If you do not understand your target audience it does not matter what marketing you do. Regardless of which shiny tools you buy, what marketing rock stars you hire, how good your website is, how pretty your branding is, your company will not achieve its potential.
Understanding your target audience and what makes them feel, think and act is fundamental to the success of every company. This seems obvious, yet so many companies still make assumptions about their target audience.
Many businesses also fall into the trap of relying on old research for too long, internal bias, hearsay, and the viewpoint of just a few 'friendly' customers.
To better understand your customers, we recommend interviewing your closed-won customers and closed-lost prospects, ideally that have gone through the buying process within the last 2 months. Our interviews are designed to understand the buying journey (needs, actions and thought processes) that a customer went through when buying or not buying from you.
We consolidate the interviews and look for similarities and patterns that can build a picture of the ‘typical’ buyer journey and the associated pain points your audience experiences as they navigate this journey.
Survey data is a valuable source of customer insight, but it only gets you so far. First, it only captures responses from customers who opted into the survey – so may have a bias towards a more “friendly” audience. Second, the structured nature of surveys may limit customers to a set of pre-defined responses – it doesn’t capture their true feelings, in their own words. Finally, a conversation (as opposed to formal data collection) allows us to dive deeper into certain areas of interest.