Monday, 28 October 2024 04:40

How (and why) to build a product marketing strategy around your customer lifecycle

Rate this item
(0 votes)

In the early days, my company sold one product.

Our flagship product. The bestseller. The one we're known for. We built our business around the wired bra. And as a result, in ThirdLove's building stages, we devoted all of our focus to positioning and messaging around one key product.

Last year, we extended into a number of new categories.

Our original product marketing cadence focused exclusively on the flagship. With irons in so many fires, we found that our strategy had to evolve.

Especially when you venture into new categories, customers will visit you (virtually and/or in person) at different stages of a lifecycle: new customers, repeat customers and lifers. Each group has its own preferences and needs, which should be reflected in your product marketing strategy.

Understand what they prefer – and when. A company with many products is like a house with many rooms. Almost everyone enters through the front door, where they're all greeted by your flagship product.

You should look at your product marketing cadence through the eyes of new customers, repeat customers, and brand loyalists alike. Which of your products brings people in the front door, and how can you tailor messaging funnels to the needs associated with that product? 

How do customers tend to move through your product's secondary rooms, and how can your marketing be an effective tour guide?

To see through customers' eyes, you need to know how they think. Talk to them in focus groups and leverage data to understand at which stages of the lifecycle customers purchase which products. This is the power of product marketing personalization at work.

Leverage personalization to amplify your strategy. Once you understand what customers want and when, make personalized modifications to your marketing imagery and content. This starts with your website's hero images – how different customers are greeted when they land on your site.

Generally speaking: Core products drive new business, while new products drive repeat business. So, different categories of customers will respond to different types of hero images.

When a new customer visits your site, they should see core products, core messaging, core imagery. When a repeat customer visits your site, they already know about your main products, so show them hero images of other parts of your product ecosystem. 

You've earned their trust with your main offering. Now extend that trust into other dimensions of their lives.

Admittedly, with evolving web/cookie regulations, it may be challenging to break out web messaging this way. If you run into digital obstacles, default to core hero images for all site visitors.

Preserve core narratives across different products. When we launched activewear, we launched three different collections: low, medium, and high-impact – all designed for different types of activity. Of those three, one sold much better than the others.

Why? In retrospect, we determined that its high sales were due to the way its messaging mirrored our flagship product's messaging. With this new product, we emphasized benefits very similar to those of our core products. 

What that told us was that when we're putting new products into the market, we need to stay true to core tenets. The same will be true for all companies, especially with today's values-forward standards.

Romeo & Juliet notwithstanding, most people won't enter your home by climbing the garden wall. Use quantitative and qualitative data to understand the path customers take from the front door to secondary rooms, and use your marketing cadence as a map from stage to stage. 

The better you understand each category of visitor, the more of a personalized, hospitable experience you'll be able to give them.

 

Inc

March 15, 2025

Dangote Refinery further reduces petrol loading price amidst fresh crude supply from NNPCL

In a significant development in Nigeria's downstream oil sector, the Dangote Petroleum Refinery has further…
March 14, 2025

I know individuals in Tinubu’s govt who bought ministerial positions, El-Rufai claims

Former Kaduna State governor, Nasir El-Rufai, has revealed that he knows individuals who paid to…
March 14, 2025

How leaders train themselves to rethink and adapt faster

Paola Cecchi-Dimeglio Recognizing the value of rethinking is one thing—making it a habit is another.…
March 01, 2025

Man offers to split $525,000 jackpot with thieves who stole his credit card to buy…

A Frenchman appealed to the homeless thieves who stole his credit card to buy a…
March 14, 2025

Gunmen invade Kaduna communities, abduct 10

Suspected bandits have abducted ten villagers from three remote communities in Kajuru Local Government Area…
March 15, 2025

What to know after Day 1115 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Putin urges Kiev to order troops in Kursk Region to surrender Moscow is…
March 15, 2025

Humanoid robot with human-like competence unveiled in China

Du Qiongfang Humanoid robot manufacturer AgiBot in Shanghai unveiled on Tuesday its latest humanoid robot…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.