by Barbra Gago
A systematic check to determine whether to create a new category or compete in an existing one by analyzing market conditions, customer psychology, and budget realities.
Core Principles
- 1.Assess Budget: Do buyers have an existing line item?
- 2.Analyze Language: How do customers describe their pain?
- 3.Check Competition: Are others validating the space?
- +1 more...
"When you're building a category... you want to have a lot of traction in terms of thought leadership... but also educate buyers that there is a category they can now budget for."