Buyer Personas to Improve Conversion Rates

Post on 14-Jan-2017

302 views 0 download

Transcript of Buyer Personas to Improve Conversion Rates

Use Buyer Personas or Lose sales

Who am I?

https://www.linkedin.com/in/depeshmandalia

What is a Buyer Persona?

Use Buyer Personas or Lose sales

Buyer Persona

Who buyers are?

What are their goals?

How they think and, buy?Why they make such buying decisions?

Where do they buy?

When do they decide to buy?

Buyer Personas

● They are based on grouped attributes○ Demographics○ Needs, preferences and motivations○ Other areas related to your business

● They are not segments

● They are models / representations / views

Use Buyer Personas or Lose sales

This is not a persona

Use Buyer Personas or Lose sales

Our target customer

This is also not a persona

Use Buyer Personas or Lose sales

This is a persona

Use Buyer Personas or Lose sales

Segments and Personas work together to improve your marketing

“Segments help you identify your target consumer”

“Personas help you communicate better with them”

Use Buyer Personas or Lose sales

Why do you need “Personas”?

Use Buyer Personas or Lose sales

Spray and pray - it ain’t pretty

Use Buyer Personas or Lose sales

Targeted customers

Use Buyer Personas or Lose sales

Collecting data for Personas

1. You

2. Your customers

3. Non-customers

4. National statistics data

Use Buyer Personas or Lose sales

Real-life application

How a UK hotel company

Increased conversion 100%

Use Buyer Personas or Lose sales

What we did

● Online survey + national statistics to create Buyer Personas

● Matched intent vs action for tracking

● Enhanced the user journey with AB testing to meet the needs of each persona

● Resulted in a doubling of the online conversion rate

Use Buyer Personas or Lose sales

Conducted a website survey

Use Buyer Personas or Lose sales

BEGINNER +

TECHNIQUE

Started with a simple question

‘What is the reason for your visit today?’

Use Buyer Personas or Lose sales

What is the reason for your visit today?

Use Buyer Personas or Lose sales

Conducting the intent survey

The second question:

‘Are you likely to book a break online today?’

Use Buyer Personas or Lose sales

Understood visitor interactions against our KPIs

15/11/2011

Use Buyer Personas or Lose sales

Conducting the intent survey

The final question was open ended:

‘Is there anything you couldn’t find or needed more information on?’

Use Buyer Personas or Lose sales

Conducting the intent survey

Whilst we asked 3 questions we also collected some additional information

We asked for their gender, DOB and postcode...

Use Buyer Personas or Lose sales

Got data. Now what?

Needed to make sense of the data in context of user journeys

Use Buyer Personas or Lose sales

Buyer personas

3 Buyer Personas were enough to help understand intent and action.

15/11/2011

Use Buyer Personas or Lose sales

Product & Content Consumers

Price & Offer Prospects

Online Bookers

INTERMEDIATE

TECHNIQUE

Enhanced using external data

Use Buyer Personas or Lose sales

ADVANCED

TECHNIQUE

via: http://www.ons.gov.uk/ons/guide-method/census/index.html

Example profiles via CACI/Acorn

Use Buyer Personas or Lose sales

Reshaping Personas via Segments

15/11/2011

Use Buyer Personas or Lose sales

Less affluent older customers

Low affluence younger customers

Affluent older customers

Young affluent customers

Blues Greens

RedsYellows

Life-stage

Aff

lue

nc

e

Segmentation

Use Buyer Personas or Lose sales

Our target customer

Evaluating our online strategy

○ Focus on Greens and Blues

○ Product pivot for Yellows and Reds

○ Build the online experience to match expectations

○ The ‘female’ Green was our primary target and drove growth marketing decisions

15/11/2011

Use Buyer Personas or Lose sales

Blues

Greens

RedsYellows

Product & Content Consumers

Discovery○ Who are [brand]?○ Is [brand] hotels right for me?○ What type of people go?○ Why should I book with you?

Research○ What’s on offer?○ Where can I go?○ When can I go?○ What can I do?

○ Roughly how much?○ Can I compare hotels/resorts?

15/11/2011

Use Buyer Personas or Lose sales

Blues

Greens

Reds

Yellows

Use Buyer Personas or Lose sales

Matching funnel KPIs to Personas

15/11/2011

Use Buyer Personas or Lose sales

Phew!

Use Buyer Personas or Lose sales

Example of applied Buyer Personas

15/11/2011

Use Buyer Personas or Lose sales

CONTROL CHALLENGER

Example of applied Buyer Personas

15/11/2011

Use Buyer Personas or Lose sales

CONTROL CHALLENGER

Product & Content Consumers

Price & Offer Prospects

Online Bookers

Example of applied Buyer Personas

15/11/2011

Use Buyer Personas or Lose sales

CONTROL CHALLENGER

Product & Content Consumers

Price & Offer Prospects

Online Bookers

Bookings up 7%

How we doubled sales

Reviewed the user journey reflecting the needs of each persona

Over a period of 6 months improved

conversion through each step of the

journey by communicating better with

our Buyer Personas

Use Buyer Personas or Lose sales

Customer experience framework

15/11/2011

Use Buyer Personas or Lose sales

Conversion

Toolkit

Reporting & Insight

Customer Experience

Test & Learn

Develop & Improve

Split testing

Session Capture

Online Survey

Landing Pages

Campaigns

Merchandising

BI/CRM“Call Tracker”

Creative

MVT

Focus groups Lab tests

Functionality development

Site structure, IA

Behavioural targeting

Designs

Product

AnalyticsPersonas

Promotions

5 Key takeaways

1. Use website surveys, now2. Create personas using whatever resource you can

Try https://xtensio.com/user-persona

Think like your customer

Solve their problems and improve their experience

3. Map your communications to personas

Landing page experience

Visual and written communications

Tools & features

4. Measure, test and learn5. Evolve and grow!

Use Buyer Personas or Lose sales

END.

15/11/2011

Use Buyer Personas or Lose sales

by Depesh Mandalia

Growth Marketer, Consultant and Advisor

@depesh

in/depeshmandalia

Created on behalf of WebEngage, a Multi-channel User Engagement Platform for businesses of all sizes. Experts in customer engagement.