A buyer
persona is a composite representation of a customer that aggregates the
attributes and demographics of a segment of target customers. Attributes are
based on market research and data on the company's existing customer base.
As companies create their buyer personas, they should consider
factors such as customer demographics, customer preferences and behavior
patterns, motivations and goals. Behavior and preferences may be indicated
through digital communications such as browsing behavior on a company's website
or items chosen in a shopping cart, items that users click on in newsletters as
indicated by marketing automation software, or preferences as expressed in
customer satisfaction surveys and customer valuations.
Companies also need to develop buyer personas based on
customers' activities in various communications channels, including company
websites, live chat windows, social media platforms, mobile devices and email.
Customer journey mapping may also help companies develop these personas.
Buyer personas provide insight to a company about how to market
and sell to these various customer segments. By indicating customer preferences
and needs, buyer personas can guide a company in where to focus resources to
increase sales or which products to develop. Personas also help companies
tailor and personalize their messages to these customer or prospect segments.
Buyer personas enable companies to engage in forward-looking
activities as well, such as predictive analytics. Once a company builds
composite persons, it can employ predictive algorithms to predict future
behavior.
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