“What exactly is a buyer insight?”
I was asked this recently. It made me think. It is a term you hear and easy to quickly assume you know. Turns out, there seems to be confusion given the rise in the use of the term “insight”.
A good place to start is with a brief answer to the question itself. Here is my guiding answer:
A buyer insight is a profound, not-so-obvious, revelation as well as understanding of buyers, which leads to new innovations, value creation, marketing & sales capabilities, and business growth.
The basis of this definition is a buyer insight must be profound and it must alter an existing direction into one offering growth.
Do Not Confused Fact With Insight
One of the biggest areas of confusion I have noticed is misinterpreting a fact as an insight. One way of putting it is insight goes well beyond fact. To be profound means an insight is an often unforeseen as well as unarticulated observation, which leads to a new deep understanding. This new deep understanding then reshapes business growth strategies.
Uncovering facts of how buyers do things can result in improving effectiveness. However, improving effectiveness is not a clear direct connection to a profound insight. Mislabeling fact... Read more
“What exactly is a buyer insight?”
Tags: buyer insight, buyer persona, buyer personas, content marketing, content strategy, customer insight, Digital Marketing, marketing, qualitative research, social media strategy, Tony Zambito
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Galvanized by Art (Photo credit: cobalt123)
The quest to uncover how and why people and businesses engage in the act of buying is becoming an endurance race. Spurred on by increasing social technologies advances. The result is many organizations, whether academia or business, have focused on the science of buying. What we may be losing is critical understanding of the art of buying.
What we are witnessing in the new digital age is the old rules of near total dependency on understanding processes and rules associated with buying is no longer the sole winning ticket. Buying processes and rules have been dissected and analyzed many times over throughout the past few decades. We clung to the belief of knowing the how will lead us to systematic knowledge of how to close more business with buyers. The problem marketing and selling organizations face today is the how – processes and rules – are not as easily defined or structured as in the past. Social technologies have made it possible for new networks and collaboration amongst buyers – causing plenty of flex in processes and rules.
The Why of Buying
If the science of buying has focused on the how of buying, the art of... Read more
Tags: b2b marketing, buyer persona, buyer personas, buying behavior, Digital Marketing, marketing, marketing effectiveness, qualitative analytics, qualitative research, Sales, sales effectiveness
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In the world of B2B management, there are numerous head scratching efforts going on as we peer ahead into 2012 and beyond. Primarily, it has to do with how to get from here to there. One of the issues faced by B2B companies with the high degree of uncertainty, global economic turbulence, and a rapidly changing buyer driven and social world is figuring out where the from here to there actually leads to.
Recent buyer and management interviews tell me a lot of head scratching continues to go on. Plenty of internal angst and debate is taking place on how to get from here to there, what is needed, what should be done, and what a lot of people think. The what to do aspects of internal planning usually center on strategy and tactical questions such as:
How do we grow revenues?
What can we do to generate more leads?
How do we expand business with existing customers?
What type of content will drive more traffic to our web site?
Should we get more active with social media?
Do we need to improve our product quality and offering?
Should we boost marketing and sales budgets?
Do we need to hire more people?
What should our pricing... Read more
Tags: buyer experience, buyer insight, buyer persona, buyer research, buyergraphics, buyerology, content marketing, marketing, qualitative research, socialmedia, Targeting, trends
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We are living in a world that is fraught with uncertainty. The degree of uncertainty for businesses today probably is at the highest level in decades. Resulting in a chaotic world for sellers and buyers looking to make sense of what the future may hold.
This high degree of uncertainty and chaotic environment is showing up in many forms for both buyers and sellers. Whether it is sellers suffering from significant skill gaps as recently pointed out in surveys completed by DemandGen Report and Sirius Decisions or buyers in recent compiled reports indicating lack of knowledge and information that helps them to make purchasing decisions – uncertainty and chaos reigns at the moment. This perfect storm of uncertainty and chaos making the ability of marketer’s to communicate with buyers extremely challenging and causing sales organizations to struggle in being relevant to the buying process. So how does an organization get a hold of itself in such times?
Adaptation Begets Patterns
Organizations and buyers are highly adptable albeit some adapt quicker while others lag. Oftentimes, those who do lag are left off the train with some just barely grabbing a hold of the last caboose that is pulling way. When adaptation in industries and markets occur,... Read more
Tags: behavior, Buyer, buyer behavior, buyer behaviour, buyer experience, buyer goals, buyer persona, buyer personas, buyerography, buyerology, Consumer behaviour, content marketing, demand generation, DemandGen, DemandGen Report, Goal Centric, Organization, qualitative research, Social Age, Social Media, Social sciences, Tony Zambito, Understanding
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In my previous article, Enhance the Buyer Experience with Intelligent Engagement, I referenced a trend I called Experiential Buying. Buyer behaviors in B2B marketplaces are shifting tremendously towards more holistic experiential expectations that defy the conventional straight re-buy, modified re-buy, and new buy behaviors of the past. Buyer expectations have increased with regards to the experiences they undergo as well as desire.
In simplistic generalities, we can take a view of two experience categories that B2B buyers may seek:
In this situation, a buyer may want to experience a re-buy that reaffirms his or her decision to continue a relationship. Even in modified re-buy situations, the buyer may be looking for an experience where they can perform the modifications themselves. The difference in the modern social age is that buyer expectations have changed. If companies have not adapted their businesses to enhanced online and social capabilities, they may very well be placing artificial barriers in front of their buyers who are seeking an entirely different straight re-buy or modified re-buy experience than in the past. As consumer-like experiences become more desired in business marketplaces, companies will need to rethink many aspects of their sales and service... Read more
Tags: business, Business-to-business, Buyer, buyer behavior, buyer behaviour, buyer experience, buyer persona, buyer persona development, buyer personas, Company, content marketing, experience, Experiential education, Goal Centric, marketing, qualitative research, Social Media, Tony Zambito
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