Latest / She's On The Money / THE BUSINESS BIBLE: Creating Your Customer Avatar
Transcript
- 0:00Speaker 1: Hello.
- 0:01Speaker 2: My name's Santasha Nabananga Bamblet. I'm a proud yr the
- 0:05Speaker 2: Order KERNI Whoalbury and a waddery woman. And before we
- 0:08Speaker 2: get started on She's on the Money podcast, I would
- 0:11Speaker 2: like to acknowledge the traditional custodians of the land of
- 0:14Speaker 2: which this podcast is recorded on a wondery country, acknowledging
- 0:18Speaker 2: the elders, the ancestors and the next generation coming through
- 0:23Speaker 2: as this podcast is about connecting, empowering, knowledge sharing and
- 0:27Speaker 2: the storytelling of you to make a difference for today
- 0:31Speaker 2: and lasting impact for tomorrow.
- 0:33Speaker 1: Let's get into it.
- 0:34Speaker 3: She's on the Money, She's on the Money.
- 0:57Speaker 1: Hello, and welcome to the business by If you're thinking
- 1:01Speaker 1: of starting up a side hustle or a small business,
- 1:03Speaker 1: my friend, you are in exactly the right place. I'm
- 1:06Speaker 1: Victoria Devine and I've created and currently runs several i
- 1:09Speaker 1: would say successful businesses, and I'm joined by one of
- 1:13Speaker 1: the hardest working side hustlers I know, miss Jessica Riach.
- 1:16Speaker 4: What a dream team.
- 1:18Speaker 1: I think we look cute together too, So that's that
- 1:20Speaker 1: really helpful.
- 1:21Speaker 5: I've been loving these Business Bible episodes, especially since we
- 1:24Speaker 5: just won Best Business Podcast.
- 1:26Speaker 1: Or but the year at the podcast of warhy No,
- 1:29Speaker 1: it's so exciting, We're so smart, Jessica.
- 1:33Speaker 5: It was honestly just so fun, and it's really exciting
- 1:36Speaker 5: to know that you guys are loving the Business Bible
- 1:37Speaker 5: as much as we are.
- 1:38Speaker 1: Neither of us saw it coming. We were both in shock.
- 1:40Speaker 5: So yeah, there's a video and I wanted to say
- 1:45Speaker 5: it was so exciting. But we've covered a lot in
- 1:47Speaker 5: a couple of episodes. We've found out why we've set
- 1:50Speaker 5: up our business books. But today's episode is a little
- 1:52Speaker 5: bit more fun because we're going to be trying to
- 1:54Speaker 5: find out exactly who our customer avatar is.
- 1:57Speaker 1: I would say this is probably more exciting than to about
- 2:00Speaker 1: tax and bank accounts.
- 2:01Speaker 5: Maybe not for you, yeah, exactly, But.
- 2:04Speaker 1: Today we're going to be looking at creating a customer avatar,
- 2:07Speaker 1: which is really fun. Nothing like Avatar the movie that
- 2:10Speaker 1: is where my brain goes the same the second you
- 2:13Speaker 1: say avatar and like they're blue rat. That's different. So
- 2:15Speaker 1: this is a customer avatar, jess And what exactly is
- 2:18Speaker 1: the customer avatar? So you might have heard of a
- 2:21Speaker 1: customer avatar or a customer persona or maybe something similar
- 2:25Speaker 1: and It's basically where you create a fictional person who
- 2:28Speaker 1: becomes the outline of your perfect customer. Right, So the
- 2:33Speaker 1: exact person that we would be selling to, the exact
- 2:36Speaker 1: person would be marketing our business to talking to every
- 2:40Speaker 1: single time we turn up in our business or side hustle,
- 2:43Speaker 1: whether that is in person or online. So by the
- 2:46Speaker 1: end of this episode, you're going to have a name,
- 2:47Speaker 1: you're going to have an age, you're gonna have a gender,
- 2:49Speaker 1: and you're basically going to create this whole fictional character
- 2:53Speaker 1: that aligns with your business. But you can't use them
- 2:55Speaker 1: to catfish people.
- 2:56Speaker 5: Jess Okay, so no getting on Tinder and saying, ah.
- 2:59Speaker 1: I'm actually Jessica twenty nine, Like, that's not gonna work. Yeah,
- 3:03Speaker 1: But the whole point of this is to really drill
- 3:06Speaker 1: down into who your perfect customer is, because if you
- 3:08Speaker 1: can approach them and appeal to them, you're going to
- 3:10Speaker 1: attract more like minded customers, where as they think these days,
- 3:14Speaker 1: everybody's trying to be too much of everything to everybody.
- 3:17Speaker 1: You know what that does, It dilutes your value as
- 3:20Speaker 1: a business.
- 3:21Speaker 5: Yeah.
- 3:21Speaker 1: Like, let's give an example, using my favorite example, the
- 3:24Speaker 1: candle business. It might be thirty two year old Emily.
- 3:27Speaker 1: She lives in Burwood. She works full time in the city.
- 3:29Speaker 1: She captues the train to work.
- 3:31Speaker 6: She listens to maybe three or four hours of a
- 3:33Speaker 6: podcast a week's leave. She's on the money, yeah, obviously,
- 3:35Speaker 6: but we're just going to say podcasts in general. Maybe
- 3:38Speaker 6: she's more of a pop culture girlie with than an
- 3:40Speaker 6: educational girlie.
- 3:41Speaker 1: We don't know, We don't judge. She spends time on
- 3:43Speaker 1: Instagram and TikTok relatable. She's renting a one bedroom apartment
- 3:47Speaker 1: or by herself and saving up to purchase her own
- 3:50Speaker 1: home to live in. She wants to make her current
- 3:52Speaker 1: house feel like a home, but she's on a tight budget.
- 3:54Speaker 4: That's much more detailed than I thought it would be.
- 3:56Speaker 1: Yeah, so we're like making this perfect customer, Like we
- 3:59Speaker 1: want to give them a little bit of personality, a
- 4:01Speaker 1: little bit of flair because obviously that is then going
- 4:05Speaker 1: to drive the way that you run your business, because
- 4:07Speaker 1: you might go v I'm not really like a high end,
- 4:09Speaker 1: super luxury candle business that sells, you know, one hundred
- 4:12Speaker 1: dollars candles. They're more of an everyday luxury. So I
- 4:15Speaker 1: want people to get that like a little boost of
- 4:17Speaker 1: serotonin every day when they use my product. They're affordably priced.
- 4:21Speaker 5: Yeah, so it's making us think it's more like a
- 4:24Speaker 5: character that you would create in a video game or
- 4:27Speaker 5: a bit mooji or something like that, less like the
- 4:30Speaker 5: blue people in the James Camera movies, which makes much
- 4:32Speaker 5: more sense to me.
- 4:34Speaker 1: Yeah, Like, I mean, we could make avatars. I don't
- 4:36Speaker 1: know how many of them actually exist by your products though, just.
- 4:39Speaker 4: That seems very reasonable.
- 4:40Speaker 1: They're really attractive for blue people, like they go, all right.
- 4:44Speaker 5: The main guy could get it exactly. Can you tell
- 4:48Speaker 5: me a little bit more about why this is beneficial
- 4:50Speaker 5: to the business early on?
- 4:52Speaker 1: So there's lots of benefits. It's something that I've done.
- 4:54Speaker 1: I'm not just sitting here going, oh my gosh, you
- 4:56Speaker 1: guys should definitely do this. Like Jess, you've worked for
- 4:59Speaker 1: me for what like three and a half is years,
- 5:01Speaker 1: which is terrifying, and you have known that. I've always said, look,
- 5:05Speaker 1: we have an avatar. My name's Emily. If it doesn't
- 5:08Speaker 1: suit Emily, it doesn't suit our community. It's this thing
- 5:11Speaker 1: in our I guess, in our business that kind of
- 5:14Speaker 1: helps us fact check or make sure that something might
- 5:16Speaker 1: fall correctly because we've obviously given thirty four year old
- 5:19Speaker 1: Emily in Burwood personality, we might go, should we be
- 5:23Speaker 1: posting about this current topical issue on Instagram? Is Emily
- 5:26Speaker 1: going to find that interesting? Or is she going to go,
- 5:28Speaker 1: why the hell's my candle business posting about X issue
- 5:31Speaker 1: or this political statement or whatever it is. So we've
- 5:33Speaker 1: really got to think about how your consumer's going to
- 5:36Speaker 1: interpret information that you share. Right, So the benefits of
- 5:40Speaker 1: having a customer avatar that but also you know exactly
- 5:43Speaker 1: who your customer is, which can help us when we
- 5:45Speaker 1: make marketing or business decisions. The avatar reflects the community,
- 5:49Speaker 1: so it's usually the average person in your community, not
- 5:52Speaker 1: just like your dream girl.
- 5:54Speaker 5: Right, So, as we understand that we're going to have
- 5:56Speaker 5: lots of different people exactly aren't exactly the same.
- 5:58Speaker 4: We're not all cookie cutter.
- 6:00Speaker 1: It's not absolutely not and we're not going to try
- 6:02Speaker 1: and make sure that it's absolutely perfect for Emily. But like,
- 6:06Speaker 1: is this something that Emily might bring up at brunch
- 6:08Speaker 1: and like all of her friends no matter how diverse,
- 6:10Speaker 1: might go, oh yeah, like that sounds great, love that
- 6:12Speaker 1: candle business idea. Can we speak to an individual instead
- 6:16Speaker 1: of a group of people. When we speak to an
- 6:19Speaker 1: individual as a business instead of a group of people,
- 6:22Speaker 1: it feels so much more personalized. Yes, if I can
- 6:26Speaker 1: speak to you as a person who has a problem
- 6:28Speaker 1: that I'm trying to solve, as opposed to Hello, audience
- 6:31Speaker 1: and welcome. Yeah, it's just more personal and we like that.
- 6:35Speaker 1: It will be a critical element in your marketing and
- 6:38Speaker 1: your sales campaigns. It can even help decide whether customer
- 6:41Speaker 1: complaints are helpful or unhelpful, because you might get a
- 6:44Speaker 1: complaint and they might go, your fragrances are too strong
- 6:48Speaker 1: and not florally enough and I can't believe you do this,
- 6:51Speaker 1: And you go, who is that from deliver bit snoopy snoop?
- 6:53Speaker 1: And it's Barbara and she's eighty. Yeah, Barbara really wants paturely.
- 6:59Speaker 1: Emily doesn't want her house to smell like maturely. Yeah,
- 7:01Speaker 1: so go, Thanks by breath for the feedback. So sorry,
- 7:04Speaker 1: we couldn't hit the nail on the head with this one.
- 7:06Speaker 1: We might forward that to our developers, Yeah, maybe not
- 7:10Speaker 1: do much with it.
- 7:11Speaker 4: Yeah, but if your.
- 7:12Speaker 1: Target audience is giving you direct feedback and being like, oh,
- 7:15Speaker 1: this is not hitting the nail on the head, maybe
- 7:17Speaker 1: that's when you take it a step further. Yeah, it
- 7:19Speaker 1: really helps you work out what is helpful and unhelpful feedback.
- 7:23Speaker 5: That's really interesting, I think because as a business scales,
- 7:27Speaker 5: it's something we've seen in Shees on the Money very much.
- 7:31Speaker 5: So the more people you're talking to, the more people
- 7:33Speaker 5: you're trying to help, the more different and diverse people.
- 7:37Speaker 5: You know, we started off talking to women, but we
- 7:39Speaker 5: have lots of men in our community now as well,
- 7:41Speaker 5: which we love. Everybody is welcome, but the more different opinions,
- 7:45Speaker 5: the more things people want to say. You'll put something
- 7:48Speaker 5: out and some people be like, yes, we love this,
- 7:50Speaker 5: and on the exact same post, people be like this
- 7:53Speaker 5: is the worst. We hate it.
- 7:54Speaker 1: Oh gosh, I know, And it's kind of like, what
- 7:56Speaker 1: do you take seriously and what do you want because
- 7:58Speaker 1: as a business owner, especially a small business owner, I
- 8:01Speaker 1: take everything personally hundreds Like, you know, I know what
- 8:04Speaker 1: you're referring to as our recent rebrand if She's on
- 8:06Speaker 1: the Money, right, and I guess to talk happily about that.
- 8:10Speaker 1: We spent months on that, right, Like, we hired this
- 8:13Speaker 1: full time graphic designer. The original She's on the Money
- 8:16Speaker 1: branding was done by me what Microsoft PowerPoint on our
- 8:20Speaker 1: screenshot it but like we will start somewhere, Jessica, it's
- 8:24Speaker 1: truly iconic. But I mean, look good I did with
- 8:26Speaker 1: Palhoy Cowboy.
- 8:28Speaker 4: Just when there is a will, there is truly truly.
- 8:31Speaker 1: A way, and when you have ADHD it really really helps.
- 8:34Speaker 1: But I think it's it's one of those things where
- 8:37Speaker 1: you know, we spent a significant amount of time finding
- 8:39Speaker 1: a designer that I really liked the vibe of that
- 8:41Speaker 1: I thought could take shees on the money where I
- 8:43Speaker 1: wanted it to go right. We then workshopped and brainstormed
- 8:47Speaker 1: and I worked with this company to go these are
- 8:49Speaker 1: the colors, these are the vibes, This is where I
- 8:50Speaker 1: wanted to go. I really want it to be a
- 8:52Speaker 1: bit more punchy, a little bit more you know, in
- 8:55Speaker 1: your face in a way as opposed to soft peaches,
- 8:58Speaker 1: like I want to keep the peach in the color palace.
- 9:00Speaker 1: But anyway, we had all these conversations and it took
- 9:02Speaker 1: months to get to the brand that we got to.
- 9:04Speaker 5: Might be interesting to do an episode on that one day,
- 9:05Speaker 5: like why I really.
- 9:06Speaker 1: Can, but also like how yeah, like and maybe how
- 9:09Speaker 1: you could do it for your brand? If you don't
- 9:11Speaker 1: have the cash, let us know.
- 9:13Speaker 4: If you want to hear about that.
- 9:14Speaker 1: Yes, please. But we did all of this and then
- 9:17Speaker 1: you know, it came to fact checking it and all
- 9:19Speaker 1: my friends and family had seen it, all my team
- 9:21Speaker 1: had seen it. We'd like, you know, gone back and
- 9:24Speaker 1: forth on different iterations of the logo where small things changed. Right,
- 9:28Speaker 1: So we're really proud to put this out. We love it,
- 9:30Speaker 1: and obviously we want our community feedback and we want
- 9:34Speaker 1: people to go, oh, hey, like love it or don't
- 9:36Speaker 1: love it, that's fine. But when people are like this
- 9:39Speaker 1: is heinous, this is worst rebrand I've seen in my life.
- 9:41Speaker 1: You're like, oh, okay, yeah, but not helpful. Not helpful.
- 9:45Speaker 1: But then you also go, all right, are they our
- 9:48Speaker 1: target demographic? And you really have to go back to
- 9:50Speaker 1: that because as a small business owner, I take everything personally.
- 9:53Speaker 1: Like if you say you don't like Sheese on the Money,
- 9:55Speaker 1: I totally get it. We're not everything to everybody, but
- 9:57Speaker 1: I'm always going to have some level of feeling defensive
- 10:00Speaker 1: about that because She's on the Money is my baby.
- 10:03Speaker 1: So like, if you made candles, Jess, and I go, well,
- 10:06Speaker 1: I don't really like candles. You'd be like, oh, okay,
- 10:08Speaker 1: well it's a little bit, and I think it's important
- 10:12Speaker 1: as small business owners that we back our business. It's
- 10:15Speaker 1: kind of like if someone was talking smack about you, Jess,
- 10:17Speaker 1: I'd be like, no, she's the best. What are you
- 10:19Speaker 1: talking about? Yeah, Like, I'm going to be defensive because
- 10:21Speaker 1: I love it. Yes, So I think it's important to
- 10:24Speaker 1: understand where we're coming from, who our target demographic is,
- 10:27Speaker 1: because it really helps you filter those comments, especially if
- 10:30Speaker 1: you're asking for feedback online, which we do, but we
- 10:34Speaker 1: always take it with a grain of salt because if
- 10:36Speaker 1: someone is willing to come online and be like this
- 10:38Speaker 1: is the most heinous rebrand we've seen in our entire lives,
- 10:41Speaker 1: you kind of go you a designer, Yeah, oh no,
- 10:44Speaker 1: you work in healthcare. Not that that's a bad thing,
- 10:46Speaker 1: but like, you probably don't have a lot of experience
- 10:48Speaker 1: as a designer. Our colors are definitely more in your face. Yeah,
- 10:52Speaker 1: maybe they don't like it, and that's fine, but I
- 10:54Speaker 1: can't be everything to everybody. But when we looked at
- 10:57Speaker 1: our avatar Jess, yeah, we were like, she'll it.
- 11:00Speaker 4: Yeah, we nailed it on the head.
- 11:01Speaker 1: We nailed it.
- 11:02Speaker 5: Everyone else's opinions are relevant, and we listen and we
- 11:05Speaker 5: take it on board, but we.
- 11:07Speaker 1: Just make sure that we're not always pandering to every
- 11:10Speaker 1: single piece of feedback that comes our way. One because
- 11:13Speaker 1: that would absolutely drown us. But two because we want
- 11:18Speaker 1: to have conviction in who we are. And I think
- 11:20Speaker 1: that that's what makes She's on the money and you know,
- 11:22Speaker 1: the Business Bible are stronger brand because well, we know
- 11:26Speaker 1: who we are and who we're not. And if we're
- 11:27Speaker 1: not somebody that you want to engage with, that's so
- 11:30Speaker 1: fine because I would actually prefer to leave that slot
- 11:33Speaker 1: empty so I can find the perfect person to come
- 11:35Speaker 1: in so that I'm speaking to somebody who feels like
- 11:39Speaker 1: they really resonate with us. It's funny because just before
- 11:42Speaker 1: you wipe me up here and go to a break,
- 11:44Speaker 1: I was on TikTok this morning.
- 11:45Speaker 4: Yes, by the way, I lived there.
- 11:47Speaker 1: It's why my alarm goes off at six am, but
- 11:49Speaker 1: I don't get out of bed until seven.
- 11:51Speaker 4: It's TikTok time.
- 11:52Speaker 1: Yeah, exactly when my husband wakes up. It's fantastic. But
- 11:55Speaker 1: I was laying in bed and you know, it's coming
- 11:57Speaker 1: up to a festive season and Jess, so there's lots
- 11:59Speaker 1: of like Christmas recipe online and there was this beautiful
- 12:02Speaker 1: Italian woman on TikTok and she was talking about how
- 12:05Speaker 1: every year she makes this fancy seafood salad and it's
- 12:09Speaker 1: like the boogie is looking seafood salad I've ever seen
- 12:13Speaker 1: salad sounds weird when you're talking about it. A little
- 12:15Speaker 1: bit a cocktail me, because it's got like beautiful fresh
- 12:18Speaker 1: prawns and oysters and all these things that people would
- 12:20Speaker 1: love in it. Right. She goes through this whole recipe
- 12:23Speaker 1: and then I'm like looking at the top comments and
- 12:24Speaker 1: one of them was like, what do I swap it
- 12:26Speaker 1: out for if I don't like seafood?
- 12:28Speaker 4: Maybe a different recipe, man.
- 12:29Speaker 1: Yeah, And the girl, like this beautiful Italian woman who
- 12:32Speaker 1: had just done this video, was like, it's literally a
- 12:34Speaker 1: seafood salad. Perhaps find a different recipe, and I was
- 12:37Speaker 1: just like, legit, right, Like, you don't have to be
- 12:41Speaker 1: everything to everybody. If you don't like seafood, you don't
- 12:43Speaker 1: make that recipe. Yeah, but I think we also need
- 12:46Speaker 1: to go if they say, well I would never put
- 12:48Speaker 1: prawns in it, it doesn't mean that you have to
- 12:50Speaker 1: take their advice.
- 12:51Speaker 7: Yeah.
- 12:52Speaker 5: And so when you're a small brand setting up your identity.
- 12:55Speaker 5: That maybe helps give you a little bit of confidence
- 12:57Speaker 5: in the things that you do, because I know it
- 12:59Speaker 5: can be really temp when you get a piece of
- 13:01Speaker 5: feedback to go, oh, we need to change that. But
- 13:03Speaker 5: if you're coming back to that customer avatar and you're going, okay, well,
- 13:06Speaker 5: what does my ideal person look like? What does my
- 13:08Speaker 5: Emily look like? What does my Emily want?
- 13:11Speaker 1: It's so helpful. Yeah, And I mean I mentioned just
- 13:13Speaker 1: before that you've worked for us or for me for
- 13:16Speaker 1: like three and a half years, and I think a
- 13:18Speaker 1: good question here, completely off the cuff, is about feedback
- 13:22Speaker 1: that we've received. Do you remember back three and a
- 13:25Speaker 1: half years ago when we would get feedback and I
- 13:27Speaker 1: would cry, Yeah, and I would be so upset, and
- 13:32Speaker 1: bringing this up it's important, but like I used to
- 13:35Speaker 1: get so upset, like if we got a really nasty
- 13:37Speaker 1: DM or I thought it was nasty, or we get
- 13:39Speaker 1: some feedback that I wasn't what they needed me to be,
- 13:43Speaker 1: or then maybe I was, you know, not good or
- 13:46Speaker 1: you know anything. Literally, I would be heartbroken. Like Jesse
- 13:50Speaker 1: used to write my days off, what does feedback do?
- 13:53Speaker 1: Now You're like, eh, exactly. And so I'm only sharing
- 13:57Speaker 1: that because we've just talked about how important it is
- 13:59Speaker 1: to have conviction. And if you're a small business owner
- 14:01Speaker 1: and you're listening to this, that takes time to build.
- 14:04Speaker 1: You can't just go in and be like, Eh, that's fine,
- 14:07Speaker 1: I don't mind. Yeah, I've had four and a half
- 14:09Speaker 1: years of doing my Shees on the Money podcast and
- 14:12Speaker 1: the She's on the Money community to get that conviction
- 14:14Speaker 1: to go. Actually, I see what you're saying. That's not
- 14:17Speaker 1: going to help me in this moment. That is not
- 14:20Speaker 1: something that I'm going to engage in. Whereas before when
- 14:23Speaker 1: I wasn't so sure and I was really starting up home,
- 14:25Speaker 1: we'd only existed for a year and I had my
- 14:26Speaker 1: first employee, Jessica, and I just so anxious about everything
- 14:29Speaker 1: because I wanted to do everything right and I wanted
- 14:31Speaker 1: to be perfect for you, when I wanted to be
- 14:32Speaker 1: perfect for my community, and where people would point at
- 14:35Speaker 1: my cracks, I'd be like, Oh.
- 14:37Speaker 4: Don't look there. Yeah, it's scary.
- 14:39Speaker 1: It is crack. Rip it open, put.
- 14:41Speaker 5: At a bow on it, and we find fill it
- 14:44Speaker 5: with gold.
- 14:45Speaker 1: But I think it's really important to also point out
- 14:47Speaker 1: that this is not something that as a small business owner,
- 14:50Speaker 1: you just step into immediately being comfortable and confident, and
- 14:54Speaker 1: feedback can knock you for six and you know what,
- 14:56Speaker 1: there are going to be times where you lay in
- 14:58Speaker 1: bed and you cry and you're so upset. I don't
- 15:00Speaker 1: even know why I'm doing this, and you tell your husband,
- 15:02Speaker 1: this is the worst decision I've ever made. Yeah, I
- 15:04Speaker 1: promise you it's not. You actually have to just put
- 15:06Speaker 1: your big girl socks on and go out and try again,
- 15:09Speaker 1: because it's not the businesses that get glowing feedback that
- 15:12Speaker 1: are successful, it's the ones that try and try again.
- 15:14Speaker 4: Yeah, one hundred percent.
- 15:16Speaker 5: All right, let's head to a really quick break, let
- 15:17Speaker 5: the people digest, and when we come back, I think
- 15:20Speaker 5: we're going to touch on how to actually put this
- 15:22Speaker 5: avatar together.
- 15:23Speaker 1: Yeah, we're going to put one together together.
- 15:25Speaker 5: Exciting, don't go anywhere. Welcome back everybody. We know what
- 15:32Speaker 5: a customer avatar is, and we know why we need one.
- 15:35Speaker 1: We desperately need one.
- 15:36Speaker 5: Absolutely, So now let's create one for a little business
- 15:39Speaker 5: or sarde hustle VD. How do we create? Where do
- 15:43Speaker 5: I start?
- 15:43Speaker 3: Right?
- 15:44Speaker 1: We're going to start with four things. So first things first,
- 15:48Speaker 1: basic demographics are they male, are they female? Are they other?
- 15:52Speaker 1: Who are they? What do they look like? How old
- 15:54Speaker 1: are they? What is their lifestyle? What are their goals
- 15:58Speaker 1: and aspirations? This is getting a little bit fluffy, but
- 16:00Speaker 1: I promise it's really important. Before the break, I told
- 16:02Speaker 1: you about Emily. She was thirty two, she's saving up
- 16:05Speaker 1: for a first home. That gives you so much context
- 16:07Speaker 1: around where her values would be sitting. If Emily is
- 16:10Speaker 1: saving up for a first home at thirty two, yess yeah,
- 16:13Speaker 1: she's probably watching her budget a little bit.
- 16:14Speaker 4: Absolutely.
- 16:15Speaker 1: That'd be different to somebody who's thirty two and really
- 16:19Speaker 1: loves partying and has no interest in savings. So those
- 16:22Speaker 1: are two different demographics we're talking to, right, What are
- 16:25Speaker 1: their fears and most importantly, what are their pain points?
- 16:30Speaker 4: I love that word pain point.
- 16:31Speaker 1: Pain point. It does sound good. I think it's the alliteration.
- 16:34Speaker 4: Yeah, ros hung, But.
- 16:37Speaker 1: Pain points are really important to identify in a business
- 16:40Speaker 1: because your job as a business is to solve a
- 16:42Speaker 1: problem for your customer, and if you're not solving a
- 16:45Speaker 1: problem for your customer, your business is not going to
- 16:47Speaker 1: be successful. Yeah, full stop, end of story. I don't
- 16:49Speaker 1: care what your business is, whether you make candles. The
- 16:53Speaker 1: problem you are solving if you are making candles is
- 16:57Speaker 1: that I want my house to feel more like a home.
- 17:00Speaker 1: My candles can do that. She's on the money's problem.
- 17:03Speaker 1: It solves the lack of financial literacy that is accessible
- 17:06Speaker 1: to particularly women. So we know exactly what pain point
- 17:10Speaker 1: we are addressing, and we can clarify that doesn't matter
- 17:14Speaker 1: what you do, whether you're an influencer. Maybe you make
- 17:16Speaker 1: approachable content in an aesthetic way that people really relate to.
- 17:20Speaker 1: There could be a million different things. It doesn't have
- 17:22Speaker 1: to be solving world hunger, Jess like, it doesn't have
- 17:24Speaker 1: to be a pain point that is the biggest thing
- 17:26Speaker 1: in the entire world. But we are solving a problem
- 17:28Speaker 1: for our community. And if we are solving a problem
- 17:30Speaker 1: for our community, we are proving that there is a
- 17:32Speaker 1: need that my business exists. Yes, then before we get
- 17:36Speaker 1: any further into these it's super important to note that
- 17:39Speaker 1: this is who your customer is, not who you want
- 17:43Speaker 1: to be.
- 17:44Speaker 4: Okay, tell me more.
- 17:45Speaker 1: Well, I might go write down all the things that
- 17:48Speaker 1: I'm really aspirational, Like maybe instead of having Emily be
- 17:52Speaker 1: you know, someone who catches the train to work, she's
- 17:54Speaker 1: living her best life. She drives a Mescetis to work. Oh, Quinn,
- 17:57Speaker 1: is she saving for a first home? No, she's a
- 17:59Speaker 1: big dog. She's already purchased her first home. Like, we're
- 18:02Speaker 1: trying for attainable, not aspirational without avatar. We're trying for relatable,
- 18:08Speaker 1: not somebody who's already done it all. If that makes sense,
- 18:11Speaker 1: because then we do have a problem pain point to
- 18:13Speaker 1: solve for that community. Otherwise we could just say I
- 18:16Speaker 1: want billionaire clients who want thousands of whatever product i'm selling, Jessica, Yeah, okay,
- 18:22Speaker 1: that's genius. If there are billionaires out there who want
- 18:24Speaker 1: to buy thousands of my podcasts below, slip on into
- 18:27Speaker 1: my DMS, we can talk later.
- 18:29Speaker 5: Absolutely, Yeah, that would be nice.
- 18:31Speaker 1: It's not very realistic, Yeah, and it's not helpful for
- 18:34Speaker 1: our business.
- 18:34Speaker 5: Yeah, you want to set yourself up for success by
- 18:36Speaker 5: being really practical with what you're doing. So you said
- 18:39Speaker 5: some of the things we could consider a how old
- 18:40Speaker 5: they are, what their gender is, where they live. What
- 18:43Speaker 5: other things might we also consider?
- 18:45Speaker 1: So, what's their job, what's their profession? How much money
- 18:48Speaker 1: do they actually make? Are we talking about someone who
- 18:50Speaker 1: earns an average income or are you slightly above average,
- 18:53Speaker 1: you below average? What does that look like? What's their
- 18:55Speaker 1: highest level of education? So they's somebody who's gone to
- 18:59Speaker 1: UNI or are they just you know, your average Joe
- 19:03Speaker 1: blow who's just in a trade. What does that look
- 19:05Speaker 1: like like? There's no right or wrong here, it's actually
- 19:08Speaker 1: what you're targeting, because that's going to tell you a
- 19:11Speaker 1: lot about their personality and their preferences. Just after listening
- 19:15Speaker 1: to this, how would you describe I guess the basic
- 19:17Speaker 1: demographics of your side hustle.
- 19:19Speaker 5: I feel like there's kind of two elements to what
- 19:22Speaker 5: I do. And so for the people who don't know,
- 19:24Speaker 5: I obviously do social media and I put posts up
- 19:26Speaker 5: on my page and I have a little community of
- 19:28Speaker 5: people who I love, And I would say that, Jessica,
- 19:31Speaker 5: you're an influencer. I don't like that way.
- 19:34Speaker 1: That's why I said it. I'm not sorry.
- 19:36Speaker 4: I don't like that word at all. I like content creator, influencer.
- 19:40Speaker 5: Okay, Well, in that case, I think the people in
- 19:43Speaker 5: my community are probably very aligned to myself. I think
- 19:46Speaker 5: that they are primarily women. I would say they're between
- 19:50Speaker 5: maybe twenty five and thirty five living in Australia. And
- 19:54Speaker 5: I know that from your demographics here.
- 19:57Speaker 1: Know that one if you do your content online, you're
- 19:59Speaker 1: always looking at demographics, Like I could tell your hands
- 20:01Speaker 1: down what my average like podcast list now looks like,
- 20:04Speaker 1: or yeah, what my average Instagram user looks like versus
- 20:07Speaker 1: TikTok and how they're different.
- 20:08Speaker 4: It's so interesting, which is probably.
- 20:10Speaker 5: A great point for any businesses that have a social
- 20:12Speaker 5: media platform. Look at your demographics because that probably gives
- 20:15Speaker 5: you a great idea of you know, who's already there,
- 20:18Speaker 5: and that could help you build to that customer avatar. Yeah.
- 20:21Speaker 5: I think the people who follow me are interested in.
- 20:25Speaker 1: Beautiful pictures, yeah, of a really attractive woman us s up.
- 20:30Speaker 5: I think that they are driven. I think that they
- 20:33Speaker 5: maybe have a lifestyle that they want to achieve. But
- 20:35Speaker 5: we're all we're living on a budget. We're all budget
- 20:38Speaker 5: friendly queens. So maybe they like a bit of diy,
- 20:41Speaker 5: or they like a dube, or they like seeing fashion
- 20:44Speaker 5: or travel options that are more affordable, because we can't
- 20:48Speaker 5: all afford to drop twenty thousand dollars on a trip
- 20:50Speaker 5: to Eather Ya. Course, that would be the dream and
- 20:52Speaker 5: we all want to get there, but we're doing what
- 20:54Speaker 5: we've got to do now to work our way up.
- 20:56Speaker 5: So I think exactly that's probably what I would say.
- 20:59Speaker 5: Is that enough detail totally?
- 21:01Speaker 1: But other questions I'd want to hear answered or other
- 21:04Speaker 1: like points that I'd want you to know is kind
- 21:06Speaker 1: of like what's their main point of social media? Like
- 21:10Speaker 1: you know, what times are they actually using it? So
- 21:12Speaker 1: like if we look at our avatar for our candle business,
- 21:15Speaker 1: we've got Emily. She's thirty two. She's probably using social
- 21:18Speaker 1: media on the train on the way to work, and
- 21:19Speaker 1: all on the way home when she gets home. She's
- 21:22Speaker 1: budget saving queens. She's probably cooking dinner, Like, she's probably
- 21:25Speaker 1: not just laying on the couch ordering ober eat scrolling
- 21:28Speaker 1: mindlessly on TikTok. Right, so we've got to think about
- 21:30Speaker 1: these things. What type of shopper are they? Like I
- 21:33Speaker 1: already know from your demographics and your page, knowing it
- 21:36Speaker 1: well enough, your average community member Jess would probably be
- 21:39Speaker 1: more of an online shopper than an in person shopper
- 21:41Speaker 1: because they're always looking for the best deal. They love
- 21:43Speaker 1: your Amazon links like they're all across it because they
- 21:46Speaker 1: know that you've done the hard yards to find the
- 21:48Speaker 1: best deal for them.
- 21:49Speaker 4: And they're using shot back to get cash back on that.
- 21:51Speaker 1: Hundred percent they are or how much spare time do
- 21:54Speaker 1: they have, what do they like doing in their spare time.
- 21:56Speaker 1: You kind of nailed that with like the DIY side
- 21:59Speaker 1: of things, So I think it's just really important to
- 22:02Speaker 1: go a bit deeper on this person that you're making up. Yeah,
- 22:06Speaker 1: because you can always pair it back. But I'd prefer
- 22:08Speaker 1: you to make up a like I think X, Y
- 22:11Speaker 1: and Z and something that you can do to I
- 22:13Speaker 1: guess help you along this journey. Have a look at
- 22:16Speaker 1: your competitors. Have a look who's commenting on their posts.
- 22:20Speaker 1: What type of human beings are they. Are they men
- 22:23Speaker 1: in their middle fifties and their au called craig or
- 22:27Speaker 1: are they young women being like oh I love this,
- 22:29Speaker 1: I can't wait to buy it, or I can't wait
- 22:30Speaker 1: to budget for it. Like, have a look at what
- 22:32Speaker 1: other people are doing. The information's there for the taking.
- 22:35Speaker 4: Yeah, that's actually super clever.
- 22:37Speaker 5: I want to ask about number three, which was goals
- 22:40Speaker 5: and aspirations, which can feel a little bit fluffy because
- 22:44Speaker 5: you go, well, I know my goals and aspirations.
- 22:46Speaker 4: Obviously, it's not that.
- 22:47Speaker 1: It's not that Jess.
- 22:48Speaker 5: Yeah, Okay, I know your goals and aspirations because you're
- 22:50Speaker 5: my friend.
- 22:51Speaker 1: Take over the world. But exactly right, and lack of
- 22:55Speaker 1: financial literacy for.
- 22:56Speaker 5: All, make sure everyone is rich. That's how ultimately got rich,
- 23:00Speaker 5: rich quickly but safely. But how do we figure that
- 23:03Speaker 5: out for somebody that we don't really know?
- 23:05Speaker 1: So, as I said, it's not your goals, it's your
- 23:08Speaker 1: buyer's goals. So you need to consider what their goals
- 23:10Speaker 1: and motivations are in terms of what you're selling. So
- 23:13Speaker 1: back to candle business as an example, a customer might
- 23:16Speaker 1: have the goal of making their house feel really homey
- 23:19Speaker 1: and beautiful and they want an aesthetic candle to sit
- 23:21Speaker 1: on their bathroom venture or in their kitchen, but on
- 23:24Speaker 1: a budget. So we're talking about their goals and aspirations,
- 23:27Speaker 1: not they want to end to world hunger. Like in
- 23:30Speaker 1: terms of your business, what would be a goal of
- 23:34Speaker 1: buying your product, like or what outcome would they get
- 23:37Speaker 1: from that? What problem has been solved? How are they
- 23:39Speaker 1: going to feel when they get that? So, like Jess,
- 23:41Speaker 1: let's say you buy my candle, you feel a little
- 23:44Speaker 1: bit fancy. It's beautiful packaging, you love how it looks
- 23:47Speaker 1: in your kitchen. Yeah, it's sesthetic, it smells good, and
- 23:50Speaker 1: it was budget friendly.
- 23:51Speaker 5: Yeah, my friends come over, they go, oh, it smells
- 23:53Speaker 5: good Innyhow.
- 23:54Speaker 1: That's so nice. And it's like, you know, looks good
- 23:57Speaker 1: in your flat lays that you might put on Instagram.
- 23:59Speaker 1: Those things could be really important to you. It's gonna
- 24:02Speaker 1: be really different if you're a plumber. Yeah, and that's okay,
- 24:05Speaker 1: But we really need to think about our own business.
- 24:08Speaker 1: Consider what the value is, consider what your customer values,
- 24:11Speaker 1: and consider what they don't value. Like they might go,
- 24:14Speaker 1: I'm not going down to Meca, for example, spending three
- 24:17Speaker 1: hundred dollars on a candle, completely ridiculous. Yeah, because do
- 24:21Speaker 1: you know what if we think about Emily, she'd probably
- 24:23Speaker 1: look at that candle and be like, so much money
- 24:25Speaker 1: that I wasted and I'm saving for a house. It
- 24:26Speaker 1: would make her feel guilty.
- 24:28Speaker 4: Yeah, I'm not gonna burn it. I'm just gonna let
- 24:29Speaker 4: it sit there.
- 24:30Speaker 1: That's literally how every expensive candle in my house exists.
- 24:33Speaker 1: Are they gonna get burned? No? Am I going to
- 24:35Speaker 1: look at them for a really long time and then
- 24:36Speaker 1: wonder why they're so dusty? Yes, that is how it's
- 24:39Speaker 1: going to be. What are their biggest goals and aspirations
- 24:42Speaker 1: and how can the product that you're selling help them
- 24:44Speaker 1: achieve that? Yes, I guess how would you describe the
- 24:47Speaker 1: goals and aspirations of your community avatar?
- 24:51Speaker 5: Yeah, like I was saying before, I think they're like
- 24:53Speaker 5: me in the sense that I like nice things.
- 24:55Speaker 1: And I think, really I have not noticed.
- 24:57Speaker 5: I think for a long time it was very taboo
- 25:00Speaker 5: to want nice things, and it was very not humble
- 25:03Speaker 5: to you know, I will very I want nice things. Yeah,
- 25:05Speaker 5: I like we have very openly had conversations where I've
- 25:08Speaker 5: said when I'm older, I want to be able to
- 25:09Speaker 5: retire early. I want to be what you would I
- 25:11Speaker 5: guess call rich or comfortably wealthy.
- 25:13Speaker 1: Or if you're gonna do it because you're a good
- 25:15Speaker 1: little investor. Yeah, I've also said things like the I'm
- 25:18Speaker 1: going to be buying a Chanel. Can't believe how expensive
- 25:20Speaker 1: they are.
- 25:21Speaker 5: But sixteen thousand dollars, Oh.
- 25:23Speaker 1: My gosh, they've gone up. Do you know they used
- 25:25Speaker 1: to be They used to be like five thousand dollars.
- 25:28Speaker 4: It makes me want to die a little bit.
- 25:29Speaker 1: But that means I'm a good investor because I bought
- 25:32Speaker 1: a Chanelle cost me five thousand dollars when I bought it,
- 25:36Speaker 1: because I bought it a while ago. Are you telling
- 25:39Speaker 1: me that my investment is now with sixteen thousand dollars?
- 25:41Speaker 4: Just crazy? Well, that's a very good investment.
- 25:44Speaker 1: I'm not selling it to you at cost price, No,
- 25:47Speaker 1: absolutely not.
- 25:48Speaker 5: But there like I think one day I would love
- 25:50Speaker 5: to own a back like those are these?
- 25:52Speaker 1: Nothing wrong with that because there's not like I don't
- 25:54Speaker 1: know a side note here. That's so beyond the bag.
- 25:57Speaker 1: That's like an obtainable aspirational goal that you go, I
- 26:02Speaker 1: can achieve that and once it's in front of you,
- 26:04Speaker 1: same with me, like I bought mine as like a congrats,
- 26:07Speaker 1: you've done well in your business and you like have
- 26:09Speaker 1: achieved this and you've deserved a little treaty treat But
- 26:12Speaker 1: I think it's so much more than that. It's about
- 26:14Speaker 1: the attainment of it, not necessarily just having the product.
- 26:17Speaker 1: Like I'm nearly convinced if you were gifted it, you'd
- 26:20Speaker 1: be like, ah, well that just took away the goal,
- 26:23Speaker 1: you know, like it was to earn it, not necessarily
- 26:26Speaker 1: to own.
- 26:26Speaker 5: It one hundred percent. But I think that my community
- 26:29Speaker 5: are very like me in that they are working towards things.
- 26:32Speaker 5: Maybe they want to travel and see the world, or
- 26:34Speaker 5: they want to buy their first house like I do,
- 26:36Speaker 5: or they want to achieve something.
- 26:39Speaker 4: They're working towards.
- 26:40Speaker 5: That, but they still want to enjoy their life along
- 26:42Speaker 5: the way, so they don't want to give everything up.
- 26:44Speaker 5: They still want to go on little trips on the
- 26:45Speaker 5: weekend with Zullin exactly right. So I think it's people
- 26:49Speaker 5: who are trying to live their best life and trying
- 26:52Speaker 5: to work towards creating a wonderful future for themselves, but
- 26:56Speaker 5: at the same time trying to make best of what
- 26:59Speaker 5: they can. Because let's be honest, I spent two hundred
- 27:01Speaker 5: dollars on one bag of groceries last night, and I
- 27:03Speaker 5: felt sick. Yeah, And so I think we're all having
- 27:06Speaker 5: that experience at the same time where we're going, well,
- 27:08Speaker 5: how do I live a life that I enjoy, a
- 27:10Speaker 5: life where I'm not miserable, a life where I can
- 27:12Speaker 5: have fun and feel beautiful, or do something that fills
- 27:14Speaker 5: my cup without you know, spending two hundred dollars on
- 27:18Speaker 5: something that disappears in a week.
- 27:20Speaker 1: Yeah, exactly. And it's always like toilet paper and things
- 27:23Speaker 1: that you're out of, like country staples, literally not even
- 27:26Speaker 1: good stuff like I wish I could say we're into
- 27:28Speaker 1: the supermarket ball like all these ingredients for all these
- 27:30Speaker 1: cute recipes I might know. It was like literally toilet paper.
- 27:33Speaker 1: I totally get that. I'm not surprised you've nailed it, Jess,
- 27:36Speaker 1: because we talk about this stuff all the time because
- 27:38Speaker 1: I think it's really important. But how about we put
- 27:40Speaker 1: a thread in the Facebook group just that she's on
- 27:42Speaker 1: the money Facebook group, so everyone can get involved. And
- 27:45Speaker 1: what we'll do is you can tell us what your
- 27:47Speaker 1: customer avatar is and we can have a look at
- 27:49Speaker 1: it and be like, oh, you could tighten it up here,
- 27:51Speaker 1: or what about this question, and we can like kind
- 27:53Speaker 1: of help you create your customer avatar, which I think
- 27:55Speaker 1: would be really fun. So that will be released on
- 27:58Speaker 1: the day that this podcasts go live, so it'll be
- 28:00Speaker 1: up now my friends. Yeah, but Jess, Yeah, now that
- 28:02Speaker 1: we've gone through all of these, what you should be
- 28:05Speaker 1: able to pull together is a very detailed customer avatar.
- 28:09Speaker 1: You're going to give them a name. You can even
- 28:11Speaker 1: write down what they look like, or better yet, you
- 28:13Speaker 1: could search the internet find a photo of somebody who
- 28:16Speaker 1: looks like your customer avatar and put that somewhere that
- 28:19Speaker 1: you can see it in a frame on the wall.
- 28:20Speaker 1: We didn't get an actual human being because I felt
- 28:22Speaker 1: like that was a bit weird. Imagine if like it
- 28:24Speaker 1: came up on our Instagram and it was like, you know,
- 28:26Speaker 1: in the background, we've got this, just like frame somebody
- 28:29Speaker 1: and then like that somebody saw and they were like,
- 28:31Speaker 1: why is there a framed photo of me in your office?
- 28:34Speaker 1: So wet the cartoon. So that's absolutely fine, but put
- 28:38Speaker 1: it somewhere that you can see it. Just now we've
- 28:39Speaker 1: done this, What is the name of your customer avatar?
- 28:42Speaker 2: Like?
- 28:42Speaker 4: Who is she?
- 28:43Speaker 1: What does she do?
- 28:44Speaker 5: I'm gonna call my customer ava I like this. I
- 28:48Speaker 5: think that she is twenty five to thirty five. She
- 28:51Speaker 5: is interested in living her best life and seeing content
- 28:55Speaker 5: that is a little bit aspirational but also still really attainable.
- 28:59Speaker 5: She is into bargain hunting.
- 29:02Speaker 1: And I love this. What she do as a job,
- 29:04Speaker 1: she works in marketing. I like this. Does she own
- 29:08Speaker 1: a property?
- 29:08Speaker 4: Yet she doesn't.
- 29:09Speaker 1: She's working on the Journey's.
- 29:11Speaker 5: On the journey and she's just kind of figuring life
- 29:14Speaker 5: out and that's okay. She just wants to surround herself
- 29:17Speaker 5: with people who are uplifting, and she really cares about
- 29:21Speaker 5: the people who are close to her, her friends and family.
- 29:23Speaker 1: All Right, I love this. I actually adore it. But
- 29:26Speaker 1: this has been such a helpful exercise and I feel
- 29:28Speaker 1: like people listening and go, oh, that would really help
- 29:31Speaker 1: me pinpoint what I'm doing, because how many times do
- 29:33Speaker 1: you just get an analysis paralysis when you're like, got to
- 29:36Speaker 1: work on a marketing campaign or I've got to do this,
- 29:38Speaker 1: or I've got to do that. Now you have somebody
- 29:39Speaker 1: you're targeting it towards, it's going to be so much easier. Yeah,
- 29:43Speaker 1: I hate writing medms like marketing medms. Do you know
- 29:45Speaker 1: how much easier it will be for we're just talking
- 29:47Speaker 1: to Emily. Yeah, I feel like, oh right Emily in
- 29:49Speaker 1: an email, let her know, like, treat your customers as
- 29:52Speaker 1: an individual and I promise it will pay dividends. But
- 29:55Speaker 1: obviously you can redo this again and again as your
- 29:58Speaker 1: business grows or pivots or changes.
- 29:59Speaker 7: This stuf.
- 30:00Speaker 1: Have to kinpoint your client that is your client forever.
- 30:04Speaker 1: So I think, do it as you want. But Jess,
- 30:07Speaker 1: I have a very big Facebook thread to get to,
- 30:10Speaker 1: as do you because you're healthy. But I think this
- 30:13Speaker 1: has been a really fun episode and I cannot wait
- 30:16Speaker 1: for next month's Business Bible episode. We'll see them, my
- 30:19Speaker 1: friends see them.
- 30:27Speaker 7: The advice shared on She's on the Money is general
- 30:29Speaker 7: in nature and does not consider your individual circumstances. She's
- 30:33Speaker 7: on the Money exists purely for educational purposes and should
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