FlipMyFunnel - The Big 5 Metrics for Account Based Marketing

Engagio
Dec. 9, 2015
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
FlipMyFunnel - The Big 5 Metrics for Account Based Marketing
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FlipMyFunnel - The Big 5 Metrics for Account Based Marketing

Editor's Notes

  1. If you are a sales rep with only 20 accounts, you are thinking about those 20 accounts all day long. not a lot of room for marketing to deliver value by generating a lot of new leads. What’s more, at any given time it’s not very likely that any of those 20 accounts are looking to buy “right now” Which would the sales rep value more — 20 low-level professionals downloading your whitepaper, or one meaningful conversation with a decision maker at one of her target accounts ?  This image is particularly hard to see, the circle needs to be thinner volumes in ABM are too low for traditional funnel metrics such as conversion rates. A sales rep with 20 accounts can’t accept a 5% conversion rate One of the biggest changes happens on the marketing side, where a department used to being measured by number of leads generated is now measured by quality of engagement with targeted accounts. “Management often has a difficult time justifying a full-time marketer focused on 3-5 ABM accounts that might help generate 20 new contacts and 5 opportunities when a junior marketer may create 500 new contacts and 100 opportunities. Of course, the value between those scenarios is vast, but the change in mindset is significant.” - Kathy Macchi, Inverta  Don’t underestimate this change. And don’t expect it to happen simply because you announced the new goals and metrics.
  2. Funding – how will you know it’s working? You need to get proper funding for a program that won’t deliver clear revenue immediately – possibly for a long time. If you hide this fact when you make your business case, you’re putting a time bomb inside your ABM program. Instead, make sure executives all understand the timescales and the metrics you’ll be using to ensure you’re making progress towards revenue. The companies who stay with their ABM strategies and track the right metrics invariably show significant return on their investment. But success is not measured in weeks (or even months in many cases).
  3. ABM is an investment in time and resources so you MUST focus on accounts with highest ROI
  4. ABM is an investment in time and resources so you MUST focus on accounts with highest ROI
  5. Including MEETINGS