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How to Target Your Ideal Customer Profile for Maximum Impact

Oct 28, 2024
How to Target Your Ideal Customer Profile for Maximum Impact


What if, instead of chasing countless leads, you knew exactly which clients were ready to buy—and stay?


Account-Based Marketing (ABM) thrives on this precision, but it all hinges on a clear Ideal Customer Profile (ICP). For companies implementing ABM, defining an ICP is essential, enabling a targeted approach that drives high ROI and builds lasting partnerships.

 

In an episode of Revenue Boost podcast, Erin Cigich, CEO of PerformCB, discussed driving business growth through account-based marketing (ABM) strategies. Erin shares her 17-year journey at PerformCB, focusing on how they identified their ideal customer profile (ICP) and aligned marketing with sales to generate high-quality leads.

In this article, we’ll explore how PerformCB CEO, Erin Cigich and her team transformed their approach by refining their ICP, and how this practice can transform your own marketing efforts.

 

Why Defining Your ICP is Essential

Account-Based Marketing is built on the principle of narrowing the funnel. Instead of marketing to a broad audience, ABM allows marketers to target specific, high-value accounts, and central to this approach is the Ideal Customer Profile (ICP). An ICP is more than a simple demographic or firmographic snapshot; it’s a composite of characteristics that represent your best-fit clients—those who are not only ready to purchase but can bring long-term value to your business.

Erin Cigich, CEO of PerformCB, shared insights on her company’s evolution from broad targeting to a tightly defined ICP. PerformCB, a results-based marketing firm, initially targeted a wide range of clients across various verticals. “We could work with anyone,” Cigich shared, explaining that this approach spread their resources thin and limited the effectiveness of their campaigns. “Finally, we said, maybe people aren’t crazy. Maybe there is something to this ideal customer profile thing,” she said, underscoring the realization that precision targeting, rather than mass outreach, yields more effective results.

 

A Data-Driven, Experience-Backed Approach of Building IPC

Defining an ICP isn’t always straightforward. Many companies struggle to distill an ideal client profile, even with a wealth of data. PerformCB faced this challenge as they narrowed their ICP from a broad potential customer base. Their team used a combination of data analysis and intuition based on years of experience. “We looked at a bunch of data,” Cigich noted, “but honestly, it wasn’t a roadmap. It wasn’t like, here they are.” Instead, they analyzed past client data and consulted long-tenured team members to identify traits shared by their most successful clients.

For PerformCB, some of the ideal characteristics emerged from evaluating verticals where they excelled—such as e-commerce, finance, and lifestyle. Another defining factor was the client’s willingness to commit to a specific outcome. “We want you to have some data and some understanding of what your customer lifetime value looks like” Cigich explained, highlighting the importance of pre-existing client data as a sign of client maturity and scalability.

Actionable Tip: Start by analyzing your client data to identify key characteristics, but don’t overlook internal insights from your team’s collective experience. This blend of data-backed and human-driven insights ensures a comprehensive ICP.

 

Prioritizing Quality Over Quantity in Lead Generation

One of the greatest advantages of a well-defined ICP is the shift from a high-volume approach to a high-quality approach. This pivot allows marketing and sales teams to focus on pre-qualified leads, reducing wasted time and resources on accounts unlikely to convert. For PerformCB, this quality-focused approach even led them to introduce a “test budget” threshold, requiring clients to commit to a minimum spend as a sign of scalability and alignment with PerformCB’s goals. This ensures that only serious, long-term partners move forward, streamlining PerformCB’s client acquisition and fostering mutually beneficial relationships.

Cigich stated, explaining that without this test budget, clients often lack the resources to scale successfully. This approach helped her team hone in on high-value accounts that are ready for growth. When marketing and sales teams work from a well-defined ICP, they operate in lockstep, reducing friction by focusing on leads that truly match business goals.

By narrowing their focus, PerformCB achieved better synergy between their marketing and sales teams, enabling faster and more targeted follow-up on qualified prospects. This level of alignment is invaluable, especially as companies pivot to ABM, where collaboration between sales and marketing is crucial for success.

Engagement Strategy: Consider establishing a similar threshold or qualification criterion to ensure that only committed prospects with realistic budgets enter your pipeline. This improves the quality of interactions and reduces friction between sales and marketing.

 

Turning Precision into Profit

Defining and targeting an ICP is more than just an initial step in ABM—it’s the cornerstone of effective account-based strategies. By focusing on a clearly defined ICP, companies like PerformCB drive higher returns, reduce wasted resources, and strengthen client relationships.

By applying these principles, companies can move beyond broad targeting and build ABM campaigns with precision, focus, and measurable impact. With a clear ICP guiding each step, ABM becomes less about casting a wide net and more about capturing the right opportunities.



Connect with Erin on LinkedIn to stay updated and engage with her expert insights!



Tune into the Revenue Boost Podcast to explore strategies that can drive your business growth. 

 

Ready to elevate your business and boost your revenue? Let’s chat! Connect with our expert marketing advisors today and discover tailored strategies to propel your growth. Visit our website for more.

Kerry Curran

Author


Passion for marketing, business development, and growth strategy has been the driving force behind her career since earning her MBA from University College Dublin in 2003. With two decades of leadership experience at premier agencies such as iProspect, Catalyst Digital Marketing, Digitas, GroupM, and Gen3 Marketing, Kerry has consistently crafted and executed innovative marketing and growth strategies for both clients and agencies, cementing her reputation as a visionary in the industry.

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© 2024 Revenue Based Marketing Advisors. All Rights Reserved.

Kerry Curran


Passion for marketing, business development, and growth strategy has been the driving force behind her career since earning her MBA from University College Dublin in 2003. With two decades of leadership experience at premier agencies such as iProspect, Catalyst Digital Marketing, Digitas, GroupM, and Gen3 Marketing, Kerry has consistently crafted and executed innovative marketing and growth strategies for both clients and agencies, cementing her reputation as a visionary in the industry.

Get in touch to find out more

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