Sitemaps
Assume Everyone Will Leave in Year One
Stop Listening to Investors
Was Mortgaging My Life Worth it?
What's My Startup Worth in an Acquisition?
When Our Ambition is Our Enemy
Are Startups in a "Silent Recession"?
The 5 Types of Startup Funding
What Is Startup Funding?
Do Founders Deserve Their Profit?
Michelle Glauser on Diversity and Inclusion
The Utter STUPIDITY of "Risking it All"
Committees Are Where Progress Goes to Die
More Money (Really Means) More Problems
Why Most Founders Don't Get Rich
Investors will be Obsolete
Why is a Founder so Hard to Replace?
We Can't Grow by Saying "No"
Do People Really Want Me to Succeed?
Is the Problem the Player or the Coach?
Will Investors Bail Me Out?
The Value of Actually Getting Paid
Why do Founders Suck at Asking for Help?
Wait a Minute before Giving Away Equity
You Only Think You Work Hard
SMALL is the New Big — Embracing Efficiency in the Age of AI
The 9 Best Growth Agencies for Startups
This is BOOTSTRAPPED — 3 Strategies to Build Your Startup Without Funding
Never Share Your Net Worth
A Steady Hand in the Middle of the Storm
Risk it All vs Steady Paycheck
How About a Startup that Just Makes Money?
How to Recruit a Rockstar Advisor
Why Having Zero Experience is a Huge Asset
My Competitor Got Funded — Am I Screwed?
The Hidden Treasure of Failed Startups
If It Makes Money, It Makes Sense
Why do VCs Keep Giving Failed Founders Money?
$10K Per Month isn't Just Revenue — It's Life Support
The Ridiculous Spectrum of Investor Feedback
Startup CEOs Aren't Really CEOs
Series A, B, C, D, and E Funding: How It Works
Best Pitch Decks Ever: The Most Successful Fundraising Pitches You Need to Know
When to Raise Funds
Why Aren't Investors Responding to Me?
Should I Regret Not Raising Capital?
Unemployment Cases — Why I LOOOOOVE To Win Them So Much.
How Much to Pay Yourself
Heat-Seeking Missile: WePay’s Journey to Product-Market Fit — Interview with Rich Aberman, Co-Founder of Wepay
The R&D technique for startups: Rip off & Duplicate
Why Some Startups Win.
Chapter #1: First Steps To Validate Your Business Idea
Product Users, Not Ideas, Will Determine Your Startup’s Fate
Drop Your Free Tier
Your Advisors Are Probably Wrong
Growth Isn't Always Good
How to Shut Down Gracefully
How Does My Startup Get Acquired?
Can Entrepreneurship Be Taught?
How to Pick the Wrong Co-Founder
Staying Small While Going Big
Investors are NOT on Our Side of the Table
Who am I Really Competing Against?
Why Can't Founders Replace Themselves?
Actually, We Have Plenty of Time
Quitting vs Letting Go
How Startups Actually Get Bought
What if I'm Building the Wrong Product?
Are Founders Driven by Fear or Greed?
Why I'm Either Working or Feeling Guilty
Startup Financial Assumptions
Why Every Kid Should be a Startup Founder
We Only Have to be Right Once
If a Startup Sinks, Founders Go Down With it
Founder Success: We Need a Strict Definition of Personal Success
Is Quiet Quitting a Problem at Startup Companies?
Founder Exits are Hard Work and Good Fortune, Not "Good Luck"
Finalizing Startup Projections
All Founders are Beloved In Good Times
Our Startup Culture of Entitlement
The Bullshit Case for Raising Capital
How do We Manage Our Founder Flaws?
What If my plan for retirement is "never retire"?
Startup Failure is just One Chapter in Founder Life
6 Similarities between Startup Founders and Pro Athletes
All Founders Make Bad Decisions — and That's OK
Startup Board Negotiations: How do I tell the board I need a new deal?
Founder Sacrifice — At What Point Have I Gone Too Far?
Youth Entrepreneurship: Can Middle Schoolers be Founders?
Living the Founder Legend Isn't so Fun
Why Do VC Funded Startups Love "Fake Growth?"
How Should I Share My Wealth with Family?
How Many Deaths Can a Startup Survive?
This is Probably Your Last Success
Why Do We Still Have Full-Time Employees?
The Case Against Full Transparency
Should I Feel Guilty for Failing?
Always Take Money off the Table
Founder Impostor Syndrome Never Goes Away
When is Founder Ego Too Much?
The Invention of the 20-Something-Year-Old Founder

How Startups Can Build Effective Buyer Personas | Startups.com

Keith Shields

How Startups Can Build Effective Buyer Personas | Startups.com

One of the biggest reasons that a startup’s marketing initiative fails is because they aren’t treating potential customers like people. It’s an easy mistake to make.

When you have target KPIs to meet, you need to be thinking in terms of numbers and metrics. But if you start seeing the world merely through the lens of numbers and begin to neglect the human element, your message is unlikely to connect with your target audience.

What’s the solution? Buyer personas.

Buyer Personas

Buyer personas are fictional representations of your ideal customers, based on real data and categorized by market segment.

When you envision a composite “person” as you’re creating your marketing content and messaging, you’re more likely to create something that’s relevant and meaningful to the people you’re trying to attract.

In order for these buyer personas to be effective, they have to be based on real data, not just your best guess or what you assume to be true based on your own experience with a few people you know in the same demographic as your target audience.

But, how can you find this information as a startup, without a pool of existing customers to study, if you don’t have a big budget for market research?

Here’s how:

1. Start Small

Even if you’re going to be targeting several market segments, you’ll want to focus on just a few personas to start with. It’s better to thoroughly know and understand a few personas than to have a surface-level understanding of many personas.

After you’ve run campaigns that performed well for your initial set of personas, you can tackle more.

2. Rely on Interviews

While interviews take more time than surveys or focus groups, they’re less costly and easier to conduct.

Surveys have a low response rate, so you’ll need to find thousands of people in your target market to send to.

Focus groups tend to be expensive because you’re hosting a group of individuals on site. Interviews, on the other hand, can be done over the phone.

And you really only need about a dozen people if you get a truly representative sample of your target audience.

Tip: Look for Interviewees in unconventional places

Typically, companies rely on their own customers and on purchased lists to do market research. But startups usually don’t have access to these. Instead, you’ll need to get creative. Here are some ideas.

  • Reach out to your network — Ask everyone you know if they could introduce you to someone in your target market for a 20-minute interview.
  • Ask your prospects — If you’re currently talking with anyone that you hope to convert to a customer, ask if they’d like to participate. This request will also give you another great reason to get back in touch!
  • Connect with people through organizations or clubs — Do many of the people in your target market segment belong to an industry organization or hobby club? These groups are excellent places to meet interviewees.
  • Watch social media — Check out social media groups that people in your target market hang out in. What questions are they asking? What are they talking about? You can learn a lot simply by eavesdropping on these conversations, and it’s easy to identify people that you’d like to interview.

Questions to ask your interviewees

The questions you should ask will depend on your specific product or service and the problems you solve or value you deliver. The questions will be quite different if you’re selling B2B vs. B2C. Here are the kinds of questions you’ll want to focus on to get you started.

B2B Questions:

  • What industries does your company serve?
  • What are the job titles of the buyers and/or decision-makers?
  • What’s your job title? What role do you play in your company?
  • What does a typical day look like for you?
  • How is your performance measured?
  • What are your personal work goals?
  • What do you want to be doing in five years?
  • What are your biggest challenges?
  • What frustrates you the most about your work?
  • If you could change one thing, what would it be?
  • How do you learn the information you need to do your job?
  • What blogs do you read? What magazines or other publications?
  • What associations do you belong to?
  • What social media platforms are you active on?
  • What is your educational background?
  • What was your career path up to this point?
  • How do you research options when you’re ready to buy a product or service?
  • What are you looking for in a vendor?
  • How do you prefer to interact with vendors? Phone? Email? Online? In person?
  • What is your evaluation process?
  • What are your personal demographics? (age, level of education, etc.)

B2C Questions:

  • What are your personal demographics? (age, level of education, etc.)
  • What does a typical day look like for you?
  • What do you want to be doing in five years?
  • What are your biggest challenges?
  • What frustrates you the most about [area of life or task your product or service impacts]?
  • If you could change one thing about [area of life or task your product or service impacts], what would it be?
  • What blogs do you read? What magazines or other publications?
  • What associations or clubs do you belong to?
  • What social media platforms are you active on?
  • Would you describe yourself as more impulsive when you make a buying decision, or do you take time to research all the options?
  • If you research your options, what does that process look like?
  • Does anyone else make buying decisions with you (partner or spouse, for example) or do you typically make purchases on your own?
  • What’s important to you when making a purchase?
  • What brands do you most admire? Why?
  • What brands do you purchase the most?

3. Ask Why

During your interviews, don’t be afraid to dig into the answers people supply. Ask “why?” to find out what’s underlying the answers.

4. Look for Commonalities

As you conduct your interviews, you’ll start seeing overlaps in the responses.

When you’ve finished all your conversations, analyze all the responses and look for answers that appeared in the majority of the interviews — these are the things you’ll want to focus on.

You can be fairly certain that these characteristics, feelings, or beliefs are shared among the majority of the people in your target audience.

5. Create Your Composite “Person”

The final step is to build the character of your persona. Give this fictional person a name, and describe who he or she is and what he or she cares about. Tell the story in a way that brings the person to life.

Now, when you’re creating your marketing campaigns, you and your marketing team have an accurate reference point. When you’re wondering if a certain tagline would resonate, “ask” your target persona.

When you’re considering which social channels to promote your new ad on, you won’t be wasting money on platforms that your audience doesn’t use.

Personas not only make your marketing more effective, they also save you from making costly mistakes.


Also worth a read:

  1. A Storytelling Blueprint for Better Marketing Personas
  2. How To Use Customer Insights To Build Your Brand
  3. How to Use Customer Stories to Grow Your Startup

No comments yet.

Upgrade to join the discussion.

Already a member? Login

Upgrade to Unlock