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Startup or New Product? When Should You Plan and Build Your Route(s)-to-Market (RTM)?
In my post last week, I talked about planning route-to-market for a startup, or a more established company launching a new product category. The framework for approaching the situation is that you need to “Build a Bridge” to connect your products your target customers. As shown in Figure 1 below, that bridge consists of 4 key elements (Solution, GTM Model, Sales Plays, Sales Channel) that every company needs to take into account – if they want to drive revenue for their products, and alliances…
Figure 1: Building your Foundational “RTM Bridge”
But the Focus of this post is WHEN you need to plan and build this RTM Bridge?
To be honest, it is always a bit surprising to me that when I talk to folks in the industry (even very experienced executives and folks that I consider to be friends), the assumption seems to be that this needs to be done AFTER the product is ready. I’ve had quite a few discussions with prospective clients or with clients talking about future needs, where they told me something like: (more…)