A friend of mine reached out and asked me my thoughts on product marketing the other day. Little did he know that question would send me off on a tangent. Because it did (and I thought I would piece together that tangent for this post).
For one reason or ten, I am insanely passionate about product marketing. I think it’s because I have seen the shift over the years from “two teams” to “one team”, from “hands off marketers” to “all in marketers”, and I couldn’t be more stoked about it. Today product and marketing need to be so closely tied, you can barely separate them. I believe that with my whole heart.
But alas there is a problem. The intersection of the two functions often causes more friction and deeper silos than we could imagine. There is a turf war happening at a number of companies, and it’s too damn bad. The companies that solve for how these two teams can work together are going to win. They are going to win every time. Luckily for us there is a traditional function that helps lace us together for a common goal — product marketing.
Enter the second problem — most marketers don’t know what the hell that means. [facepalm] So let’s run through it shall we?
What is Product Marketing?
Product marketing as it traditionally exists solves for – what to build, who to sell it to, how to sell it, and what to price it at. Its a four cornered web of awesome that helps companies build something valuable for the right people, sell it well and make money. Wait a minute — that sounds super important? Why yes, yes it is. I have put together a magical picture (ridiculous attempt at a pun intended) to stress its importance…
So how come so many companies screw this up? Enter the where should it live dilemma.
Where Should Product Marketing Live?
You know what I love? Cold, hard truths. So here are a few of them: Most of today’s marketers suck at what to build and how to price it. While most product managers today suck at who to sell it to and how to sell it. Don’t hate the messenger. It’s true. FWIW it’s not their/our fault, marketers weren’t trained in product planning, and product managers weren’t trained in market research and acquisition/take to market strategy. Let’s all just blame the system and move on.
So if it shouldn’t live on either team, then what? This is where it get’s interesting. I think you’ll see the rise of growth teams, or product planning teams that try to really drive those core functions (this is a lot of what growth marketing was at Moz for me and what you see growth teams do at other companies – FB, Dropbox, Pinterest, etc.). I think these hybrid teams will hire in curious cats that don’t want to do one or the other. And I truly believe that in a few years we may just see the structured “two team system” as we know it — be uprooted altogether.
With today’s companies being more product driven than ever and offering more products than before on more channels than ever before, the cornerstone that is product marketing has become the inflection point between success and failure. I’m seeing it. You’re seeing it. It’s happening.