17/04/2023
Looking to build a demand gen strategy for your startup?
At Scale It Right, we talk to founders on a daily basis, helping them chalk out a demand-generation strategy that meets their revenue goals.
Here are 5 key points that keep coming up in our conversations:
✅ Get your positioning right: Your brand's positioning determines how your audience thinks about you. Think about who you're targeting, what pain points your solution solves, and what sets you apart. The positioning you commit to will become the foundation above which all other demand-gen movements - from outbound campaigns to long-form content - are built on. We’ve seen entire teams across departments align with renewed vigor when presented with positioning clarity, often coming together to brainstorm, strategize and execute frameworks that match the newfound messaging. Nail your positioning, and you've created the cornerstone for a focused demand gen strategy.
✅ Nail your Actual Addressable Market: Focus on the segment within your Total Addressable Market that is most likely to adopt and benefit from your solution. This is your Actual Addressable Market - and it's this segment that needs to be the center of your demand generation strategy. Focus on hitting the Actual Addressable Market, and you will begin onboarding loyal customers from the very start.
✅ Set short-term and long-term demand-gen goals: The ideal demand-generation engine is a mix of organic and inorganic activities. Understand what your startup needs in terms of revenue and set your demand generation goals for both the short term and the long term. This will help you create a demand-generation strategy that is ideal for your business requirements.
✅ Understand geographical mindsets: Every region has its own unique customs, business practices, and mindset. For example, selling a product in the US is extremely different from selling the same product in the Middle East. To build a demand generation strategy that helps you unlock new markets, you need to understand the mentality of each geography and recalibrate your efforts to meet the expectations of each region.
✅ Make room for strategy: As a startup founder, you wear many hats. You could be proficient in product development, finances, marketing, sales, and more - and are probably taking up some level of effort in each of these areas. However, you need to be careful about how much time you’re spending on ex*****on. Set aside some time every day to take a step back from ex*****on and think about your demand gen strategy. Is it headed the right way? Are all your demand gen movements aligned? Are you seeing the results you expected yet? This will help you tweak your demand-generation engine into a revenue-generating powerhouse.
What do you think of these demand-generation tips? Did we miss out on anything? Drop your comments below and let us know!