Established in 2008, Honcho is a Search marketing agency that powers growth for ambitious brands through advanced SEO, PPC, Paid Social, Content and Digital PR.
This promoted content is produced by a publishing partner of Open Mic. A paid-for membership product for partners of The Drum to self-publish their news, opinions and insights on thedrum.com - Find out more
The key benefits of brands carrying out customer interviews
November 18, 2022
By Jade Halstead, marketing manager
Marketing has never been so competitive. With the cost of living increasing and inflation rising, customers are being more frugal than ever, plus, with people being shown up to 5000 ads a day, we marketers have our work cut out.
However, there are smart tactics and solutions available to us if only we are open and receptive to trailing and/or implementing them.
In this article, we look at the importance of understanding buyer psychology and why conducting customer interviews is imperative for brand success.
Introducing buyer psychology
In simple terms, it’s understanding the psychology of your buyer.
Although it’s been around for years, many marketers and brands have opted for the classic ‘buyer persona’ where marketers create the perfect buyer rather than focusing on their product and working backwards. If they were to do this, many brands would find themselves with a completely different target audience than the one first anticipated.
Buyer psychology is the term used to describe in-depth profiling, thought patterns and customer behaviors. It allows us to understand our buyers and why they make decisions to purchase.
Marketing is about understanding people. It’s that simple. And that hard.— Katelyn Bourgoin ⚡️ (@KateBour) Thu Nov 17 15:02:16 +0000 2022
What are the benefits of understanding buyer psychology?
1. Save money
2. Save time
3. Increase your sales and revenue
Understanding is power, and understanding your customers takes the guesswork (and frustration) out of your marketing.
When you understand your audience and what makes them buy, you can use these insights to inform every area of your business and ultimately, make smarter marketing decisions.
What it can help you do:
• Target the right audience
• Create the right messages
• Provide the right content
Because right now, your five perfectly constructed personas might give you some key demographics and where your buyer likes to hang out online, but do they provide you with the emotional trigger that makes them buy?
Nope. (Unless they do, then kudos to you).
Understanding your audience on a deeper level saves you money. Your ads will convert better and start catching more attention, your landing pages will start answering the questions your potential consumers have and you’ll be able to create an intelligent marketing strategy.
The benefits of hosting customer interviews
In business, it’s common (but not best practice) to assume we know what our customers want and why they want it based on the ‘solutions’ we think our products provide.
Interviews are the best way for you to gain extensive knowledge of your customers and why they bought from you. They’re an opportunity to ask in-depth questions which will provide you and your marketing team with a comprehensive dataset and guidelines on how to market more effectively.
During customer interviews you will be:
• Focusing on buyer psychology
• Discussing the real problems your customers are facing and dive into the triggers, emotions and journey they went on from ‘problem aware’ to purchase
• Asking open-ended questions to encourage detailed feedback
• Asking them about how they overcame the barriers they were faced with
Customer interviews are also a great way to get data on anything you want:
- How did they become aware of the offering?
- How did they discover your brand?
- What are their day-to-day spending habits?
- What product-related challenges have they faced?
- What messaging resonates
As customer interviews are flexible, you can adapt the questions and the format however you like to get the answers you want.
Customer interviews vs surveys
Surveys have their place within the realms of marketing, but interviews are the platinum standard for gathering the data we want.
When speaking face to face, people are more likely to give you longer and more descriptive answers which will give you the information you’re looking for.
Or if they don’t give you enough information, you can ask more questions to tease it out of them.
Understanding consumer buying triggers and decisions
During the interviews, the key things you will be looking to understand are:
1. Trigger moments
2. Key drivers (job to get done/problems they’re trying to solve)
3. Buying motivations
4. Emotional decisions (selfish desires)
Buying journeys are more complex than we think and buying decisions aren't always straightforward. Depending on the product being purchased, the buyer could go on a long and winding journey before clicking the all-important confirm order button.
Once you understand the trigger, you have compelling information to guide your next steps.
The power of knowing your customers trigger moments
A trigger moment is a key event in your customer's life that makes them realize they need a solution to a problem.
People who have been triggered don’t always know the solution to their problem, but they’re aware they have a problem. This is where you can step in.
Understanding the steps your consumers will take before purchasing gives you insights as to how you can reach your customers and provide value before they actively start looking to purchase. As when they actively start looking, this is when you’ll be competing against a large number of other brands who can also offer them a solution.
You will need to think outside of the box and get creative at this stage, but that’s the best part about marketing.
Which customers should you interview?
If you already have your customer segmentation defined, reaching out to customers from the top three segments is a great place to start interviews. This is because the majority of your customers will fit into one of these three segments.
You should also have a mix of new customers, superfans (people who buy from you often) and every-so-often buyers from each segment.
We encourage you to interview the customers as close to their purchase date as possible so they can recall their journey clearly.
Another great way to gain insights and research your audience is to engage with your customers on social media. Think Reddit, Facebook groups etc. What potential questions will your future consumers be asking? (Hint: You’ll find out after you’ve interviewed them).
How to encourage/reward customers for being interviewed
Most people love to give their opinions and if they’re a happy customer, they are usually more than happy to get involved for free.
However, to build loyal fans and reward them for their support, we recommend gifting with the following:
1. Store voucher
2. Donation to a charity of their choice
3. Branded goodie box
When interviewing your customers, you need to put your best detective hat on as you’ll need to tease out your customer's underlying emotions and feelings. It’s important that the interviewer has a good understanding of human psychology and behaviour in order to interpret what the customer is saying.
You should focus on building rapport for the first few minutes when starting the interview. Ask them questions about themselves and be interested. What happens in the first few minutes either sets up the interview for success or failure.
If you build rapport early on, this will encourage the interviewee to be honest due to feeling comfortable in your presence.
Every interview will be different and you should have some initial questions prepared to guide the conversation, however, once you start your detective work, they may go out the window.
Top tip: Create different interviews for gathering different types of data. Rather than being extremely broad, hone in on one or two topics within each interview.
If you're ready to start a conversation on how buyer psychology can help your brand, reach out.