Archive for the 'Segmentation' Category

A practical example of creating a relevant dialogue

Justin.King November 7th, 2008

I have been working with a major brand that sells specialty tools to contractors (plumbers, electricians, etc.).  They are planning on launch on a new product, and my agency Rosetta is putting together the product launch plan and digital marketing approach.

Partnering
We are working with the companies traditional agency of record, as they have no true interactive marketing capabilities.  This has been an excellent process, of which I would like to dedicate another post to.

Research
Together with the traditional agency, we did quite a bit of customer research, talking to prospective customers, conducting online surveys, and talking to editors of trade magazines.  Through the research we found that the customers of this new product had some significant challenges in front of them.

  • the economy is affecting their business tremendously especially with the slow down of new residential and renovations
  • green and energy efficient is on everyone’s minds, but most don’t know how to take advantage of it
  • because of the economy, contractors are trying to find new ways to sustain their businesses

What we found
In our quest to be relevant, we also faced challenges.  What was easy to do for the client was to create a microsite with the typical features | benefits | case studies information.  As I probed deeper and deeper, we kept asking the question what does your customer care about.  The answer was simple – the customer wants to be able to make more money in this down economy.  They are not sophisticated enough to determine ROI – they just care about the R (Revenue).  Therefore our content that we provided needed to be focused around solving this core problem of making more money for the contractor.

Lead generation
The goal for the product launch was to create a lead engine that could attract prospective buyers and in the end create sales-ready leads that were ready to be engaged by a salesman who could close the deal.  To get those leads, we knew we had to give the contractor something of value so that we had the right to ask for a name and email address (simple forms for landing page optimization).  Going back to our research, we decided to create white papers and eBooks around “How to make more money in a down economy”.  We are now going to tailor those to each primary segment and personality profile that we have identified.  So we will have “4 ways for HVAC contractors to heat up your business in a down economy” and elements like that.  The information is simple, not product focused and has a lot of value – no marketing propaganda.

What’s next?  We are now working on the nurturing approach to turn them from leads to sales-ready prospects.

Creating a relevant dialogue is critical.  Here are a few practical strategies to keep your content relevant.

The Wayne Gretzky Principle

Justin.King November 7th, 2008

“I skate to where the puck is going to be, not to where it has been.“  Wayne Gretzky

I have been using this phrase a lot with clients lately (as a result of a colleague using it in a pitch).  With the economy in turmoil, it is important to look into the future and figure out where you need to skate to get to the puck.

Referencing my simple B2B philosophy, point number two is “Meet your customers wherever they are at”.  I should probably add to that and say “Wherever they are going to be”.  Once you understand your customers, how they buy, why they buy, what their perceived needs are, and who is meeting those needs, you can then start asking where are my customers at?  Once you know where your customers are at and where they are going, you can put a plan in place to go out and meet them.  Meeting them is action and requires you and your organization to mobilize and invite them into a relevant dialogue with your organization.

In my own conversations lately, I keep asking the question of where are your customers and where are they going?  It’s a basic question, but the answers are critical to determining what we are actually going to do online.

10 great questions to begin asking when segmenting b2b customers

Justin.King November 5th, 2008

Who are the decision makers?

  • What is the most relevant way to segment buyers of your service?
  • What types of companies are best suited for your service?
  • What types of decision makers exist in each organization?
  • How many exist?

What do they need and why?

  • What of your types of services do they use today and why?
  • What triggers the consideration for new / improved services?
  • What are the evaluation / purchase criteria for each segment?
  • What are the needs of each segment?  Which of these needs are met / unmet?