In B2B marketing and sales, understanding which companies need your solution is important, but companies don’t sign checks, people do. People have hopes, fears, responsibilities and ideas. And, as a marketer or seller, your job is to connect your solution to their pain in a way they can receive. Further complicating this already challenging task is that in B2B purchase cycles, rarely will a single person make the decision. Rather, a group of people will make the decision together in what’s called a buying committee. How many people varies by your product or service, size of company and other factors, but Gartner found on average, 7-8 people are actively involved in the decision with 6-7 additional folks adding their opinions occasionally.
This lends the question, how do you identify the buying committee at your target accounts? And how do you create buyer personas that can efficiently and effectively connect your message to their pain?
Armed with the information from the below, you’ll know exactly how to craft high-impact, influential campaigns – because you’ll understand your buyers’ challenges, pain points and goals. In fact, buyer personas offer several tangible benefits that can transform your campaigns.
Go Beyond Assumptions
I think most of us rely on assumptions more than we realize. It’s easy to piece a few clues together and assume we understand our true audience and their buying habits. And all too often, we fail to notice that outdated personas are no longer relevant. Creating in-depth buyer personas will often shatter our superficial demographic assumptions and reveal surprising buyers with unexpected motivations.
Break Down Existing Categories
If your company sells software that manages medical practices, you might think you understand the needs and challenges faced by the buying committee which likely includes doctors and healthcare administrators. But by analyzing real data and talking with customers about their daily lives, you’ll have more insight into which physicians and administrators need to receive which messages. A doctor in a private, small-town practice will probably have very different challenges, goals and budgets than a large hospital administrator. Outlining those differences can help you inject a precision and relevance into your hooks instead of wasting the wrong message on prospects.
Reveal Hidden Barriers to Purchase
Buyer personas don’t simply reveal why customers are buying your product; they can also reveal hidden barriers to purchase. I’d rather not detail the number of deals throughout my career I’ve seen killed by some unnamed buying committee member that we didn’t do a good job identifying to begin with.
By digging into their true priorities, you may discover that a certain persona is looking for safety when buying a car, and therefore hasn’t responded to your car campaigns that emphasize style and status. Now you’ll be able to develop a campaign advertising the safety of your cars and enjoy sales from an entirely new audience.
Personas are also helpful in situations where purchasing decisions are influenced by multiple personas in the buying committee (the lighter shaded folks in the graphic above). By outlining the perceptions, power and needs each person brings to the table, you can be surprised to discover the real influencer. It may not always be the executive with the highest title or the person with final purchasing power. The true influencer may be someone deep in the decision process. Identifying that person is critical for tailoring campaigns that hit the mark, as they’re the people who need to be convinced.
Obtain Product Insight
Buyer personas aren’t just for cultivating new leads, but also deepening engagement with current buyers. The same analysis that reveals struggles and goals can reveal features and products customers are using and which they’re not – providing a foundation for upsell or cross-sell opportunities.
Provide a Funnel Framework
Complete buyer personas provide a framework for addressing leads at each stage of the process. By knowing each persona’s questions in the initial stages and the internal justifications they need to make, you’ll be able to map content to their needs at each specific stage.
Align Sales and Marketing
Buyer personas aren’t just for the marketing department. If a sales rep receives a new lead and identifies it as a specific persona, that rep now understands how to approach the lead and what kind of strategy to adopt.
Ultimately buyer personas help you develop meaningful and appealing content by putting you in the shoes of your audience. By understanding your buyers inside and out, you’ll be able to frame the message from their perspective. Crafting relevant content involves more than simply mentioning a customer pain point; adopting a certain voice, style, design and topic are all vital elements in delivering relevant and memorable content.
So while you’ll still want to pay attention to industry trends and high-level data, don’t forget to use buyer personas in your strategies. There’s no better tool to help you reach into the mind of a prospect and help them make that important final purchasing decision.
More on Personas
This may sound easy, but many organizations have buyer personas and buying committee insights that exist as Powerpoints that no one uses. Check out this article which details how to take buyer personas from a document on your desktop to something you use in every motion.
Meet Justin Gray
Justin is a serial entrepreneur and the CEO and founder of LeadMD, the world’s largest revenue operations agency having implemented over half of the Marketo user base. Justin has made a career of launching successful companies and scaling them, with successful exits of over 200MM+ in the last decade. Justin’s latest endeavor launched in 2016 when he co-founded Six Bricks an online learning startup designed to combat employee and customer churn through experience-based education. Over the past 10 years, Justin has emerged as a strong voice for entrepreneurship, marketing and culture. As a recognized speaker, Justin has been published over 350 times in industry publications and holds his own column, Tribal Knowledge in Inc., while writing for Entrepreneur, Tech Crunch and others. Justin and his wife Jennifer met over marketing and three years later welcomed their son, Grayson, into the world in April of 2017.