I’m BLOWN AWAY by how VAGUE and loosely defined the Ideal Customer Profile (ICPs) are for mature sales and marketing orgs. Here is a typical answer I hear, what’s wrong with it, and an example of what GREAT looks like:
BACKGROUND
In my role as CEO of Champify, I talk with hundreds of prospective and current customers. One of the first things we talk about is their ICP and what their understanding of a “great" target account looks like.
I often hear an answer that sounds like this: ““We can kind of sell to anyone. As long as they are above X employees and are in Y industry.”
When I dig deeper, it becomes clear they really don’t know what a great fit looks like.
The problem here is that with a broad ICP, It’s nearly impossible to market, sell, prospect, qualify, or understand where to spend your time and $ efficiently as a GTM org.
Here is a WORLD CLASS example of Chili Piper’s clearly defined ICP and how they prioritize accounts from both sales and marketing:
MUST HAVES:
*Using Salesforce or Hubspot CRM
*In B2B
*Has a “contact us” or “free trial” CTA on their site
NICE TO HAVES THAT INFLUENCE THE POTENTIAL FIT:
*More than 10 reps
*High influx of leads
*Mix of specialized roles (AE, AM, CSM)
*Using a marketing automation solution (marketo, pardot, etc)
*Using Sales Engagement tooling
*In app optimization tooling
EVEN MORE LIKELY TO BUY:
*More than 100 FTEs
*Has SDRs
Notice how clearly defined this is -- using multiple technographics, line of business headcount, business model, and more.
TAKEAWAY
Vague ICPs are killing sales and marketing productivity.
The best GTM teams figure out the most detailed variables and characteristics of their ideal targets and then build process to maximize time/effort with those accounts as possible.
PS: Shoutout to Jon Itkin for the breakdown