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

May 10, 2025

Marketers import N2.4tn petrol as competition with Dangote Refinery intensifies

Tensions have escalated between major oil marketers and the Dangote petroleum refinery as they compete…
May 10, 2025

Multiple political parties hinder governance, one-party system could work - Ganduje

Abdullahi Ganduje, national chairman of the All Progressives Congress (APC), suggested that a one-party system…
May 10, 2025

The No. 1 lesson I learnt about relationship building, from a human connection specialist

Developing healthy, lifelong connections is something that Mark Groves knows all about: He equips individuals…
May 10, 2025

Town residents involutarily get high after Police burn 20 tons of confiscated cannabis

The 25,000 residents of Lice, a town in Turkey’s Diyarbakır province, involuntarily got high after…
May 10, 2025

Gunmen kill 30 travellers, burn 20 vehicles in Imo, Amnesty says

Gunmen shot dead at least 30 travellers in an attack in Nigeria's southeastern Imo state,…
May 10, 2025

Here’s the latest as Israel-Hamas war enters Day 582

Israel won't be involved in new Gaza aid plan, only in security, US envoy says…
May 07, 2025

The first driverless ‘trailers’ have started running regular longhaul routes

Driverless trucks are officially running their first regular long-haul routes, making roundtrips between Dallas and…
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; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.