How to Leverage Market Research to Build Your Brand

September 30, 2024
Content Logistics | Content Marketing

Episode Summary

In this episode of Content Logistics, hosts Dallion Durán-Ballén and Baylee Gunnellsit down with Sofie Lehrmann, founder of MilkMoo, to discuss the power of market research and maximizing value in B2B SaaS marketing. Sofie shares her approach to “milking the cow” by taking full advantage of a company’s product and market insights to create consistent, high-impact content without unnecessary spend.

Sofie dives into the importance of customer-centric strategies, drawing parallels between her experience in B2C with major brands like Chanel and Heineken and how those lessons translate into the B2B world. She emphasizes the value of conducting in-depth research to understand customer pain points and using those insights to craft content that resonates.

The episode also explores challenges in getting C-suite buy-in for thorough market research and how speaking the language of internal stakeholders can help marketers align their efforts with business goals, ensuring long-term success.

Featured Guest

Name: Sofie Lehrmann
What she does: Founder
Company: MilkMoo
Noteworthy:A seasoned marketing advisor with 14+ years of experience in B2B SaaS and B2C.

Featured Guest

Key Insights

Milking the Cow – Maximizing Value from What You Have

Sofie Lehrmann introduces the concept of “milking the cow,” a metaphor for maximizing the value of a company’s product and resources. Instead of constantly reinventing the wheel, marketers can optimize existing assets through thorough research and creative content repurposing. Sofie explains that this approach allows teams to extract the full potential of their product’s value and transform it into meaningful, benefit-led content that resonates with customers. Whether it’s turning market research into blog posts, ebooks, or social media content, Sofie highlights the importance of a cohesive and consistent marketing strategy that amplifies a company’s core message across multiple platforms.

The Importance of Customer-Centric Marketing

In her discussion, Sofie emphasizes the need for B2B companies to adopt a customer-centric approach to marketing. She explains that B2C brands have long focused on understanding their consumers’ pain points and preferences, and B2B companies must do the same. By conducting thorough qualitative research, such as interviews with key buyers, companies can tailor their messaging to directly address customer needs. Sofie stresses that customer insights are essential for creating content that resonates and drives engagement. Ultimately, building content around customer pain points leads to stronger messaging and a deeper connection with the target audience, resulting in better business outcomes.

Gaining C-Suite Buy-In for Market Research

Sofie discusses the challenges of convincing leadership teams, especially in startups, to invest time and resources into market research. She explains that many CEOs and product-driven leaders focus on quick, tangible results, often undervaluing the long-term benefits of research. To overcome this, Sofie suggests marketers speak the language of the C-suite by drawing parallels between R&D and marketing, showing how both require time to develop insights that lead to success. By positioning market research as an essential part of the business strategy, rather than just an immediate output, marketers can secure leadership buy-in and foster an environment where customer insights drive decision-making.

Episode Highlights

Sofie’s Background in Market Research and Transition to Startups 

Sofie Lehrmann shares her journey from working in market research with big brands like Chanel and Heineken to joining the startup world. Her transition from consumer-facing B2C to B2B marketing provided invaluable lessons on the importance of customer insights. Sofie discusses how her experience in qualitative research shaped her career and influenced how she approaches marketing strategy today. She highlights the contrast between corporate environments and the fast-paced nature of startups, which demands adaptability and quick learning.

“When I worked with bigger brands for market research, their cow were insights. Insights around whatever associations, a product or a campaign would initiate in the consumer… So being able to encapsulate that and create something valuable.”  

The Role of B2B Marketers in Aligning with Sales 

The discussion shifts toward the often misunderstood role of marketers in B2B, especially in scrappy startups. Sofie explains how marketers sometimes become an extension of the sales team, helping organize client events or lead generation campaigns. While these tasks are essential, Sofie believes marketers must also focus on broader objectives, such as brand-building and customer value. This conversation explores the balancing act between sales and marketing in smaller, fast-paced environments.  

“Plus you sort of get, you know, you become this extended arm of sales in B2B sales often, right? Especially scrappy marketers… you’re setting up lead generation campaigns and organizing dinners with clients.”  

The Power of Thought Leadership in B2B Marketing 

Sofie highlights the importance of thought leadership in establishing authority and trust in B2B marketing. She explains how creating substantial content, such as thought leadership pieces, helps startups position themselves as experts in their field. By milking the cow of thought leadership, companies can produce a variety of content types, from eBooks to interactive PDFs, to engage their audience across multiple platforms. Sofie emphasizes the need to ground these pieces in genuine expertise and insights.  

“When you have a huge piece of thought leadership… it’s grounded in a point of view that your company has, right? And from that, you can milk it across different types of content, whether eBooks or guides or social media.”  

How to Choose the Right Buyer Persona for Targeting  

Sofie discusses how startups should narrow down their target audience by choosing one primary buyer persona rather than trying to address too many personas at once. She explains that when companies try to appeal to multiple personas, their messaging becomes diluted. Sofie advises companies to focus on one core buyer persona that aligns best with their product and business goals. This conversation delves into strategies for identifying the most effective buyer persona based on deal size, speed to close, and potential upsell opportunities.  

“I asked them to choose one, and it was impossible. They couldn’t. It was like, ‘They’re all important.’ I said, ‘No, the CIO, CDO, and supply chain officer all work together… you have to choose one to drive top-line messaging.’” 

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