SlideShare a Scribd company logo
1 of 10
FutureReady
JoyThroughGratitude
Future Ready
The Importance of ICP
The Psychology Hack Behind KFC's
French Fry Sales Boost in 2014
In 2014, KFC faced the challenge of reviving their beloved seasonal promotion
of $1.00 fries in the Australian market, which had been losing its impact over
the years.
Determined to boost sales without changing the price, product, or promo dates,
they teamed up with Ogilvy to crack the code. Through weeks of collaboration
and careful analysis of psychology principles, they crafted 90 different ways to
present the fries.
Testing the top five psychology-based headlines on Facebook, they struck gold
with two concepts: Reciprocity and Anchoring.
With these winning ideas, KFC created captivating radio and TV ads that tapped
into the psychology of customers.
A staggering 56% increase in French fry sales overall,
with the Anchoring concept driving an astounding 84%
surge in 4-pack fry sales.
The result?
🏆 Reciprocity: “You wanted free French fries, but we’ll
meet you halfway with our French fries for $1.”
🏆 Anchoring: “A deal so good you can only buy four.”
The Message?
What is ICP?
• An Ideal Customer Profile (ICP) is a detailed description of
your ideal customer based on various demographic,
firmographic, psychographic, and behavioral characteristics.
• ICPs help you create a clear and unified understanding of
your target customers, enabling effective customer
segmentation and personalized engagement strategies.
• They provide a framework for aligning marketing, sales,
and customer service efforts, resulting in improved customer
acquisition, retention, and satisfaction.
• ICPs help you prioritize and optimize your resources,
ensuring you invest time and effort in the most valuable and
profitable customer segments.
1. Another fatal error here is to use your avatar to focus solely on making sales. Your
customers are people first and want to feel heard, valued, and appreciated.
2. What is ICP in simple terms:
• Who wants to know what you know?
• Who wants to solve the problems you know how to solve?
• Who wants to get the results that you know how to produce?
• Who is willing to pay you with their time, attention, and/or money to solve
those problems or produce those results?
3. Without an avatar, you won’t be able to truly understand your customers’ wants,
needs, and pain points.
4. Once you finalize your ICP, you have to constantly strive to identify and leverage
your ideal customer avatar’s pain points and other emotional hot buttons when
creating your marketing and advertising campaigns
 What I eventually discovered was that the purpose of developing
buyer personas should have been all about better communication
 How might your business target your customers on their paths to
purchase?
 What kinds of questions are important to your customers when they
are choosing providers?
 What factors will determine if you are the right fit or if a direct
competitor is
 Remember that only 4% of website visitors (and likely consumers in
general) are ready to do business with you right now.
 Those 4% are in that provider aware stage, ready to make decision
between you and your competition
 Shifting your focus from the 4% to the 96% and crafting messaging
that resonates with pain and emotion
 You must first understand the pains, emotions, motivations of your
prospects in every stage.
Not sure or not realizing that I have a
specific need or a problem to solve – Lets
take example of someone planning to join
Gym
Unaware
They have encountered a triggering event that has
compelled them to research a pain/problem
they’re experiencing
Pain/Problem
They understand their pain/problem and have
begun researching potential solutions( but
remain unaware of specific brands)
Solution
They have chosen a solution and have
begun researching potential providers as
they are on cusp of a purchasing solution
Provider Aware
Buyer Stages
SDR & Digital
Marketing
Awareness
Consideration
Decision
4%
96%
4%
96%
Applying ICPs for Excellence
Personalization and Tailoring:
Use the insights from the ICP to personalize your sales approach and tailor your messaging to resonate with the
specific needs and pain points of your ideal customers. This level of personalization builds trust and credibility,
increasing the likelihood of success.
Targeted Prospecting:
Leverage your ICP to identify and prioritize high-potential prospects. Focus your prospecting efforts on those who
closely align with your ideal customer characteristics, allowing you to maximize your sales efforts and increase your
conversion rates.
Value Proposition Alignment:
Align your value proposition with the unique challenges and goals of your ideal customers. Demonstrate how your
product or service solves their specific pain points and helps them achieve their objectives. This alignment
strengthens your value proposition and increases customer interest.
Account-Based Selling:
Use your ICP to develop targeted account-based selling strategies. Identify key accounts that closely match your ideal
customer profile and create personalized outreach plans to engage and nurture those accounts. This approach
improves your chances of winning high-value customers.
Applying ICPs for Excellence
Sales and Marketing Alignment:
Collaborate closely with the marketing team to ensure your sales efforts are aligned with the ICP. Share insights
from customer interactions to refine the ICP and provide valuable feedback for marketing campaigns. This
alignment enhances overall sales and marketing effectiveness.
Continuous ICP Evaluation:
Regularly evaluate and refine your ICP based on real-world customer data and feedback. Market dynamics and
customer needs may change over time, so it's important to adapt your ICP to stay relevant and ensure continued
sales success.
Customer Success and Upselling:
Leverage your ICP to identify opportunities for customer success and upselling. Understand the specific needs
and goals of your existing customers who closely match the ICP, and proactively offer additional products or
services that can further benefit them.
“Always be closing” “To always be helping”
Mindshift
1) To help you need to know more about the
needs
2) To know the needs, you need to empathize
3) To empathize, you need to build chemistry
and understand persona
4) To understand persona, you need
knowledge, soft skills and expertise
5) The framework that addresses that is ICP
1) When you rush to close, you treat your
client as opportunity and not as human
2) Selling wrong value and not making right
connections for a long term relationship
3) The closure looks like a magic but not
repeatable or process driven
FutureReady
JoyThroughGratitude
OptiSol US Inc, 2108 N Street Suite 8238
Sacramento, CA 95816
+1-415-233-4737
+1 (408) 459-5837
info@optisolbusiness.com
Kemp House 160 City Road
London EC1V 2NX United Kingdom
+44 1248-248003
info@optisolbusiness.com
Baid Hi-Tech Park, 4th Floor, ECR,
Thiruvanmiyur, Chennai – 600041
+91-(044)-24512206
info@optisolbusiness.com
Innovation Centre, 90 Sippy Downs Drive,
Sippy Downs, 4556 QLD
+61(0) 408-785-757
info@optisolbusiness.com

More Related Content

Similar to Ideal Customer Profile and Its Significance

11 unilever plan for good advertising
11 unilever plan for good advertising11 unilever plan for good advertising
11 unilever plan for good advertising
Rbk Asr
 
5 Inbound Marketing Tips to Increase Sales Qualified Leads
5 Inbound Marketing Tips to Increase Sales Qualified Leads5 Inbound Marketing Tips to Increase Sales Qualified Leads
5 Inbound Marketing Tips to Increase Sales Qualified Leads
Digital Impact Agency
 
Introductionand focusofcoursefall1
Introductionand focusofcoursefall1Introductionand focusofcoursefall1
Introductionand focusofcoursefall1
kulemeka
 
5steps_to_consumer_engagement
5steps_to_consumer_engagement5steps_to_consumer_engagement
5steps_to_consumer_engagement
anlouwagie
 
Video advertising and marketing for beginners - What do you have to understand?
Video advertising and marketing for beginners - What do you have to understand?Video advertising and marketing for beginners - What do you have to understand?
Video advertising and marketing for beginners - What do you have to understand?
puma64cold
 

Similar to Ideal Customer Profile and Its Significance (20)

11 unilever plan for good advertising
11 unilever plan for good advertising11 unilever plan for good advertising
11 unilever plan for good advertising
 
Chapte-1:The marketing process of strategy and value from strong customer re...
Chapte-1:The marketing process of strategy  and value from strong customer re...Chapte-1:The marketing process of strategy  and value from strong customer re...
Chapte-1:The marketing process of strategy and value from strong customer re...
 
How to Audit Your Influencer Marketing Agency
How to Audit Your Influencer Marketing AgencyHow to Audit Your Influencer Marketing Agency
How to Audit Your Influencer Marketing Agency
 
how to market a product.pptx
how to market a product.pptxhow to market a product.pptx
how to market a product.pptx
 
How Content Marketing can Increase your Sales
How Content Marketing can Increase your SalesHow Content Marketing can Increase your Sales
How Content Marketing can Increase your Sales
 
Brand Positioning Workshop
Brand Positioning WorkshopBrand Positioning Workshop
Brand Positioning Workshop
 
Fundamentals of Marketing Mix- 4C’s for eCommerce
Fundamentals of Marketing Mix- 4C’s for eCommerceFundamentals of Marketing Mix- 4C’s for eCommerce
Fundamentals of Marketing Mix- 4C’s for eCommerce
 
Marketing Management
Marketing ManagementMarketing Management
Marketing Management
 
Marketing communication strategy
Marketing communication strategyMarketing communication strategy
Marketing communication strategy
 
Digital Marketing
Digital MarketingDigital Marketing
Digital Marketing
 
1_Golden Rules of Marketing 2021.ppt
1_Golden Rules of Marketing 2021.ppt1_Golden Rules of Marketing 2021.ppt
1_Golden Rules of Marketing 2021.ppt
 
5 Inbound Marketing Tips to Increase Sales Qualified Leads
5 Inbound Marketing Tips to Increase Sales Qualified Leads5 Inbound Marketing Tips to Increase Sales Qualified Leads
5 Inbound Marketing Tips to Increase Sales Qualified Leads
 
Buyer Persona Research, Create, and Boost Sales
Buyer Persona Research, Create, and Boost SalesBuyer Persona Research, Create, and Boost Sales
Buyer Persona Research, Create, and Boost Sales
 
Content Marketing Explained: Theory and Real Life Examples
Content Marketing Explained: Theory and Real Life ExamplesContent Marketing Explained: Theory and Real Life Examples
Content Marketing Explained: Theory and Real Life Examples
 
Creative & Storytelling Across Social Channels
Creative & Storytelling Across Social ChannelsCreative & Storytelling Across Social Channels
Creative & Storytelling Across Social Channels
 
Introductionand focusofcoursefall1
Introductionand focusofcoursefall1Introductionand focusofcoursefall1
Introductionand focusofcoursefall1
 
5steps_to_consumer_engagement
5steps_to_consumer_engagement5steps_to_consumer_engagement
5steps_to_consumer_engagement
 
Content marketing
Content marketingContent marketing
Content marketing
 
Electronic marketing mix strategies
Electronic marketing mix strategiesElectronic marketing mix strategies
Electronic marketing mix strategies
 
Video advertising and marketing for beginners - What do you have to understand?
Video advertising and marketing for beginners - What do you have to understand?Video advertising and marketing for beginners - What do you have to understand?
Video advertising and marketing for beginners - What do you have to understand?
 

Recently uploaded

"NEON LIGHT CITY" AR PC game from M.A.D tronics Studios
"NEON LIGHT CITY" AR PC game from M.A.D tronics Studios"NEON LIGHT CITY" AR PC game from M.A.D tronics Studios
"NEON LIGHT CITY" AR PC game from M.A.D tronics Studios
tess51
 
Tech Framework Integrated Workspace Management System
Tech Framework Integrated Workspace Management SystemTech Framework Integrated Workspace Management System
Tech Framework Integrated Workspace Management System
Sushant Joshi
 

Recently uploaded (6)

Facebook_Meta_Q4-2018-Earnings-Presentation.pdf
Facebook_Meta_Q4-2018-Earnings-Presentation.pdfFacebook_Meta_Q4-2018-Earnings-Presentation.pdf
Facebook_Meta_Q4-2018-Earnings-Presentation.pdf
 
Dropbox DBX Q1 2020 Investor Presentation.pdf
Dropbox DBX Q1 2020 Investor Presentation.pdfDropbox DBX Q1 2020 Investor Presentation.pdf
Dropbox DBX Q1 2020 Investor Presentation.pdf
 
AI Data Engineering for SMEs - some tricks and tools
AI Data Engineering for SMEs - some tricks and toolsAI Data Engineering for SMEs - some tricks and tools
AI Data Engineering for SMEs - some tricks and tools
 
"NEON LIGHT CITY" AR PC game from M.A.D tronics Studios
"NEON LIGHT CITY" AR PC game from M.A.D tronics Studios"NEON LIGHT CITY" AR PC game from M.A.D tronics Studios
"NEON LIGHT CITY" AR PC game from M.A.D tronics Studios
 
Tech Framework Integrated Workspace Management System
Tech Framework Integrated Workspace Management SystemTech Framework Integrated Workspace Management System
Tech Framework Integrated Workspace Management System
 
Financial management icar entrepreneurship development
Financial management icar entrepreneurship developmentFinancial management icar entrepreneurship development
Financial management icar entrepreneurship development
 

Ideal Customer Profile and Its Significance

  • 2. The Psychology Hack Behind KFC's French Fry Sales Boost in 2014 In 2014, KFC faced the challenge of reviving their beloved seasonal promotion of $1.00 fries in the Australian market, which had been losing its impact over the years. Determined to boost sales without changing the price, product, or promo dates, they teamed up with Ogilvy to crack the code. Through weeks of collaboration and careful analysis of psychology principles, they crafted 90 different ways to present the fries. Testing the top five psychology-based headlines on Facebook, they struck gold with two concepts: Reciprocity and Anchoring. With these winning ideas, KFC created captivating radio and TV ads that tapped into the psychology of customers. A staggering 56% increase in French fry sales overall, with the Anchoring concept driving an astounding 84% surge in 4-pack fry sales. The result? 🏆 Reciprocity: “You wanted free French fries, but we’ll meet you halfway with our French fries for $1.” 🏆 Anchoring: “A deal so good you can only buy four.” The Message?
  • 3. What is ICP? • An Ideal Customer Profile (ICP) is a detailed description of your ideal customer based on various demographic, firmographic, psychographic, and behavioral characteristics. • ICPs help you create a clear and unified understanding of your target customers, enabling effective customer segmentation and personalized engagement strategies. • They provide a framework for aligning marketing, sales, and customer service efforts, resulting in improved customer acquisition, retention, and satisfaction. • ICPs help you prioritize and optimize your resources, ensuring you invest time and effort in the most valuable and profitable customer segments.
  • 4. 1. Another fatal error here is to use your avatar to focus solely on making sales. Your customers are people first and want to feel heard, valued, and appreciated. 2. What is ICP in simple terms: • Who wants to know what you know? • Who wants to solve the problems you know how to solve? • Who wants to get the results that you know how to produce? • Who is willing to pay you with their time, attention, and/or money to solve those problems or produce those results? 3. Without an avatar, you won’t be able to truly understand your customers’ wants, needs, and pain points. 4. Once you finalize your ICP, you have to constantly strive to identify and leverage your ideal customer avatar’s pain points and other emotional hot buttons when creating your marketing and advertising campaigns
  • 5.  What I eventually discovered was that the purpose of developing buyer personas should have been all about better communication  How might your business target your customers on their paths to purchase?  What kinds of questions are important to your customers when they are choosing providers?  What factors will determine if you are the right fit or if a direct competitor is  Remember that only 4% of website visitors (and likely consumers in general) are ready to do business with you right now.  Those 4% are in that provider aware stage, ready to make decision between you and your competition  Shifting your focus from the 4% to the 96% and crafting messaging that resonates with pain and emotion  You must first understand the pains, emotions, motivations of your prospects in every stage.
  • 6. Not sure or not realizing that I have a specific need or a problem to solve – Lets take example of someone planning to join Gym Unaware They have encountered a triggering event that has compelled them to research a pain/problem they’re experiencing Pain/Problem They understand their pain/problem and have begun researching potential solutions( but remain unaware of specific brands) Solution They have chosen a solution and have begun researching potential providers as they are on cusp of a purchasing solution Provider Aware Buyer Stages SDR & Digital Marketing Awareness Consideration Decision 4% 96% 4% 96%
  • 7. Applying ICPs for Excellence Personalization and Tailoring: Use the insights from the ICP to personalize your sales approach and tailor your messaging to resonate with the specific needs and pain points of your ideal customers. This level of personalization builds trust and credibility, increasing the likelihood of success. Targeted Prospecting: Leverage your ICP to identify and prioritize high-potential prospects. Focus your prospecting efforts on those who closely align with your ideal customer characteristics, allowing you to maximize your sales efforts and increase your conversion rates. Value Proposition Alignment: Align your value proposition with the unique challenges and goals of your ideal customers. Demonstrate how your product or service solves their specific pain points and helps them achieve their objectives. This alignment strengthens your value proposition and increases customer interest. Account-Based Selling: Use your ICP to develop targeted account-based selling strategies. Identify key accounts that closely match your ideal customer profile and create personalized outreach plans to engage and nurture those accounts. This approach improves your chances of winning high-value customers.
  • 8. Applying ICPs for Excellence Sales and Marketing Alignment: Collaborate closely with the marketing team to ensure your sales efforts are aligned with the ICP. Share insights from customer interactions to refine the ICP and provide valuable feedback for marketing campaigns. This alignment enhances overall sales and marketing effectiveness. Continuous ICP Evaluation: Regularly evaluate and refine your ICP based on real-world customer data and feedback. Market dynamics and customer needs may change over time, so it's important to adapt your ICP to stay relevant and ensure continued sales success. Customer Success and Upselling: Leverage your ICP to identify opportunities for customer success and upselling. Understand the specific needs and goals of your existing customers who closely match the ICP, and proactively offer additional products or services that can further benefit them.
  • 9. “Always be closing” “To always be helping” Mindshift 1) To help you need to know more about the needs 2) To know the needs, you need to empathize 3) To empathize, you need to build chemistry and understand persona 4) To understand persona, you need knowledge, soft skills and expertise 5) The framework that addresses that is ICP 1) When you rush to close, you treat your client as opportunity and not as human 2) Selling wrong value and not making right connections for a long term relationship 3) The closure looks like a magic but not repeatable or process driven
  • 10. FutureReady JoyThroughGratitude OptiSol US Inc, 2108 N Street Suite 8238 Sacramento, CA 95816 +1-415-233-4737 +1 (408) 459-5837 info@optisolbusiness.com Kemp House 160 City Road London EC1V 2NX United Kingdom +44 1248-248003 info@optisolbusiness.com Baid Hi-Tech Park, 4th Floor, ECR, Thiruvanmiyur, Chennai – 600041 +91-(044)-24512206 info@optisolbusiness.com Innovation Centre, 90 Sippy Downs Drive, Sippy Downs, 4556 QLD +61(0) 408-785-757 info@optisolbusiness.com