How can you create a go-to-market strategy for a product with high brand recognition?
A go-to-market strategy is a plan that outlines how you will deliver your product to your target customers and achieve your business goals. It covers aspects such as positioning, pricing, distribution, promotion, and customer experience. But how can you create a go-to-market strategy for a product with high brand recognition? Here are some tips to help you leverage your existing strengths and address potential challenges.
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Understand your customers:Utilize your loyal customer base to gain insights into their needs and preferences. Segment them by demographics and behavior to tailor your messaging effectively.### *Create excitement:Generate buzz using creative tactics and leverage brand advocates and influencers. This approach can amplify your message and drive sales through word-of-mouth promotion.