ICP Segments | Criteria | ππ»ββοΈ ICP 3 | ππ»ββοΈ ICP 5 |
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ποΈ Market | Ideal customer profile name | Vedant Gupta | Asna Oberoi |
Age | 25-40 | 30-35 | |
Buying Frequency | 1-2 a year | Every 2-3 Months | |
Goals | Buying a gift for a partner | Buys jewelry that complements her style or matches the clothing sheβs wearing on any particular day. | |
Income levels | 1 Lakh+/month | 1 lakh+/month | |
Gender | Male | Female | |
Location | Tier 1 & Tier 2 Cities | Tier 1 and Tier 2 Cities | |
Companies | Consultant SME Owner Works in Technology Company Influencer Fashion stylist Doctor | Freelance Marketing Consultant, Micro Influencer- self employed. SME Owners Influencer Works in technology company Doctor | |
Marital Status | Married and Unmarried | Married and Unmarried | |
Where do they spend time? | -Social Media Platforms: Instagram, Facebook and Youtube - Going out with friends - Watching cricket matches - Spending time on OTT platforms -Attending corporate events and meetings with clients -Partying and clubbing -Travel to outbound destinations | -Social Media Platforms: - Instagram: Following fashion influencers - Pinterest: Seeking fashion inspiration - YouTube: Watching makeup tutorials and influencer vlogs - Visiting coffee shops - Having dinners with family - Enjoying brunches with friends - Working out every day -Partying and clubbing -Travel to outbound destinations | |
Pain points | Uncertain if the design will appeal to her partner and if the product quality will meet expectations. | Jewelry tends to tarnish after being worn a few times. Finds it difficult to find the jewellery similar to what she saw on instagram or pinterest | |
Current solution | Ask friends or store staff to assist in purchasing. | She prefers to buy jewelry from a local family shop, where she can easily return. | |
β | Money Spent | 30%-Shopping - Clothing and Gadgets 40%-Food and Drinks 10%Travelling 5%-Gym or Any other sport activity 5%- Savings | 35%-Shopping - Clothing and Jewellery 20%-Food and Drinks Travelling 5% -Gym or Any other sport activity 10%- Savings |
Phone Type | Iphone & Samsung | Iphone & Samsung | |
π Product | Feature they Value | Design Cost Quality Packaging | Design Cost Quality Durability |
Buying feature | Easy of return How can I measure the size of ring | To see if this design suits my face How can I check the quality Warranty | |
β | Frequency of use product | Not applicable | Almost every 3-4 days |
Currency spend on platform | Money | Money | |
β | What factors convince you about the brand | Product images on the web/ app if they are high quality Instagram Profile- to see the content quality Store location ( if they have ) Asking my girls friends about they product | Images on the web/ app if they are high quality Website experience if its equal to the level of the cost of the product Instagram Profile- to see the content quality Brand ambassador |
Most bought jewellery piece | Earrings and Necklaces | Earrings | |
Factor influencing to buy jewellery offline | Easy try on Ease of exchange Don't have to block my money | Easy try on multiple options Ease of exchange Don't have to block my money |
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ππ»ββοΈ ICP5
βΊοΈ Age : 30
π΅ Income : Rs. 1.5 lakh / month
π Marital Status : Married
π©π»βπ» Occupation : Social Media Strategist | Ogilvy
π Location : Gurgaon
ποΈ Shopping Brands ; Zara , H&M, Bouqtiue Brands, Massimo Dutti , Coach, Boutique Brands etc.
πΊ Tv shows : Friends, Modern Family, Emily In Paris, Student of the year , Gossip Girl , Rocky Aur Rani Kii Prem Kahaani, Badrinaath etc
π€ Music : Pop, Bollywood, R&B, Punjabi, EDM
πΈ Influencers : Camila Coelho, Sidharth Malhotra, Kiara Advani, Varun Dhawan, Ranveer Singh , Komal Pandey, Ananya Pandey, β
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Bio
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Rhea is a dynamic and ambitious young strategist, thriving in her 9-to-6 role at a reputable firm. Her passion for fashion and style is evident through her active presence on Instagram, where she follows top influencers and luxury brands like Dior, Chanel, and Louis Vuitton. Rhea draws inspiration from social media platforms and Pinterest, using them as a guide for her purchasing decisions.
As a discerning millennial, Rhea meticulously reads reviews across various platforms before making online purchases. Her weekends are a blend of fun and relaxation, spent hanging out with her girlfriends or enjoying date nights with her husband. Always keen to make a statement, Rhea loves dressing up and looking her best, embodying a perfect mix of professional success and personal flair.
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ππ»ββοΈ ICP3
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βΊοΈ Age : 27
π΅ Income : Rs. 1.2 lakh / month
π Marital Status : Unmarried
π©π»βπ» Occupation : Consultant | Deliotte
π Location : Bangalore
ποΈ Shopping Brands : Zara , H&M, Bouqtiue Brands, Massimo Dutti , Carharrt, Veg Nonveg, CK, etc.
πΊ Tv shows : Friends: Modern Family, Marvels Movies , Animal, Badrinaath, House MD, Suits etc
π€ Music : Pop, Bollywood, R&B, Punjabi, EDM
πΈ Influencers : Ashley Weston, Alex costa, Teaching Menfashion, Yuvraj Dua , Varun Dhawan, Ranveer Singh , Sidharth Batra, Komal Pandey, Ananya Pandey
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Bio
Vedant is a driven individual juggling both a demanding full-time job and a side venture, guided by a relentless work ethic he's embraced since his youth. Despite his packed agenda, he prioritizes carving out precious moments to connect with his girlfriend, who's immersed in her role as a designer at Titan, Bangalore.
While he relishes the opportunity to unwind with friends, Vedant's hectic schedule often impedes his ability to explore new places. During his downtime, he finds solace in social media, particularly delighting in reels of his cherished football team and avidly following cricket.
As a member of Gen Z, Vedant faces a common struggleβfinding the perfect gifts for his girlfriend and friends. His uncertainty stems from a genuine desire to please them, coupled with a slight unfamiliarity with his girlfriend's specific tastes and the latest female trends.
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ππ»ββοΈ Asna Oberoi
β | EXPLORATION | PRODUCT EVALUATION | PAYMENT | LOYALTY ADVOCACY |
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Activity | Explored the necklaces sections | Looks at product details, warranty and reviews | Add shipping details and make the payment | Leaves a positive review about the product Love the quality of the product visit the website again after 2 months |
Emotion | Neutral | Happy | Excited | Satisfied |
Customer Expectation | Good quality and long lasting | I hope its good | Can't wait to try on the product | Waits for new designs to come |
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ππ»ββοΈVedant Gupta
β | EXPLORATION | PRODUCT EVALUATION | PAYMENT | LOYALTY ADVOCACY |
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Activity | looks for affordable gift for his girl friend | Looks at product details, warranty and reviews | Add shipping details of her girlfriend, adds a personalised message and make the payment | Leaves a positive review about the product Girlfriend visits the website to purchase the product for herself |
Emotion | Neutral | Happy | Excited | Satisfied |
Customer Expectation | Affordable, good quality and good packaging | I hope it look good on her | Can't wait to for her to receive the product | Buy a jewellery for herself |
*Bold denotes Primary Goal
β | βAsna Oberoi | Vedant Guptaβ |
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Personal | I want to something which looks like gold and can be worn everyday | N.A |
Social | I want to stand out from my friends | I want to impress my girlfriend β |
Financial | N.A. | N.A |
Social | N.A. | N.A |
I have chosen a competitor brand Shaya by Cartalane.
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Document Link -
https://docs.google.com/presentation/d/12RSjdYtaCBm-So96hUdD8Q0S7KrRJ5m6DslkVXPeXYQ/edit?usp=sharing
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Users who add a product to their cart and make a purchase within 24 hours.
This metric indicates that the user has a good understanding of the product and is actively seeking to make a purchase within a specific timeframe. It assesses how quickly the user converts from showing initial interest in the content to becoming a buyer, highlighting strong purchase intent
Users who create an account and add products to their wishlist.
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This metric suggests that the user is motivated to make a purchase or is actively considering the product, possibly indicating interest despite finding the price challenging.
Users who returns to the site and makes a repeat purchase with 90 days
This metric suggests that the user is a discerning shopper who prioritizes quality over price. This interest in purchasing jewellery every 3-4 months highlights their ongoing engagement and preference for high-quality products.
Users who share their referral code within 7 days of product delivery, resulting in their referred contacts creating an account and making a subsequent purchase
This metric suggests that the user appreciates the product's quality and intends to purchase it. They share the referral code with their contacts, endorsing the product based on their own positive experience and likely influenced by positive feedback from friends with similar tastes
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Users who makes a return on the product within 2 days of delivery
This metric suggests that the user has quickly determined the product does not meet their expectations. Possible reasons for dissatisfaction could include issues with product quality, design discrepancies, or other factors that have led them to request a return shortly after receiving the item. This quick decision to return reflects a clear dissatisfaction that may impact future purchasing decisions and highlights areas where product improvements.
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The account creation rate serves as a valuable metric to measure customers' readiness to commit to a purchase. It provides insights into user demographics, helping us understand their background and preferences more comprehensively. This data enhances our ability to tailor marketing strategies and product offerings to better align with customer needs and buying intentions.
Product reviews play a crucial role in establishing a deeper understanding of consumer sentiments towards our products. They not only provide valuable insights into how customers perceive our offerings but also serve as a bridge, fostering a meaningful connection between users and our broader audience. By analyzing these reviews, we gain nuanced feedback that helps us continuously improve our products and enhance customer satisfaction.
Activation time, the period from initial engagement to completing a purchase, provides valuable insights into user behavior and decision-making processes. By analyzing this timeframe, we gain a deeper understanding of the factors that influence purchase decisions, such as product evaluation, comparison with competitors, and concerns like pricing or shipping. This data allows us to optimize user experience, address barriers effectively, and enhance overall conversion rates
Repeat rate provides valuable insights into customer behavior, indicating how frequently they purchase a specific product or service over time. For example, customers might return to purchase our silver jewelry every 3-4 months. This metric helps us understand consumer buying habits and informs decisions regarding future product lines and marketing strategies, including how and when to engage customers through various channels.
Information informs us about consumer preferences for product design and helps us understand which products customers are likely to purchase and at what price point. It guides our marketing strategies, enabling us to offer discounts strategically and gain insights into the price thresholds at which customers are willing to buy products.
Provides insights into which customers are most likely to advocate for the brand based on their satisfaction and belief in its quality. This metric not only tracks the effectiveness of word-of-mouth marketing but also helps identify loyal customers who can amplify brand visibility and influence others in their network
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Cart abandonment rate shows the number of users who add products to their cart but do not complete the purchase. This metric tracks users who visit the website with the intention to buy but do not proceed, which can be influenced by factors such as pricing, product quality, trust issues, confusing user experience flows, extended shipping times, and more.
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