One of the best ways to find new prospects is by finding similar people to your current customers. I used this metaphor of ‘Photos on the Mantel’ with many people and on a earlier post. The process is very straight forward, but does need a bit of control when profiling.
1. Start with your best 5 -10 repeat customers. If you don’t have repeat customers, this could be your first issue, but that is for a later conversation.
2. Create a unique and clear profile of a customer type and not a specific customer. Examples: Stay at Home Moms, Active Couples, Retired Sportsman or Young Parents.
3. Interview your 5 -10 top customers to uncover why they work with or buy from you. Define their needs, wants and how they were fulfilled.
4. Establish some basic character traits. Try to uncover favorite hobbies, times when they buy, general shopping preferences and even the type car they drive. These are all signs of spending habits and possible social influence.
4. Ask how they found you initially. Was it by print, a friend, radio, internet or social media? Know where each type found you. Everyone does not use the same methods.
5. Product or service types they obtain from you.
Now that you have your basic profiles, label your current customers into these profile types. You should start seeing patterns, if not, you may want to adjust or refine your profiles or customer choice. Some customers may fit into a few multiple profiles. If you start seeing most of your customers fitting in multiple profiles, refine your profiles yet again. Try to be as unique as possible. See profile example chart.
Now, finding new customers can come from current customers that have similar characteristics and needs. Use their associate network.
The second method is use these profiles to find places that various types of your people would be located, such as shopping areas, meeting groups, hobby shows and even online social groups. Similar profile types usually have similar spending, socializing and work habits. Again the key is similarity.
I hope these visual thinking sketches help you grow and prosper.
Until next time, see your path and stay the course. Without a map, you can’t see where you’re going, nor how far you’ve come.