Storybook reposted this
The number of buyers who come in-market ultimately sets the ceiling for how many potential deals can actually come your way. Not just buyers seeking you out, but for the very solution category you compete in - a situation which has become more volatile in tech than ever. The challenge is that this kind of data is not available for most products, but it doesn't mean it's not possible to gain insight into. Branded search acts as a good proxy for in-market interest, and when aggregated across all of the options for a specific solution you can paint very interesting pictures of the overall category. Take this example below, where the collective search for a mature SaaS category has been in clear decline as a total, for multiple years, with that decline only getting more pronounced over time. Objectively, if there are fewer people seeking out the brands in this category, then there are very likely fewer buyers coming into it, and this could have real implications for where new deals with come from for everyone, as well as the increased competitiveness that will surely come as a result. But, even in a declining category there can be winners and losers, and total decline can be unevenly distributed, so it's important to look more deeply. In this example, that category decline is being experienced across the board, but with some harder hit than others. I've been obsessing over how to better build this picture with Storybook, and I genuinely believe it's a view that is crucial to company planning. What if you're declining in a category that's growing? What if the category has radically changed direction? Last year's benchmarks may not be a good indicator into this year's outcomes. Effective marketing requires an understanding of the market. That can come through surveys, analyst research, and brand tracking tools, but the fact will always be that those who have insights have advantages.