Ideal customer profile (ICP)
Ideal Customer Profiles (ICP) are a detailed description of the type of company, and often the individual buyer profile, that would benefit the most from a business’s product or service, and in turn, provide the most value to the business. It’s not just about identifying potential customers, but identifying the best-fit customers—those that are most likely to convert, stay loyal, and generate high lifetime value. An ICP helps companies focus their marketing, sales, and customer success efforts on the most valuable opportunities. Best-in-class ICPs are developed using primary research (qualitative and quantitative) to understand and identify the characteristics of the profiles.