📺 Stream EntrepreneurTV for Free 📺

All About Buyer Personas: What They Are, Why You Need Them and How to Make Them Effective Industry leaders encourage constructing buyer personas. Here's what you need to know about them.

By Small Business PR

entrepreneur daily

This story originally appeared on PR Newswire's Small Business PR Toolkit

Blend Images - Colin Anderson | Getty Images

Constructing buyer personas has been encouraged by industry leaders for a considerable period of time, and the majority of marketers have listened to this recommendation -- 85 percent according to a study conducted by Relevance. Yet only 15 percent of respondents from the study indicated their buyer personas were effective. How is that possible when, according to Business Grown, persuasive personas usually account for over 90 percent of a company's sales? They key word here is "persuasive." About 80 percent of Relevance's study participants disclosed they were confused about how to properly create influential personas.

What is a buyer persona?

HubSpot defines a buyer persona as a "semi-fictional representation of your ideal customer based on market research and real data about your existing customers." This persona allows you to understand what your customers need, how they think, behave and how you can address them accordingly. The more details you can outline, the more successful the persona -- and your marketing efforts -- will be.

Demographics

First, configure the age, sex, income level, marital status, education level, geographic location and any other characteristics you think are important for defining your target audience. Once you've narrowed down the key demographic factors, you can begin to build a consumer profile.

Psychographics

While determining the demographic qualities of your target audience is important, identifying those factors alone is not sufficient. Take, for example, this profile: Ideal consumer is a married male, at least 60 years old, with a net worth of over 30 million and has a passion for playing golf. The consumer could be Bill Gates or Alice Cooper, and it's unlikely that both are receptive to the same tone or type of content.

Therefore, understanding the attitudes, aspirations and values of your target audience is also necessary to ensure marketing efforts are worthwhile. To further develop your persona, answer these questions:

  • Why would a shopper prioritize my content? What problems does my buyer feel passionate about?
  • How would a purchaser benefit from my content?
  • What hindrances might prevent a user from paying attention to my content? Or doubt my products and services are dependable?
  • How can I influence a user to take an actionable step?
  • What criteria will influence whether or not a shopper decides to make a purchase? How can I prove my products or services are superior to alternative options?

By digging deeper into the mind of your target purchaser, you can properly create a buyer persona and inbound marketing campaign that successfully reaches and influences your ideal shopper.

(Written by Phillip Thune)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Starting a Business

Most People Have No Business Starting a Business. Here's What to Consider Before You Become an Entrepreneur

You need to find the right business opportunity at the right time and take the right steps to beat the odds.

Leadership

AI vs. Humanity — Why Humans Will Always Win in Content Creation

With the proliferation and integration of AI across organizations and business units, PR and marketing professionals may be tempted to lean into this new technology more than recommended.

Growing a Business

Who You Hire Matters — Here's How to Form a Team That's Built to Last

Among the many challenges related to managing a small business, hiring a quality team of employees is one of the most important. Check out this list of tips and best practices to find the best people for your business.

Leadership

This Leadership Technique is the Secret to Optimal Team Performance

Through my experience in business, I've found one particular leadership technique that works better than others.

Management

7 Ways You Can Use AI to 10x Your Leadership Skills

While technology can boost individual efficiency and effectiveness, it's essential to balance their use with human intuition and creativity to avoid losing personal connection and to optimize workplace satisfaction.