what is account based marketing (abm)?
TRANSCRIPT
WHAT IS ACCOUNT BASED MARKETING (ABM)?
IT’S EASIER AND EASIER TO TUNE OUT MASS
MARKETING (EMAILS, TEXTS, AND ADS)
ONE MESSAGE FOR EVERYONE NO LONGER WORKS…YOU NEED TO STEP UP YOUR GAME
YOU’RE LIKELY ATTRACTING THE WRONG AUDIENCE
of B2B website visitors are not potential customers
of website visitors bounce without interaction after 1 page
82%
60%
SO HOW CAN YOU CHANGE THIS?
ABM IS ONE WAY MARKETERS ARE IMPROVING THEIR PROSPECT TARGETING
WHAT IS ABM?
ACCOUNT BASED MARKETING (ABM):
MARKETING TO ACCOUNTS/PROSPECTS MOST VALUABLE OR LIKELY TO DRIVE REVENUE
TARGETING DEFINED, KEY ACCOUNTS THAT ARE STRATEGICALLY IMPORTANT
PERSONALIZING MESSAGING AND MARKETING EFFORTS TO RESONATE WITH ACCOUNTS
ABM TRADITIONAL MARKETING
ABM IS HIGHLY TARGETED
ABM DETERMINES WHICH PROSPECTS/CUSTOMERS ARE MOST VALUABLE AND DEVELOPS PROGRAMS TO TARGET THEM SPECIFICALLY
ABM FOCUSES ON ACCOUNTS – NOT MARKETS
CONTENT AND CAMPAIGNS ARE PERSONALIZED AND OPTIMIZED BASED ON ACCOUNT NEEDS
ABM TARGETS BOTH CUSTOMERS AND PROSPECTS
CAMPAIGNS BRING IN NEW CUSTOMERS AND OPPORTUNITIES TO GROW CURRENT ACCOUNTS (E.G., UPSELL OR CROSS SELL)
SO… GIVE ME THE REASONS IT WORKS….
1PROVIDES A STRONG ALIGNMENT BETWEEN SALES AND MARKETING
By focusing on accounts vs. leads – marketing and sales speak the same language:
• There is a common goal• The teams work together to close more accounts• Resources are used efficiently to focus entirely on the customer• Conversions increases because every touchpoint is personalized for
the customer
Average annual revenue growth of organizations with aligned sales and marketing teams
32%of ABM users report their sales and marketing teams are mostly or completely aligned
70%
2 INCREASES EFFICIENCY AND REVENUE
ABM helps you focus on the most valuable accounts or ones most likely to generate revenue
Once you’ve identified the accounts that generate the most revenue, you can fuel your sales funnel with similar deals.
Look at your customer history, sales feedback, account lists and profiles, buyer behaviors, etc. to identify these accounts
of those who have employed ABM for at least a year attribute revenue increase to its use
60%
3 REDUCES WASTE
Rather than spending budget on customers and impressions that don’t turn into sales, ABM focuses on specific, valuable accounts that improve your ROI
of marketers say ABM outperforms other marketing investments
80%
4 SHORTENS THE SALES CYCLE
You can eliminate unqualified buyers right away.
By avoiding time waste on the wrong accounts and focuses on the “right ones” more likely to buy, you’ll shorten the sales cycle
5 QUALIFIES LEADS THROUGH PERSONALIZED MESSAGING
ABM enables you to qualify and target leads before marketing to them
• Map your content to buyer personas and the buying stages of the funnel
• Personalize your messaging to them based upon their needs and pains
of respondents agree that increasing engagement with target accounts is the #1 benefit of ABM
83%of consumers say they feel better about a company that delivers custom content, and are more likely to buy from that company
61%
6 DELIVERS THE HIGHEST ROI
“Nearly all B2B solution providers that measure Account Based Marketing (ABM) ROI find that ABM delivers higher ROI than other marketing initiatives.”
- ITSMA Study
7 ENABLES TRACKING AND OPTIMIZATION
Since ABM creates highly segmented and targeted campaigns, it is easier to analyze data and optimize as needed
of respondents report ABM is a key driver of marketing success
96%
18 © 2015 Amanda Calhoun. All rights reserved.
Now that you know about the benefits, are you ready to implement an effective ABM strategy?
Reach out for more information:
THANK YOU!
Resources:
http://rachelklausner.com/portfolio-post/account-based-marketing-infographic/http://www.slideshare.net/DrifttHQ/what-is-account-based-marketinghttp://www.leandatainc.com/uncategorized/the-new-state-of-account-based-marketinghttp://www.visualistan.com/2016/01/9-reasons-to-try-an-account-based-marketing-strategy.htmlhttp://www.itsma.com/research/account-based-marketing-and-roi-building-the-case-for-investment/http://blog.marketo.com/2015/09/what-is-account-based-marketing-abm-and-is-it-right-for-you.html