One of the biggest challenges I've noticed with SaaS companies is their approach to Demand Generation.
Many companies spend thousands on ads, seeing it as a "low-risk" marketing strategy. They think, "If we spend 10k and it doesn't work out, at least we got some exposure, right? " Wrong! It's money poorly spent. 💸
Why? 🤔
People don't buy your service "just because," especially if they're not within your target audience.
The solution? 🎯
Understand how your customers perceive value and tailor your positioning strategy accordingly.
Mastering the Art of Positioning 🚀
You don't sell a product; you sell a solution. Successful Positioning requires storytelling and creating demand based on the value your customers perceive of your product. While positioning strategies vary, here are 3 tips to enhance your SaaS positioning:
🏆 Understand what your target customers prioritize:
In the case of SaaS, most companies prioritize customer retention, revenue, growth, and innovation. The main "goal" is to ensure your offer enhances at least one of these areas. It doesn't need to be transformative but must provide measurable gains.
🏆 Segment your target group: Your product may offer solutions for customers with different pain points and goals. Tailor your Positioning and messaging to address the distinct needs of each segment and, most importantly, target your customers uniquely based on their channels.
🏆 Create a clear positioning messaging: Think about it this way
" We help [target market] solves [ problem] with [deliverable/outcome]." Having a clear message helps you stand out from your competitors and allows you to maintain consistency in both your media and sales journey.
Still, struggling with Positioning? Take a look at these slides 👇🏽
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