Ideal Customer Profile
So. You haven't ICP or created and forgot about it.
Let's break down how much money you might be losing. Each marketing effort that misses its intended audience, because it's not targeted, is a huge probability of losing money. Because you're shooting blind is basically money down the drain.
And on that point, I usually hear from clients two things. What exactly do I mean when I say Ideal Customer Profile (read What is Ideal Customer Profile or Buying Persona?) And how do I choose criteria for your Ideal Customer Profile, because there are hundreds of options?
Alright, imagine you throw a huge, epic party but you send out your invites randomly. You end up with a bunch of people who don't jive with your music, hate your choice of snacks, and just stand around awkwardly. That's what happens when you don't have an Ideal Customer Profile (ICP) or if you create one and then ignore it.
Without an ICP, your business is kind of stumbling around in the dark. You're spending money and effort marketing your products to everyone, even to people who could not care less about what you’re selling. It’s like trying to sell a skateboard to someone who only wants a bicycle. Not only is it a waste of time and super frustrating, but it also burns through cash that could be spent more wisely.
Now, let's say you do spend time crafting this awesome ICP, understanding exactly who would love your product, but then you just shove it in a drawer and forget about it. That’s just as bad. You’ve got the map to the treasure but refuse to follow it. So, what's the point? You'll likely keep veering off course, and your sales efforts will be as effective as shooting hoops in the dark.
So, having and using an ICP helps you aim your business efforts like a laser.
Here are 50 criteria you might consider when developing your ICP:
- Gender
- Location (Country/Region/City)
- Income level
- Education level
- Marital status
- Occupation
- Industry
- Company size
- Job title
- Job function
- Years of experience
- Type of business
- Revenue of business
- Recent purchases
- Buying authority
- Buying frequency
- Preferred communication channel
- Language spoken
- Cultural background
- Hobbies
- Interests
- Lifestyle choices
- Personality traits
- Behavioral traits
- Values
- Beliefs
- Goals
- Challenges
- Pain points
- Fears
- Motivations
- Preferences
- Technology usage
- Social media activity
- Brand loyalty
- Product/service preferences
- Decision-making process
- Stage of life
- Health concerns
- Dietary preferences
- Fitness habits
- Transportation mode
- Leisure activities
- Media consumption
- News sources
- Attitudes toward spending
- Environmental consciousness
- Community involvement
- Political orientation