What Is Product Marketing? (Phases, Strategies & Skills)

Product marketing is an area of marketing that focuses on launching products and driving awareness for them. Before any new product goes to market, product marketers must first understand several things, including the need it fills, the kinds of customers who may want to purchase it, and the major competitors that offer a similar product.

Discover more about product marketing, including its important phases and key skills you'll need to develop if you want to work in this area, such as data analysis. Get started by strengthening your ability to work with marketing metrics with the Meta Marketing Analytics Professional Certificate, where you'll learn how to design experiments and test hypotheses to evaluate advertising effectiveness.

What is product marketing?

Product marketing plays a pivotal role in the product lifecycle by helping research and launch new products. This includes conducting research in advance to understand their target market, and then developing and implementing a marketing strategy to drive awareness.

Product marketers tend to sit at the intersection of several teams, including product, marketing, and sales. As such, they play a unique collaborative and cross-functional role.

Why is product marketing important?

Product marketing is important for different reasons. It's a marketing function that works cross-functionally with other key teams at a company, such as product, so it's uniquely situated to identify important insights and achieve major business goals. It's also deeply aware of customers and their needs, which can influence a product's development or the marketing strategy used to reach customers. And having a strong product marketing team in place can make it easier to launch new products in the future.

5 key phases of product marketing

Product marketing sometimes gets conflated with product management. The two work together closely, but while product management is responsible for developing a product, product marketing is responsible for overseeing the marketing strategy surrounding that product. This includes undertaking market research, positioning (and differentiating) the product, and developing key messaging to reach customers.

When you work in product marketing, a key part of your responsibilities will involve developing a product marketing strategy, which often draws on the four Ps of marketing. Let's review some of the major tasks and skills involved in that work and how it tends to unfold over time.

1. Market research

A product marketer will often work closely with the product team to evaluate product ideas. At this stage, a product may not yet be formally developed. Instead, the emphasis is on conducting research (or a market analysis) to better understand the landscape and ensure the new product will be worth the company's time and investment.

Market research can entail identifying top competitors, understanding pricing points for the product, identifying a target audience that will most benefit from using the product, and building a customer persona to help develop a more specific strategy. From that research, product marketers may be able to provide valuable insights for the product team to apply as they develop the product.

2. Development

Research can take place before development on a product officially begins, or concurrently as a product is being developed. In either case, product marketers tend to work closely with the product team during development so they can identify key reasons why a customer would be interested in the product (sometimes called value props). They can also provide a useful business perspective, ensuring that the product aligns with the company's larger goals.

3. Messaging

Product marketers are responsible for crafting the larger narrative surrounding a product as it gets ready to launch. Based on the research they initially conducted, product marketers determine what messaging will best engage their target audience and which marketing channels they should use to distribute that message.

4. Launch

Before a product's launch, product marketers need to have a firm go-to-market strategy. This includes developing a buyer persona, finalizing a pricing strategy, and selecting the best promotional channels for driving a high return on investment (ROI).

5. Iteration

As a marketer, you'll likely have access to unique insights post-launch that can help the product team iterate on the product and improve its usefulness or product market fit (PMF). After identifying areas that need improvement, you'll bring these insights to the product team and work closely with a product manager to make the best changes within the company's business needs.

Important questions to inform your product marketing strategy

The right product marketing strategy will depend on your product, the problem it will solve for customers, and your target audience. Finding out these details will help you understand where to reach your customers and how. 

To begin defining your strategy, think about answering the following questions: 

1. What’s the problem you’re trying to solve for potential consumers? 

To determine how to market a product, it's important to outline the value it will add to customers' lives. You can identify key value propositions by understanding how your product will solve a problem (or problems) that customers have.

2. Who are your major competitors?  

Chances are, you'll have some type of competition. Research your main competitors to understand everything from the product they offer to how it's priced and messaged. A part of your marketing strategy will involve differentiating your product from your competitors, and you'll need to first know about your competitors' products in order to do that.

3. Who is your target consumer? 

It's vital that you have identified and based your product on the needs of a particular group. Being specific in this case helps. To do this, create a buyer persona using insights from previous customers, customers of similar products, and their common traits. 

Once you have created your buyer persona, research the following things:

• Find out this person’s pain points

• What the person wants

• What appeals to them 

• How they communicate

• Where your targeted audience spends their time (social me

  dia, email, etc.)

4. What marketing channels will best reach your consumers?

As a marketer, you will ideally have access to several different marketing channels, such as email, social media, events, and web. Consider where your cons

umers are most active and how best to reach them. In other words, where does it make sense to share the story you develop around your product? For example, if you know your consumers are highly active on social media, then it might make more sense to build a strategy focused on leveraging those platforms, as opposed to investing more heavily in event marketing.

Product marketing careers: how to get started

Product marketing is not an entry-level role. Typically, to get started as a product marketing specialist and then advance to a product marketing manager position, you'll need somewhere between 3-5 years of experience, though some companies may require even more.

1. Earn a degree

While you can get started in an entry-level role without this degree, employers will likely require it once you begin advancing. In fact, 75.4 percent of product marketing managers have a bachelor's degree, according to Zippia [1]. Companies may look for bachelor's degree in marketing, business administration, or related majors.

2. Develop experience through entry-level roles.

In order to advance to product marketing, consider finding entry-level marketing, sales, or business roles that expose you to many of the things you'll need to know, including conducting market research, developing marketing campaigns, and analyzing data.

You may want to look for marketing coordinator, customer service specialist, sales associate, and similarly titled roles. With each of these opportunities, once you're comfortable with your workload, consider approaching your manager to ask if you can support any product-focused initiatives or projects. You can also begin to build your product marketing knowledge and skills in the following ways:

• Get to know your target market thoroughly. What are their needs and wants? What motivates them? The better you understand your target market, the better you will develop products they will love.

• Keep up with industry trends. Staying updated with industry trends may help you develop products that are ahead of the curve and will appeal to trend-savvy consumers.

• Develop a strong understanding of the product development process. To be successful in product marketing, you need to understand how companies develop products so that you can provide input at every stage of the process.

• Be creative in your promotional efforts. You need to get creative with your promotions and find ways to reach consumers where they may spend the majority of their time (online). Think about the various marketing channels and ways to increase the reach of your message on each.

3. Build key product marketing skills.

As we've mentioned, product marketers tend to sit at the intersection of marketing, product, and sales. Thanks to their collaborative work with these other teams, they need to be effective communicators, capable of delivering key insights in an actionable way.

More than that, they should also be curious about the market, target audiences, competitors, and a product's functionality. Consider developing the following skills:

• Data analysis

• Market research

• Marketing skills (writing, SEO, listening)

• Product lifecycle

• Creative thinking

• Problem-solving

• Collaboration

• Communication

4. Continue developing professionally.

As a product marketing professional, you can hone your skill set by earning a Professional Certificate, such as Google's Digital Marketing and E-commerce Professional Certificate or Meta's Social Media Marketing Professional Certificate, which can expose you to various marketing strategies and channels that may be useful to your growth in product marketing.

Build or strengthen your product marketing skills on Coursera

You'll find many opportunities to develop your skills in product, marketing, and data on Coursera. Here are three options to get started:

• Get comfortable with the product lifecycle through the IBM Product Manager Professional Certificate, where you'll learn how to describe product development and analysis best practices.

• Strengthen your product knowledge with the University of Maryland's Product Ideation, Design, and Management Specialization, where you'll learn about discovering your target customer, your customer’s underserved needs, and your value propositions.

• Build important data skills with a marketing focus through the Meta Marketing Analytics Professional Certificate, where you'll learn how to analyze data using key marketing analytics methods.