Monday, January 5, 2009

The Value of a Buyer Persona

Many of you have heard me say that step #1 is to work on your Positioning. Well there is a step #.5, "profiling" or creating Buyer Personas that help identify the ideal prospect for your product or services. 

Before we can figure out what problems we solve with our goods and services, we need to think through the key attributes of the person(s) who would be the buyer/user. The "Whom do we serve?" question gets answered here. The trick is that we need to consider demographic and psychographic information. I was not the one who came up with this philosophy, many good marketing thinkers and a ton of books reference "The Ideal Client" in some way. I like Duct Tape Marketing by John Jantsch. He's smart and makes it sound simple. Read that book.

Consider the following areas when you are building your Buyer Personas:

Demographic:
  • Age
  • Gender
  • Marital status
  • Profession
  • Income
  • Location
Psychographic:
  • Category (Entrepreneur, Manager or Technician)
  • Needs
  • Frustrations
  • Desires
  • Communication methods
  • Decision making process (How do they search for info? Where do they search for info? Do they consult others?)