How well do you know your customers?
Tell me, Readers, how well do you know your customers and prospects? I mean really know them - beyond just "people in market for product xyz" or "people suffering from condition pdq"?
Beyond demographics, have you identified their psychographics? Behaviors? Motivators? Hot buttons? Have you taken the time to segment them into like-minded groups?
Seriously, indulge me with a response to this quick poll, and then read on to see how other marketers fair.
Kudos to those of you who voted Excellent or Good.
Sadly, you're in the minority. I was shocked to learn from a recent CMO Council survey of 450 global marketers that less than 8% categorized themselves as having Excellent or Good knowledge of their customers' demographic, behavioral, psychographic and transactional data. The rest have fair to little knowledge of what makes their customers tick.

As Sohrab Vossoughi wrote in his recent BusinessWeek article, "How to Stand Out? Try Authenticity,"
Get to know your customers on an intimate basis. That's the only way to cut through the noise...'Different' is no longer a differentiator. What is? Creating an authentic relationship with your customers."
Vossoughi astutely points out a "confluence of factors" that have created a demand for customer intimacy:
- The public's declining trust of businesses and institutions
- An increased media savviness that makes them less inclined to fall for marketing ploys
- Reality television and virtual worlds skewing their definition of reality
- Technological advancements that make product and service information - as well as real-world customer reviews of same - readily available to anyone with an Internet connection
We work with our clients every day to help them create meaningful dialogues with their customers through rich insights and needs assessments. We have a variety of methods for doing this, including customer analytics, primary research and syndicated data sources. It needn't be a massive, organizational burden, but it does require dedication. And like Mr. Vossoughi, we recognize that these relationships can change over time, and our marketing plans must change with them.
Knowing your customer is critical to developing messages, offers, and channel plans that will resonate with them. Like any good relationship, you must work at it regularly, and be sensitive to the other parties' needs.
Imagine that you gave everyone in your personal life the same gift - say Omaha Steaks - for every occasion (birthdays, holidays, anniversaries, etc.). While I may love you for eternity if a box of bacon-wrapped filets showed up on my doorstep every month, your four year old son may be underwhelmed if he unwrapped that very same gift at his birthday party. Your uncle who's battling heart disease and struggling with dietary restrictions may be equally dismayed. And your vegan wife - who you've known and loved for years - may be downright angry at your thoughtlessness.
You treat your personal relations differently - for good reason; don't your business relations deserve the same?
Related links:
You knew your customer when you first met. What about now?
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