1
Define your target market and primary buyer persona
Start with the single most winnable customer segment β the buyers with the strongest pain, the budget to act, and the shortest sales cycle. Build one detailed persona before expanding to secondary segments.
π‘ Interview three to five existing customers or target prospects before writing this section. Their language belongs in the positioning statement, not yours.
2
Write the value proposition and positioning statement
Use the standard positioning formula: for [target customer] who [pain point], [product] is a [category] that [key benefit], unlike [alternative] which [limitation]. Test it with someone outside the company β if they cannot repeat the core idea back, simplify it.
π‘ Lock the positioning before writing any other section β every downstream decision on channels, pricing, and messaging should flow from it.
3
Map the competitive landscape with at least four alternatives
Include direct competitors, indirect competitors, and the status quo (doing nothing or using a spreadsheet). For each, note pricing, primary channel, key strength, and the one area where you win.
π‘ A simple 2Γ2 matrix β axes chosen around your two strongest differentiators β makes the competitive section scannable and forces you to pick a defensible position.
4
Define pricing tiers and the rationale behind them
Choose a pricing model (subscription, usage-based, one-time, or hybrid) and set at least two tiers. Anchor the entry price against a competitive reference point and justify the premium tier on a specific high-value feature or outcome.
π‘ Run a willingness-to-pay test with five to ten prospects before finalizing price points β a $20/month miss in either direction materially changes conversion rates.
5
Select two to three primary distribution channels
Choose channels where your target buyer actually discovers solutions, not channels your team finds comfortable. Estimate CAC and expected revenue contribution for each, and assign a channel owner.
π‘ Limit the initial plan to two channels. Spreading across five channels with insufficient budget produces mediocre results in all of them.
6
Build the launch timeline by working backward from the go-live date
Set the launch date first, then identify every dependency β campaign assets, sales training, pricing approval, legal review, and product readiness β and assign them to owners with deadlines at least two weeks before they are needed.
π‘ Add a one-week buffer before launch for integration testing, final approvals, and the inevitable last-minute changes.
7
Define success metrics with 30-, 60-, and 90-day targets
Set at least one leading indicator (pipeline generated, demos booked) and one lagging indicator (closed revenue, active customers) for each time horizon. Assign a single owner to each metric.
π‘ If a metric has no owner, it will not move. Put names next to numbers, not just team labels.
8
Write the executive summary last
Pull the product description, market opportunity, primary channel, key differentiator, launch date, and 90-day revenue target from the completed sections into a one-page summary.
π‘ Share only the executive summary and metrics sections for a first executive review β it is faster to get alignment on the strategy before stakeholders debate tactical details.