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Productmarketing management is one of the most exciting and challenging industries today, but it’s also one of the least understood. This blog article breaks down how productmarketing managers can help users find and purchase products they need while keeping the company’s overall business goals in mind.
Getting this wrong can lead to missed chances or putting too much money into a smaller market than you thought. The answer lies in figuring out your Total Addressable Market (TAM). TAM is a crucial metric that helps businesses make smart choices , from improving marketingplans to making important investments.
Your company is launching a new product, eyeing a new marketsegment or contemplating a strategic pivot—as a seasoned marketer, your first move would be to conduct a competitive analysis. This exercise is elementary to uncover critical insights about the new market and gain visibility into the competitive landscape.
You might consider including information on: The brand positioning vision and how you'll cultivate it The goal targets you aim to achieve The metrics you'll use to measure success The channels and distribution tactics you'll use It can help to already have a marketingplan built out to help you with this part of your business plan.
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