After a great interview with Melanie Crissey from FullStory, we come back with another amazing interview, this time with a professional Email strategist who can captivate you with her copy.
Nikki Elbaz is working with SaaS companies, helping them and their clients get better results in their Go-to-Market strategy (GTM Strategy) through effective Email copy.
We wanted to know what Nikki thinks about Product-Led Go-to-Market (GTM Strategy).
Here is what she answered.
Who is Nikki Elbaz?
Nikki Elbaz crafts data-driven email sequences that get more new products in more pockets.
In addition to working with private SaaS clients, Nikki serves as Email Specialist for the industry-leading Copy Hackers Agency.
Nikki has also coached dozens of freelancers, helping them gain the confidence and clarity to up their game—and their rates.
For emails and updates on all things SaaS, sales, and swipes, hit up nikkielbaz.com/opt-in.
Why such a big discussion about Product-Led Go-to-Market (GTM)?
PRODUCT LED GO-TO-MARKET (GTM STRATEGY) MAKES ADOPTION EASIER
Without the friction of buying, more potential customers are willing to become…well…customers. With a Product-led Go-to-Market (GTM), the funnel (or flywheel) opening is just wider.
But more than that: all marketing efforts are silently vetted by the 40/40/20 principle: success depends on your list (40%), your offer (40%), and your creative (20%).
If you’ve achieved product-market fit, you’ve effectively slam-dunked 60% off your effort.
The wider pool of prospects – but also, ironically, the more fined-tuned pool of prospects – makes Product-led Go-to-Market (GTM) an easier model to market your value proposition.
PRODUCT LED GO-TO-MARKET (GTM) IS ETHICAL
It almost makes more sense, ethically, to have the new product drive the journey. If I need to sell externally, is the product really a good fit for my buyer personas and use cases?
If you need to convince, there is a certain amount of friction between the fit.
But with a Product-led Go-to-Market (GTM), the product needs to be so perfect, that it essentially sells itself to its target markets.
And that’s why we can automate onboarding – because the customer acquisition and loyalty comes from marketing the perfect solution to the ideal target audience, not from external branding efforts.
PRODUCT LED GO-TO-MARKET (GTM) GENERATES MORE PASSION, INTERNALLY AND EXTERNALLY
It’s a core human trait to love what we create.
If we live, breathe, and not-sleep product launch creation – and especially if we listen to a real pain point and custom create a solution to that pain point – the end result (the new product) becomes a point of pride.
And if that’s the case, why would we not want to have the product itself drive the customer acquisition and journey?
The product-led model creates more passionate teams, which then generate a more loyal following and action plan.
Free trial, Freemium model or Demo request? How would you choose the most appropriate and how?
DATA, DATA, DATA
There are stat answers: if it’s complicated, make it a demo-request product; if it captures a large market, make it freemium. Your marketing plan, your sales strategy, your go-to-market plan overall depends on the product experience it is delivering.
But the only way to really know (or almost-know) is to match how your target customers approach your product to how you position it in order to achieve lead generation.
It basically boils down to research. Industry research, yes, but mostly customer experience research.
The Jobs to Be Done (JTBD) theory is fabulous because the answers you gain from JTBD interviews are fact-based.
With JTBD, there’s no speculation, there are no projections – it’s all based on previous experiences that are then layered onto projections. With all this evidence at hand, you can build a go-to-market that syncs your sales process with your product teams, your marketing teams and product.
When your pricing strategy is informed by the customers’ past behaviours (and therefore future behaviours) and on their pain points, it’s more likely to be a successful structure.
What are the principles one needs to follow when building a user onboarding process for a SaaS business? Which mistakes to avoid?
FOLLOW THE USER
The most important principle is to create the hero’s journey to the aha moment, across use cases, buyer personas.
This is essentially what drives the Product-led Go-to-Market (GTM) – using multiple marketing and product channels to guide the user to the point of adoption during the early phases of his lifecycle.
How to start off the user on the hero’s journey to begin with?
I find affirmation especially effective. Immediately affirming the users’ decision to sanction the underlying solution that your product offers fertilizes long-term commitment to your specific solution.
Affirmations root your product into their overall, emotional journey towards a solution.
COMMON MISTAKES IN EMAIL ONBOARDING
1) Stuffing everything a user can do into the welcome email: The onboarding experience must be highly strategic – and that means paced.
Each email should have one strategic action, which then sets off another action, and another – until the aha moment is reached.
2) Not sending enough emails throughout the onboarding time frame: Again, the onboarding is the guide.
To drop off after 1 week is a lost opportunity to fully guide the user to adoption.
3) Not using behavioral triggers to personalize the onboarding experience: Personalization is key to successful automation.
Because the product is guiding the adoption, the user must be presented with the correct steps for his specific journey.
4) Sending from Team or Company Name instead of a team member’s name: Onboarding may be automated, but it shouldn’t be low touch.
Where possible, the human element should be preserved – simple things like emails coming from a real person have proven to be highly successful.
I urge you to put the user onboarding optimisation in your product marketing roadmap ASAP. Companies adopting the Product-led User Onboarding at the moment are gaining a strong competitive advantage.
What should be the relationship between Product, Marketing, Sales and Customer Success in a Product-Led company?
PUT A PRISM TO YOUR ORGANIZATION
The PLG Collective has a fabulous metaphor for how PLG efforts should be structured.
In their own words:
“When light passes through a prism, the different colors that make up white light become separated and create a rainbow effect. This happens because each color has a particular wavelength and refracts at a different angle. The product-led prism does the same thing, only in reverse. The different colors are all different teams—marketing, sales, CS, design, engineering—that normally operate on different wavelengths. Instead of separating them, the product-led prism brings these teams together. Their combined wavelengths form the bright, focused light of the user’s experience.”
How the future of Product-Led Growth looks like?
PLG IS THE FUTURE
Because the PLG model is new, there are a lot of questions: How much can we automate? What can we not automate? Will people get used to automation? How quickly?
But as more and more companies adopt the model, the more quickly we’ll figure these things out, and the more successful it will be.
It’s almost as if the PLG model will work on its own industry – more and more “users” will join, which will bring in more users and more users.