It's the challenge that many companies dream of: a product could potentially serve any industry that uses technology.
But the old adage "more the merrier" doesn't quiiite apply when defining your ICP.
Clarity in value proposition, persona, and ICP not only streamline the sales process but also facilitates the quick disqualification of non-ideal prospects. Higher value pipeline, greater efficiency.
With a broad ICP, it can feel like you’re staring into a blue ocean 🌊
This "blue ocean" scenario poses a unique dilemma - how do you focus when "everyone" could be your customer?
How do you carve out "swimming pools" within an expansive ocean?
Freshly hitting the press tomorrow is a strategy and playbook for success with a broad ICP. GTM leader Stephen Farnsworth expertly navigated these waters for the RevOp Solutions team Workato, achieving a 4X growth in revenue across their target personas in just the first year. Now, as he spearheads go-to-market strategies at Armada, he is applying the same principles of success.
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