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Change Your ABM Game with Top Tips from the Experts

  1. D a v e R i g o t t i H e a d o f A B M M a r k e t o , a n A d o b e C o m p a n y M a t t S e n a t o r e S e r v i c e D i r e c t o r , A B M S i r i u s D e c i s i o n s ChangeYour ABM Game withTop Tips from theExperts
  2. 2Proprietary and Confidential | © Marketo, Inc. Meet the Speakers Dave Rigotti Head of ABM Marketo, an Adobe Company Matt Senatore Service Director, ABM SiriusDecisions
  3. 3Proprietary and Confidential | © Marketo, Inc. Housekeeping • This webinar is being recorded, the slides and recording will be sent to you once the webinar concludes • Posting to social? Please use our hashtag #MKTGnation • Questions? Ask them in the Q&A box on your screen and we will try to answer them at the end of the webinar
  4. Agenda 01 02 03 04 05 The State of ABM – Findings from the latest SiriusDecisions Research The 5 things you need to get right with ABM - ABM Strategy, Goals and Alignment - ABM ProgramPlanning and Execution - ABM Measurement - ABM TeamDesign and Skill Development - ABM Infrastructure Running ABM in the real world Additional resources for more information Questions
  5. Top Tips to Elevate Your ABM Game Matt Senatore Service Director, Account-Based Marketing, SiriusDecisions @MattSenatore
  6. 6 © 2019 SiriusDecisions. All Rights Reserved@MattSenatore@SiriusDecisions ABM: A Look at the Numbers 93% “ABM is extremely important or very important to overall organization success” Source: SiriusDecisions Command Center™
  7. 7 © 2019 SiriusDecisions. All Rights Reserved@MattSenatore@SiriusDecisions ABM: A Look at the Numbers 93% “ABM is extremely important or very important to overall organization success” “Why is ABM important for your organization?” Pipeline Revenue Alignment Source: SiriusDecisions Command Center™
  8. 8 © 2019 SiriusDecisions. All Rights Reserved@MattSenatore@SiriusDecisions ABM: A Look at the Numbers Source: SiriusDecisions Command Center™ “ABM is extremely important or very important to overall organization success” 93% The average ABM budget is more than $350,000 > $350K
  9. 9 © 2019 SiriusDecisions. All Rights Reserved@MattSenatore@SiriusDecisions ABM: A Look at the Numbers 70% ”In the next 12 months, your planned ABM investment will be greater than or significantly greater than last year” “ABM is extremely important or very important to overall organization success” 93% Source: SiriusDecisions Command Center™ The average ABM budget is more than $350,000 > $350K
  10. 10 © 2019 SiriusDecisions. All Rights Reserved@MattSenatore@SiriusDecisions Strategy and Execution People Tech and Data Account-Based Marketing: Critical Focus Areas Establish clear ABM objectives, scope and responsibilities ⎼ partnering with sales and others. ABM Strategy, Goals and Alignment Plan and execute account- specific or one-to-multiple grouped-account ABM programs. Create a clear understanding of roles and responsibilities for winning ABM teams, helping nurture ABM practitioners. ABM Team Design and Skill Development Utilize, design and implement the right technology, insights and services to enable the implementation or optimization of ABM programs. Demonstrate success of ABM programs as well as overall ABM efforts against stated strategy and goals. ABM Measurement ABM Infrastructure ABM Program Planning and Execution
  11. ABM Strategy, Goals and Alignment
  12. 12 © 2019 SiriusDecisions. All Rights Reserved@MattSenatore@SiriusDecisions Activities ABM Teams Have to Deliver □ Develop ABM strategy □ Assess ABM readiness □ Build ABM business case □ Finalize ABM strategy with sales □ Align marketing to ABM strategy □ Develop team roles/resp. □ Identify segments and ICP □ Prioritize accounts □ Finalize ABM charter □ Align sales to programs Proprietary and confidential; not to be shared ABM Strategy, Goals and Alignment ABM Team Design and Skill Development ABM Measurement ABM Infrastructure ABM Program Planning and Execution □ Identify relevant ABM metrics □ Share reporting requirements □ Develop/populate dashboards □ Communicate results □ Recommend actions □ Identify sales goals □ Cluster accounts (where needed) □ Pinpoint opportunities/ demand units □ Develop marketing goals □ Assess insights/gaps □ Inventory content/assets □ Finalize ABM programs □ Execute programs □ Monitor progress □ Iterate ABM programs □ Design ABM org. structure □ Develop ABM role profiles □ Assess ABM competencies □ Interview and hire □ Train/upskill team □ Elevate awareness □ Define tech/insights requirements □ Audit ABM tech/data □ Analyze infrastructure gaps □ Develop infrastructure roadmap □ Evaluate vendors (tech/services) □ Source solutions □ Activate solutions
  13. SiriusPerspective: 13 © 2019 SiriusDecisions. All Rights Reserved@SiriusDecisions @MattSenatore There Are Different Ways to Create Demand in B-to-B The SiriusDecisions Demand Spectrum identifies four go-to-market approaches for creating demand in b-to-b companies. Defined Demand Focused Demand Named/ Industry-ABM The SiriusDecisions Demand Spectrum Large- Account ABM
  14. SiriusPerspective: 14 © 2019 SiriusDecisions. All Rights Reserved@SiriusDecisions @MattSenatore Tip 1: Companies Deploy Multiple ABM Approaches - Choose Your Focus Companies often deploy multiple ABM go-to-market approaches; most pilot one approach initially and then broaden their scope over time. 54% 60% 56% Large ABM Named ABM Industry ABM Source: SiriusDecisions State of ABM 2019 n = 151 % of respondents stating they deploy the following ABM models:
  15. SiriusPerspective: 15 © 2019 SiriusDecisions. All Rights Reserved@SiriusDecisions @MattSenatore Tip 2: When Building Your ABM Budget, Think Holistically Almost half of the overall ABM budget is spent on program development and execution costs, while people, tools and retainer-based agency support make up the rest. Source: SiriusDecisions State of ABM 2019 n = 119 10% 19% 22% 49% Programs People Tools Agencies Overall ABM budget allocated to the following:
  16. Proprietary and Confidential | © Marketo, Inc. 16 Aligning on a Common Goal Goal = Bookings Compensation= Bookings
  17. Proprietary and Confidential | © Marketo, Inc. 17 Aligning on Accounts
  18. ABM Program Planning and Execution
  19. 19 © 2019 SiriusDecisions. All Rights Reserved@MattSenatore@SiriusDecisions Activities ABM Teams Have to Deliver □ Develop ABM strategy □ Assess ABM readiness □ Build ABM business case □ Finalize ABM strategy with sales □ Align marketing to ABM strategy □ Develop team roles/resp. □ Identify segments and ICP □ Prioritize accounts □ Finalize ABM charter □ Align sales to programs Proprietary and confidential; not to be shared ABM Strategy, Goals and Alignment ABM Team Design and Skill Development ABM Measurement ABM Infrastructure ABM Program Planning and Execution □ Identify relevant ABM metrics □ Share reporting requirements □ Develop/populate dashboards □ Communicate results □ Recommend actions □ Identify sales goals □ Cluster accounts (where needed) □ Pinpoint opportunities/ demand units □ Develop marketing goals □ Assess insights/gaps □ Inventory content/assets □ Finalize ABM programs □ Execute programs □ Monitor progress □ Iterate ABM programs □ Design ABM org. structure □ Develop ABM role profiles □ Assess ABM competencies □ Interview and hire □ Train/upskill team □ Elevate awareness □ Define tech/insights requirements □ Audit ABM tech/data □ Analyze infrastructure gaps □ Develop infrastructure roadmap □ Evaluate vendors (tech/services) □ Source solutions □ Activate solutions
  20. SiriusPerspective: 20 © 2019 SiriusDecisions. All Rights Reserved@SiriusDecisions @MattSenatore Tip 3: Develop Omnichannel, Integrated Programs Almost half the overall budget is spent on program development and execution costs, with display media, events and content being the top three spend areas. 0% 5% 10% 15% 20% 25% 30% Other (please specify) Telemarketing (e.g. teleprospecting, appointment- setting) Third-party projects (e.g. agency campaign orchestration) Direct (mail, gifts) Insights (includes research, data acquisition, profiling) Content creation and customization Events (e.g. physical, virtual) Media spend (e.g. social, account targeted advertising, retargeting, out of home)Media spend Events Content Insights Direct 3rd-party projects Telemarketing Other Source: SiriusDecisions State of ABM 2019 n = 119 10% 19% 22% 49% Programs People Tools Agencies
  21. SiriusPerspective: 21 © 2019 SiriusDecisions. All Rights Reserved@SiriusDecisions @MattSenatore Tip 4: Evaluate Your Own ABM and Content Effectiveness Across ABM programs, look at content and how you engage across many closed won deals to see if there are discernable patterns. USAGE EFFECTIVENESS High Efficacy High Usage (Keep Doing) High Efficacy Low Usage (Do More) Source: SiriusDecisions High Usage Limited Efficacy (Maximize) Low Usage Low Efficacy (Re-Evaluate)
  22. SiriusPerspective: 22 © 2019 SiriusDecisions. All Rights Reserved@SiriusDecisions @MattSenatore Tip 4: Evaluate Your Own ABM and Content Effectiveness Different content types were rated by respondents according to their popularity of use in ABM as well as effectiveness showing some areas of potential over- and under- usage. USAGE 2 1 2 2 3 4 5 1 5 4 3 2 1 1 EFFECTIVENESS 1. Case study 2. Whitepaper 3. Sales presentation 4. Webinar 5. Video 1. Analyst report 2. Demo 1. Blog post 2. Infographic 3. Static brochure 4. Print collateral 5. Giveaway/gift/3D mailer 1. Interactive content 2. ROI calculator
  23. SiriusPerspective: 23 © 2019 SiriusDecisions. All Rights Reserved@SiriusDecisions @MattSenatore Tip 4: Evaluate Your Own ABM and Content Effectiveness Delivery mechanisms were similarly rated, although there is scope to increase effectiveness of some of these by increasing the level of customization. 1 3 5 7 2 6 11 6 4 2 9 5 3 8 7 4 2 3 4 USAGE EFFECTIVENESS 1. Executive briefing 2. Seller delivered in-person 3. Company hosted event 4. Industry event 1. Syndicated content 2. Sponsorship 3. Tele-prospecting 4. Direct (physical/mail) 5. Paid search 6. Social selling 7. Account targeted display – online 8. .com web page 9. Email 1. Mobile application 2. Offline advertising: geo-targeted 3. Online chat 4. Target accounts’ internal comms 5. Online community 6. Custom microsite 7. Virtual event
  24. Proprietary and Confidential | © Marketo, Inc. 24 Full-Funnel ABM Approach Contact Generation Demand Capture Pipeline Acceleration We acquire new names for our database, deliver nurture programs, and accelerate their progression. Content Syndication Sponsored Emails We find existing demand for our solutions via a combo of intent data and lower funnel content and campaigns. Paid Search and Social Direct Mail BDR Enablement Webinar We will help close more deals by accelerating pipeline touchpoints that progress opps, not simply touch them. Field Marketing Display Advertising Direct Mail
  25. Proprietary and Confidential | © Marketo, Inc. 25 Personalized Direct Mail 1 2 3
  26. Proprietary and Confidential | © Marketo, Inc. 26 Onmi-Channel Campaign: Fast CMO Direct mail, microsite, digital ads,outbound calls/emails 25XROI; 80% conversion rate
  27. Proprietary and Confidential | © Marketo, Inc. 27 Influencing Deals with Digital Media 1M impressions 750 clicks
  28. ABM Measurement
  29. 29 © 2019 SiriusDecisions. All Rights Reserved@MattSenatore@SiriusDecisions Activities ABM Teams Have to Deliver □ Develop ABM strategy □ Assess ABM readiness □ Build ABM business case □ Finalize ABM strategy with sales □ Align marketing to ABM strategy □ Develop team roles/resp. □ Identify segments and ICP □ Prioritize accounts □ Finalize ABM charter □ Align sales to programs Proprietary and confidential; not to be shared ABM Strategy, Goals and Alignment ABM Team Design and Skill Development ABM Measurement ABM Infrastructure ABM Program Planning and Execution □ Identify relevant ABM metrics □ Share reporting requirements □ Develop/populate dashboards □ Communicate results □ Recommend actions □ Identify sales goals □ Cluster accounts (where needed) □ Pinpoint opportunities/ demand units □ Develop marketing goals □ Assess insights/gaps □ Inventory content/assets □ Finalize ABM programs □ Execute programs □ Monitor progress □ Iterate ABM programs □ Design ABM org. structure □ Develop ABM role profiles □ Assess ABM competencies □ Interview and hire □ Train/upskill team □ Elevate awareness □ Define tech/insights requirements □ Audit ABM tech/data □ Analyze infrastructure gaps □ Develop infrastructure roadmap □ Evaluate vendors (tech/services) □ Source solutions □ Activate solutions
  30. SiriusPerspective: 30 © 2019 SiriusDecisions. All Rights Reserved@SiriusDecisions @MattSenatore Tip 5: Urgently Focus on Measuring Critical ABM Metrics Significant numbers of ABM practitioners are not reporting on some of ABM’s key performance indicators. ROI ABM v control Avg. Deal Size ABM v control Win Rate ABM v control Engagement ABM v control ~40-60% of companies are not tracking critical ABM metrics! Source: SiriusDecision State of ABM 2019 Lower Higher No impact Don’t know/don’t measure 47% 55% 60% 39%
  31. SiriusPerspective: 31 © 2019 SiriusDecisions. All Rights Reserved@SiriusDecisions @MattSenatore Because (When Measured) ABM Continues to Produce Strong Results Those that measured ABM impact reported substantial benefits including higher ROI, deal size, win rate and account engagement versus a similar non-ABM control group. Better Engagement 99% said account engagement was higher. Average lift was 20% Improved Win Rate 80% said win rate was higher for ABM accounts. Average lift was 13% Higher Deal Size 73% said average deal size was higher in ABM accounts. Average lift was 21% Improved ROI 91% said ABM accounts had higher ROI than control group. Average lift was just over 10%
  32. SiriusPerspective: 32 © 2019 SiriusDecisions. All Rights Reserved@SiriusDecisions @MattSenatore Tip 6: Choose Different Metrics For Different Objectives and Audiences Pick metrics that support your program objectives through the short-, mid- and long- term; surface these in compelling leadership dashboards.
  33. Proprietary and Confidential | © Marketo, Inc. 33 Tracking Marketing to Revenue Channels Content Campaigns Companies
  34. ABM Infrastructure
  35. 35 © 2019 SiriusDecisions. All Rights Reserved@MattSenatore@SiriusDecisions Activities ABM Teams Have to Deliver □ Develop ABM strategy □ Assess ABM readiness □ Build ABM business case □ Finalize ABM strategy with sales □ Align marketing to ABM strategy □ Develop team roles/resp. □ Identify segments and ICP □ Prioritize accounts □ Finalize ABM charter □ Align sales to programs Proprietary and confidential; not to be shared ABM Strategy, Goals and Alignment ABM Team Design and Skill Development ABM Measurement ABM Infrastructure ABM Program Planning and Execution □ Identify relevant ABM metrics □ Share reporting requirements □ Develop/populate dashboards □ Communicate results □ Recommend actions □ Identify sales goals □ Cluster accounts (where needed) □ Pinpoint opportunities/ demand units □ Develop marketing goals □ Assess insights/gaps □ Inventory content/assets □ Finalize ABM programs □ Execute programs □ Monitor progress □ Iterate ABM programs □ Design ABM org. structure □ Develop ABM role profiles □ Assess ABM competencies □ Interview and hire □ Train/upskill team □ Elevate awareness □ Define tech/insights requirements □ Audit ABM tech/data □ Analyze infrastructure gaps □ Develop infrastructure roadmap □ Evaluate vendors (tech/services) □ Source solutions □ Activate solutions
  36. SiriusPerspective: 36 © 2019 SiriusDecisions. All Rights Reserved@SiriusDecisions @MattSenatore Tip 7: Investigate Extended Technologies to Support ABM Account-based marketers are increasingly turning to technology to operationalize and optimize their efforts; these are some of the areas where they plan to spend more in the next 12 months. 66% 50% 29% 47% 41% 31% Account-based advertising Intent monitoring Content mgmt/ personalization Web personalization Account insights platformPredictive analytics Source: SiriusDecisions State of ABM 2019 n = 77 Percentage of respondents planning to increase spend in this category:
  37. SiriusPerspective: 37 © 2019 SiriusDecisions. All Rights Reserved@SiriusDecisions @MattSenatore Tip 8: Start With ABM Business Requirements Don’t just follow the crowd; start by assessing business requirements and audit existing stack against these to understand the gaps and develop a long-term ABM infrastructure roadmap.
  38. ABM Essentials by Marketo
  39. 39Proprietary and Confidential | © Marketo, Inc. Questions? Matt Senatore Service Director, ABM SiriusDecisions Dave Rigotti Head of ABM Marketo, an Adobe Company AdditionalMarketoResources • marketo.com/resources • marketo.com/solutions AdditionalSiriusDecisionsResources • siriusdecisions.com/our-offerings/account-based-marketing

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