ENTR3310 Final Study Guide

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24 Terms

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What is an End User Profile?

A fictional representation of your target customer, the person who will use your product, answering “Who is your customer?” and guiding product or service design around their needs rather than what you want to sell

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End User Characteristics to Identify

Ages, goals, needs, aspirations, behaviors, motivations, interests, and fears, and products or services should be built based on these traits

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How to Create an End User Profile

Identify key characteristics such as gender, age, income, location, motivations, heroes, habits (vacation, dining, routines), media consumption, distinguishing traits, and reasons for buying, and tell their story to humanize the user

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End User

The individual who will use your product

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Decision Maker

Individual(s) who make the decision to buy

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Champion (Advocate)

Person who wants the customer to buy

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Primary Economic Buyer

Person with authority to spend money

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Influencers

Have sway or control over PEB’s decision (Veto Power, etc)

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Persona

A detailed representation of a specific customer that explains who they are and what they need or want, providing invaluable insights

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Customer Persona

A real person representing your primary target market, providing definitive insights, filling gaps, and correcting misjudgments from the end user profile

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How to select a Customer Persona

Choose a real person from your primary research who would pay for or influence the purchase and is willing to engage, involve the whole team, and ask: “If I had only one end user to represent my profile, who would it be?”

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Why use a Customer Persona?

Helps guide decisions by showing what the persona would prioritize, serving as a reference when information is lacking and ensuring the organization understands the target customer

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How to Build a Customer Persona

Create a fact sheet with: real name, life details (birth, education, family, age), job info (company, experience, training, salary), picture, prioritized purchasing criteria, and any unique traits to fill gaps

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Questions We Ask Before Buying
Why this brand, company, product, service, price? Do I trust it?
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How Companies Earn Trust
By answering the customer’s unspoken question: “Why choose us?” before it is asked
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How People Make Buying Decisions
  • Logical: Product specs, warranty, price, color, size, ease of use (tangible & obvious)

  • Emotional: Feelings of success, relief, pride, joy, fear (intangible & less visible but equally important)

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Customer Value Proposition (CVP)
A marketing statement explaining why a customer should buy a product or service, specifically targeting potential customers rather than employees, partners, or suppliers
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Value proposition
A positioning statement that explains the benefit you provide to your target buyer, the problem you solve, and why your company does it uniquely better than alternatives.
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Customer Value Proposition – Key Questions
  • What value do we deliver to customers?

  • Which problems are we helping solve?

  • Which needs are we satisfying?

  • What bundle of products/services do we offer each segment?

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What Makes Us Unique / Creating a CVP
Focus on quantifiable values such as increasing revenue, reducing costs, improving speed or efficiency, enhancing safety, reducing turnover, or boosting retention, while considering customer jobs, problems, and benefits, and prioritize their top needs
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Key Considerations for CVP
  • Service: Customers value excellent service

  • Uniqueness: What makes you different; what only you provide

  • Price: Not enough alone; combine with other benefits

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Common CVP mistakes
  • Vague statements: “unique,” “innovative,” “disruptive,” “advanced technology”

  • Benefits aimed at the wrong person

  • Benefits the customer doesn’t care about

  • Focusing on technical aspects instead of value

  • Listing features instead of benefits

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Features
Attribute about a product or service
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Benefit
The actual results of the product or service