MarTech Podcast ™ // Marketing + Technology = Business Growth cover image

MarTech Podcast ™ // Marketing + Technology = Business Growth

How To Avoid Building A Product You Can't Market

Oct 30, 2024
Brendan Grove, Co-founder and CTO of Prizeout, sheds light on the crucial intersection of product development and marketing. He discusses how to avoid pitfalls in creating market-challenged products by leveraging brand equity and integrating consumer feedback. Brendan emphasizes the importance of aligning product offerings with true customer needs and ensuring cohesive collaboration among teams. He also stresses the vital role of understanding product-market fit to boost customer satisfaction and retention. Tune in for invaluable insights!
16:56

Episode guests

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Quick takeaways

  • Leveraging existing brand equity enhances product marketing by fostering user engagement with relevant offers from trusted retailers.
  • Incorporating continuous feedback from consumers and teams during product development ensures alignment with market expectations and brand promises.

Deep dives

Leveraging Brand Equity in Product Development

Creating a product that utilizes existing brand equity is essential for successful marketing. The technology behind PrizeOut allows financial and gaming partners to tap into the relationships they have with their users while providing relevant brand offers, such as discounts from well-known retailers. By aligning these brands with the goals of financial institutions, the platform promotes a collaborative ecosystem where users are more likely to engage with offers that feel personal and relevant. This approach underscores the importance of understanding how to leverage established trust and familiarity in product marketing.

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