Understanding The Benefit of B2B Buyer Persona for Business

Understanding The Benefit of A B2B Buyer Persona for Business

Without in depth, intimate buyer persona profiles you executing mass marketing without purpose. Buyers are inundated with digital messages every hour so without understanding true relevance of what they need, when they might need it and how and where they like to learn more, you are wasting precious marketing dollars and time.

Cindy White, Chief Marketing Officer at Mitek Systems

Ever found yourself frustrated with the high costs of marketing and advertising, only to see less-than-impressive results? Do you wonder how you can overcome the challenges of reaching target audiences who are interested in your products or services? Do you want your marketing efforts more effective and budget-friendly?

Let’s explore ways to navigate these challenges and maximize the impact of your marketing efforts by understanding the benefits of having a B2B buyer persona for a business.

Understanding your target customer isn’t just a one-time effort; it’s an ongoing process that evolves as your business grows. 

What is the benefit of a B2B Buyer Persona in Business?

Content should be mapped to buyer personas and buyer journey stages. What is the high-value content that will help different buyer personas in different journey stages get the information they need to make decision to move forward?

Jay Gaines, Chief Marketing Officer at AgentSync
  1. A B2B Buyer Persona Helps You Understand Your Target Customers

    A B2B buyer persona serves as a valuable tool for understanding your target customers by offering a detailed representation of your ideal target customers. Unlike generic demographic data, a buyer persona focuses on the specific challenges of your target customers, objectives, and goals that businesses in your target audience face.
  2. A Detailed B2B Buyer Persona Allows You to Save Your Marketing Budget Wisely

    With a detailed B2B buyer persona, you can allocate your resources efficiently. Having a detailed B2B profile helps you use your marketing budget wisely by targeting the target customers who are most likely to be interested in what you offer.

    This focused approach ensures that each marketing dollar spent has a higher chance of delivering meaningful results. If you are a business owner, you want your business to hit the right targets, make efficient use of resources, tailor your messages, maximize ROI, and build relationships that stand the test of time.

    So, if you’re looking to make the most out of your marketing budget, creating a detailed B2B profile is the smart way to go.

  3. A B2B Buyer Persona Improves B2B Lead Conversion Rate

    Crafting buyer personas provides your business with detailed insights into the solution your customers are looking for, significantly enhancing the effectiveness of your lead conversion process.

    A well-defined strategy goes beyond short-term lead generation; it focuses on building long-term connections. By consistently delivering value, addressing business needs, and nurturing leads through personalized interactions, you’re laying the foundation for lasting relationships. This enhances trust and increases the likelihood of converting leads into loyal customers.

  4. Use the Right B2B Persona Platforms

    BetterContext goes beyond basic demographics. It excels in crafting detailed and insightful buyer personas that analyze into the specific challenges, preferences, and solutions of your ideal B2B customers.

    BetterContext isn’t just about creating content for the sake of having content for your business. It’s all about getting actual results. Instead of making content randomly, it uses what it knows about your target audience to make content that really matters.

    BetterContext uses its targeted approach to address the pain points of your customers. By directly addressing these pain points, your business becomes a trusted problem solver, creating stronger connections and engagement.

    With BetterContext, it’s not just about creating a thousand words on your content; it’s about making an impact and connecting with your target audience.

4 Steps on How to Create Your Buyer Persona in B2B

Step 1: Begin with Buyer Persona Research

Creating a buyer persona is all about doing some research. Dive in to find out what interests your B2B customers. Here are some ways to get real insights:

  • Ask your current customers questions through surveys.
  • Have one-on-one interviews with clients.
  • Get people together for focus groups.
  • Check out what people are saying on social media.
  • Use your CRM and ABM platforms for valuable information.

2. Identify Customer Traits

Determine the key traits of your target customers. Customer traits serve as a guide for effective communication. Knowing the communication preferences, decision-making processes, and information-seeking behaviors of your B2B customers allows you to tailor messages that resonate, and give a deeper connection and understanding. Here are some ways to identify your customer traits:

  • Encourage honest feedback to uncover valuable insights.
  • Understand how your product or service fits into their workflow.
  • Analyze comments, posts, and interactions to understand sentiments.

3. Gather Customer Feedback for Valuable Business Insights

Gathering customer feedback serves as a valuable strategy for deepening the relationship between B2B companies and target customers. Establishing a dedicated feedback process is instrumental in your company’s strengths, areas for improvement, and potential areas that require adjustments. 

Through this systematic approach to feedback, your company gains valuable insights that contribute to informed decision-making, continuous improvement, and a strengthened relationship with your target audience. Here are some ways to gather customer feedback:

  • Schedule regular check-ins with customers to assess ongoing satisfaction.
  • Encourage customers to provide feedback during and after support interactions.
  • Integrate feedback forms on your website or customer portals.

4. Monitor and Update Your Buyer Persona: 

The number of personas you need isn’t fixed, and it can change over time. You might have started with three which is a good start, but now you realize there are two important groups you haven’t considered. The key is to create and update your personas based on practical goals.

No matter how big or small your business is, it’s crucial not to forget the buyers who are consistently closing deals with you. Take the time to assess your progress and identify opportunities to enhance or refine your buyer personas. Even small adjustments can give significant benefits.

  • Keep an eye on industry trends and advancements.
  • Update personas to address specific needs or preferences during different times of the year.
  • If your product or service offerings evolve, update personas to reflect these changes.
  • Stay informed about your competitors’ strategies and how they engage their audience.

What Should a Buyer Persona include?

Buyer personas ensure you are getting a clear picture of your buyers needs, preferences, behaviors, and pain points. Digging in to what interests them, issues they face, and how your offerings resolve their problems. This allows you to market and speak in a way that resonates.

Sandra Aldi, Chief Marketing Officer at Neota

Now that we have created steps on How to Create Your Buyer Persona in B2B, let us now discover what should your buyer persona include.

  1. Objective ( Task To Be Done)

    Every buyer persona is driven by a specific objective or task—a problem that needs to be fulfilled. This represents a distinctive goal or a need to meet.

    For example: A marketing company, RM Marketing Services, is looking to enhance its marketing strategy to boost customer engagement, increase sales, and streamline communication with clients.
  2. Buyer Persona Pain Points

    Pain points refer to the difficulties that a Buyer Persona encounters while trying to accomplish their objective. When working towards their goal, a buyer persona may encounter challenges and obstacles.

    For example: The marketing manager struggles to accurately measure the return on investment for various marketing campaigns, making it challenging to allocate their marketing budget resources effectively, and has also given low results despite adding more to their marketing ads.
  3. Purchase Triggers of Your B2B Buyer Persona

    A purchase trigger is a specific event or circumstance that makes an individual or business, known as the Buyer Persona, make a purchase. These triggers can be influenced by various factors such as needs, desires, external events, marketing efforts, or changes in circumstances that create a reason for the buyer to take action and make a buying decision.

3 Types of Purchase Triggers: 

  1. Functional Purchase Triggers:

    For example, if you are the Marketing Manager of the RM Marketing Service mentioned above, you have to get your target leads by the 30th of December and report it to your CEO. Today is Nov 15th and you do not have enough marketing lead reports to submit to your boss. This is a purchase trigger that makes you use and reach out to BetterContext by using their demand generation platform.
  2. Emotional purchase triggers:

    You were just promoted to the Marketing Manager position of the RM Marketing Service and you want to give the highest marketing quality leads and acquire more business customers who need marketing services. But as you create your marketing strategy, it is not enough. Identifying the need for marketing improvements and triggers is a crucial first step, but to truly elevate your efforts, you need help that goes beyond conventional marketing strategies. That’s when you turn to BetterContext for assistance.
  3. Improved Strategy triggers:

    BetterContext positions your marketing services ahead of the competition by offering a comprehensive solution for B2B social content. It enables you to stand out in a crowded digital space and showcase your expertise with content that speaks directly to your audience’s pain points.

    As a marketing manager, you will not only get the quality results you are looking for, but it will give you a shorter time for you to generate the leads that you want. It will lower your marketing budget and will make your CEO happy, making it the best solution to your problem!

How to Incorporate B2B Buyer Personas for Your Business Effectively

1. Avoid Investing Time in Irrelevant Details

Crafting personas can be a time-consuming process, and focusing on the wrong traits and demographics can be counterproductive. When creating business objectives, does it truly make a significant difference whether your representation is labeled Kim or John, aged 40 or 55, or has 1 kid or 3 kids? Most likely not.

Simplify the complexities by pinpointing the traits that have a direct impact on how your customers engage with your products or services.

2. Allocate Your Time Wisely

Allocate your time to concentrate on the individuals responsible for making purchasing decisions, identify the gatekeepers, and strategize on how your product can enhance their image and reputation.

 Inspecting different corporations and businesses can consume a significant portion of a salesperson’s time. By precisely identifying your target audience and establishing clear criteria for outreach, you can consistently boost sales while minimizing time your marketing budget.

3.  Integrate your B2B Business Persona’s Detailed Descriptions Across Your Business

Integrate your B2B Business Persona’s descriptions across various layers of your organization. Share personas with your product development teams to align efforts with the specific needs and preferences of your target audience. This ensures that new products are designed with your ideal customers in mind.

Also, conduct workshops that involve multiple departments, encouraging collaborative discussions on how each team can contribute to better serving the identified buyer personas. This way, your team can align their goals and strategies to ensure a unified approach to meeting the needs of your target audience.

A Buyer Persona B2B Examples

Let’s consider a business-to-business (B2B) situation involving FedEx:

Scenario: Supply Chain Logistics Partnership

Buyer: XYZ Electronics, a multinational electronics manufacturer that produces smartphones, laptops, and other electronic devices.

Seller: FedEx Supply Chain, the logistics and supply chain management division of FedEx.

Background: XYZ Electronics has experienced significant growth in its business and needs a reliable logistics partner to manage its supply chain efficiently. The company wants a seamless and integrated solution for the transportation, warehousing, and distribution of its electronic products.

Engagement: XYZ Electronics decided to enter into a B2B partnership with FedEx Supply Chain to enhance its supply chain logistics. The negotiations and discussions involve the following aspects:

  1. Transportation Solutions:
    • FedEx Supply Chain provides a customized transportation solution for the timely and secure movement of XYZ Electronics’ products from manufacturing facilities to distribution centers and retailers globally.
  2. Warehousing and Distribution:
    • FedEx Supply Chain offers state-of-the-art warehousing facilities strategically located to support XYZ Electronics’ distribution network.
    • The services include inventory management, order fulfillment, and distribution to regional warehouses and retail outlets.
  3. Technology Integration:
    • FedEx Supply Chain integrates its advanced tracking and monitoring systems with XYZ Electronics’ inventory management systems.
    • This ensures real-time visibility into the movement of products, allowing both parties to track shipments, manage inventory levels, and make data-driven decisions.
  4. Customized Solutions:
    • FedEx Supply Chain works closely with XYZ Electronics to understand its unique logistics requirements and create solutions properly.
    • This customization may involve special handling for delicate electronic components, temperature-controlled transportation for certain products, and other specific logistics needs.
  5. Scalability and Flexibility:
    • The agreement between XYZ Electronics and FedEx Supply Chain includes provisions for scalability to accommodate the company’s future growth.
    • The logistics solution is designed to be flexible, allowing adjustments based on fluctuations in demand and market dynamics.

Benefits: The B2B partnership between XYZ Electronics and FedEx Supply Chain results in several benefits:

  • Improved supply chain efficiency, leading to faster time-to-market for electronic products.
  • Enhanced visibility and control over the entire logistics process.
  • Cost savings through optimized shipping routes and inventory management.
  • Scalable solutions that can adapt to changing business needs.

In this B2B scenario, FedEx Supply Chain becomes an integral part of XYZ Electronics’ operations, providing a comprehensive logistics solution to support the seamless flow of goods throughout the supply chain.

Conclusion

In conclusion, knowing the advantages of a B2B buyer persona for business is really important. When businesses dig deep into the specific details of their perfect customers, they get a clear picture of what these customers need, like, and find challenging.

Moreover, BetterContext’s ability to create buyer personas, pinpoint pain points, and offer a dynamic approach to content creation sets it apart. With BetterContext, it’s not just marketing; it creates strategic content that engages and converts.

Rachel Hardy

Meet Rachel Hardy, an experienced author with almost six years of writing across different businesses. She’s known for her versatile writing style, adapting seamlessly to various industries and niches.
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