Customer Needs – Velocity Media

1 December 2015

Four questions you MUST ask to get to know your customers

Whether you are designing a product, developing a marketing strategy or writing a blog post having a thorough understanding of your target marketing is vital.

But how do you get clear on who it is you are talking to and targeting? Here are four questions you MUST ask to get to know your customers – and why you need to ask them.

1. Who are my customers?

What types of people are your customers? Are they a business or consumer? Male or female? Older or younger?

Do they have money, or are they buying on credit? Are they impulsive or considered? Are they well educated or uneducated? Are they fun or reserved? Daring or cautious? Kids or no kids? Happy or unhappy? Are they making ends meet or living the high life? Are they worried about what others think of them?

What is important to them? What do they value most? Who do they trust? What media do they consume? What social media do they use?

By asking who your customers are, you will discover how to speak to them and where to find them.

2. What do my customers really want?

What does your customer want from you, do you know?

While your customers may justify their purchases logically based on the features or inclusions you provide, they don’t tend to buy because of them. Your customers buy based on what your product or service will do for them, save them, make them feel, or make others think or feel about them.

So again, I ask you, what do your customers really want from you?

Is it to save time or money? Is it to have a certain status or level of respect? Is it to be first and lead the way? Is it to make them feel more worthy, attractive or confident? Is it to alleviate guilt, stress or grief? Is it to live longer? Is it to be more successful, prosperous or influential? Is it to be a trendsetter or forward thinker?

By identifying what your customers really want, you will uncover how to market to them and what you need to say.

3. How motivated are my customers?

How great are your customers’ needs, wants, frustrations or challenges? How motivated are your customers to buy from you? Do they need and want your product or service or just like the idea of it? Is your product or service an essential or luxury to them? Do your customers know and acknowledge they need your product or service?

By asking how motivated your customers are you can determine if your product, service or market is viable. You will also be able to identify the level of education you will need to provide and what you will need to do to motivate them.

4. What is holding my customers back from buying?

What are the reasons your customers won’t buy from you? What are some of the reservations they have?

Is it price or timing? Is it a lack of awareness or understanding? Is it a lack credibility or runs on the board? Is it that you are too new or too established? Is there too much risk involved? Do they need it but don’t want it? Is there not enough proof of your claims? Is there someone influencing their decision?

By finding out what is holding your customers back you can identify ways to build trust, and calm concerns, fears and objections through your marketing. You will also be able to uncover what influencers you need to market to and win over to get the sale.

Do you know your target market as well as you should?

Amanda

21 October 2015

How to stay relevant in the mind of your customers

Few things can kill your business faster than becoming irrelevant to your customers. The hard fact of business is that change is inevitable, while you can be on trend and meeting needs and wants one day, there is no guarantee that it will be the same the next.

With greater competition, new technology and changing customer demands how do you ensure you stay relevant in the mind of your customers?

1. Stay connected

When we start out in business, we are more open to input. In fact, we actively seek it to make sure we are on track and that our customers are happy. We value customer feedback, listen to concerns and promptly make changes to rectify problems. While some businesses continue this process, many others don’t.

It’s almost like there is a certain point in business where we know better. We have the experience and industry knowledge now, we know what is happening and what our customers want – so we no longer ask them.

We detach and become so focused on growth and development that we lose that customer connection we so desperately need to stay relevant and meet growing needs. Our time becomes precious. We limit the calls and meetings we have and opt for an email – bulk email – to stay in touch and “save time”.

We start to tell more than we ask, push more than we pull. But to weather the storm of changing needs and wants we need to connect with our customers. We need to understand their purchase decisions, why they make them and how we can make the experience better, and this comes from talking to them, not just looking at the numbers.

2. Understand how your customers use your products and services

When we developed our products and services we knew the problem they solved and how we thought they should be used. But that is only one perspective. Your customers may have a completely different idea or purpose for your products or services.

They may even use them to solve problems you hadn’t thought of, or didn’t know they solved. By understanding how your customers use and want to use your products and services you can start to identify limitations and opportunities to make them even more relevant going forward.

3. Know why your customers do business with you

Do you know why your customers chose to do business with you over your competitors? What was special or different about you? What did you provide that no one else did or did as well? What got them over the line?

Once you know the bigger reason of why they chose and valued your business you can ensure this is prioritised, communicated and maintained even when you need to change, adapt and expand to suit needs and wants.

4. Sell the experience, not the product or service

The moment you start selling a product or service by its features and benefits you compete with everyone in your industry. But when you sell the experience, tell the story, share the vision or back the cause your customers are buying something else entirely. Your customers no longer compare you in the same way – you are in a different league.

This shift creates loyalty not just at a product or service level; it creates loyalty at a company-wide level so when your customers do change, or when you introduce new products and services and try to upsell, cross-sell or resell customers, holding onto them and converting them is far easier.

How do you stay relevant in the mind of your customers?

Amanda

10 August 2015

Why you need customers to want you

One of our greatest strengths as entrepreneurs can also be one of our greatest marketing stumbling blocks – our vision.

Our ability to disrupt industries and think up products and services that fill needs our target market doesn’t even know they have yet can make for some incredible businesses and profits.

But for the very big picture disrupters and entrepreneurs with new and unique ideas, it can also lead to a lot of education to convince customers to buy from you.

While you may have the next brilliant idea that people need, if your customer doesn’t want your product it won’t matter how good it is. Still not convinced? Here are three reasons why you need your customer to want you.

1. Want translates to need

I’m sure you’ve experienced it, where you have wanted something so badly you have convinced yourself you need it? It’s the main reason I have so many shoes and notebooks.

While a customer may need your product or service, and even see the purpose or benefit in doing business with you, it doesn’t mean they will want to. Want brings motivation. It is why great ideas that have met customer needs have still fallen flat – customers don’t want them or know why they should want them and fail to act.

2. Want creates urgency

Think about the last time you wanted something. If it was a larger purchase, it might have consumed your thoughts for a while, and if it was a smaller purchase, chances are you bought it immediately.

When the want is strong enough, it doesn’t ease until it’s met. While a need can build interest, a want creates the urgency to act.

3. Want persuades

When a customer wants your product or service they will often push past objections, justify concerns and persuade other decision makers to come on board. Want increases desire, creates excitement and builds anticipation.

Building a customer’s want for your product or service will make them the best sales person, and if happy with your product or service, they’ll become the best advocate for your business.

Do your customers need and want you? How can you create more want for your products and services?

Amanda