In parts one and two of this five-part series, we uncovered what a buyer persona is and why you need to identify it. To recap, your buyer persona encompasses three essential components: buyer profile, psychographics, and buying insight. Your buyer profile lists the basics such as name, age, and gender. Psychographics takes it one step further by diving into your customer’s personalities, values, and lifestyles. Buying insight is the missing component; it describes the when, how, and why aspects of someone’s decision to buy from you.
All three components are important because they allow you to use your finances effectively and reach your target audience successfully.
However, buying insights often cause the most confusion. Let’s explore what a buyer insight profile identifies and why it’s vital in understanding your buyer persona.
What A Buyer Insight Profile Identifies
A buyer insight profile identifies the inconspicuous elements of a buyer that are barely noticeable. These elements will contribute to a deeper understanding of your buyers and can help your business grow, if used effectively. Here are five elements your buyer insight profile should identify:
Priorities explain the most important reason a buyer chooses a solution. This also tells you when buyers are most receptive to hearing your message and what will most likely trigger a decision.
Success factors describe the results the buyer expects from your solution – what is most important to them in determining if your solution is a good fit.
Barriers outline what is preventing buyers from using your solution. Once you know what they are, you can speak to them directly and offer reassurance (i.e. bad previous experience or negative impression of your product).
Journey describes the process consumers take to arrive at a solution. This also identifies who is involved in the buying decision and how much influence each person has.
Decision criteria allows you to discover which aspects of your solution they evaluated in making their decision.
How Buyer Insights Help You Make Decisions
So, the big question remains – why invest hours of research determining your buyer insight profile? Determining your buyer insights will help you make decisions to accelerate the growth and success of your company. Buyer insights will also:
- Improve your messaging and advertising
- Generate better leads
- Shorten sales cycle
- Separate you from competitors
- Target the decision maker
Does this sound too good to be true? We promise it’s not. With the right direction and intentional steps, you can reach your buyers on a new level and fast-track your company’s profit and success.
This article is part three of our five-part series on buyer personas:
- Part 1: What is a Buyer Persona?
- Part 2: Why You Need to Identify Your Buyer Persona
- Part 3: 5 Ways Buying Insights Help You Make Decisions
- Part 4: How to Create a Buyer Persona
- Part 5: Establishing Your Buyer Persona
How M&R Marketing Can Help
A marketing strategy focused on your target audience will help you use your finances more effectively and produce visible results. If you’re unsure about where to start, reach out to our team. We’re obsessed with your success! We can guide you through a marketing strategy and implement it to ensure you are reaching your target audience.
Do you have questions about our marketing services? Give us a call at 478-621-4491, and for more helpful tips, make sure you sign up for our eNewsletter.