Should You Be Establishing Personas & Segmenting Your Marketing Efforts?
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Transcript of Should You Be Establishing Personas & Segmenting Your Marketing Efforts?
Here’s Why & How To Do It
Two of the most influen8al marke8ng tac8cs to deploy are the techniques of: 1. Segmenta8on 2. Personas
Here’s Why & How To Do It
These tac8cs help: • Efficiently iden8fy your target market.
• Business owners and CEOs determine the most effec8ve strategies for aSrac8ng, engaging, and sa8sfying clients.
• Bring in incremental business and boost profits.
Why Not “Blast” Marke8ng?
Bulk, less personalized and relevant marke8ng: • Is used to blindly aSract anyone and everyone. • Tends to end up in the mundane, unsuccessful category.
• Doesn’t stand out from the crowd. • Fails to make a convincing argument to the audience. By taking the 1me to determine who your business is best suited for, business owners and CEOs can op1mize their
marke1ng budget and maximize ROI.
Segmenta8on
The first step includes segmenta8on, or the classifica8on of individuals into various groups based on specific characteris8cs or quali8es. Once these subgroups have been determined, dis8nguishing tac8cs can be implemented so that each subset is adequately addressed. To do this business owners should tap into a variety of suppor8ng data from various resources.
How To Choose Target Markets for your Brand
• The group must be large enough to produce substan8al income. • The market must be consistent and not at risk for dissipa8on or
disappearance from the general popula8on. • The group has a general history of responsiveness or reac8vity to being
targeted from an adver8sing standpoint. • The characteris8cs that determine the subsets must be clear, measurable,
and exact. • Reaching the subset does not require any addi8onal or excessive expense. • Individually specific consumers can be targeted from the group. • Your marke8ng strategies must be capable of reaching said group. • The subsets offer relevant suppor8ng data that enhances and improves
your approach to sales and marke8ng.
Narrowing Down Segmenta8on
By using geographical iden8fiers like country, states, regions, ci8es, languages, postal codes or even neighborhoods. Another op8on is the classifica8on of customers based on demographic informa8on like age, educa8on level, current occupa8on, and/or gender. Using a combina8on of both geographical and demographical descriptors is o^en referred to as a geo-‐cluster approach to segmenta8on. This helps business leaders to iden8fy a more specific audience.
Internal Segmen8ng
Internal segmen8ng of customer accounts is o^en used as a business model to help organize territory based sales tac8cs. For example, client accounts grouped by: • Industry type. • Transac8on volume history. • Nature of the developed rela8onship.
This requires business professionals to place themselves “in the shoes” of their own customers and create a hypothe8cal individual that is likely to do business with their company. In theory, these characters are real people, with real
iden1fiers, realis1c characteris1cs, and relevant needs. So, how do you generate these marke1ng personas?
A+er Target Markets Are Established, The Next Step Is The Development Of Personas
8 Ques8ons To Consider
1. Describe your persona’s demographic characteris8cs. Are they male or female?
2. How old are they? 3. What do they do for a living? 4. How do they make choices when it comes to spending
money? 5. What adver8sing techniques are most influen8al to them? 6. What types of outlets or plaforms are pivotal to their buying
choices? 7. What is the driving force behind their ac8vity or interac8ons
with your company’s industry? 8. How might they communicate with your compe8tors or other
businesses with products and/or services similar to yours?
9 More Ques8ons 1. Why are they choosing to engage with you specifically? 2. What is the extent of your rela8onship with them? 3. Do they need special aSen8on or accommoda8ons? 4. What are their goals? 5. Where is this rela8onship going? 6. What media plaforms are most useful in transmiing helpful informa8on
regarding your company’s products and/or services? 7. Are they conduc8ng online searches or using social media accounts? 8. What keywords might they be using to help them locate your company
online? 9. Are there any other influencing factors like product reviews, personal
success stories, or specific details concerning merchandise that might be driving their decision to reach out and conduct business with you?
6 Sugges8ons For Expanding Personas
1. Tap into third party resources for sta8s8cal informa8on regarding your persona’s demographics or habits.
2. Exis8ng data is incredibly informa8ve and applicable to further strengthening the poten8al of your persona.
3. Consider how your persona might interact in real life. 4. Use those scenarios to help you create strategies for
conversa8on and communica8on to your target audience. 5. Take advantage of any opportuni8es to implement social
media plaforms that are relevant to your persona. 6. As society con8nues to depend on technology, these free
resources are becoming popular and effec8ve tools for reaching your buyers.
Why Segment & Develop Marke8ng Personas?
Personas should be used to help your business team come up with marke8ng strategies all across the board. Determine which personas are most likely to conduct business with your company
regularly and which are least likely.
By narrowing your marke1ng target, you are more likely to secure your best accounts and generate dependable, predictable
transac1ons.
Failure to develop well defined personas, can result in fu8le marke8ng aSempts that do not reach the correct audience.
Benefits To Successful Personas Development
• Allow business leaders to connect, relate, and communicate with their clients on a more personal level.
• Proven track record for establishing loyalty, longevity, and overall customer sa8sfac8on.
• If you get to know your clients like you do close friends and family, they will be more likely to recommend your product and/or services to others.
• It will also keep the doors wide open to smoother communica8on when conduc8ng your business transac8ons.
• You will have the tools to iden8fy the specific needs of your clients, and you will know best how to address them.
Marke8ng Personas
Here are just a few examples of how markeFng personas can help you maximize your business capabiliFes. 1. Defining your company’s dis8nguishing quali8es. 2. Shining light on internal changes that might help enhance
current client rela8ons. 3. Determining the most effec8ve ways to present your
company’s brand. 4. Shaping pricing structures, discounts, bundles, etc.
Conclusion
So, not only can the development of marke8ng personas and marke8ng by segmenta8on help businesses shape their
adver8sing and branding tac8cs, but they can help businesses determine the most effecFve business pracFces likely to result
in long term, profitable rela8onships with their clients.
MarketCrest -‐ Plano, TX
MarketCrest is a firm focused exclusively on Marke8ng Consul8ng & Services that drive revenue growth.
Simply, we exist to help business owners promote their products and services online. We measure everything and expect to be held accountable for improved performance. Learn more,
request a free 45 minute consult!