“It is good to have an end to journey toward; but it is the journey that matters, in the end.”
― Ernest Hemmingway
The concept of buyer personas, as a means for understanding buyers, has been around now for over a decade. It is an understatement to say many things have changed in the world of buying and selling since their beginning.
We have witnessed the changing dynamics of the buyer-seller relationship. The dynamics I refer to are buying behaviors and buyer goals. On the other side of the coin, we see marketing and sales making attempts to adapt. The concepts of content marketing, lead nurturing, insight-based selling, customer experience, and brand management emphasized. These practices have been introduced as gateways to connecting with buyers in the new digital age.
Adapting to New Realities
Personas, at their core, were introduced as a tool to communicate the goals and behaviors of users and buyers. Specifically for informing strategies related to product design and marketing to buyers. For B2B Marketing and Sales, a clearer picture has begun to emerge around the goals and behaviors of buyers. Yet, there are many more miles to go. My endeavor and work with organizations over the past decade lead me to this conclusion:
Personas, specifically in B2B, need to be adaptive to new goals and behaviors of buyers throughout their buyer’s journey. In addition, personas need to be designed for the new practices, which are developing in marketing and sales.
The term buyer persona has been used universally to an extreme level. The term worked well when buyers relied on sales for their buying cycle for upwards to eighty percent. We are seeing the inverse today. Here is where I believe buyer trends as well as qualitative evidence is telling us to go:
B2B personas need to be researched, understood, and designed to meet robust goals and behaviors of buyers throughout the end-to-end buying cycle and brand experience. In addition, personas need to be designed to enable as well as make more effective new practices, functions, and roles.
Persona Buying Cycle™
As new operational models for marketing and sales develop, there are 5 buying behavior phases of the buying cycle personas must now address:
- Audience Behavior: the concept of content marketing reaching audiences is more prevalent. Audience goals and behaviors are distinctly different when not in the market for products or services. Yet, awareness, insight, and intelligence are an important component of connecting with existing customers and future buyers today. Content marketing effectiveness is enabled when it can reach many different types of audiences. Audience personas must now include the likes of industry influences and more.
- Lead Behavior: one of the fastest growing areas, in terms of emerging practices, is the rise in lead nurturing and lead development. Buyers have distinct goals and behaviors when they convert from being a part of a wider audience to an interested party. New forms of lead research and lead personas can create more effective conversions from an interested party to an active buyer.
- Buyer Behavior: the core persona when buyers have become actually engaged in the process of buying. Buying behaviors, and buying goals, operate on a different level when buyers are actively engaged in the buying process. Buyer personas, true their original intent, are designed to enable the buying process between buyer and seller.
- Customer Behavior: when a buyer becomes a customer, there is a trial period underway. This trial period consists of a different set of goals and behaviors meaningful to confirmation and customer experience. Specific customer personas can enable understanding and capabilities to meet customer goals post-sale. Implementation and customer support teams can benefit immensely from personas designed specifically for their roles.
- Brand Behavior: brand management is emerging out of the shadows, as a competency B2B companies have to get right today. Fulfilling the brand promise consistently is one of the hardest jobs of marketing and an organization as a whole. Customers and buyers have different goals, behaviors, and beliefs, which surround brands. The goal here is to convert customer personas into brand persona advocates.
A recommendation for forward-thinking marketing and sales leaders is to begin thinking in terms of the Persona Buying Cycle™ versus a singular focus on a buyer persona. One certainty is the buyer’s journey not only begins before buyers think of themselves as a buyer, but also extends beyond the purchase. Having a common visual and story of how buyer’s goals and behaviors change throughout the buying cycle is compelling. We are also seeing activities, functions, and roles widen in marketing and sales in response to changing buying behaviors. The Persona Buying Cycle™ is a natural extension to address both of these developments.
Creating B2B personas through the lenses of a Persona Buying Cycle™ help bring these positive outcomes:
- Make personas relevant throughout the major touchpoints of the end-to-end buyer’s journey
- Make personas more practical to each functional team interacting with audiences, buyers, and customers
- Make demand generation, lead generation, opportunity management, and customer experience more effective
- Provide a common communications platform for understanding buyers
- Foster alignment between marketing and sales by mapping to specific buyer goals and behaviors
In a dozen years, we have seen the then straightforward buyer-seller dynamics become more complex. How B2B views the use of personas, from a pragmatic standpoint, now must adapt.
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- 5 Buying Behaviors of the Persona Buying Cycle (tonyzambito.com)