Remove B2C Remove Business Growth Remove Innovation Remove Profitability
article thumbnail

What is an Ideal Customer Profile (ICP) and why do you need one?

Insightly

While an ICP is relevant in both B2C and B2B marketing scenarios, we’re primarily focused on B2B in this article. An ideal customer is one that is profitable, scalable, and a long-term fit for your business growth. These gaps are opportunities to innovate your product and/or offer additional, companion products.

article thumbnail

What is Account White Space Analysis? Why is it becoming Critical in Business?

SmartKarrot

It is important to understand that account white space analysis is not limited to any particular industry or a business of a particular size. It can be utilized with ease by B2B and B2C businesses as well. The analysis allows businesses to find untapped opportunities within the existing customer base.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is Customer Segmentation in SaaS and How is it Useful?

SmartKarrot

In B2B businesses, we often use the 80-20 rule that says, 80% of the profits are incurred from 20% of the customers. As a SaaS business, you’d have often tried to make your service ‘good for everyone’. As a matter of fact, it never really benefits your business. 5% of customer retention results in 75% of business profits.

B2C 12
article thumbnail

29 Tools & Resources for Today's Entrepreneur

Hubspot Sales

QuickBooks is an accounting software tool designed for businesses ranging from solo freelancers to mid-sized companies. It's a robust tool with dozens of features for managing finances, including bill management, invoices and payments, payroll, project profitability, cash flow, contractors, and reports. Zapier, Metrics API, Databox).

article thumbnail

How to Design and Track a Customer Account Journey for B2B?

SmartKarrot

It may appear that this only applies to B2C companies that conduct direct sales to customers. However, it also applies to B2B businesses. In the B2B world, the customer experience is crucial for businesses to differentiate themselves in a crowded market. Business growth and customer satisfaction are closely related.

B2B 10