A Step-by-Step Guide to Building Your Ideal Customer Profile (ICP)

Christine Hammeren
Marketing Manager

Growth in B2B is rarely about doing more; it’s about focusing on winning the right customers. A clear Ideal Customer Profile (ICP) and well-defined buyer personas help teams focus their efforts on where long-term value is created.

This article builds on the same principles as our original ICP guide and adds practical guidance to help you move from insight to execution.

Christine Hammeren, Marketing Manager at Viking Growth

ICP vs. Buyer Group Personas: What’s the Difference?

Although they are closely related, ICPs and personas solve different problems:

  • Ideal Customer Profile (ICP): A description of the type of company that gets the most value from your solution and, in return, delivers the highest lifetime value to you.
  • Buying Group Personas: Descriptions of the roles inside those companies that influence, shape, or make purchasing decisions — including their priorities, perceived risks, and success criteria.

In short:

  • ICP answers which companies to target (accounts).
  • Personas answer how decisions get made and how to engage them (people).

Both are required for effective go-to-market execution.

Step 1: Define Your Ideal Customer Profile (ICP)

The goal of your ICP is focus. It should be grounded in data from your existing customers, not assumptions or aspirational segments.

Start with your best customers

Review customers who:

  • Stay longer and churn less
    → Low logo churn, strong gross and net revenue retention
  • Expand usage or spend over time
    → Net Revenue Retention (NRR) > 100%, growing revenue, increasing seat or usage adoption
  • It is easier to sell to and onboard
    → Shorter sales cycles, fewer stakeholders required, faster time-to-value
  • Actively validate value
    → High NPS or CSAT, positive qualitative feedback, willingness to act as references


Look for shared patterns across these accounts.

Key ICP dimensions to document

  • Industry / vertical
  • Company size (employees, revenue)
  • Geography
  • Business model
  • Technology maturity / stack
  • Primary pain points and triggers

Just as important: define negative criteria – the attributes of customers that are a poor fit and should be deprioritized.

Example ICP statement

“Our ideal customer is a B2B SaaS company with 50–250 employees, operating in Northern Europe, experiencing rapid growth and struggling to align go-to-market execution across teams.”

Step 2: Identify Decision-Makers and Key Stakeholders

Once you know which companies to target, you need to understand who matters inside them.

In most B2B organizations, buying decisions involve multiple stakeholders, such as:

  • Economic buyers (e.g., CEO, CFO)
  • Functional leaders (e.g., Head of Growth, VP Sales)
  • Influencers and users (e.g., IT, security)

Mapping the buying group helps you anticipate objections and internal friction, understand where deals stall or derail, and align messaging and plan outreach more effectively.

Step 3: Build Buying Group Personas

Buying group personas describe the stakeholders and key roles within your ICP accounts and how each contributes to the buying decision.

Strong personas are built using a combination of:

  • Internal insights from sales, marketing, product, and customer success
  • Customer interviews and feedback
  • CRM and pipeline data

What to include in each buying group persona‍

  • Role and influence in the decision
  • Primary business priorities
  • Success metrics and internal pressures
  • Perceived risks and objections
  • What they need to believe for the deal to move forward

Avoid stereotypes. Personas should reflect real patterns observed in your data.

Step 4: Map the Buying Journey

Understanding how your ICP accounts move from problem awareness to purchase is critical.

Map the journey across key stages:

  1. Awareness – recognizing a problem or opportunity
  2. Consideration – evaluating options and approaches
  3. Decision – selecting a solution and vendor
  4. Post-purchase – onboarding, adoption, and value realization

This exercise helps you identify:

  • Information needs by role and stage
  • Emotional drivers and perceived risks or concerns
  • Where marketing and sales can add the most value

Step 5: Turn ICP and Buying Group Personas into Actions

ICPs and personas only create value if they are actively used across teams.

Marketing

  • Focus campaigns and content on high-fit ICP accounts while deliberately excluding low-fit segments.
  • Design programs to engage multiple roles within target companies, not just a single “buyer.”
  • Align messaging to the priorities and risks of each buying group role, reinforcing relevance and positioning your offering as a clear solution to their most important challenges.

Sales

  • Qualify and prioritize opportunities based on ICP fit.
  • Adapt outreach, discovery, and deal strategy to different buying group roles.
  • Multi-thread deals early to reduce dependency on a single contact.

Customer Success and Product

  • Design onboarding around ICP challenges.
  • Prioritize features and roadmap decisions that matter most to your best customers.

Alignment across teams is critical.

Step 6: Review and Iterate

Your market, product, and customers will change over time. Your ICP and personas should evolve with them.

Review them regularly, especially when you see signals such as:

  • Increased churn in certain segments.
  • Lower win rates or longer sales cycles.
  • Expansion is happening in unexpected customer types.

Treat ICPs and personas as living tools, not one-off exercises.

How to Know If Your ICP Is Working

Defining and operationalizing an ICP is only valuable if it leads to better outcomes. While no ICP is perfect, there are clear signals that indicate whether your focus is improving or drifting.

Strong ICP fit typically shows up as:

  • Shorter sales cycles and higher win rates
  • Fewer late-stage objections around value or relevance
  • Faster onboarding and time-to-value
  • Higher retention and expansion within core segments

Warning signs of poor ICP fit include:

  • Deals that require heavy customization to close
  • High churn or low engagement in certain segments
  • Sales cycles that drag due to internal misalignment on the buyer side

Regularly reviewing these signals helps ensure your ICP remains a practical decision-making tool rather than a theoretical construct.

A Viking Growth Perspective

One pattern we consistently see is that most growth challenges are not caused by weak execution, but by insufficient focus.

Teams often broaden their ICP in pursuit of short-term revenue, only to pay for it later through longer sales cycles, lower retention, and increased organizational complexity. The strongest companies do the opposite: they narrow their focus as they scale — even when it feels uncomfortable.

A well-defined and consistently applied ICP acts as a forcing function for better decisions across marketing, sales, product, and customer success. It creates alignment, reduces friction, and compounds learning over time.

Key Takeaways

  • A clear ICP helps you focus on the right companies
  • Buying group personas help you engage the right roles
  • Both must be grounded in real data and shared across the organization
  • The real impact comes from using them consistently in go-to-market execution

Validating or operationalizing your ICP and buying group personas, this is often one of the highest-ROI starting points for focused growth.