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How to use your buyer personas to build your 2017 search marketing budget - Search Engine Land

How to use your buyer personas to build your 2017 search marketing budget - Search Engine Land | The MarTech Digest | Scoop.it
1. Lifetime value
When you add customer worth to your buyer personas, you’ll be selling them short if you neglect LTV. After all, a customer who buys a Ferrari on a $0 down payment promotion is worth a lot more than $0!

2. Cost per acquisition
In my experience, to make a reasonable profit with a buyer persona, the LTV for a given persona needs to be at least four or five times larger than their CPA. If it costs more than 25 percent of your LTV to close a buyer persona, something in your marketing needs to change.

3. Buyer scarcity
Knowing how many potential customers you have within each persona will help you decide how much you can spend marketing to them and still expect a return on your investment.
Joemktg's insight:

You're B2B. You know your audience. You can identify your buyers. Stop guessing and get personal.

 

MarTech is the best tool available to bridge the gap between Sales and Marketing. Contact us to see how. #MarTech #DigitalMarketing

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Adobe: Paid Search Growth is Slowing - CMO.com

Adobe: Paid Search Growth is Slowing - CMO.com | The MarTech Digest | Scoop.it

marketingIO: One Source for All Marketing Technology Challenges. See our solutions

Joemktg's insight:

One guess where it's going...

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