Week 1 Sales Techniques and Processes Customer profiles

Sales Techniques and Processes

Customer profiles

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Sales Techniques and Processes

Customer profiles

At the end of the lesson you will be able to...

  • Identify the types of information held about customers in a B2C and B2B context.

  • Understand the factors that might influence a potential buyer's decision-making process.

  • Appreciate the importance of demographic, geographic, and psychographic data in sales.

  • ecognize the significance of customer buying patterns and purchasing history for business sales strategies.

  • Determine the role of estimated transaction volume and contact details in maintaining customer relationships.

Evidence

When you find a source, please create

  • an APA index source list

  • or take screenshots and make a list with links

What do you already know about customer information?

Types of customer information

Understanding customer information in trading is crucial for sales success.

Examples... what other groups do, I don't understand

What does demographic characteristics in a customer profile refer to?

A

Income levels

B

Product preferences

C

Statistical data about a population

D

Geographical location

What is not part of demographic information

A

Age & gender

B

Income & occupation

C

Race & Ethnicity

D

Brand loyalty

Demographic information

Characteristics such as age, race, ethnicity, religion, income, marital status, and occupation.


For your customer profile you describe:

  • Name

  • Age

  • Ethnicity

  • Occupation

For your customer profile you analyse (give sources)

  • Marital status (or social status)

  • Financial status (income)

What are examples of geographic characteristics in a customer profile?

A

Residing in a coastal region

B

Favorite color

C

Living in a rural area

D

Busing a certain brand

Why is geographic location important in a customer profile?

A

It affects how much they spend

B

It influences lifestyle and purchasing habits

C

It determines favorite phones

How can businesses utilize geographic characteristics in customer profiling?

A

Ignoring customer location

B

Selling universal products

C

Targeting specific regions for marketing campaigns

Geographic information

Information about customer locations, including type of location such as rural, suburbs or city.


For your customer profile you mention and describe:

  • Your customer's location

Which of the following is a psychographic characteristic in a customer profile?

A

Lifestyle preferences

B

Favorite color

C

Temperature preferences

D

Phone size

What does psychographic characteristics in a customer profile help to understand?

A

Blood type

B

Favorite city

C

Phone model

D

Values and beliefs

Which of the following is an example of psychographic segmentation?

A

Targeting tall individuals

B

Targeting all adults

C

Targeting environmentally conscious consumers

D

Targeting people with blue eyes

Psychographic information

Data on customer motivations, beliefs, lifestyle choices, social class, or personality types.


For your customer profile you analyse:

  • your customer's motivations

  • and values and beliefs

Why is the type and size of a business customer important in creating a customer profile?

A

To offer the same products to all customers

B

To ignore customer preferences and behaviors

C

To increase marketing expenses unnecessarily

D

To tailor products and services to their needs

How does the type and size of a business customer impact business strategies?

A

It only affects customer service policies

B

It influences pricing and distribution decisions

C

It results in uniform marketing tactics for all customers

D

It has no impact on business operations

Customer profile business person

Analyse the type and size of this customer

Why is it important to know on which social media platforms you can find your customer?

A

To increase your follower count.

B

To post content regularly.

C

To effectively target and engage with your audience.

D

To keep up with social media trends.

Why is contact information in a customer profile important?

A

To send promotional emails.

B

To personalize communication and provide better service.

C

To track customer online activity.

D

To monitor customer satisfaction.

Contact details

Information on how to communicate with customers, including preferred methods and preferred social media accounts.


Analyse the preferred methods and social media accounts in your customer profile

More information:

Buying patterns Details on how often customers buy and the number of items they purchase.

Purchasing history A record of when and how much customers have bought in the past.

Estimated transaction volume The expected number of purchases a customer will make.

Influences on buyer decision making Factors that affect how customers decide on purchases, including cost, commitment, and external opinions.

Definition List

Demographic: Characteristics such as age, race, ethnicity, religion, income, marital status, and occupation.

Geographic: Information about customer locations, including type of location such as rural or city. Psychographic: Data on customer motivations, beliefs, lifestyle choices, social class, or personality types.

Type and size of business customer: Information about whether customers are manufacturers or retailers and the scale of their business in terms of employees or income.

Buying patterns: Details on how often customers buy and the number of items they purchase.

Purchasing history: A record of when and how much customers have bought in the past.

Estimated transaction volume: The expected number of purchases a customer will make.

Contact details: Information on how to communicate with customers, including preferred methods. Influences on buyer decision making: Factors that affect how customers decide on purchases, including cost, commitment, and external opinions.

Customer Profiles

You are a store that sales phones and other personal electronic equipment and accessories. You create 6 diverse customers profiles (or personas):

  • One is hand drawn with an interview as evidence (recording or transcript) might be in a group

  • You will create a digital one now, using desk research (information on valid websites or in literature)

Write down 3 things you learned in this lesson.

Write down 2 things you want to know more about.

Ask 1 question about something you haven't quite understood yet.