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Lesson Objective(s) ,[object Object]
Demonstrate the key differences between market segmentation    and strategic segmentation
Debunk the myth of persona development and market segmentation
Demonstrate how to organize information to develop personas.
Highlight the key components of a Persona Report.,[object Object]
3V
3V
Value Customer Who to serve? 3V
Value Customer 3V Value Proposition What to offer?
Value Customer 3V Value Proposition Value Network How to deliver?
Value Customer 3V Value Proposition Value Network
Markets Which segments & geographies? Value Customer Industries Which product service categories? 3V Value Proposition Value Network
Markets + Industries = Persona Development
Markets + Industries = Marketing Segmentation
Persona Development is a form of Marketing Segmentation…
Persona Development is a form of Marketing Segmentation… …that sticks.
Persona Development
Identifier Variables Persona Development Response Variables
Consumer  Market Identifier Variables Business  Market Persona Development Response Variables
Demographic Consumer  Market Psychographic Identifier Variables Geographic Business  Market Market Size Persona Development Response Variables
Demographic Consumer  Market Psychographic Identifier Variables Geographic Business  Market Market Size Persona Development Response Variables Behavioral
Demographic Consumer  Market Psychographic Identifier Variables Geographic Business  Market Market Size Persona Development Benefits Desired Application or Usage Situation Response Variables Behavioral Sensitivity to Marketing Mix Purchasing Behavior
These are the inputs you MUST gather in your research phase. Demographic Consumer  Market Psychographic Identifier Variables Geographic Business  Market Market Size Persona Development Benefits Desired Application or Usage Situation Response Variables Behavioral Sensitivity to Marketing Mix Purchasing Behavior
Specifically… Demographic Consumer  Market Psychographic Identifier Variables Geographic Business  Market Market Size Persona Development Benefits Desired Application or Usage Situation Response Variables Behavioral Sensitivity to Marketing Mix Purchasing Behavior
We gather information from three sources: Demographic Consumer  Market Psychographic Identifier Variables Geographic Business  Market Market Size Persona Development Benefits Desired Application or Usage Situation Response Variables Behavioral Sensitivity to Marketing Mix Purchasing Behavior
Three Sources of Information Internal Interviews (conducted with the company team) External Interviews (conducted with current and prospective customers) External Research (databases, market research sources)
After we gather our data, we organize it in a “Fact Pack”.
A “Fact Pack” looks like this.
Next we add up the inputs in the three categories.
To illustrate, let’s see an example created by Intern Chris for one of his class projects.  He created a site called mountainbikingsandiego.com and developed a persona for it.   So meet Bill!
For those of you developing or redeveloping websites, the inputs from the Persona Reports can be used for Conversion Design.  For instance…
…developing your Information Architecture…
…and the Plausible User Case Scenarios.

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Who Is Your Business' MVP A DIY Guide to the Most Valuable Personas

  • 1.
  • 2.
  • 3.
  • 4. Demonstrate the key differences between market segmentation and strategic segmentation
  • 5. Debunk the myth of persona development and market segmentation
  • 6. Demonstrate how to organize information to develop personas.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17. 3V
  • 18. 3V
  • 19. Value Customer Who to serve? 3V
  • 20. Value Customer 3V Value Proposition What to offer?
  • 21. Value Customer 3V Value Proposition Value Network How to deliver?
  • 22. Value Customer 3V Value Proposition Value Network
  • 23. Markets Which segments & geographies? Value Customer Industries Which product service categories? 3V Value Proposition Value Network
  • 24. Markets + Industries = Persona Development
  • 25. Markets + Industries = Marketing Segmentation
  • 26. Persona Development is a form of Marketing Segmentation…
  • 27. Persona Development is a form of Marketing Segmentation… …that sticks.
  • 29. Identifier Variables Persona Development Response Variables
  • 30. Consumer Market Identifier Variables Business Market Persona Development Response Variables
  • 31. Demographic Consumer Market Psychographic Identifier Variables Geographic Business Market Market Size Persona Development Response Variables
  • 32. Demographic Consumer Market Psychographic Identifier Variables Geographic Business Market Market Size Persona Development Response Variables Behavioral
  • 33. Demographic Consumer Market Psychographic Identifier Variables Geographic Business Market Market Size Persona Development Benefits Desired Application or Usage Situation Response Variables Behavioral Sensitivity to Marketing Mix Purchasing Behavior
  • 34. These are the inputs you MUST gather in your research phase. Demographic Consumer Market Psychographic Identifier Variables Geographic Business Market Market Size Persona Development Benefits Desired Application or Usage Situation Response Variables Behavioral Sensitivity to Marketing Mix Purchasing Behavior
  • 35. Specifically… Demographic Consumer Market Psychographic Identifier Variables Geographic Business Market Market Size Persona Development Benefits Desired Application or Usage Situation Response Variables Behavioral Sensitivity to Marketing Mix Purchasing Behavior
  • 36. We gather information from three sources: Demographic Consumer Market Psychographic Identifier Variables Geographic Business Market Market Size Persona Development Benefits Desired Application or Usage Situation Response Variables Behavioral Sensitivity to Marketing Mix Purchasing Behavior
  • 37. Three Sources of Information Internal Interviews (conducted with the company team) External Interviews (conducted with current and prospective customers) External Research (databases, market research sources)
  • 38. After we gather our data, we organize it in a “Fact Pack”.
  • 39. A “Fact Pack” looks like this.
  • 40. Next we add up the inputs in the three categories.
  • 41.
  • 42.
  • 43.
  • 44.
  • 45.
  • 46.
  • 47.
  • 48.
  • 49.
  • 50.
  • 51. To illustrate, let’s see an example created by Intern Chris for one of his class projects. He created a site called mountainbikingsandiego.com and developed a persona for it. So meet Bill!
  • 52.
  • 53.
  • 54.
  • 55.
  • 56.
  • 57.
  • 58.
  • 59. For those of you developing or redeveloping websites, the inputs from the Persona Reports can be used for Conversion Design. For instance…
  • 61. …and the Plausible User Case Scenarios.
  • 62. …but we’ll talk about that in the Conversion Design lecture series.
  • 63.
  • 64. Follow the 70/30 rule to information organization.
  • 66. Determine what customers matter to your business (and which ones don’t).
  • 67. Transfer insights into your 2011 Operations Plan.
  • 68. Every section of the Persona Report counts! It reflects demographic, geographic, psychographic and behavioral traits.
  • 69. or visit us on Twitter @eboostconsults