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Crack the Code: Get to Know Your Consumers

Even with a strong competitive edge, your brand won't go far without you truly understanding A) who you're trying to reach and B) how to connect with them. In the third installment of "Crafting an Iconic Brand," we divulge some secrets from our process.

September 23, 2024

Insight

Why Consumers Are the Heart of Your Brand

At the core of every iconic brand is a deep, authentic connection with its audience. Your Consumers aren’t just numbers on a spreadsheet—they’re real people with needs, wants, and emotions. The best brands know how to tap into human experiences, building trust and loyalty by delivering value beyond just the product or service. 

In part 2 of “Crafting an Iconic Brand”, we talked about the power of understanding your Category and Competition. Now, let’s dive into the next essential piece of the puzzle: Consumers.

Take brands like Peloton or Nike, for example. Sure, they sell fitness equipment and apparel, but what they’re really selling is empowerment, belonging, and community. These brands understand that their Consumers are looking for more than just physical products—they want to feel part of something bigger.

Whether you’re a new brand starting from scratch, or an existing brand going through an evolution, or strategizing for a new campaign, uncovering audience insight is paramount to your success. Dig into our suggestions on how to tackle this important step of the 4C process— from creating your buyer persona, to turning them into customers, to keeping a close gauge on your ever-evolving brand community.

Building a Buyer Persona as a New Brand

As a new brand, how do you go about discovering the right target audience? Well, it starts with asking the right questions. Think about “Who is your ideal Consumer?”, “What are their biggest pain points?”, and “What brands, products, or services do they already love?”

We’ve compiled a list of some tools you can use to pinpoint your tribe. Our recommendations differ a bit whether you’re a product-based brand or service-based brand, so we included two separate lists.

Methods For Product-Based Brands:

  1. Competitor Research: Study your competition. Analyze similar products to figure out who your ideal Consumer might be. This will help you create more focused buyer personas.
  2. Clarify Your Unique Selling Point: Identify what your product offers that others don’t. Knowing the unique value your product brings will help you define the right audience for it.
  3. Develop a Test Product: Start by building a simple version of your product, known as a minimum viable product (MVP). Share your MVP with people who match your target audience to get insights on how to refine and improve your product.
  4. Leverage Social Media: Share engaging content related to your product and run targeted social media ads to reach a wider and more relevant audience.
  5. Join Industry Events: Attend or participate in industry-related events to connect with potential Consumers and create buzz around your product.
  6. Collaborate with Other Businesses: Partner with complementary brands or companies to reach new Consumer groups and expand your reach.
  7. Survey Existing Consumers: If you already have a Consumer base, ask for their feedback and suggestions to help you fine-tune your product offerings.
  8. Segment Your Audience: Break your Consumer base into groups based on shared characteristics or behaviors to better understand their needs and tailor your outreach efforts accordingly.

Methods For Service Based-Brands:

  1. Define Your Target Market: Conduct thorough research on your industry, narrowing down your audience.
  2. Engage in Community Events: Attend or sponsor local events to raise awareness about your services and demonstrate your commitment to the community.
  3. Create Engaging Social Media Content: Share useful and original content on social media platforms, or invest in paid ads to capture the attention of potential Consumers.
  4. Prioritize Excellent Consumer Service: Providing top-notch service not only retains current clients but also increases your chances of gaining new ones through word-of-mouth recommendations.
  5. Implement Referral Programs: Encourage your current clients to recommend your services by offering them rewards or discounts for successful referrals.
  6. Request Client Feedback: After completing a project, ask for feedback to ensure client satisfaction and see if they are willing to provide testimonials for future promotion.

Turning Personas into Consumers

Next, it’s time to move from persona creation to attracting real-life Consumers. To start, the next questions to ask yourself about your Consumer are “What do they care about?”, “What values or beliefs do they hold?” and “How can my brand make their lives better?” 

Beyond knowing who your target Consumer is, you need to focus on how you can create value for them. The best brands aren’t just selling products or services—they’re solving real problems. Whether it’s streamlining everyday tasks or offering an experience that brings joy, the goal is to make your Consumers’ lives easier or more fulfilling.

Take the example of Warby Parker. Sure, they sell eyewear, but their entire brand is built around making quality vision care affordable and accessible. They’ve taken a pain point—expensive, inconvenient eyewear—and flipped it into a seamless, Consumer-first experience.

Josh Roush
“Understanding your consumers is not just about knowing who they are, but about connecting with their aspirations.”
Josh Roush

Josh Roush

Movetic

Keeping a Close Eye on Your Ever Evolving Brand Community

While finding your audience is crucial, keeping them is just as important. Your community will evolve constantly, along with your brand, so it’s important to stay close to them. 

The impact of retaining loyal Consumers goes beyond immediate sales—it directly boosts your bottom line through repeat business and advocacy. And brands that invest in building lasting relationships see a stronger return—in fact, increasing customer retention by 5% can increase profits from 25-95%. Make sure you’re always staying in tune with what’s working for your audience and what isn’t. The success rate of selling to a customer you already have is 60-70%, while the success rate of selling to a new customer is 5-20%.

If you’re thinking “well, that’s great and all, but how do I do this?” here are some practical methods to continuously monitor who your brand ride-or-dies are:

 

  1. Google Analytics

Google Analytics offers a wealth of information about how users interact with your website. By analyzing metrics such as user demographics, behavior patterns, and traffic sources, you can gain a clear understanding of who your visitors are, what interests them, and how they navigate through your site. This data helps identify trends, preferences, and potential areas for improvement in your marketing strategies.

  1. Social Media

Social media platforms are a goldmine for understanding your audience’s preferences and behaviors. By monitoring engagement metrics like likes, shares, comments, and follower growth, you can gauge what content resonates most with your audience. Additionally, social listening tools such as Sprout Social and Hootsuite can help you track conversations and mentions related to your brand, providing insights into Consumers sentiment and emerging trends.

  1. Online Reviews

Online reviews offer candid feedback from your Consumers, revealing their experiences and perceptions of your brand. Platforms like Google Reviews, Yelp, and industry-specific review sites can provide valuable insights into what Consumers appreciate and what areas need improvement. Analyzing these reviews helps you identify common themes and address any recurring issues or concerns.

  1. Competitors

Keeping an eye on your competitors can provide a benchmark for understanding your market position and Consumer expectations. By analyzing their Consumer interactions, marketing strategies, and product offerings, you can identify gaps in your own approach and discover opportunities to better meet Consumer needs. Competitor analysis helps you stay competitive and responsive to industry trends.

  1. Marketing Tools (Klaviyo, CRMs, etc.)

Marketing tools such as Klaviyo and Consumer Relationship Management (CRM) systems offer detailed insights into Consumer interactions and behaviors. Klaviyo, for instance, provides data on email marketing performance, including open rates, click-through rates, and Consumer segmentation. CRMs track Consumer interactions across various touchpoints, helping you understand their journey and preferences. Leveraging these tools allows you to refine your marketing tactics and personalize your

So, What Does This Mean for Your Brand?

At the end of the day, understanding your Consumers goes beyond just knowing their demographic information—it’s about connecting with them on a deeper, emotional level. The more time you invest into understanding who they are and what they care about, the more successful your brand or campaign will be.

By consistently delivering value and staying in tune with their needs, your brand can create an authentic relationship that turns Consumers into advocates. When you can tap into the 4 C’s, your brand becomes more than just a name—it becomes part of your audience’s identity.

Next, it’s time to jump into the last C of building an iconic brand: Company. Stay tuned!

 

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