Loved

Loved
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Most tech companies get marketing wrong because they don't know how to do product marketing right. The next in the bestselling SVPG series, LOVED shows what leaders like Apple, Netflix, Microsoft, and Salesforce do well and how to apply it to transform product marketing at your company. The best products can still lose in the marketplace. Why? They are beaten by products with stronger product marketing. Good product marketing is the difference between “also-ran” products versus products that lead. And yet, product marketing is widely misunderstood. Although it includes segmenting customers, positioning your product, creating product collateral, and supporting sales teams, great product marketing achieves much more. It directs the best way to bring your product to market. It shapes what the world thinks about your product and category. It inspires others to tell your product’s story. Part of the bestselling series including INSPIRED and EMPOWERED, LOVED explains the fundamentals of best-in-class product marketing for product teams, marketers, founders and any leader with a product and a vision. Sharing her personal stories as a former product and marketing leader at Microsoft and Netscape, and as an advisor to Silicon Valley startups, venture capitalist, and UC Berkeley engineering graduate school lecturer, Martina Lauchengco distills decades of lessons gleaned from working with hundreds of companies to make LOVED the definitive guide to modern product marketing. With dozens of stories from the trenches of market leaders as well as newer startups with products just beginning their journey, the book shows you: the centrality of product marketing to any product’s success the key skills and actions required to do it well the four fundamentals of product marketing and how to apply them how to hire, lead, and organize product marketing how product marketers optimize crucial collaboration with other functions one-sheet frameworks, tools and agile marketing practices that help simplify and elevate product marketing LOVED is an invitation to rethink tired notions of product marketing and practice a more dynamic, customer and market-centric version that creates raving fans and helps products achieve their full market potential.

Оглавление

Martina Lauchengco. Loved

Table of Contents

List of Tables

List of Illustrations

Guide

Pages

Praise for LOVED

The Silicon Valley Product Group Series

LOVED. HOW TO RETHINK MARKETING FOR TECH PRODUCTS

Foreword

Introduction: My Story. Getting Flamed by Bill Gates

Start with the End in Mind

The Barefoot Guy on the Cover of Time

Markets Shape Success

How to Use This Book

Note

Chapter 1 When David Beats Goliath: Why Product Marketing Matters

What Is Product Marketing?

Why Product Marketing Matters Now

Where Product Marketing Fits

Chapter 2 The Fundamentals of Product Marketing

Fundamental 1. Ambassador: Connect Customer and Market Insights

Fundamental 2. Strategist: Direct Your Product's Go-to-Market

Fundamental 3. Storyteller: Shape How the World Thinks About Your Product

Fundamental 4. Evangelist: Enable Others to Tell the Story

Note

Chapter 3 Ambassador: Connect Customer and Market Insights

Market Sensing

Third-Party Insights

The Competition

Ambassador of Insights

Chapter 4 Strategist: Direct Your Product's Go-to-Market

Key Terms

The Role of Marketing Strategies in Product Go-to-Market

How Company Maturity Evolves Product Go-to-Market

Chapter 5 Storyteller: Shape How the World Thinks About Your Product

Use Formulas as Input, Not Output

A Better Process

The Tendency to Be Overly Precise

Search Engine Optimization

Positioning = Your Actions + Others'

The Long Game

Chapter 6 Evangelist: Enable Others to Tell the Story

Enabling Others

Evangelism vs. Promotion

Tailor Evangelism Tools to Your Product's GTM

Evangelism Is a Team Sport

Chapter 7 Strong Product Marketing: Skills of the Good

Key Skills of Strong Product Marketers

Key Responsibilities

Product Marketing Foundational Responsibilities

Growth Marketing

Direct to Customer Businesses

Focus Areas for D2C PMM

Business to Business

Focus Areas for B2B PMM

Product Marketing Anti-Patterns

Chapter 8 How to Partner with Product Management

Beyond the Core Product Team

Indicators the Partnership Is Working Well

Set It Up for Success

Anti-Patterns, What Better Looks Like

PMM/PM Best Practice Touchpoints

Chapter 9 How to Partner with Marketing

Using the Right Marketing Mix

Indicators the Partnership Is Working Well

Set It Up for Success

Anti-Patterns, What Better Looks Like

PMM/Marketing Best Practice Touchpoints

Chapter 10 How to Partner with Sales

Balancing Urgent and Important

Indicators the Partnership Is Working Well

Set It Up for Success

Anti-Patterns, What Better Looks Like

PMM/Sales Best Practice Touchpoints

Chapter 11 Discovering and Rediscovering Market Fit

The Market Side of Product/Market Fit

Probe Early, Probe Often

Creative Market Test Ideas

Additional Techniques to Understand Market Fit for Existing Products

Timeboxing

Active Listening

Chapter 12 Product Marketing in the Age of Agile

Create a Release Scale

Agile Marketing

Chapter 13 The Metrics That Matter

Product Marketing Objectives

OKRs and KPIs: What's the difference and how do you use them?

Metrics for Product Marketing

Practice Patience and Persistence

Chapter 14 When Strategy Guides Product Go-to-Market: Salesforce

Chapter 15 What the iPhone Shows Us About Adoption Life Cycles

Let's Talk Technology Adoption Life Cycle

Applying Life-Cycle Dynamics to Product Go-to-Market Actions

Be Thoughtful and Patient

Hello iPhone: The Technology Adoption Curve in Action

Innovators

Early adopters

Early majority

Late majority and laggards

What can you learn?

Notes

Chapter 16 The Brand Lever: It's Not What You Think

Brand in Tech

Product Scope Expands; Market Perception of Current Product Is Narrow

Brand Strategy Informs Product Go-to-Market Strategy

Leverage Existing Product-Brand Loyalty to Acquire New Audiences

Improve Ability to Penetrate a Market with a New Brand

Product Naming Is Brand Strategy

Sometimes There Is a Bigger Battlefront

Note

Chapter 17 The Pricing Lever: It's About Perceived Value

Pricing Basics

Make Pricing Easy for Customers and Good for Business

What Drives Your Business?

Use Packaging for Customer Segments or Use Cases

Trends Shift Expectations of Value

Profile in Product Marketing: Jenn Wei

Chapter 18 Marketing When It's Not About Product

Campaigns Beyond Product

Invest in the Emotionality of Your Brand

Improve Collaboration Between Marketing and Sales

Examine the Customer Journey

Enable Evangelism from Customers

Activate Your Community

How Modern Hire Acted Swiftly to Create a Customer-Centric Coordinated Campaign

Chapter 19 The One-Sheet Product Go-to-Market Canvas

Product Go-to-Market Canvas: Think Puzzle

Make It Customer First!

PGTM Canvas in Action

Chapter 20 Understanding in Action: Real Marketing Plans

Early Stage

Measurable Goal That Ties to the Business

Key Results That Pair Quantity with Quality

Objectives, Strategies, and Tactics

Scaling Stage

Tie Goals to the Business

Strategies versus Tactics

Mature Stage

Pro Tips in Crafting Good Marketing Plans

Chapter 21 Discover Your Position

Positioning Takes Time

Good Messaging Is Harder Than It Looks

Accuracy for the Engineering Trained

Chapter 22 How to Listen and Connect: Expensify and Concur

Listen and Learn

Choose Credibility and Clarity

X-Ray: Concur

X-Ray: Expensify

CAST: A Simple Guide

Chapter 23 Understanding in Action: Netflix and Zendesk

Netflix's DVD Days

As the Game Changed

Brand Leads the Message

Zendesk Anticipates What Customers Want to Know

Customer Outcomes Lead

Profile in Product Marketing: Julie Choi. Product Marketing for Developers

Note

Chapter 24 The Balancing Act: Right Message, Right Time

Right Category: Create New or Redefine Existing?

Leveraging Product Managers

Leveraging Sales

Leveraging Search Trends and Techniques

It's a Balancing Act

Notes

Chapter 25 The One-Sheet Messaging Canvas

How It Works

The Messaging Canvas in Action

Answers to Most Frequently Asked Questions

Chapter 26 Leading and Transforming Product Marketing

Where Should Product Marketing Report?

Factor 1: What Business Problems Are You Trying to Solve?

Factor 2: Which Leader Has the Capacity to Help the Function Reach Its Potential?

Defining the Scope of the Role

Product Marketing and Product Management

Product Marketing and Go-to-Market Teams

Product Marketing and Executive Leadership

The Importance of Inclusive Team Norms

Note

Chapter 27 How to Hire Strong Product Marketing Talent

Assessing the Skill Set

How to Assess Raw Ability versus Experience

Let Every Candidate Shine

Chapter 28 How to Guide a Product Marketing Career

Early Career: One to Five-ish Years

Mid-Level: Five to Twelve-ish Years

Senior: 10+ years

I'm a Great Director of Marketing. Why Am I Not a VP?

Chapter 29 Product Marketing by Stage: Early, Growth, Mature

Early Stage: Ignition

Growth Stage: Rapid Rise

Mature Companies: Peak Burn

Adjust Scope to Stage

Chapter 30 Mature Company Inflection Points: When to Lean into Product Marketing

“Traditional” Company Becomes a Tech-First Company

A Single-Product Company Becomes a Multi-Product Company

Moving from Product to Solution, Service, or Customer-Centric

International Expansion

Conclusion What You Can Do Right Now

Four Fundamentals of Product Marketing

Appendix: Marketing Terms Explained

Acknowledgments

About the Author

Index

WILEY END USER LICENSE AGREEMENT

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“LOVED is a supremely practical book and a must-read for anyone wanting to do great product marketing. Martina's stories from the trenches bring everything to life. I'm telling everyone at my company to read it.”

—Sarah Bernard, CCO Greenhouse, former VP Product and Design, Jet.com

.....

Which is why I'm happy to tell you about this new book.

Martina has had a remarkable career, with many years of experience at top tech companies, most notably Microsoft and Netscape Communications, covering not just product marketing, but also product management and corporate marketing. She is, I believe, uniquely suited to write this book.

.....

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