BRANDING
ICP Matrix by Firmographics and Psychographics
Your Product Isn’t for Everyone—Define Exactly Who It’s For
You can’t build a great brand without knowing exactly who you’re building for.
A strong ICP matrix uses both firmographic and psychographic data to profile your best-fit customers—across both B2B and B2C use cases. This allows you to personalize messaging, prioritize segments, and allocate resources with laser focus.
Why it's Important
Aligns product, marketing, and sales around a clear customer definition
Prevents wasted spend on the wrong audience
Supports product-market fit by matching need with solution
Informs tone, messaging, and value propositions
Enables scalable growth by focusing on repeatable wins
How to Implement
Review existing customer data—Look for patterns among your happiest users or most profitable customers.
Choose your segmentation types:
For B2B: Firmographics like industry, company size, geography, tech stack, revenue.
For B2C: Demographics like age, lifestyle, income, education.Add psychographics—these include personality traits, goals, values, pain points, buying motivations, and behaviors.
Interview and survey real users to validate these characteristics and surface nuance.
Score potential customers against key attributes (e.g., "High Fit," "Medium Fit," "Low Fit").
Build a matrix or persona grid that clearly defines your best-fit profiles (Notion, Miro, Airtable, or Figma work well here).
Share across teams—make it actionable by tying each ICP to marketing channels, sales tactics, and product use cases.
Revisit quarterly or at major growth inflection points to refine based on actual behavior and new data.
How You Know You Got It Right
Teams use it to evaluate leads, prioritize features, or design campaigns
Marketing CTR and conversion rates improve when targeting ICPs
Your sales cycle shortens when engaging ICP-aligned prospects
You’re not spending time chasing the wrong customers
Product feedback from ICP users consistently maps to your roadmap
Team members can describe your ICP without referencing a doc
Your messaging resonates deeply with ICP segments—and feels irrelevant to everyone else (that’s good)
Real-World Examples
Segment (acquired by Twilio)
Narrowed their early ICP to high-growth SaaS companies with active data engineering teams.
Calm
Identified psychographic traits like high-stress, sleep-deprived professionals and focused B2C campaigns accordingly.
Brex
Focused on startups backed by top-tier VCs, using firmographic triggers like recent fundraising and headcount growth to target early adopters.
Make It Better
Include actual quotes from interviews to humanize each profile
Tie each ICP to a specific value prop and messaging angle
Use color-coded tags or scoring models for clarity
Align ICP with customer success metrics like LTV or NPS
Treat ICPs as living artifacts—refine as new data comes in
Don't Make These Mistakes
Creating too many ICPs—focus on 1–3 to start
Confusing “anyone who could use it” with “best-fit customers”
Using assumptions without validating with real customer data
Ignoring psychographics in favor of just demographics or firmographics
Failing to align sales and product teams with the final ICP