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Qualified Sales Leads Tighter Targeting

Tighter Targeting. Market dynamics ◦ Customer, company, competitor triangle Core strategy ◦ Commodity / niche Innovation ◦ Complexity science

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Page 1: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

Qualified Sales LeadsTighter Targeting

Page 2: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

Frameworks to this point Market dynamics

◦ Customer, company, competitor triangle Core strategy

◦ Commodity / niche Innovation

◦ Complexity science Temperament

◦ Left and right handed preferences Qualified sales leads

Page 3: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

Our Basic Marketing Framework

Who are we looking for? (profile) Where are they? (address or watering hole) How will we reach them? (media) What will we tell them? (motivation)

Page 4: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

◦ Descriptors and Characteristics that are common to all your customers

Demographics

Psychographics (lifestyles)

Temperament

Industry code

Developing a Market Profile

Page 5: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

Running gear for women

Age, sex, income◦ “female, age 21-35, HH income over $50k”

List will come from census data◦ Assumes age/ sex / income are good proxies for

needs and desires

◦ Fairly course distinction

A Demographic Profile

Page 7: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

Retirement facility in Littleton Targeted toward “active seniors” Low leasing activity Profile of existing tenants

◦ Military! Teachers, police, bankers Security was major attraction

◦ Re-orient marketing◦ Lists: temperament proxies

A Temperament Profile

Page 9: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

NAICS code Purchasers of a product A title

◦ Mine manager Developers of new ports and harbors

An Industry Profile

Page 10: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

Demographically Lifestyle Consumer expenditures Proxy groups Industry codes Watering holes Giving off signals

Where are they?

Page 11: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

Demographics by Neighborhoods

Page 12: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

Lifestyles by Neighborhoods

Page 13: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

Consumer Expenditures

Page 15: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

Use a broad net◦ or

Single out each one◦ or

Wait until evening◦ They all congregate at

a watering hole

The Watering Hole

Page 16: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

Internet support group for learning disabilities

Back pain searches on Google Linked-In group for federal govt. contractors

Typical watering holes

Page 17: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

Relationship businesses◦ Focuses on the people doing the work◦ Often in consulting and non-product businesses◦ Chain of trust is important

Transactional businesses◦ Focuses on the product◦ Does not depend on the personal relationship◦ Does require generic good customer service

Personal or Impersonal?

Page 18: Tighter Targeting.  Market dynamics ◦ Customer, company, competitor triangle  Core strategy ◦ Commodity / niche  Innovation ◦ Complexity science

To be continued….

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