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February 5th, 2016
What Is the Buyer's Journey?
The buyer’s journey is the active research process a potential buyer goes through leading up to their purchase. It follows them through the stages of becoming aware of a need, considering different solutions to fulfill that need, and then making a decision between the different solutions.
I am a firm believer that a website is your best salesperson - tirelessly working all hours of the day and night, delivering that critical first impression and continuously driving value for your potential buyers.
In doing this, your website carries a megaton of responsibility.
Its single greatest objective, however, is to deliver prospects the information they need, when they need it, and provide clarity around next steps. That's why understanding the buyer's journey is so important.
There are several buyer journey models, but for the purposes of this two-part article, we’re going to explore the model HubSpot (and IMPACT) defines as the inbound buyer’s journey.
Rather than a cut-and-dry explanation, in part one of the article below, we’ll try to bring it to life through story and examples.
What is the Inbound Buyer’s Journey?
The inbound buyer’s journey is the active research process a potential buyer goes through leading up to their purchase. As we dive in, let’s first personify an example of a potential buyer (or prospect) and craft a story around their journey.
Also, let’s understand and review the stages of this journey and what each represents.
Keep in mind that the actual thought and research process may be different for your buyers which is why it is imperative to go through the Buyer Persona development process.
Walking Through the Buyer’s Journey
Gary is a 34-year-old Data Analyst who is tired of continuously addressing the same database errors over and over again.
Unfortunately, he isn’t equipped with the right tools to manage his data quality. He’s stuck using expensive, cumbersome on-premise software. In order to complete any reasonable fixes, he must consult with the internal IT team and HOPE that they respond before any critical business decisions need to be made based on his data.
Gary is constantly being pressured by his manager around the quality of his data as a result of these issues. He knows that there’s a better way and tomorrow he has set aside a few hours to begin his research for a new option.
This is the start of his journey.
Stage 1: Awareness (Top-of-the-funnel)
The first stage of the buyer’s journey is truly about discovery. Gary is aware of his data problem and heads right to Google looking for some resolution. He’s anxious to find high-level, educational content that will help him to more clearly identify both his actual problem as well as some initial requirements to address it.
Below are some “Awareness” search terms he would use:
Improve data quality testing
Prevent recurring data quality issues
Optimize database integrations
Troubleshoot problem data sets
The “Awareness” stage content will typically appear in the following formats (among others):
Educational Blog Articles
eBooks, Whitepapers, Checklists, or Guides
After absorbing several pieces of content, Gary will begin framing his challenges as well as his opportunities to solve them. With this understanding, his next step will be to begin “considering” the different solutions available.
Stage 2: Consideration (Middle-of-the-funnel)
Entering the “Consideration” Stage of the inbound buyer’s journey means Gary can clearly articulate his exact problem.
For the purposes of our story, Gary has identified that the reason he is consistently plagued with data errors is because he does not have any automation built into his data quality process. He must continuously rediscover the same issues every time he runs a manual query or check against the database. No bueno!
Gary heads back to Google to continue his research by diving deeper into solution-oriented content. He needs to know more about and compare the available approaches he can use to solve this problem, so he’ll be using the following terms or questions in his search:
Best data quality automation software
Data quality automation services
How to run multiple data queries automatically
Automatically compare data sets
Setting data quality objectives
“Consideration” content will typically appear in the following formats (among others):
More specific and technical blog articles
Comparison Whitepapers or eBooks
Live or recorded Webinars
Product Feature Videos
Although Gary is still most likely not in a “buy-it-now” mindset just yet, he has educated himself enough to take the next step his buying journey where the big decision will be made.
Stage 3: Decision (Bottom-of-the-funnel)
All of this effort will have led Gary to several solution provider’s websites.
Based on the content he’s engaged with thus far, he’s been compiling a hot-list of vendors he believes will be the best fit, not only from a solution perspective, but also from a company culture perspective.
He wants to work with a vendor that:
Have a proven expertise in the space
Is at the right price point
Has proven they’ve solved similar challenges in the past
“Gets him” - They know and understand his challenge even better than he does
Has a beer fridge, a dog listed as an employee in their office, and tons of group photos at local charitable events
In order to actually make a decision on a particular vendor, it means he’ll have to consume additional content that not only supports his working requirements mentioned above, but also appeases the Selectors, and Approvers, ie. his boss, and boss’ boss….
These pieces of content usually come in the following format:
Documented Success Stories, Case Studies, or Testimonials
Vendor, product, or pricing comparison documents
Live demonstrations or consultations
Free product trials
“About” or “Our Story” Website Pages
As we come to the end of Gary’s Buyer’s Journey, he’ll have built up enough trust and confidence in a particular vendor to make his ultimate buying decision.
There is a very clear and defined process for which modern buyers come to make a purchasing decision
The three stages of the Inbound Buyer’s Journey are Awareness, Consideration, and Decision.
Awareness Stage: Through online research, the buyer is trying to identify their own problems in a more acute and specific way.
Consideration Stage: Once the buyer has identified their problem, they begin researching specific solutions for that problem, which leads them to potential solution providers, partners, or vendors.
Decision Stage: After engaging with enough expert, trust building content, the buyer can filter their solution provider list down and make a confident decision in who they want to work with.
Each stage of the inbound buyer’s journey requires unique content types that range from site pages and blog articles to downloadable offers and live demonstrations.
Your website is truly your best salesperson and as such, needs to cater to the specific buying journey of your persona.
Next week, in part 2 of this article, we'll look at specific elements of the buyer’s journey that help create a website experience that speaks to your buyer’s needs, problems, and behaviors and how to embrace them on your website.Check it out here!
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