Three steps to profile your B2B customers
Knowing your customers implies that you know
your business. If you understand exactly who your
customers are, you can target your marketing activities
and personalize each message to get better results.
Here’s how you can accurately profile and
create marketing niches within your target audiences.
Step one: Get the facts right
Collate complete information about your existing
b2b customers. This should include all of the
following:
- Name
- Gender
- Job title
- Address
- Country
- Company name
- Company revenue
- Number of employees
- Industry
- SIC code
When your database is updated and complete, you
will get the real version of the truth.
Step two: Segregation
The most obvious segregation could be based
on any of the following:
- Male/female ratio (not very important for
b2b customers)
- Key decision maker
- Geo wise
- Company revenue-wise
- Company size based
- Industry-wise
Although, these are common niches, but you never
know where your market insight lies. Some records
may appear in multiple groups, you need to analyze
each group to look for any lurking similarities.
You can add more groups based on you business
necessities.
Step three: Interesting insights
Try to collect interesting insights about your
customers, such as:
- What triggers their buying behavior?
- What features of your product/service do
they use/like the most?
- How are they benefited through your product
or service?
- What do they do in their free time?
- What is their education status?
- Which sport are they interested in?
There could be millions of possible demographic
questions; choose the ones that suit your business
needs. This is a critical task – you can
even take help of professional media managers
or marketing experts. Once your profiling is done, you can identify
which groups have performed better and which groups
are inactive. 20% of your customers make for 80%
of your business – customer profiling is
the only sure-shot way to find out what type of
people comprise that 20%, so that you can target
similar profiles in future and generate greater
returns out of your marketing campaign by reaching
the right people. |