{"id":508,"date":"2024-11-01T21:00:31","date_gmt":"2024-11-01T22:00:31","guid":{"rendered":"https:\/\/howtobigisland.com\/?p=508"},"modified":"2025-01-21T16:29:49","modified_gmt":"2025-01-21T16:29:49","slug":"product-channel-fit-finding-the-right-growth-strategy-for-your-product","status":"publish","type":"post","link":"https:\/\/howtobigisland.com\/index.php\/2024\/11\/01\/product-channel-fit-finding-the-right-growth-strategy-for-your-product\/","title":{"rendered":"Product-Channel Fit: Finding the Right Growth Strategy for Your Product"},"content":{"rendered":"
Hello and welcome to The GTM Newsletter by GTMnow <\/strong>\u2013 read by 50,000+ revenue professionals weekly to stay up-to-date and scale their companies and careers. GTMnow is the media brand of GTMfund \u2013 sharing go-to-market advice from the top 1% of revenue operators including the 350 executives behind the fund, news, and our viewpoints from working with hundreds of portfolio companies. <\/em><\/p>\n Product<\/strong> At Attention, call recordings and CRM auto-fill are just the beginning. Attention\u2019s conversational intelligence platform not only delivers key insights based on what your customers are saying, but allows you to automate actions using our AI-powered workflows.\u00a0With Attention you\u2019ll be able to:<\/p>\n Generate coaching scorecards after every call<\/p>\n<\/li>\n \u201cAsk Attention anything\u201d \u2013 ask questions across all of your customer calls<\/p>\n<\/li>\n Send follow-up emails to prospects or internal stakeholders on a deal<\/p>\n<\/li>\n Automatically alert key stakeholders of relevant deal info (churn risk, solutions needs, etc.)<\/p>\n<\/li>\n<\/ol>\n Help your team close more deals. Check out Attention<\/a>.<\/p>\n <\/a><\/figure>\n<\/div>\n We often hear product-market<\/em> fit, but not often enough is the importance of product-channel<\/em> fit emphasized. We teamed up with Chang Chen<\/a> to break it down \u2013 let\u2019s get into it. <\/p>\n Product-Channel Fit measures how well a product aligns with its distribution channels to effectively reach its target market. The goal is not to test every possible channel but to focus on the one or two that maximize your resources and scale your product for hypergrowth.<\/p>\n For example, an AI-powered video creation tool designed for viral social media content thrives through influencer and organic campaigns. Meanwhile, a collaboration tool with a high NPS can scale rapidly through Product-Led Growth (PLG) and word-of-mouth. On the other hand, an AI customer service platform targeting enterprise clients performs best in offline events or VIP dinners where relationships drive trust.<\/p>\n By narrowing your focus, you can concentrate resources where they matter most, making it easier to achieve sustained growth.<\/p>\n <\/a><\/figure>\n<\/div>\n There are three primary ways to identify product-channel fit:<\/p>\n 1. Identify Channels That Suit Your Product<\/strong><\/p>\n Focus on what makes your product unique. <\/p>\n Does it follow a PLG or Sales-Led Growth (SLG) model? <\/p>\n<\/li>\n Does it support single or multi-user collaboration? <\/p>\n<\/li>\n Are you targeting consumers or decision-makers? <\/p>\n<\/li>\n<\/ul>\n Each factor influences which channels will deliver the most growth.<\/p>\n Differentiate between keyword-based channels that target active searchers and interest-based channels that engage users passively. Prioritize channels that align with your product\u2019s strengths and have the highest potential for success \u2013 this is key to avoiding wasted time and effort on channels that won\u2019t work for your offering.<\/p>\n 2. Adapt Your Product to Fit Major Channels<\/strong><\/p>\n Some companies can adapt their product to make better use of high-potential channels. For instance, a video editing platform might release a suite of free, lightweight tools that scale SEO traffic, or an SLG company could create a self-serve option to generate leads more efficiently.<\/p>\n When you adapt your product to fit key channels, you not only make it easier to reach your audience but also increase the likelihood of channel success.<\/p>\n 3. Create Your Own Channels<\/strong><\/p>\n In some cases, companies can leverage their product\u2019s unique strengths to create new channels or use existing channels in innovative ways. This might include integrating your product more tightly with other platforms, using your data to create valuable lead magnets, or finding creative distribution methods that go beyond traditional marketing.<\/p>\n Channels can be benchmarked by ARR stage:<\/p>\n <\/a><\/figure>\n<\/div>\n Finding product-channel fit allows you to move faster and avoid wasting marketing budgets on channels that aren\u2019t suited for your product. By bringing focus to your team, you enhance operational efficiency and set the foundation for long-term growth.<\/p>\n This approach isn\u2019t about following a prescribed playbook \u2013 it\u2019s about identifying the channels that work best for your specific product and market, then doubling down on them to achieve scale.<\/p>\n You can also read this here<\/a> on the GTMnow website. <\/p>\n
\n<\/div>\n: Attention<\/a><\/strong> <\/p>\n
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\n<\/div>\nProduct-Channel Fit: Finding the Right Growth Strategy for Your Product<\/strong><\/h2>\n
Product-channel fit explained<\/h3>\n
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Three Approaches to Finding Product-Channel Fit<\/strong><\/h3>\n
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The Benefits of Product-Channel Fit<\/strong><\/h2>\n
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