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Building Targeted Marketing
Performance Programs Through
        Target Personas


      by Warwick Davies, Principal
        TheEventMechanic.com
2
B2B Marketing
More Challenging than Ever!




                              3
Today's Marketing Planning

• Frenetic, not metrics based-other than hitting
  your attendance/revenue numbers

• Repetitive of past campaigns

• Using “Dirty data”: the main ingredient


    When is the last time you spoke
     one-on-one with an attendee?

                                                   4
5
Session Objectives


• Identify and define a target and prospect
  audience

• Understand the wants and needs of these
  audiences

• Develop a marketing and product strategy
  that effectively communicates to these
  audiences

                                              6
How Well Do You
            Know Your Customer?

• Age
• Number of years in position
• Marketing budget
• How far he/she traveled
• Social media usage
• What keeps him/her up at night
• Why he/she attends your event
• Preferred methods of communication

                                       7
You Must Know Your Audience!




                               8
Elements of
       Knowing Your Customer

Buying habits / buying power

Marketing channels

What keeps him/her up at night?

Why does he/she attend your event?



                                     9
Phase One - Profiling Your Existing &
                Prospective Targets


• Review current registration data
• Survey
    - Current attendees
    - Prospects

    Phase One will provide you with
    an outline of your target buyers

                                              10
Phase Two - Make hypothetical straw men to
 determine who your power buyers might be




 Phase Two will provide you with
    something with which to
   compare your actual results

                                        11
Phase Three - Qualitative Anecdotal
                      Research

Conduct interviews to bring
targets to life
      • In Person
      • On Phone
 Phase Three furthers your research
   findings as well as deepens the
    engagement with your target
             customers

                                            12
Phase Four – Bring Your Target Personas
                        to Life

• Give each Persona
  a name

• Have at least 15 points
  of information for each


  Phase Four enables you to imagine
     each Persona as a customer
       instead of a data point!

                                              13
Phase Five - Crafting Strategy, Tactics and
                       Metrics


• Make product improvements

• Marketing strategy

• Tactical campaign

• Measurable benchmarks




                                              14
Phase Six - Rinse and Repeat



Repeat at least
every 6 months
(or show cycle)




                                 15
Phases One - Six




The end result of this six-step approach better
aligns your event with the wants and needs of
 your key target and prospective audience(s)
      growing and retaining your attendee
                     base.

                                                  16
Case Study


Well-known gift & jewelry show organizer wants to:

  • Remain relevant to power buyers
  • Provide more show value to targeted attendees
  • Target power buyers and serve them better
  • Stabilize and then grow attendance


                                                     17
Example of Target Personas - Loyal
           Power Buyer (purchases > $1,000/show)
• Name: Valerie
• Age: 55/female
• Occupation: Owner of a gift shop
• Number of years in business: 23
• Purchases at the event: $1,250
• Income: $50,633
• Location: Within 180 miles of venue
• Types of goods she wants to see at event: Jewelry/ Apparel/
  Handbags
• Amount of time spent at event: 6 hours
• Annual Sales: $500k
• Biggest challenge: The economy/ Getting a variety of quality
   merchandise from new and existing vendors at wholesale prices
• Reasons for attending shows of this kind: Purchase new products/
  See new products/ Meet new suppliers
• What would get her to buy more: Higher quality selection/ Wholesale pricing/
  Storage and ways to carry around purchases
• How to reach: Mailers/Emails


                                                                                 18
Example Two - Potential Power Buyer
                (should be spending > $1,000/show)
•   Name: Debra
•   Age: 55/female
•   Occupation: Owner of a gift shop
•   Number of years in business: 23
•   Purchases at the event: $700
•   Income: $42,477
•   Location: Within 148 miles of venue
•   Types of goods she wants to see at event: Jewelry/ Home
     Décor/ Handbags/ Holiday Items
•   Amount of time spent at event: 6 hours
•   Annual Sales: $500k
•   Biggest challenge: The economy/ Getting a variety of quality
     quality merchandise from new and vendors at wholesale prices
     merchandise from new and existingexisting vendors at wholesale prices
•   Reasons for attending shows of this kind: Purchase new products/
     See new products
•   What would get her to buy more: Higher quality selection/ Wholesale pricing
•   How to reach: Mailers/ Emails




                                                                              19
Example Three - Young Buyer
                            (< 50 years old)
• Name: Pam
• Age: 40/ female
• Occupation: Buyer at a home design/ interior
  decorating company
• Number of years in business: 7
• Purchases at the event: $500
• Types of goods she wants to see at event: Jewelry/
  Holiday Items/ Handbags
• Income: $41,873
• Location: Within 45 miles of venue
• Amount of time spent at event: 6 hours
• Annual Sales: $50k
• Biggest challenge: The economy/ Keeping customers
• Reasons for attending shows of this kind: Purchase new products/
  See new products
• What would get her to buy more: More variety/ More company budget
• How to reach: Emails/ Social media




                                                                      20
New Regime & Other
• Better 'Product' targeted at Key Buyers which
  solves their problems

• Contact with Key Buyers how and when they want
  to be contacted

• Set up a system which does this so your events are
  constantly innovating

                                                  21
Review Objectives

• Identify and define a target and prospect
  audience

• Understand the wants and needs of these
  audiences

• Develop a marketing and product strategy that
  effectively communicates to these audiences



                                                  22
Warwick@TheEventMechanic.com   www.TheEventMechanic.com

          781.354.0119             twitter: eventmechanic


                                                            23

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Targeted Marketing Through Personas

  • 1. Building Targeted Marketing Performance Programs Through Target Personas by Warwick Davies, Principal TheEventMechanic.com
  • 2. 2
  • 4. Today's Marketing Planning • Frenetic, not metrics based-other than hitting your attendance/revenue numbers • Repetitive of past campaigns • Using “Dirty data”: the main ingredient When is the last time you spoke one-on-one with an attendee? 4
  • 5. 5
  • 6. Session Objectives • Identify and define a target and prospect audience • Understand the wants and needs of these audiences • Develop a marketing and product strategy that effectively communicates to these audiences 6
  • 7. How Well Do You Know Your Customer? • Age • Number of years in position • Marketing budget • How far he/she traveled • Social media usage • What keeps him/her up at night • Why he/she attends your event • Preferred methods of communication 7
  • 8. You Must Know Your Audience! 8
  • 9. Elements of Knowing Your Customer Buying habits / buying power Marketing channels What keeps him/her up at night? Why does he/she attend your event? 9
  • 10. Phase One - Profiling Your Existing & Prospective Targets • Review current registration data • Survey - Current attendees - Prospects Phase One will provide you with an outline of your target buyers 10
  • 11. Phase Two - Make hypothetical straw men to determine who your power buyers might be Phase Two will provide you with something with which to compare your actual results 11
  • 12. Phase Three - Qualitative Anecdotal Research Conduct interviews to bring targets to life • In Person • On Phone Phase Three furthers your research findings as well as deepens the engagement with your target customers 12
  • 13. Phase Four – Bring Your Target Personas to Life • Give each Persona a name • Have at least 15 points of information for each Phase Four enables you to imagine each Persona as a customer instead of a data point! 13
  • 14. Phase Five - Crafting Strategy, Tactics and Metrics • Make product improvements • Marketing strategy • Tactical campaign • Measurable benchmarks 14
  • 15. Phase Six - Rinse and Repeat Repeat at least every 6 months (or show cycle) 15
  • 16. Phases One - Six The end result of this six-step approach better aligns your event with the wants and needs of your key target and prospective audience(s) growing and retaining your attendee base. 16
  • 17. Case Study Well-known gift & jewelry show organizer wants to: • Remain relevant to power buyers • Provide more show value to targeted attendees • Target power buyers and serve them better • Stabilize and then grow attendance 17
  • 18. Example of Target Personas - Loyal Power Buyer (purchases > $1,000/show) • Name: Valerie • Age: 55/female • Occupation: Owner of a gift shop • Number of years in business: 23 • Purchases at the event: $1,250 • Income: $50,633 • Location: Within 180 miles of venue • Types of goods she wants to see at event: Jewelry/ Apparel/ Handbags • Amount of time spent at event: 6 hours • Annual Sales: $500k • Biggest challenge: The economy/ Getting a variety of quality merchandise from new and existing vendors at wholesale prices • Reasons for attending shows of this kind: Purchase new products/ See new products/ Meet new suppliers • What would get her to buy more: Higher quality selection/ Wholesale pricing/ Storage and ways to carry around purchases • How to reach: Mailers/Emails 18
  • 19. Example Two - Potential Power Buyer (should be spending > $1,000/show) • Name: Debra • Age: 55/female • Occupation: Owner of a gift shop • Number of years in business: 23 • Purchases at the event: $700 • Income: $42,477 • Location: Within 148 miles of venue • Types of goods she wants to see at event: Jewelry/ Home Décor/ Handbags/ Holiday Items • Amount of time spent at event: 6 hours • Annual Sales: $500k • Biggest challenge: The economy/ Getting a variety of quality quality merchandise from new and vendors at wholesale prices merchandise from new and existingexisting vendors at wholesale prices • Reasons for attending shows of this kind: Purchase new products/ See new products • What would get her to buy more: Higher quality selection/ Wholesale pricing • How to reach: Mailers/ Emails 19
  • 20. Example Three - Young Buyer (< 50 years old) • Name: Pam • Age: 40/ female • Occupation: Buyer at a home design/ interior decorating company • Number of years in business: 7 • Purchases at the event: $500 • Types of goods she wants to see at event: Jewelry/ Holiday Items/ Handbags • Income: $41,873 • Location: Within 45 miles of venue • Amount of time spent at event: 6 hours • Annual Sales: $50k • Biggest challenge: The economy/ Keeping customers • Reasons for attending shows of this kind: Purchase new products/ See new products • What would get her to buy more: More variety/ More company budget • How to reach: Emails/ Social media 20
  • 21. New Regime & Other • Better 'Product' targeted at Key Buyers which solves their problems • Contact with Key Buyers how and when they want to be contacted • Set up a system which does this so your events are constantly innovating 21
  • 22. Review Objectives • Identify and define a target and prospect audience • Understand the wants and needs of these audiences • Develop a marketing and product strategy that effectively communicates to these audiences 22
  • 23. Warwick@TheEventMechanic.com www.TheEventMechanic.com 781.354.0119 twitter: eventmechanic 23