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Account-Based Marketing:
New Trend or Sales Necessity?
There is an impression that account-based marketing (ABM)
is a new discipline in B-to-B marketing.
But it’s been around for a long time.
Why is it
hot again?
In a B-to-B marketing world filled
with talk about inbound marketing,
outbound marketing, and omnichannel
marketing, ABM is in many ways a
great mashup of all three.
Advances in marketing and
advertising technologies have
breathed new life into ABM.
What is account-based marketing?
Account-based marketing is a
business-to-business practice that
centers engagement strategies on a
rigorously defined list of prospective
accounts instead of on a broad market.
(from ANA Ask the Expert)
What does that mean?
Rather than marketing to a target
demographic population or vertical
market like manufacturing, you
target specific companies and specific
stakeholders/individuals inside
those companies.
Individuals.
Make special note of that.
There are three B-to-B
marketplace trends driving
the renewed use of ABM.
Customer experience
1Customer experience, or CX, relies upon
ABM to grow existing customer business
and enhance customer relationships.
2Microtargeting
Data and technology allow us to get incredibly
targeted with our digital marketing outreach
and messaging strategies. ABM is the strategic
framework to leverage data and technology to
market to companies as individuals.
3Getting human
Mass targeting is out. Data and technology
allow for customized, tailored marketing
conversations with individuals. ABM drives
this personal and personalized outreach.
90%B-to-B marketers are making an investment in ABM strategy.
A SiriusDecisions research study indicated that more than 90
percent of B-to-B respondents acknowledge account-based
marketing as either important or very important.
Another study reported that more than 60 percent of
B-to-B marketers surveyed said they plan to implement
an ABM program within the next year.
60%
Source: Altera Group
Why is that?
Because it works.
97%According to Altera Group and
Marketo, 97 percent of B-to-B
marketers believe ABM has a
somewhat higher or much higher ROI
than other marketing initiatives.
84%
84 percent of B-to-B marketers say
ABM provides significant benefits
by retaining and expanding existing
client relationships.
Source: Altera Group
65 percent of B-to-B marketers say
ABM provides significant benefits
by attracting new customers.
65%
Source: Altera Group
So how do we tap
into that success
for ourselves?
We see four situations where ABM is most
useful as a marketing strategy.
Identifying your best prospects
1Through data mining and customer matching,
hone in on a sweet spot for your product or
service to develop a targeted list.
Identifying your best prospects
1Profile ideal-target, high-yield customers that
are of the right size, in the right geography,
have the right infrastructure, and that fit best
with your brand’s products or services, potential
competitors, or look-a-like companies.
2Supporting existing sales targets
It’s likely your business development team
has identified a list of accounts they want to
pursue: top 20, top 50, top 100, etc.
2Supporting existing sales targets
Marketers can support that sales strategy with
an account-based marketing program that
targets those companies directly.
3Growingexistingcustomerbusiness
Have a list of core accounts that you’re trying to
gain further penetration in? Want to win back a
past customer? ABM works great.
4Driving internal communications
ABM principles can be applied for communications
within your organization, too.
4Driving internal communications
Usingacompanyrebrandingasanexample,leverage
account-basedmarketingtacticstoannouncethe
newbrandandonboardinternalemployeesand
stakeholdersintothenewbrandstrategy.
What are the key
characteristics of
an account-based
marketing strategy?
Integration
There is no one-shot, windfall tactic out there
that will cover all the bases. The program must
be integrated across multiple channels.
1
1A sample integrated marketing mix could include:
Content
marketing
Event creation
Email marketing
Search marketing
Social media
advertising
Programmatic
display
advertising
2Highly targeted
Reaching the right customer at
the right time.
2Identify the companies you
need to reach AND understand
the individuals and their roles
within those organizations to
develop the right messaging.
3High-touch
Pay attention to both the cadence and
number of touchpoints of outreach, as
well as the quality of interactions.
3ABM programs involve several
touchpoints from both the marketing
and the sales teams.
3Preventing touchpoints from stepping
on one another through coordination and
collaboration with sales is critical to ensure
a communications strategy is cohesive,
aligned, and achieves maximum impact.
4Personalized
Leverage what you know about these
organizations to customize creative to
their needs, showing them how your
products and services can specifically
address what matters most to them.
4And yes, this will be different
for each of the companies
you’re targeting.
Beyond what to doand why to do it,what are the benefitsof an ABM program?
EMA has a philosophy called
Brand as Friend®
.
Everything that we do in terms of executing marketing
communications strategies and tactics for our clients
embodies the principles of Brand as Friend, which we use
to build affection, relevance, and trust to strengthen the
relationship between our clients’ brands and their customers.
Similarly, ABM builds
affection, relevance, and trust
between the brand and
the customer.
Tactics:
Affection
Consider a thought leadership
strategy in which you’re creating
personalized content that addresses
each company’s unique pain, teaches
them something new, provides some
utility, and positions you as an expert
on their business.
To find material, audit your existing
content library, taking some of your
top-performing assets and creating
versions of those assets for the
companies you’re targeting.
Are there specifics about
their industry, products
or services, their strategic
business initiatives, even their
competitors that you know
about that can be leveraged for
that customization?
?
Do you know where your
prospect may be in the
buying cycle?
?
Company-specific micro-events
are a great tactic for driving
affection. Host executive dinners
or team luncheons, create onsite
seminars or networking events, or
bring in a guest speaker.
!
Use direct mail. Good old-
fashioned postal mail can
be extremely effective in
getting an introduction
with your high-potential
prospects.
!
Tactics:
Relevance
ABM screams relevance, all but
embodying the marketing adage of
delivering the right message to the
right audience at the right time.
Relevance = trust.
Start with finding the right audience. Audience targeting
online is incredibly advanced. Try:
IP-targeting for
display advertising
Personalized
retargeting
Facebook custom
audiences
Twitter-tailored
audiences
Twitter-tailored
audiences can be
built in three ways.
3
First, advertisers can input a list of Twitter handles to
which they wish to advertise.
Second, advertisers can add a Twitter tag to their website
and retarget those viewers with Twitter ads.
Third, if you have a mobile app, you can retarget app users.
3
LinkedIn company and email targeting
Among the plethora of targeting methods available for
LinkedIn ads, the platform enables company-specific
targeting. Media managers can identify company
accounts on LinkedIn and serve ads to the key
influencers at those companies.
Customer match advertising through Google AdWords
AdWords relies on email addresses to create custom lists.
When an individual from a target company is signed into
their Google account, AdWords will serve them search
ads, Gmail ads, and YouTube ads, resulting in hyper-
targeted ad touches.
Consider real-time personalization
Drive prospects to a landing page that houses custom
content delivered through IP match. When the individual
hits the landing page, the IP of the company he or she is
visiting from is identified, and you can tailor the content on
the landing page to them.
This can range from overtly identifying their name or
company in the page content to taking a subtle approach
and serving up white papers, ebooks, case studies, images,
and other content that would be most relevant to them
based on where they work.
!
By employing a marketing
automation platform, you can gate
select personalized assets, collect
information, opt prospects in to
receive further communications
from you, and start a trust-building
email nurture program to keep
the conversation and friendship-
building going.
Tactics:
Trust
Building trust in an ABM strategy is
about demonstrating that you’ve done
your homework, understand these
folks well, and you have the products,
services, and expertise to make an
impact on their lives and businesses.
You can deliver on building trust through email
marketing, lead nurturing, and content.
Maintain a steady drumbeat of content delivery that
demonstrates you are a thought leader and expert, that you
understand their unique situation and challenges, and that
you are the the right partner for them.
And let’s not forget our friends
on the sales team.
They are on the front lines, and at this stage of the
process, they must have an active role in trust-building.
So when the prospect decides to buy, they feel 100
percent confident in their decision to choose you.
How do we make this all happen and what is the
process for getting there?
Try these five easy steps:
?
Identify the target company accounts:
high-opportunity/yield look-a-likes of your
best customers, those that are an ideal fit for
your products or services, and potentially
even a competitor’s customers.
1
Once you’ve identified your target account list,
build out your ABM strategy and marketing mix.
2
Choose tactics that build affection, relevance, and trust
and that are integrated and multichannel.
3
Build out your content library and sales and marketing
materials so they are personalized to your target
accounts based on specifics you know about them.
4
Launch your campaigns, measure effectiveness,
optimize, course correct in market, and build on
success from there.
5
Ready for
account-based
marketing?
Prepared to make
your ABM program
integrated, highly
targeted, high-touch,
and personalized?
Committed to leveraging
ABM to build affection,
relevance, and trust
with your high-potential
prospects?
Then you’re good to go.
Good luck!
For guidance, perspective, or marketing strategy to help your
account-based marketing program succeed, contact EMA.
mower.com

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Account-Based Marketing: New Trend or Sales Necessity?

  • 2. There is an impression that account-based marketing (ABM) is a new discipline in B-to-B marketing. But it’s been around for a long time.
  • 3. Why is it hot again?
  • 4. In a B-to-B marketing world filled with talk about inbound marketing, outbound marketing, and omnichannel marketing, ABM is in many ways a great mashup of all three.
  • 5. Advances in marketing and advertising technologies have breathed new life into ABM.
  • 6. What is account-based marketing? Account-based marketing is a business-to-business practice that centers engagement strategies on a rigorously defined list of prospective accounts instead of on a broad market. (from ANA Ask the Expert)
  • 7. What does that mean? Rather than marketing to a target demographic population or vertical market like manufacturing, you target specific companies and specific stakeholders/individuals inside those companies.
  • 9. There are three B-to-B marketplace trends driving the renewed use of ABM.
  • 10. Customer experience 1Customer experience, or CX, relies upon ABM to grow existing customer business and enhance customer relationships.
  • 11. 2Microtargeting Data and technology allow us to get incredibly targeted with our digital marketing outreach and messaging strategies. ABM is the strategic framework to leverage data and technology to market to companies as individuals.
  • 12. 3Getting human Mass targeting is out. Data and technology allow for customized, tailored marketing conversations with individuals. ABM drives this personal and personalized outreach.
  • 13. 90%B-to-B marketers are making an investment in ABM strategy. A SiriusDecisions research study indicated that more than 90 percent of B-to-B respondents acknowledge account-based marketing as either important or very important.
  • 14. Another study reported that more than 60 percent of B-to-B marketers surveyed said they plan to implement an ABM program within the next year. 60% Source: Altera Group
  • 15. Why is that? Because it works.
  • 16. 97%According to Altera Group and Marketo, 97 percent of B-to-B marketers believe ABM has a somewhat higher or much higher ROI than other marketing initiatives.
  • 17. 84% 84 percent of B-to-B marketers say ABM provides significant benefits by retaining and expanding existing client relationships. Source: Altera Group
  • 18. 65 percent of B-to-B marketers say ABM provides significant benefits by attracting new customers. 65% Source: Altera Group
  • 19. So how do we tap into that success for ourselves? We see four situations where ABM is most useful as a marketing strategy.
  • 20. Identifying your best prospects 1Through data mining and customer matching, hone in on a sweet spot for your product or service to develop a targeted list.
  • 21. Identifying your best prospects 1Profile ideal-target, high-yield customers that are of the right size, in the right geography, have the right infrastructure, and that fit best with your brand’s products or services, potential competitors, or look-a-like companies.
  • 22. 2Supporting existing sales targets It’s likely your business development team has identified a list of accounts they want to pursue: top 20, top 50, top 100, etc.
  • 23. 2Supporting existing sales targets Marketers can support that sales strategy with an account-based marketing program that targets those companies directly.
  • 24. 3Growingexistingcustomerbusiness Have a list of core accounts that you’re trying to gain further penetration in? Want to win back a past customer? ABM works great.
  • 25. 4Driving internal communications ABM principles can be applied for communications within your organization, too.
  • 27. What are the key characteristics of an account-based marketing strategy?
  • 28. Integration There is no one-shot, windfall tactic out there that will cover all the bases. The program must be integrated across multiple channels. 1
  • 29. 1A sample integrated marketing mix could include: Content marketing Event creation Email marketing Search marketing Social media advertising Programmatic display advertising
  • 30. 2Highly targeted Reaching the right customer at the right time.
  • 31. 2Identify the companies you need to reach AND understand the individuals and their roles within those organizations to develop the right messaging.
  • 32. 3High-touch Pay attention to both the cadence and number of touchpoints of outreach, as well as the quality of interactions.
  • 33. 3ABM programs involve several touchpoints from both the marketing and the sales teams.
  • 34. 3Preventing touchpoints from stepping on one another through coordination and collaboration with sales is critical to ensure a communications strategy is cohesive, aligned, and achieves maximum impact.
  • 35. 4Personalized Leverage what you know about these organizations to customize creative to their needs, showing them how your products and services can specifically address what matters most to them.
  • 36. 4And yes, this will be different for each of the companies you’re targeting.
  • 37. Beyond what to doand why to do it,what are the benefitsof an ABM program?
  • 38. EMA has a philosophy called Brand as Friend® .
  • 39. Everything that we do in terms of executing marketing communications strategies and tactics for our clients embodies the principles of Brand as Friend, which we use to build affection, relevance, and trust to strengthen the relationship between our clients’ brands and their customers.
  • 40. Similarly, ABM builds affection, relevance, and trust between the brand and the customer.
  • 42. Consider a thought leadership strategy in which you’re creating personalized content that addresses each company’s unique pain, teaches them something new, provides some utility, and positions you as an expert on their business.
  • 43. To find material, audit your existing content library, taking some of your top-performing assets and creating versions of those assets for the companies you’re targeting.
  • 44. Are there specifics about their industry, products or services, their strategic business initiatives, even their competitors that you know about that can be leveraged for that customization? ?
  • 45. Do you know where your prospect may be in the buying cycle? ?
  • 46. Company-specific micro-events are a great tactic for driving affection. Host executive dinners or team luncheons, create onsite seminars or networking events, or bring in a guest speaker. !
  • 47. Use direct mail. Good old- fashioned postal mail can be extremely effective in getting an introduction with your high-potential prospects. !
  • 49. ABM screams relevance, all but embodying the marketing adage of delivering the right message to the right audience at the right time. Relevance = trust.
  • 50. Start with finding the right audience. Audience targeting online is incredibly advanced. Try: IP-targeting for display advertising Personalized retargeting Facebook custom audiences Twitter-tailored audiences
  • 52. First, advertisers can input a list of Twitter handles to which they wish to advertise. Second, advertisers can add a Twitter tag to their website and retarget those viewers with Twitter ads. Third, if you have a mobile app, you can retarget app users. 3
  • 53. LinkedIn company and email targeting Among the plethora of targeting methods available for LinkedIn ads, the platform enables company-specific targeting. Media managers can identify company accounts on LinkedIn and serve ads to the key influencers at those companies.
  • 54. Customer match advertising through Google AdWords AdWords relies on email addresses to create custom lists. When an individual from a target company is signed into their Google account, AdWords will serve them search ads, Gmail ads, and YouTube ads, resulting in hyper- targeted ad touches.
  • 55. Consider real-time personalization Drive prospects to a landing page that houses custom content delivered through IP match. When the individual hits the landing page, the IP of the company he or she is visiting from is identified, and you can tailor the content on the landing page to them.
  • 56. This can range from overtly identifying their name or company in the page content to taking a subtle approach and serving up white papers, ebooks, case studies, images, and other content that would be most relevant to them based on where they work.
  • 57. ! By employing a marketing automation platform, you can gate select personalized assets, collect information, opt prospects in to receive further communications from you, and start a trust-building email nurture program to keep the conversation and friendship- building going.
  • 59. Building trust in an ABM strategy is about demonstrating that you’ve done your homework, understand these folks well, and you have the products, services, and expertise to make an impact on their lives and businesses.
  • 60. You can deliver on building trust through email marketing, lead nurturing, and content. Maintain a steady drumbeat of content delivery that demonstrates you are a thought leader and expert, that you understand their unique situation and challenges, and that you are the the right partner for them.
  • 61. And let’s not forget our friends on the sales team. They are on the front lines, and at this stage of the process, they must have an active role in trust-building. So when the prospect decides to buy, they feel 100 percent confident in their decision to choose you.
  • 62. How do we make this all happen and what is the process for getting there? Try these five easy steps: ?
  • 63. Identify the target company accounts: high-opportunity/yield look-a-likes of your best customers, those that are an ideal fit for your products or services, and potentially even a competitor’s customers. 1
  • 64. Once you’ve identified your target account list, build out your ABM strategy and marketing mix. 2
  • 65. Choose tactics that build affection, relevance, and trust and that are integrated and multichannel. 3
  • 66. Build out your content library and sales and marketing materials so they are personalized to your target accounts based on specifics you know about them. 4
  • 67. Launch your campaigns, measure effectiveness, optimize, course correct in market, and build on success from there. 5
  • 69. Prepared to make your ABM program integrated, highly targeted, high-touch, and personalized?
  • 70. Committed to leveraging ABM to build affection, relevance, and trust with your high-potential prospects?
  • 71. Then you’re good to go. Good luck! For guidance, perspective, or marketing strategy to help your account-based marketing program succeed, contact EMA. mower.com