When building your first go-to-market strategy, focus on the market segment that's Solution Aware.
You’re familiar with the five stages of awareness…
If I’m a new pest waste remover trying to get my business off the ground, I need to focus on getting clients today.
Rather than trying to convince people they need to go up in the attic to check for feces, I’d like to reach the people who…
This group makes up my SOM (Serviceable Obtainable Market).
My TAM (Total Addressable Market) is anyone with an attic (I.e. Problem Unaware & beyond)
But I can not realistically obtain them as clients as an early stage startup.
Why?
To successfully reach my entire TAM would require massive amounts of money and marketing effort.
I could go to investors and tell them a story about reaching a massive TAM (“There are 100 million attics in America! It’s a gold rush!”)
But I still need to close clients today.
Ben Wilentz
Founder, Stealth Startup