Developing a marketplace strategy is the essential first step for any ISV looking to succeed. Ashleigh discusses the importance of understanding where the company’s target customers are and selecting the right marketplace platform. She gives the example of how Microsoft’s two platforms cater to different audience types: AppSource is for business users, while Azure Marketplace is oriented toward developers. By choosing the appropriate marketplace, ISVs can align with their core audience, ensuring their offerings are tailored to solve specific industry problems.
This foundational step goes beyond simply listing products; it requires defining a solution that resonates with marketplace users. Ashleigh emphasizes the importance of product positioning, from identifying the precise problem the solution addresses to understanding customer pain points. For instance, an ISV focusing on cybersecurity solutions should align its messaging with the current market’s increased regulatory requirements and demand for sustainable tech. This strategic approach gives ISVs a competitive edge, ensuring their products are relevant, engaging, and well-positioned.
Ashleigh also touches on the importance of maintaining flexibility. The marketplace landscape is dynamic, and ISVs must stay adaptive and ready to adjust their strategies in response to changing customer demands, evolving technologies, and industry trends. This readiness to shift and refine strategies allows ISVs to stay ahead in the competitive digital ecosystem, making this first step crucial for marketplace success.