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It was a mind expanding exercise and set a clear structure for me to rethink what is really the differentiation factor in our product. . The method to define what the core value and differentiation factor is very similar across business models and industries. B2B type of business will focus on different KPIs than B2C type of business.
Don’t make decisions solely based on competitors, but know who your competitors are, their differentiating capabilities, their shortcomings, and how to shed light on their shortcomings without ever talking poorly about a competitor. Knowing their differentiating capabilities can help you capture market share away from your competitors. .
This is where B2B and B2C product management completely diverge. Differentiation becomes easier now because your relevance quotient is much higher in your chosen markets versus horizontal-only competitors. It’s the easiest way to differentiate and not get forced into competing on price. Tier 2: Department Value.
What differentiates you from others? She works to bring ideas to life by building innovative products in the B2B2C and B2C world that positively influence people’s behavior on a societal scale. What: What is the minimum set of features that you could build, and test that you are indeed solving the needs of the users? Make It Right!
What differentiates Intercom is how engaging the the Visitor Auto Messages are. The post How B2C companies are using live chat to drive sales and offer a personalized customer experience appeared first on Inside Intercom. Our welcome message alone prompts valuable conversations we might not have had without the Messenger.
Turning a sales objection into a unique differentiator. Rather than shying away from the marketplace, she embraced it as Udemy for Business’ unique differentiator. The patterns Yvonne and the team see on the B2C side often foreshadow behavior on the B2B side. “We Yvonne swiftly flipped this story on its head.
But thanks to his experience as a marketing leader in both B2C (in online gaming ) and later in B2B (at AdRoll , where he managed 45 people and a budget of €30 million), Shane had a keen sense of how to continue fueling growth by moving upmarket and differentiating from a crowded marketplace.
Whether B2C or B2B, all businesses must now deliver digital experiences that are easy to use, delightful, and personal. As a result, digital technologies are being seen as the critical differentiators they are. Second, expectations are rising for consumer-grade experiences.
While this article focuses on startups in B2B markets, we can extend it to B2C and B2B2C, while some considerations might be different. A startup focused on differentiation should consider methodologies where customer experience, time to market, etc. In other cases, regulations might be the way to transform industries.
In direct B2C marketing, market segmentation usually involves segmentation based on demographics, behavior, geography, and so on. The solution providers that truly have differentiating value built into their products are extremely good at this part. Segmenting a B2B market is much simpler because there are fewer variables.
James builds products and services which delight customers and differentiate companies. Vasu is a product leader with over 9 years of experience in B2C startups and business strategy. James Alexander Founder and Head of Product, Vizibility. She’d like to thank Kanban & Agile development for all of their support.
They got a lot of positive press and their B2C (business to consumer) marketing team worked hard to drive their success and tell their story. Also, they were entering a very crowded market, and they struggled to differentiate. They are provided with coupons and discounts and given transparency with varying costs between pharmacies.
For inspiration, here are the original ideal customer profiles (ICPs) for top B2B products and, below that, the original target audience for top B2C products (what I call the “super-specific who”). Change your target audience/ICP You may have the perfect solution to a different person’s problem.
David Krell is the VP of Product at Going (formerly known as Scott’s Cheap Flights), a B2C SaaS company that helps members save between 40–90% off airfare. Thomas believes Vistaly’s key differentiator is the fact that the tool guides users to behave in specific ways.
As one of the newest entrants in the Connected TV advertising space thats rapidly growing, they seek to build unique value propositions that differentiate Netflix from other ad-supported streaming services. B2B Product Managers with no B2C experience. Who would be the best fit for this job? Who would be a BAD fit for this job?
James builds products and services which delight customers and differentiate companies. Vasu is a product leader with over 9 years of experience in B2C startups and business strategy. James Alexander Founder and Head of Product, Vizibility. She’d like to thank Kanban & Agile development for all of their support.
I collaborated recently with a frustrated designer trying to advocate for more access to behavioral analytics in her organization (massive scale B2C). It is about differentiation, learning and problem-solving, exploring step changes and seizing new opportunities, and moving teams closer to the “edge”—the users and customers.
Of the 1000 companies we signed up for to study their onboarding, 73% of B2C companies offered a free or freemium product, and 86% of B2B brands offered a free trial instead of freemium. We will then explain the benefits of freemium for SaaS and why they work well for B2C companies and not so great for B2B.
Country : Differentiates based on national needs and regulatory environments. Usage frequency : Differentiates customers on how often they use your product or service, distinguishing between disengaged and engaged users. Urban vs. rural : Considers urban or rural settings to address specific challenges and opportunities.
Find the slices of your business that perform by things like: Vertical: B2B vs B2C, SaaS vs e-commerce, etc. Your best customers are the ones you can sustainably acquire, who use your product deeply and get differentiated value. If their value isn’t differentiated (i.e. Customer size: 0-9, 500+ employees etc.
and its B2C counterpart at 5.7%. Part of that difference is due to the fickle nature of consumers, but about 40% of the differential is due consumer’s higher involuntary churn. Software/ SaaS While overall software suffers a relatively low average churn rate, the rate differs between B2B software at 4.5% for B2B products and 9.7%
The spectrum of companies in Online Dating Market The online dating platforms can be divided into two dimensions regarding the strategy they use: one is the concept differentiations and another is the market focus and we can see that in the image below. Hope you enjoy! People ask for recommendations on forums about experiences in dating.
If you’re short on time, here are a few quick takeaways: A company’s differentiator, or the reason their customers choose them over others, only lasts as long as their ability to improve faster than others can copy. But I think for the rest of us, building B2B or B2C SaaS tools, speed actually matters a whole bunch.
It’s a good concern and a great question, one that underscores that the product management function has matured and become more essential, and as he pointed out, the internet has made both B2B and B2C marketing more quantitative and complex. However, I have long believed that it is important for these two functions to remain as one.
In the article, we explore what anticipatory design is, discuss its benefits, identify its elements and look at a few good examples in B2B and B2C products. This distinguishes it from product tours which don’t differentiate between different users and show them the same guidance whether they need it or not. Let’s get to it!
Differentiates serious users from spam signups. Easy to use products such as most B2C SaaS apps — the UI is simple enough to trigger the initial ‘Aha!’ Higher activation % after successful signup; users are more likely to activate if they go through the whole process. Easier to instigate the initial ‘Aha!’
One of the core tenets of a product-led growth strategy is that products exist as both a revenue engine and a competitive differentiator. Being able to make personalized recommendations are table-stakes in today’s B2B and B2C technology markets. Part 4: Use Personalized Targeting & Recommendations to Boost Engagement.
James builds products and services which delight customers and differentiate companies. Vasu is a product leader with over 9 years of experience in B2C startups and business strategy. James Alexander Founder and Head of Product, Vizibility. She’d like to thank Kanban & Agile development for all of their support.
As we delved into these industries, we realized that our usual research approaches for regular B2C (Business-to-Customers) companies weren’t really cutting it. When it comes to average purchases on a B2C platform, individual decisions are usually impulsive and driven by momentary preferences, emotions, and desires. Probably not.
Both product personas (B2B) and user personas (B2C) describe somebody who users the product while buyer personas describe those who decide to buy products. The term user persona is mostly used in B2C while product persona is more common in B2B contexts. These are most likely to be the key differentiators. Interested?
Decision-makers are seeking out the same ease of use, beautiful design, and overall great experience in B2B solutions that they’ve come to expect in business-to-consumer (B2C) products and solutions. And yet, many B2B brands struggle to provide the frictionless experience consumers have come to expect from B2C brands.
This leads one to wonder, had Google Glass done better customer profiling ahead of launching the product (selling to the B2B audience versus the B2C audience), would the Google Glass had flopped on its initial debut? Two metrics that I’ve found useful for the Top of Funnel include: Conversion percentage from B2B demand generation marketing.
Most marketplaces are B2C companies (Peer-2-Peer model by nature) and that implies that you will need to have scalable & most of the time organical growth channels ?—?SEO Reference: [link] Quality and transparency regarding the content are also very interesting differentiators that you could invest?—?platforms
For B2C, you’ll need to find out things like age, location, marital status, education, income, ethnicity, religion, and other demographic details. Maturity : When you’re in a crowded market, price becomes a crucial differentiator because there are fewer differences, feature-wise, in the products/services offered. Focus groups.
B2B customers are expecting round-the-clock help (similar to B2C customers). Digital CS is a key differentiator that can help companies win new business and scale efficiently to get a competitive edge. Digital CS helps companies differentiate from competitors, meet customer expectations, and boost NRR—at scale.
Stage : Early-stage for B2C, an evergreen lever for B2B. What’s your differentiator, and how will you maintain it? Stage : Early-stage for B2C, an evergreen lever for B2B. Sometimes this includes convincing them to switch from a different platform, sometimes it includes teaching them how to do it in the first place.
For example, a B2B company launching a complex enterprise software solution might require a strong understanding of technical specifications, while a B2C company marketing a consumer app might prioritize experience with social media marketing and user experience (UX) principles.
Centercode, the leader in providing end-to-end Customer Validation software-as-a-service (SaaS) solutions to global B2C and B2B enterprises, announced that it has closed on a growth equity investment led by NY-based private equity firm Argentum.
Centercode, the leader in providing end-to-end Customer Validation software-as-a-service (SaaS) solutions to global B2C and B2B enterprises, announced that it has closed on a growth equity investment led by NY-based private equity firm Argentum.
If you become so digital that your company loses its personality, you immediately go into the world of being a commodity, and there it’s hard to differentiate yourself from others. This transcends across B2B and B2C. Now here is the potential danger. It’s very difficult to create empathy and an emotional connection.
In fact, customer intelligence agency Walker has predicted that “experience will overtake price and product as the key brand differentiator by 2020”. Whether you play in B2B or B2C, asking questions to uncover new truths about users is essential for driving product innovation and loyalty.
In fact, customer intelligence agency Walker has predicted that “experience will overtake price and product as the key brand differentiator by 2020”. Whether you play in B2B or B2C, asking questions to uncover new truths about users is essential for driving product innovation and loyalty.
Conversion is where potential customers differentiate your solutions from your competitors’—and this is where you can influence their decision. Within SaaS (especially B2B, B2C, and e-commerce companies), the onboarding process is usually unwieldy, and churn is always a potential risk.
If of the ten early adopters, four are incredibly happy with your MVP and are passionate to spread the word about it, you need to understand what is it that differentiates these four from the remaining. This is because, for most for B2C products, the user is also the customer. This will help you refine the segment you are targeting.
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