Day 8: The scientist approach to business
A BIG argument has been going on in the marketing world for the past decade – is marketing an art? or a science?
On the art side of the argument, marketers say that it takes human creativity to connect to humans – which is true.
On the science side, marketers say that you need data to base your decisions on – also true.
I like how Sam Holzman put it in this Zoominfo post:
“Yes, an artist might know how to engage their audience emotionally. But, their efforts will be in vain if they can’t find their audience in the first place. A scientific marketer doesn’t rely on guesswork. Instead, they analyze customer data and construct comprehensive buyer personas made up of key traits and characteristics shared by their best customers. Guided by accurate data, marketers are guaranteed to identify who their target buyers are, where to find them, and how best to engage them.”
Now, whether you’re a creative or analytical person, you may err slightly to one side of the argument over the other. But you can’t deny that they both have their place, and not just in marketing.
If you are completely creative, then you’d have to always rely on intuition and emotional whim, which can prove to be highly inaccurate.
Whereas if you are completely scientific, you risk disconnecting with the humans who are your customers, and sounding like a robot in your messaging – not good.
So, while both are necessary and in fact compliment each other rather well, today we’re focusing on the science of business.
You may be in a point in your business where you’re thinking of how to improve your service for your customers, but not sure exactly how to go about it.
Or you may be launching a new product, but not sure if your customers will actually buy it.
This is where science is your friend. Giving you research and data to base your business decisions on – taking the risky guesswork out of the equation.
I’m going to share with you an uncommonly used, but immensely powerful ‘copy and paste’ technique, that gives you a rock-solid indication of how successful a business move will be.
And it starts with your customer data:
- Customer emails
- Support requests/chats
Don’t have any of this? You can look at Amazon reviews of related books/products in your niche, competitor reviews, Reddit, Facebook groups and other similar forums where your customers hang-out online, or you can check out tomorrow’s lesson on customer surveying (where we’ll be gathering some customer data) and come back to this.
Customer emails tell you what products or features customers will pay for, and why most of your customers churn.
Support requests & chats tell you how to fix problems with your service and make your operations more efficient.
Reviews and testimonials are great for getting copy you can use in marketing materials, and on your website.
FAQs tell you what hesitations prospects have before giving you money, and how you can overcome them to make the sale.
So… what do we do with this?
Go through your customer emails, support requests and chat logs, reviews, testimonials, and FAQ.
Copy snippets of what customers have said about your service/product, operations, customer relations, their lives, their likes, their dislikes… anything that stands out to you as important.
Then make a copy (File > Make a copy) of this spreadsheet, and paste all the data in there.
We’ve inserted some example column titles but categorize your data however it suits you.
Once you have this spreadsheet properly set up, you (or your VA) can simply add customer data whenever you receive any. So you have a data set that keeps on growing as you grow!
Why do you need this?
Just like a scientist looks at data to build their hypothesis for an experiment, you’re going to use this data to build a hypothesis for your next business move.
It takes out the guesswork and prevents you from wasting loads of time and money on new products or features, or even marketing ventures (we’ll talk more about this in the next lesson) that don’t move the needle.
That’s all for this lesson.