INSIGHTS

Momentum – new perspectives on demand generation

Demand gen­er­a­tion is the num­ber one focus of an ever-increasing num­ber of mar­keters. Faced by ever higher quarterly tar­gets, they need to deliver pre­dict­able res­ults from their activ­ity. But, all too often, the tra­di­tional six week B2B cam­paign is simply fail­ing to deliver.

In this white paper we explode the myth of the tra­di­tional sales fun­nel. We show how it is now time to move to a per­petual trigger-based approach. One recog­nising that dif­fer­ent cus­tom­ers will need dif­fer­ent inform­a­tion at dif­fer­ent stages.

Today, this inform­a­tion can be triggered by eas­ily observ­able cus­tomer beha­viour using mod­ern mar­ket­ing auto­ma­tion sys­tems such as Elo­qua. The res­ult is a more per­sonal, more rel­ev­ant and ulti­mately more effect­ive way to gen­er­ate and nur­ture demand.

Squeeze more out of the web

The web plays a cent­ral role in everything we do in mar­ket­ing today. But are you really get­ting the most you can out of it? In this video, we’ll take you through how you can deliver bet­ter res­ults and greater ROI. We focus on where you should invest and where you should pro­ceed with cau­tion. And we high­light how import­ant it is to think bey­ond the ini­tial click.

Squeeze more out of the web

Inside the mind of the IT buyer

There are many, many cus­tomer seg­ment­a­tions in the world of mar­ket­ing. Typ­ic­ally, these involve a chunk of research to determ­ine a set of buyer arche­types. These are often then given names such as ‘big man on cam­pus’, ‘har­assed MD’ and ‘digital refusenik’.

As an approach, they can be pretty help­ful. They provide a short­hand way of look­ing at an audi­ence – one which enables us to form more tar­geted strategies that speak to the real needs of our key targets.

The prob­lem, how­ever, is that typ­ic­ally they are simply made up.

That’s unfair of course. These seg­ments rep­res­ent por­traits of group­ings of char­ac­ter­ist­ics as seen by the research­ers. We get a group of people that kinda, sorta look like X. But the point I’m mak­ing is that exactly what these group­ings are is fun­da­ment­ally down to the sub­ject­ive view of the researcher.

Myers-Briggs – the ulti­mate segmentation?

A few years back, I decided to try to do bet­ter. I’d been on some lead­er­ship train­ing course and taken a test to determ­ine my Myers-Briggs per­son­al­ity. I found what it told me to be both accur­ate and intriguing.

Many of you will know of Myers-Briggs – it’s been around some 50+ years and is based on the work of Carl Jung. Essen­tially it breaks the world down into 16 per­son­al­ity types (which can be clustered into 4 groups). The indi­vidual types are given 4-letter codes. Mine is INTP which means I’m Intro­ver­ted, iNtu­it­ive, Think­ing and Per­ceiv­ing. I won’t go into more detail here as you can find out all that on the hundred’s of sites already devoted to the topic.

The key thing for me is that over the years mil­lions of people have taken Myers-Briggs tests (the most widely used is called the MBTI). This means that we have a huge body of evid­ence about what makes an indi­vidual per­son­al­ity type tick. I began won­der­ing whether we could use these types as a kind of über–segmentation system.

Typ­ing IT buyers

We decided that the only way to find out was to try an exper­i­ment. At Ban­ner, we cre­ated a kind of Myers-Briggs-lite test that could be com­pleted in a few minutes online. We then tested it to see that it broadly delivered the same res­ults as other tests. And then we invited IT pro­fes­sion­als in the US, UK, France and Ger­many to have a go. Every­one who com­pleted the sur­vey got a copy of their res­ults and a little bit of ana­lysis for their effort.

We got just under 1,000 responses. And the res­ults were rather remarkable:

Focus­ing just on Europe for a moment, out of the 16 types, two alone accoun­ted for 40% of the IT pro­fes­sion­als we sur­veyed. One was my own type, INTP (which we termed Archi­tects) with 22% and the other was ISTP (which we called Craftsmen).

We then com­pared Europe to the US – aston­ish­ingly the top per­son­al­ity type in Europe accoun­ted for just 5% of US IT professionals.

And France and Ger­many were almost polar opposites.

A present­a­tion of the top-line res­ults is embed­ded below. You can down­load it from Slideshare.

The good and the bad

So is this really the pan­acea for seg­ment­a­tion? Well, not quite.

Where it appears to work well is in spe­cial­ised job roles. As soon as it is exten­ded to more gen­eral busi­ness roles (eg gen­eral man­age­ment) the indi­vidual per­son­al­ity spikes van­ish and the dis­tri­bu­tion returns to that of the gen­eral population.

There are those who are not con­vinced by Myers-Briggs as an approach to per­son­al­ity – Google ‘Cri­ti­cisms of Myers-Briggs’ for a pretty com­pre­hens­ive list. There are a whole bunch of other com­pet­ing systems.

But, as a pos­sible approach it at least removes some of the sub­jectiv­ity from seg­ment­a­tion. The pro­files we built up (by review­ing every piece of lit­er­at­ure on the sub­ject) gave us over 60 dif­fer­ent per­son­al­ity attrib­utes – from how people make decisions and how they like to be com­mu­nic­ated with through to what kind of par­ents they make and how they react under stress.

See what you think.