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                Content Connection Points
      Building a Segmentation Strategy &
      Communicating with Buyer Profiles
                        Ruth P. Stevens
                        ruth@ruthstevens.com
                           @RuthPStevens




B B




           Conference
#B2BContentEvent


          What	
  is	
  a	
  customer	
  segment?	
  
A	
  group	
  with	
  similar	
  wants	
  and	
  needs.	
  
       –  Dis$nct	
  from	
  other	
  segments	
  (different	
  
          segments	
  have	
  different	
  needs)	
  
       –  Homogeneous	
  within	
  the	
  segment	
  
          (common	
  needs)	
  
       –  Responds	
  similarly	
  to	
  market	
  s>mulus	
  
       –  Stable	
  enough	
  to	
  market	
  to	
  	
  
       –  Ac$onable.	
  	
  Can	
  be	
  reached	
  by	
  
          communica>ons	
  and	
  distribu>on	
  channels	
  	
  	
  
       –  Substan$al	
  enough	
  to	
  be	
  profitable	
  
	
  
                                              2	
  
#B2BContentEvent


                 Why	
  segment?	
  
•  Efficient	
  use	
  of	
  limited	
  resources.	
  
    –  Choose	
  the	
  most	
  profitable	
  groups	
  to	
  target	
  
•  Develop	
  effec>ve	
  marke>ng	
  strategies.	
  
    –  Speak	
  to	
  customer	
  needs	
  in	
  a	
  relevant	
  way	
  
•  Monitor	
  success	
  and	
  re-­‐segment	
  as	
  needed.	
  
    –  Con>nuous	
  improvement	
  




                                  3	
  
#B2BContentEvent


    The	
  segmenta>on	
  process
                                	
  
1.  Iden>fying	
  segments	
  within	
  the	
  target	
  
    audience.	
  	
  
2.  Selec>ng	
  target	
  segments.	
  	
  
3.  Crea>ng	
  product	
  mix	
  and	
  communica>ons	
  
    mix	
  for	
  each	
  target	
  segment.	
  
      •  Posi$oning	
  products	
  to	
  serve	
  the	
  segment	
  
      •  Profiling	
  segment	
  to	
  develop	
  impacNul	
  messaging	
  




                                  4	
  
#B2BContentEvent


 Segmenta>on	
  variables	
  for	
  B-­‐to-­‐B	
  
     from	
  Bonoma,	
  Shapiro,	
  “How	
  to	
  Segment	
  Industrial	
  Markets,	
  HBR	
  

•  Demographics	
                            •  Purchasing	
  approaches	
  	
  
   –  industry,	
  company	
  size,	
              –  purchasing	
  func>on,	
  buyer-­‐
      customer	
  loca>on	
                           seller	
  rela>onships,	
  purchasing	
  
•  Opera>ng	
  variables	
                            policies,	
  purchasing	
  criteria	
  
   –  company	
  technology,	
   •  Situa>onal	
  factors	
  	
  
      product/brand	
  use	
         –  urgency	
  of	
  order,	
  product	
  
      status,	
  customer	
             applica>on,	
  size	
  of	
  order	
  
      capabili>es	
              •  Buyers’	
  personal	
  
                                                 characteris>cs	
  
                                                   –  character,	
  approach	
  
#B2BContentEvent

           Defining	
  your	
  target	
  customers	
  
                  for	
  prospec>ng       	
  
                           Characterize	
  your	
  target,	
  by	
  key	
  
                           variables:	
  
                                   –  Industry	
  	
  
                                   –  Company	
  size	
  
                                   –  Job	
  >tle/func>on	
  
                                   –  Other	
  	
  (but	
  make	
  sure	
  it’s	
  ac#onable).	
  

                            	
  

April	
  26,	
  2012	
                                                                               6	
  
#B2BContentEvent



Understand	
  the	
  needs	
  of	
  your	
  target
                                                 	
  
Sources	
  of	
  insight:	
  
•  Talk	
  to	
  sales	
  people	
  and	
  customer	
  service	
  staff	
  
•  Primary	
  research	
  	
  
         –  Online	
  	
  
         –  Focus	
  groups	
  or	
  one-­‐on-­‐one	
  interviews	
  
         –  Surveys	
  	
                                      NEEDS:	
  Examples	
  
•        Advisory	
  board	
                               •  Solve	
  a	
  problem	
  
                                                           •  Gain	
  recogni>on	
  
                                                           •  Save	
  >me,	
  money	
  
                                                           •  Increase	
  produc>vity	
  

April	
  26,	
  2012	
                                                                      7	
  
#B2BContentEvent


                               Create	
  “personas”	
  
                                                   	
  
•  Persona:	
  A	
  fic>onal	
  character	
  represen>ng	
  a	
  target	
  
   segment.	
  
            –  Aka	
  “profile.”	
  
•  Useful	
  in	
  cracing	
  relevant	
  messaging	
  and	
  
   mo>va>onal	
  offers.	
  	
  	
  
                           Meet	
  Joe.	
  	
  He's	
  owner	
  and	
  CEO	
  of	
  a	
  growing,	
  mid-­‐sized	
  stock	
  
                           brokerage	
  	
  company.	
  	
  Joe	
  is	
  	
  a	
  gregarious	
  guy,	
  	
  married,	
  with	
  two	
  
                           children.	
  	
  His	
  wife	
  works,	
  so	
  there’s	
  always	
  more	
  to	
  get	
  done	
  in	
  the	
  
                           day	
  than	
  they	
  can	
  handle.	
  	
  Joe	
  wears	
  a	
  suit	
  to	
  the	
  office,	
  but	
  is	
  
                           actually	
  more	
  comfortable	
  in	
  casual	
  clothes.	
  	
  	
  He	
  drives	
  a	
  roomy	
  4-­‐
                           door.	
  	
  In	
  the	
  downturn,	
  his	
  company	
  took	
  quite	
  a	
  hit,	
  so	
  he’s	
  looking	
  
                           for	
  ways	
  to	
  get	
  back	
  on	
  track	
  and	
  run	
  the	
  business	
  more	
  efficiently,	
  
                           using	
  technology.	
  	
  	
  	
  	
  


April	
  26,	
  2012	
                                                                                                                        8	
  
#B2BContentEvent


                           Tech	
  influencer	
  persona	
  
                                                       	
  
                             Meet	
  Stan.	
  	
  He's	
  database	
  administrator	
  at	
  a	
  large	
  manufacturing	
  
                             company	
  in	
  suburban	
  Illinois.	
  	
  Stan	
  is	
  	
  single,	
  and	
  lives	
  in	
  a	
  rental	
  
                             apartment	
  with	
  his	
  two	
  dogs.	
  	
  On	
  weekends,	
  he	
  favors	
  day	
  hiking	
  
                             and	
  watching	
  his	
  favorite	
  sports	
  teams	
  on	
  Internet	
  television.	
  	
  	
  He’s	
  
                             a	
  gadget-­‐lover,	
  and	
  early	
  adopter	
  of	
  consumer	
  electronics.	
  	
  He	
  
                             never	
  wears	
  a	
  suit	
  to	
  the	
  office.	
  He	
  drives	
  a	
  late-­‐model	
  SUV.	
  	
  Stan	
  
                             appreciates	
  how	
  people	
  in	
  his	
  company	
  are	
  always	
  asking	
  him	
  for	
  
                             tech	
  advice.	
  	
  His	
  company	
  understands	
  the	
  value	
  of	
  technology	
  in	
  
                             gaining	
  a	
  compe##ve	
  manufacturing	
  	
  edge.	
  	
  	
  	
  	
  




April	
  26,	
  2012	
                                                                                                                      9	
  
#B2BContentEvent


             Talking	
  their	
  language	
  

Tech buyer     Easy to install. No downtime. End-users won’t
               complain. I can look like a hero.
               “Spend less.”
Business       Easy to use. Will save us time and money. Help
buyer          me get the job done. I can look smart.
               “Sell more.”
#B2BContentEvent


   Example:	
  Relevant	
  messaging	
  
Tech	
  buyer	
  
                             Business	
  buyer	
  
#B2BContentEvent

Strategic	
  applica>ons	
  of	
  content	
  
     by	
  marke>ng	
  objec>ve	
  

   1.  Thought	
  leadership	
  
   2.  Lead	
  genera>on	
  
   3.  Rela>onship	
  management	
  
#B2BContentEvent
       Case	
  study	
  in	
  thought	
  leadership	
  
                                                   	
  
Maddock	
  Douglas	
  in	
  conversa>on	
  
#B2BContentEvent

Blog	
  is	
  promoted	
  by	
  Twiier
                                     	
  
 
             Case	
  study	
  in	
  lead	
  genera>on      #B2BContentEvent


                                                     	
  
Box	
  targets	
  mid-­‐market	
  business	
  managers
#B2BContentEvent
        Case	
  study	
  in	
  rela>onship	
  management
                                                       	
  
HP	
  delivers	
  dynamic	
  newsleier	
  content	
  




                                                         Results:	
  	
  
                                                         •  18%	
  overall	
  traffic	
  	
  
                                                         •  Open	
  rate	
  +	
  300%	
  
                                                         •  CTR	
  +600%	
  
#B2BContentEvent


                    Thank	
  you	
  




ruth@ruthstevens.com	
  

@RuthPStevens	
  
                               Visit	
  MaximizingLeadGenera>on.com	
  
                               for	
  a	
  free	
  sample	
  chapter.	
  
#B2BContentEvent

Buyers	
  rely	
  on	
  content	
  more	
  than	
  ever
                                                      	
  
   “Very”	
  or	
  “extremely”	
  influen>al	
  over	
  final	
  purchase	
  decision.	
  




            Source:	
  Eccolo	
  Media	
  2011	
  B2B	
  Technology	
  Collateral	
  Survey	
  
            	
  
#B2BContentEvent




        19	
  

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Building A Segmentation Strategy & Communicating With Buyer Profiles In Relevant Ways

  • 1. #B2BContentEvent Content Connection Points Building a Segmentation Strategy & Communicating with Buyer Profiles Ruth P. Stevens ruth@ruthstevens.com @RuthPStevens B B Conference
  • 2. #B2BContentEvent What  is  a  customer  segment?   A  group  with  similar  wants  and  needs.   –  Dis$nct  from  other  segments  (different   segments  have  different  needs)   –  Homogeneous  within  the  segment   (common  needs)   –  Responds  similarly  to  market  s>mulus   –  Stable  enough  to  market  to     –  Ac$onable.    Can  be  reached  by   communica>ons  and  distribu>on  channels       –  Substan$al  enough  to  be  profitable     2  
  • 3. #B2BContentEvent Why  segment?   •  Efficient  use  of  limited  resources.   –  Choose  the  most  profitable  groups  to  target   •  Develop  effec>ve  marke>ng  strategies.   –  Speak  to  customer  needs  in  a  relevant  way   •  Monitor  success  and  re-­‐segment  as  needed.   –  Con>nuous  improvement   3  
  • 4. #B2BContentEvent The  segmenta>on  process   1.  Iden>fying  segments  within  the  target   audience.     2.  Selec>ng  target  segments.     3.  Crea>ng  product  mix  and  communica>ons   mix  for  each  target  segment.   •  Posi$oning  products  to  serve  the  segment   •  Profiling  segment  to  develop  impacNul  messaging   4  
  • 5. #B2BContentEvent Segmenta>on  variables  for  B-­‐to-­‐B   from  Bonoma,  Shapiro,  “How  to  Segment  Industrial  Markets,  HBR   •  Demographics   •  Purchasing  approaches     –  industry,  company  size,   –  purchasing  func>on,  buyer-­‐ customer  loca>on   seller  rela>onships,  purchasing   •  Opera>ng  variables   policies,  purchasing  criteria   –  company  technology,   •  Situa>onal  factors     product/brand  use   –  urgency  of  order,  product   status,  customer   applica>on,  size  of  order   capabili>es   •  Buyers’  personal   characteris>cs   –  character,  approach  
  • 6. #B2BContentEvent Defining  your  target  customers   for  prospec>ng   Characterize  your  target,  by  key   variables:   –  Industry     –  Company  size   –  Job  >tle/func>on   –  Other    (but  make  sure  it’s  ac#onable).     April  26,  2012   6  
  • 7. #B2BContentEvent Understand  the  needs  of  your  target   Sources  of  insight:   •  Talk  to  sales  people  and  customer  service  staff   •  Primary  research     –  Online     –  Focus  groups  or  one-­‐on-­‐one  interviews   –  Surveys     NEEDS:  Examples   •  Advisory  board   •  Solve  a  problem   •  Gain  recogni>on   •  Save  >me,  money   •  Increase  produc>vity   April  26,  2012   7  
  • 8. #B2BContentEvent Create  “personas”     •  Persona:  A  fic>onal  character  represen>ng  a  target   segment.   –  Aka  “profile.”   •  Useful  in  cracing  relevant  messaging  and   mo>va>onal  offers.       Meet  Joe.    He's  owner  and  CEO  of  a  growing,  mid-­‐sized  stock   brokerage    company.    Joe  is    a  gregarious  guy,    married,  with  two   children.    His  wife  works,  so  there’s  always  more  to  get  done  in  the   day  than  they  can  handle.    Joe  wears  a  suit  to  the  office,  but  is   actually  more  comfortable  in  casual  clothes.      He  drives  a  roomy  4-­‐ door.    In  the  downturn,  his  company  took  quite  a  hit,  so  he’s  looking   for  ways  to  get  back  on  track  and  run  the  business  more  efficiently,   using  technology.           April  26,  2012   8  
  • 9. #B2BContentEvent Tech  influencer  persona     Meet  Stan.    He's  database  administrator  at  a  large  manufacturing   company  in  suburban  Illinois.    Stan  is    single,  and  lives  in  a  rental   apartment  with  his  two  dogs.    On  weekends,  he  favors  day  hiking   and  watching  his  favorite  sports  teams  on  Internet  television.      He’s   a  gadget-­‐lover,  and  early  adopter  of  consumer  electronics.    He   never  wears  a  suit  to  the  office.  He  drives  a  late-­‐model  SUV.    Stan   appreciates  how  people  in  his  company  are  always  asking  him  for   tech  advice.    His  company  understands  the  value  of  technology  in   gaining  a  compe##ve  manufacturing    edge.           April  26,  2012   9  
  • 10. #B2BContentEvent Talking  their  language   Tech buyer Easy to install. No downtime. End-users won’t complain. I can look like a hero. “Spend less.” Business Easy to use. Will save us time and money. Help buyer me get the job done. I can look smart. “Sell more.”
  • 11. #B2BContentEvent Example:  Relevant  messaging   Tech  buyer   Business  buyer  
  • 12. #B2BContentEvent Strategic  applica>ons  of  content   by  marke>ng  objec>ve   1.  Thought  leadership   2.  Lead  genera>on   3.  Rela>onship  management  
  • 13. #B2BContentEvent Case  study  in  thought  leadership     Maddock  Douglas  in  conversa>on  
  • 15.   Case  study  in  lead  genera>on #B2BContentEvent   Box  targets  mid-­‐market  business  managers
  • 16. #B2BContentEvent Case  study  in  rela>onship  management   HP  delivers  dynamic  newsleier  content   Results:     •  18%  overall  traffic     •  Open  rate  +  300%   •  CTR  +600%  
  • 17. #B2BContentEvent Thank  you   ruth@ruthstevens.com   @RuthPStevens   Visit  MaximizingLeadGenera>on.com   for  a  free  sample  chapter.  
  • 18. #B2BContentEvent Buyers  rely  on  content  more  than  ever   “Very”  or  “extremely”  influen>al  over  final  purchase  decision.   Source:  Eccolo  Media  2011  B2B  Technology  Collateral  Survey