SlideShare ist ein Scribd-Unternehmen logo
1 von 14
Product
Messaging
Crafting a Differentiated
Value Proposition
Gerardo A. Dada
@gerardodada
Useful tools for product marketers
Why is Segmentation andTargeting Important?
• Focus
– You can’t go after all market segments and customers
• All customers are not equal
– Better understanding of your target customers
– Every product offers different value for different customers
– Different lenses, different needs
• Relevance
– Different ways to market to them
– Context is important
– Tools to align your products with the right customers
Without these tools your Marketing will be vanilla: a shotgun approach
Basic Definitions
An industry or universe of buyers
A subset of the market that shares certain characteristics
A small market segment with unique needs
The market segment(s) where a company focuses its efforts
A complete picture of the person making the buying decision
A personification of the buyer profile in a fictional character
Market
Segment
Niche
Target
Buyer profile
Persona
Types of Segmentation
4
DEMOGRAPHICS
Role: Mom, CEO, Student, etc.
Age: Tween ,young families, retirees, etc.
Gender
Income
Geographic, Etc.
ATTITUDINAL
(Psychographic - clusters based on data)
Lifestyle, Personality, Attitude
• Hobbyist, Advanced Amateur, professional
• Soccer mom. Diva, Working professional, Social
• Compulsive, Extrovert, Ambitious, etc.
NEEDS-BASED
What job does the product do for customers?
-Transport 9 kids to school
-Express my individuality/social class/style
-Enjoy driving
-Save money, save the environment
FUTURIST PRAGMATIST LAGGARDTRANSFORMATION
BEHAVIORIAL
How they buy, how often, usage rate, etc.
Hypothetical Example: Bank
Generic message: “We have a great savings/checking account with an ATM card for
you. Get a free toaster when you sign up.”
Segment Need Emotional Need
High School Kids Start saving, build credit
score
Feel special because you
now have a card
College-Bound Students Convenience of ATM,
receive money from
parents, financial
planning
Need to be smart about
my limited budget
Families who are
relocating
Convenience, branch
proximity, more services
Simplicity, time savings
Personas
How do we market to the college student?
Meet Kate
 Lives on a limited budget, supported by her parents
 Spends most of her free time with friends
 Owns a Smartphone, a laptop and a tablet
 Uses Instagram (not so much Facebook or twitter)
 Familiar with BofA, Wells Fargo and Citi
 Concerned about fees and overages
-Personas represent a target segment buyer profile
-Keep it simple, relevant and concise
-Avoid information that is not actionable
Examples
of real-world
explicit personas
Positioning 101
Brands occupy a single position in the
mind of the customer
• Positioning is the marketing effort to influence this
position
• There is only one position for each idea or brand
(you need to give up to own a position)
• Position is relative to competition or alternatives
• Aim for a unique position – differentiation
• Bur differentiation is not enough: good positioning
is differentiated and valuable for your target
customers
= safe
Positioning must align with Strategy
PICK ONE, ANDONLY ONEVALUE DISCIPLINE
Product
Leadership
Differentiation is building your business on a strategy to target a specific type of buyer and offering a
specific value that competitors can’t match
Apple, Mercedes
Nespresso
R&D investment, early adopters,
margins over share, etc.
Customer
Intimacy
Ritz Carlton, Lexus,
Harrah’s
Data, relationship mktg.,
Customer experience, loyalty, etc.
Operational
Excellence
Dell, McDonald’s,
Amazon
Process, metrics, ROI, efficiency,
Cust Acquisition
Messaging inefficiency
Inefficient marketing develop messaging for each deliverable
Website Press Release Collateral Packaging Advertising
Messaging Frameworks
Require more time and intellectual effort up-front. Much more effective and efficient in the
long run
Website Press Release Collateral Packaging Advertising
Messaging Document
Market Research Strategy Target Customer Positioning
Traditional Positioning Statement Framework
Positioning Statement
FOR [target customer] WHO [have specific need]BRAND X IS [position] that [benefit or capability] BECAUSE OF [proof points[
Customer Need 1 Customer Need 2 Customer Need 3
Customer Need
Benefit
Proof Points
Target Customer
Target description
25 Word Description
Value proposition statement in 25 words
50 Word Description
Value proposition statement in 50 words
Useful as a starting point, but slightly academic and incomplete
ComprehensiveValue Proposition and Messaging Doc
Template available here http://www.slideshare.net/gerardodada/product-value-proposition-and-messaging-template-plus-sales-card
A complete template captures customer knowledge and provides
useful information for marketing execution
• Who is the ideal customer
• What problems is he or she trying to solve (JTBD/use cases)
• Where and how they research to solve this problem or need
• Triggers, buying criteria, alternatives
• Key messages, differentiators, proof points, secondary features
@gerardodada
www.TheAdaptiveMarketer.com
THANK
YOU

Weitere ähnliche Inhalte

Andere mochten auch

Building New Product - Product Managers Checklist
Building New Product -  Product Managers ChecklistBuilding New Product -  Product Managers Checklist
Building New Product - Product Managers ChecklistMurali Erraguntala
 
Product Launch Checklist
Product Launch ChecklistProduct Launch Checklist
Product Launch ChecklistDemand Metric
 
4 Effective Product Roadmap Formats
4 Effective Product Roadmap Formats4 Effective Product Roadmap Formats
4 Effective Product Roadmap FormatsUpUp Labs
 
Conducting An Agile Retrospective
Conducting An Agile RetrospectiveConducting An Agile Retrospective
Conducting An Agile RetrospectiveRussell Pannone
 
How to Break the Requirements into User Stories
How to Break the Requirements into User StoriesHow to Break the Requirements into User Stories
How to Break the Requirements into User StoriesShriKant Vashishtha
 
Writing GREAT Agile User Stories
Writing GREAT Agile User StoriesWriting GREAT Agile User Stories
Writing GREAT Agile User StoriesAgileDad
 
Product Canvas Step-by-Step
Product Canvas Step-by-StepProduct Canvas Step-by-Step
Product Canvas Step-by-StepGiulio Roggero
 
The Next Generation IT Department MUST HAVE CLOUD
The Next Generation IT Department MUST HAVE CLOUDThe Next Generation IT Department MUST HAVE CLOUD
The Next Generation IT Department MUST HAVE CLOUDRackspace
 
Unlocked Workshop OSCON 2013 - Part I
Unlocked Workshop OSCON 2013 - Part IUnlocked Workshop OSCON 2013 - Part I
Unlocked Workshop OSCON 2013 - Part IWayne Walls
 
Rackspace::Solve NYC - Solving for Rapid Customer Growth and Scale Through De...
Rackspace::Solve NYC - Solving for Rapid Customer Growth and Scale Through De...Rackspace::Solve NYC - Solving for Rapid Customer Growth and Scale Through De...
Rackspace::Solve NYC - Solving for Rapid Customer Growth and Scale Through De...Rackspace
 
The 5 Pillars of Cloudiness
The 5 Pillars of CloudinessThe 5 Pillars of Cloudiness
The 5 Pillars of CloudinessWayne Walls
 

Andere mochten auch (13)

How to get the most cash for your Junk Car
How to get the most cash for your Junk CarHow to get the most cash for your Junk Car
How to get the most cash for your Junk Car
 
Building New Product - Product Managers Checklist
Building New Product -  Product Managers ChecklistBuilding New Product -  Product Managers Checklist
Building New Product - Product Managers Checklist
 
Product Launch Checklist
Product Launch ChecklistProduct Launch Checklist
Product Launch Checklist
 
4 Effective Product Roadmap Formats
4 Effective Product Roadmap Formats4 Effective Product Roadmap Formats
4 Effective Product Roadmap Formats
 
Conducting An Agile Retrospective
Conducting An Agile RetrospectiveConducting An Agile Retrospective
Conducting An Agile Retrospective
 
How to Break the Requirements into User Stories
How to Break the Requirements into User StoriesHow to Break the Requirements into User Stories
How to Break the Requirements into User Stories
 
Writing GREAT Agile User Stories
Writing GREAT Agile User StoriesWriting GREAT Agile User Stories
Writing GREAT Agile User Stories
 
Product Canvas Step-by-Step
Product Canvas Step-by-StepProduct Canvas Step-by-Step
Product Canvas Step-by-Step
 
The Next Generation IT Department MUST HAVE CLOUD
The Next Generation IT Department MUST HAVE CLOUDThe Next Generation IT Department MUST HAVE CLOUD
The Next Generation IT Department MUST HAVE CLOUD
 
Unlocked Workshop OSCON 2013 - Part I
Unlocked Workshop OSCON 2013 - Part IUnlocked Workshop OSCON 2013 - Part I
Unlocked Workshop OSCON 2013 - Part I
 
Pdhpe
PdhpePdhpe
Pdhpe
 
Rackspace::Solve NYC - Solving for Rapid Customer Growth and Scale Through De...
Rackspace::Solve NYC - Solving for Rapid Customer Growth and Scale Through De...Rackspace::Solve NYC - Solving for Rapid Customer Growth and Scale Through De...
Rackspace::Solve NYC - Solving for Rapid Customer Growth and Scale Through De...
 
The 5 Pillars of Cloudiness
The 5 Pillars of CloudinessThe 5 Pillars of Cloudiness
The 5 Pillars of Cloudiness
 

Ähnlich wie Developing effective messaging and value propositions

Business Development for Small Businesses and Freelancers
Business Development for Small Businesses and FreelancersBusiness Development for Small Businesses and Freelancers
Business Development for Small Businesses and FreelancersJennifer Dodson
 
What the customer wants you to know
What the customer wants you to knowWhat the customer wants you to know
What the customer wants you to knowMoch Kurniawan
 
Business & Marketing Fundamentals
Business & Marketing FundamentalsBusiness & Marketing Fundamentals
Business & Marketing FundamentalsTycoon
 
How to find your target audience for your business.docx
How to find your target audience for your business.docxHow to find your target audience for your business.docx
How to find your target audience for your business.docxiM4U Digital Marketing Agency
 
Week 3: Marketing and Entrepreneurship
Week 3: Marketing and EntrepreneurshipWeek 3: Marketing and Entrepreneurship
Week 3: Marketing and Entrepreneurshiplisahaggis
 
Marketing Concepts Every Business Needs to Know
Marketing Concepts Every Business Needs to KnowMarketing Concepts Every Business Needs to Know
Marketing Concepts Every Business Needs to KnowBLOCKbETA Marketing
 
Angela Ridpath KCDMA Presentation
Angela Ridpath KCDMA PresentationAngela Ridpath KCDMA Presentation
Angela Ridpath KCDMA Presentationkloggia
 
RADAR - CVO as a Service.pptx
RADAR - CVO as a Service.pptxRADAR - CVO as a Service.pptx
RADAR - CVO as a Service.pptxAlexandre Chaves
 
Brand advertising
Brand advertisingBrand advertising
Brand advertisingdeewakar
 
Customer Segmentation
Customer SegmentationCustomer Segmentation
Customer SegmentationCarlos Soares
 
Career Counseling how one can shape his career
Career Counseling how one can shape his careerCareer Counseling how one can shape his career
Career Counseling how one can shape his careerDevKamble1
 
Marketing for Small Business
Marketing for Small BusinessMarketing for Small Business
Marketing for Small BusinessTwoCents Group
 
Downloads abc 2006 - presentation downloads-brand advertising
Downloads abc 2006 - presentation downloads-brand advertisingDownloads abc 2006 - presentation downloads-brand advertising
Downloads abc 2006 - presentation downloads-brand advertisingbikram120
 

Ähnlich wie Developing effective messaging and value propositions (20)

Business Development for Small Businesses and Freelancers
Business Development for Small Businesses and FreelancersBusiness Development for Small Businesses and Freelancers
Business Development for Small Businesses and Freelancers
 
Hot 103-Chapter 14
Hot 103-Chapter 14Hot 103-Chapter 14
Hot 103-Chapter 14
 
What the customer wants you to know
What the customer wants you to knowWhat the customer wants you to know
What the customer wants you to know
 
Business & Marketing Fundamentals
Business & Marketing FundamentalsBusiness & Marketing Fundamentals
Business & Marketing Fundamentals
 
How to find your target audience for your business.docx
How to find your target audience for your business.docxHow to find your target audience for your business.docx
How to find your target audience for your business.docx
 
Week 3: Marketing and Entrepreneurship
Week 3: Marketing and EntrepreneurshipWeek 3: Marketing and Entrepreneurship
Week 3: Marketing and Entrepreneurship
 
Customer Centric Discovery
Customer Centric DiscoveryCustomer Centric Discovery
Customer Centric Discovery
 
Marketing Concepts Every Business Needs to Know
Marketing Concepts Every Business Needs to KnowMarketing Concepts Every Business Needs to Know
Marketing Concepts Every Business Needs to Know
 
Brand planning
Brand planningBrand planning
Brand planning
 
Angela Ridpath KCDMA Presentation
Angela Ridpath KCDMA PresentationAngela Ridpath KCDMA Presentation
Angela Ridpath KCDMA Presentation
 
RADAR - CVO as a Service.pptx
RADAR - CVO as a Service.pptxRADAR - CVO as a Service.pptx
RADAR - CVO as a Service.pptx
 
Day 1 buyer personas content marketing
Day 1  buyer personas content marketingDay 1  buyer personas content marketing
Day 1 buyer personas content marketing
 
Brand advertising
Brand advertisingBrand advertising
Brand advertising
 
UoLCMI Day2
UoLCMI Day2UoLCMI Day2
UoLCMI Day2
 
Customer Segmentation
Customer SegmentationCustomer Segmentation
Customer Segmentation
 
Career Counseling how one can shape his career
Career Counseling how one can shape his careerCareer Counseling how one can shape his career
Career Counseling how one can shape his career
 
UoLCMI Day1
UoLCMI Day1UoLCMI Day1
UoLCMI Day1
 
Lead nurturing success factors
Lead nurturing success factorsLead nurturing success factors
Lead nurturing success factors
 
Marketing for Small Business
Marketing for Small BusinessMarketing for Small Business
Marketing for Small Business
 
Downloads abc 2006 - presentation downloads-brand advertising
Downloads abc 2006 - presentation downloads-brand advertisingDownloads abc 2006 - presentation downloads-brand advertising
Downloads abc 2006 - presentation downloads-brand advertising
 

Kürzlich hochgeladen

A Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainA Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainBanyanbrain
 
Storyboards for my Final Major Project Video
Storyboards for my Final Major Project VideoStoryboards for my Final Major Project Video
Storyboards for my Final Major Project VideoSineadBidwell
 
The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024
The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024
The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024CIO Business World
 
When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...
When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...
When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...LazarinaStoyanova
 
Digital Marketing Courses In Pune- school Of Internet Marketing
Digital Marketing Courses In Pune- school Of Internet MarketingDigital Marketing Courses In Pune- school Of Internet Marketing
Digital Marketing Courses In Pune- school Of Internet MarketingShauryaBadaya
 
Introduction to marketing Management Notes
Introduction to marketing Management NotesIntroduction to marketing Management Notes
Introduction to marketing Management NotesKiranTiwari42
 
Exploring Web 3.0 Growth marketing: Navigating the Future of the Internet
Exploring Web 3.0 Growth marketing: Navigating the Future of the InternetExploring Web 3.0 Growth marketing: Navigating the Future of the Internet
Exploring Web 3.0 Growth marketing: Navigating the Future of the Internetnehapardhi711
 
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdfDigital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdfDemandbase
 
top marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar Ctop marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar CManojkumar C
 
SEO and Digital PR - How to Connect Your Teams to Maximise Success
SEO and Digital PR - How to Connect Your Teams to Maximise SuccessSEO and Digital PR - How to Connect Your Teams to Maximise Success
SEO and Digital PR - How to Connect Your Teams to Maximise SuccessLiv Day
 
5 Digital Marketing Tips | Devherds Software Solutions
5 Digital Marketing Tips | Devherds Software Solutions5 Digital Marketing Tips | Devherds Software Solutions
5 Digital Marketing Tips | Devherds Software SolutionsDevherds Software Solutions
 
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...Hugues Rey
 
Exploring The World Of Adult Ad Networks.pdf
Exploring The World Of Adult Ad Networks.pdfExploring The World Of Adult Ad Networks.pdf
Exploring The World Of Adult Ad Networks.pdfadult marketing
 
Fiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview AssignmentFiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview AssignmentFarrel Brest
 
Master the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdfMaster the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdfHigher Education Marketing
 
Michael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysisMichael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysisjunaid794917
 
McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)DEVARAJV16
 
From Chance to Choice - Tactical Link Building for International SEO
From Chance to Choice - Tactical Link Building for International SEOFrom Chance to Choice - Tactical Link Building for International SEO
From Chance to Choice - Tactical Link Building for International SEOSzymon Słowik
 
What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?Partnercademy
 
Prezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media TrendsPrezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media TrendsCristian Manafu
 

Kürzlich hochgeladen (20)

A Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | BanyanbrainA Comprehensive Guide to Technical SEO | Banyanbrain
A Comprehensive Guide to Technical SEO | Banyanbrain
 
Storyboards for my Final Major Project Video
Storyboards for my Final Major Project VideoStoryboards for my Final Major Project Video
Storyboards for my Final Major Project Video
 
The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024
The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024
The 10 Most Inspirational Leaders LEADING THE WAY TO SUCCESS, 2024
 
When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...
When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...
When to use Machine Learning Models in SEO and Which ones to use - Lazarina S...
 
Digital Marketing Courses In Pune- school Of Internet Marketing
Digital Marketing Courses In Pune- school Of Internet MarketingDigital Marketing Courses In Pune- school Of Internet Marketing
Digital Marketing Courses In Pune- school Of Internet Marketing
 
Introduction to marketing Management Notes
Introduction to marketing Management NotesIntroduction to marketing Management Notes
Introduction to marketing Management Notes
 
Exploring Web 3.0 Growth marketing: Navigating the Future of the Internet
Exploring Web 3.0 Growth marketing: Navigating the Future of the InternetExploring Web 3.0 Growth marketing: Navigating the Future of the Internet
Exploring Web 3.0 Growth marketing: Navigating the Future of the Internet
 
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdfDigital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
Digital Marketing Spotlight: Lifecycle Advertising Strategies.pdf
 
top marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar Ctop marketing posters - Fresh Spar Technologies - Manojkumar C
top marketing posters - Fresh Spar Technologies - Manojkumar C
 
SEO and Digital PR - How to Connect Your Teams to Maximise Success
SEO and Digital PR - How to Connect Your Teams to Maximise SuccessSEO and Digital PR - How to Connect Your Teams to Maximise Success
SEO and Digital PR - How to Connect Your Teams to Maximise Success
 
5 Digital Marketing Tips | Devherds Software Solutions
5 Digital Marketing Tips | Devherds Software Solutions5 Digital Marketing Tips | Devherds Software Solutions
5 Digital Marketing Tips | Devherds Software Solutions
 
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
(Generative) AI & Marketing: - Out of the Hype - Empowering the Marketing M...
 
Exploring The World Of Adult Ad Networks.pdf
Exploring The World Of Adult Ad Networks.pdfExploring The World Of Adult Ad Networks.pdf
Exploring The World Of Adult Ad Networks.pdf
 
Fiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview AssignmentFiverr's Product Marketing Interview Assignment
Fiverr's Product Marketing Interview Assignment
 
Master the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdfMaster the Art of Digital Recruitment in Asia.pdf
Master the Art of Digital Recruitment in Asia.pdf
 
Michael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysisMichael Kors marketing assignment swot analysis
Michael Kors marketing assignment swot analysis
 
McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)McDonald's: A Journey Through Time (PPT)
McDonald's: A Journey Through Time (PPT)
 
From Chance to Choice - Tactical Link Building for International SEO
From Chance to Choice - Tactical Link Building for International SEOFrom Chance to Choice - Tactical Link Building for International SEO
From Chance to Choice - Tactical Link Building for International SEO
 
What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?What’s the difference between Affiliate Marketing and Brand Partnerships?
What’s the difference between Affiliate Marketing and Brand Partnerships?
 
Prezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media TrendsPrezentare Brandfluence 2023 - Social Media Trends
Prezentare Brandfluence 2023 - Social Media Trends
 

Developing effective messaging and value propositions

  • 1. Product Messaging Crafting a Differentiated Value Proposition Gerardo A. Dada @gerardodada Useful tools for product marketers
  • 2. Why is Segmentation andTargeting Important? • Focus – You can’t go after all market segments and customers • All customers are not equal – Better understanding of your target customers – Every product offers different value for different customers – Different lenses, different needs • Relevance – Different ways to market to them – Context is important – Tools to align your products with the right customers Without these tools your Marketing will be vanilla: a shotgun approach
  • 3. Basic Definitions An industry or universe of buyers A subset of the market that shares certain characteristics A small market segment with unique needs The market segment(s) where a company focuses its efforts A complete picture of the person making the buying decision A personification of the buyer profile in a fictional character Market Segment Niche Target Buyer profile Persona
  • 4. Types of Segmentation 4 DEMOGRAPHICS Role: Mom, CEO, Student, etc. Age: Tween ,young families, retirees, etc. Gender Income Geographic, Etc. ATTITUDINAL (Psychographic - clusters based on data) Lifestyle, Personality, Attitude • Hobbyist, Advanced Amateur, professional • Soccer mom. Diva, Working professional, Social • Compulsive, Extrovert, Ambitious, etc. NEEDS-BASED What job does the product do for customers? -Transport 9 kids to school -Express my individuality/social class/style -Enjoy driving -Save money, save the environment FUTURIST PRAGMATIST LAGGARDTRANSFORMATION BEHAVIORIAL How they buy, how often, usage rate, etc.
  • 5. Hypothetical Example: Bank Generic message: “We have a great savings/checking account with an ATM card for you. Get a free toaster when you sign up.” Segment Need Emotional Need High School Kids Start saving, build credit score Feel special because you now have a card College-Bound Students Convenience of ATM, receive money from parents, financial planning Need to be smart about my limited budget Families who are relocating Convenience, branch proximity, more services Simplicity, time savings
  • 6. Personas How do we market to the college student? Meet Kate  Lives on a limited budget, supported by her parents  Spends most of her free time with friends  Owns a Smartphone, a laptop and a tablet  Uses Instagram (not so much Facebook or twitter)  Familiar with BofA, Wells Fargo and Citi  Concerned about fees and overages -Personas represent a target segment buyer profile -Keep it simple, relevant and concise -Avoid information that is not actionable
  • 8. Positioning 101 Brands occupy a single position in the mind of the customer • Positioning is the marketing effort to influence this position • There is only one position for each idea or brand (you need to give up to own a position) • Position is relative to competition or alternatives • Aim for a unique position – differentiation • Bur differentiation is not enough: good positioning is differentiated and valuable for your target customers = safe
  • 9. Positioning must align with Strategy PICK ONE, ANDONLY ONEVALUE DISCIPLINE Product Leadership Differentiation is building your business on a strategy to target a specific type of buyer and offering a specific value that competitors can’t match Apple, Mercedes Nespresso R&D investment, early adopters, margins over share, etc. Customer Intimacy Ritz Carlton, Lexus, Harrah’s Data, relationship mktg., Customer experience, loyalty, etc. Operational Excellence Dell, McDonald’s, Amazon Process, metrics, ROI, efficiency, Cust Acquisition
  • 10. Messaging inefficiency Inefficient marketing develop messaging for each deliverable Website Press Release Collateral Packaging Advertising
  • 11. Messaging Frameworks Require more time and intellectual effort up-front. Much more effective and efficient in the long run Website Press Release Collateral Packaging Advertising Messaging Document Market Research Strategy Target Customer Positioning
  • 12. Traditional Positioning Statement Framework Positioning Statement FOR [target customer] WHO [have specific need]BRAND X IS [position] that [benefit or capability] BECAUSE OF [proof points[ Customer Need 1 Customer Need 2 Customer Need 3 Customer Need Benefit Proof Points Target Customer Target description 25 Word Description Value proposition statement in 25 words 50 Word Description Value proposition statement in 50 words Useful as a starting point, but slightly academic and incomplete
  • 13. ComprehensiveValue Proposition and Messaging Doc Template available here http://www.slideshare.net/gerardodada/product-value-proposition-and-messaging-template-plus-sales-card A complete template captures customer knowledge and provides useful information for marketing execution • Who is the ideal customer • What problems is he or she trying to solve (JTBD/use cases) • Where and how they research to solve this problem or need • Triggers, buying criteria, alternatives • Key messages, differentiators, proof points, secondary features