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How Beko Develops Products Global Consumers Are Eager To Buy
How Beko Develops Products Global Consumers Are Eager To Buy
How Beko Develops Products Global Consumers Are Eager To Buy
consumers to describe the way they dry clothing and store rice can be used
in product descriptions.
At a recent IFA Fair in Berlin, Germany, the world’s leading trade show
for consumer electronics and home appliances, the Beko refrigerator won
a coveted innovation award. But you simply can’t make such products up
in your conference room. The only way to learn about customer needs in a
global marketplace is to spend time speaking with buyers in the countries
where you plan to sell.
That’s also the only way to tap insights from buyers to create web and
social media content that appeals to consumers in your markets.
So whether you’re a product developer or a marketer, buyer persona
research will give you insights to drive success.
and phrases they use. This is important not only for building a positive
online relationship with your buyers but also for planning effective search
engine marketing strategies. After all, if you are not using the phrases your
buyers search on, how can you possibly reach them?
Let’s take a look at the importance of the actual words buyers use, by way
of an example. Several years ago, I worked with Shareholder.com to create
a web content strategy to reach buyers of the company’s new Whistleblower
Hotline product and move those buyers into and through the sales cycle.
The Shareholder.com product was developed as an outsourced solution for
public companies to comply with Rule 301 (the so-called Whistleblower
Hotline provision) of the U.S. Sarbanes-Oxley legislation that was passed
in the wake of corporate scandals such as Enron. Most important, we inter-
viewed buyers (such as chief financial officers within publicly traded com-
panies) who were required to comply with the legislation. We also read the
publications that our buyers read (such as CFO, Directors Monthly, and the
ACC Docket of the Association of Corporate Counsel); we actually down-
loaded and read the massive Sarbanes-Oxley legislation document itself; and
we studied the agendas of the many conferences and events that our buyers
attended that discussed the importance of Sarbanes-Oxley compliance.
As a result of the buyer persona research, we learned the phrases that buy-
ers used when discussing the Sarbanes-Oxley Whistleblower Hotline rule, so
the content that we created for the Shareholder.com website included such
important phrases as “SEC mandates,” “complete audit trail,” “Sarbanes-
Oxley rule 301,” “confidential and anonymous submission,” and “safe and
secure employee reporting.” An important component of the website we
created (based on our buyer persona research) was thought-leadership-
based content, including a webinar called “Whistleblower Hotlines: More
Than a Mandate” that featured guest speakers Harvey Pitt (former chairman
of the U.S. Securities and Exchange Commission) and Lynn Brewer (author
of House of Cards: Confessions of an Enron Executive). Because this webinar
discusses issues of importance to buyers (not only Shareholder.com prod-
ucts), and the guest speakers are thought leaders that buyers are interested
in learning from, 600 people eagerly watched the presentation live.
“The webinar was very important because when we launched the prod-
uct we were starting from a position with no market share within this
product niche,” says Bradley H. Smith, who was director of marketing/
communications at Shareholder.com at the time. “Other companies had
already entered the market before us. The webinar gave us search engine