The Framework of
Account-Based Marketing
AN INSIDE SALES TEAM WEBINAR WITH:
JON MILLER & CRAIG ROSENBERG
Jon Miller
• Founder and Chief Operating Officer at Engagio
• Co-Founder and Previous Chief Marketing Officer at Marketo
• @JonMiller
• www.engagio.com
Craig Rosenberg
• Co-Founder and Chief Analyst at Topo
• Editor, Funnelholic
• @funnelholic
• www.topohq.com
The funnelholic
Topics for Today
• What is Account-Based Marketing
• 3 Step Model for Account-Based Marketing
• Metrics for Account-Based Marketing
So, What is Account-
Based Marketing?
Different Deal Types Require Different Types of Marketing Support
Different Demand Types
ABM
Demand
Generation
Account-Based Marketing:
A strategic approach that coordinates
personalized marketing and sales
efforts to open doors and deepen
engagement at specific accounts
– @jonmiller
Different Model
Up to 17 people influence enterprise purchases
(up from 10 in 2011)*
*2014 IDG Enterprise Role & Influence of the Technology Decision-Maker survey
“Person-centric” “Account-centric”
• Decision maker
• End users
• Influencers
Going After Target Accounts Requires an Account-Centric Focus
Different Tactics
Inbound vs. Outbound
You Need Targeted Tactics to Reach Specific People at Specific
Accounts
Land and Expand
Often, The Best Account-Based Marketing Opportunities
Are At Current Customers
ABM Today is Like Like Lead Nurturing in 2008
The Next Big Thing?
Google Trends
“Sales has been doing account selling for
years; marketing is now sophisticated enough
to do some of the same tactics at scale.”
“Your timing is very good,
based on what we see
happening at Sirius. We
launched an ABM practice in
response to a groundswell.”
“Account based marketing
is red hot...several
attendees named account
based marketing as their
top priority right now”
“…it’s clear that we’ve
passed the fad phase of
ABM’s most recent
comeback. Now, we’re
solidly in the trend phase.”
Marketers know they need to do it, and are trying to figure out how
Account-Based
Marketing –
Best Practices
ABM Planning Starts With The Account, Not the Offer
#FlipMyFunnel
What do we
want to say?
(offers)
Who should
we say it to?
(segments)
Who are we
trying to
reach?
(accounts)
What should
we say?
(content)
Where should
we say it?
(channels)
Where should
we say it?
(channels)
DEMANDGENABM
Account-
Based
Marketing
Who
WhatWhere
Pick Target Accounts
Tip: Limit list turnover (e.g. 25% per quarter)
Level 1: Reps Self-Select
Level 2: Basic Data
Level 3: Advanced Data
Level 4: Predictive Analytics
Build Your Database With the Right Contacts for Each
Persona at Target Accounts
Identify Contacts
Manual Purchase Predictive
Representative companies; not exhaustive
Account-
Based
Marketing
Who
WhatWhere
What Does Sales Want From Marketing?
What
“A meaningful and real relationship with the decision-makers + relationship with
all significant decision influencers + understanding of the dynamics of the specific
customers' business.”
New relationships:
• Accurate and clean contacts
• Air cover (awareness)
• Access and coverage (e.g. engagement
heat map)
• Meetings (where person knows why they
are meeting)
Insights:
• Research: org chart, budget, initiatives, priorities
• Timeline: what’s gone to each customer, their
status, etc.
• Reasons to call
• Account specific content
With #ABM you
need to knock on
people’s doors.
– @jonmiller
Opt out, tune out, toss out
Lead with Insights and Ideas
After sending my last email, I got really excited and wanted to share some ideas I had on
how Starbucks could leverage <Company Name>:
• Mobile app distribution - reduce friction by allowing your website visitors to download
your mobile app by texting the download link to their phone. We intelligently detect
whether a phone is on iOS or Android OS and sends them to the right app store.
• Picture message a coupon to your customers on their birthday. Why tell them how
good a frap will be when you can show them the gooey ribbons of caramel?
• New VIP service: text your order in to your local Starbucks. Get your favorite thirst
quencher sooner.
• Picture message Starbucks coupons w/QR codes to your friends on special
occasions.
• Leverage geo-location services to MMS special deals to customers when they are in
close vicinity to a Starbucks.
The possibilities are really endless.
I'd love to chat with you further about how other companies are using us, as well as chat
more about how we can help foster Starbucks' future innovative ventures.
Be bold – share some
amazing ideas; they will
respect even if you are
wrong.
Great ABM Requires Great Customer Knowledge
“A structured
approach to
developing and
implementing
highly-customized
marketing
campaigns to
markets of one.”
– ITSMA
Use Custom Content to Get Into Accounts
Custom Content
“Stories that the right people in your targeted companies would actually like
to read and share.” – Freya News
“75% of executives will read unsolicited marketing materials that contain
ideas that might be relevant to their business.” – ITSMA
Account-
Based
Marketing
Who
WhatWhere
Commonly Used ABM Tactics
Events Outbound Digital
• Owned events
• Partner events
• Third-party events
• Prospecting (SDR)
• Email
• Phone
• Social
• Direct mail /
dimensional mailer
• Ads
• IP-based ads
• Retargeting (persona-
based ads)
• Facebook / Twitter ads
• LinkedIn ads
• Web personalization
• Paid lead gen
Channels
Outbound Does Not Mean Interruption
Account-based marketing applies best concepts from
demand generation to outbound prospecting:
• Content driven
• Helpful and valuable
• Focused on the buyer, not the company
• Personalized and relevant
• Highly measurable
• Continuously improving
• Deep sales and marketing alignment
Not Interruption Marketing
Orchestration:
It’s not about any
one tactic; it’s the
MIX of touches that
drives success.
Open the
Door
• Get
relationship
with cold
account
Accelerator
• Increase
deal
velocity and
win rate
Human
Nurture
• Stay in
touch with
helpful
touches
Meetings
Creator
• Schedule
meetings at
an event
Account
Qualifier
• Follow-up
on inbound
interest
Example ABM Plays
• 63% connect rate, 5% opportunity rate
• $13,000 investment, $200,000+ revenue
Metrics for ABM
It’s called “business to
business”, not
“business to lead”
@jonmiller
Waterfall is Insufficient
Don’t count the people
you reach; reach the
people that count.
– David Ogilvy
Coverage
Do you have sufficient data, opt-in contacts, and account
plans for each target account?
“Big 5” ABM Metrics (1)
Awareness
Which target accounts have any awareness of us? Are they
visiting the website?
“Big 5” ABM Metrics (2)
Engagement
Are the right people at the account spending time with
your company, is that engagement going up over time?
“Big 5” ABM Metrics (3a)
Engagement
Are the right people at the account spending time with
your company, is that engagement going up over time?
“Big 5” ABM Metrics (3b)
Marketing Qualified Account (MQA):
An account (or discrete buying center) that
has reached enough aggregate engagement.
Program Impact
Are marketing programs reaching the target accounts?
How much waste is there?
“Big 5” ABM Metrics (4)
FOCUS
%ofsuccessesfrom
targetaccounts
COVERAGE…
Influence
How are the ABM activities improving sales outcomes such as
deal velocity, win rates, average contract values, retention, and
net promoter scores
“Big 5” ABM Metrics (5)
• “Top 25% engagement = 18% faster sales cycles.”
• “Accounts with >three engaged contacts = 15%
higher contract values.”
• “Accounts that attended that dinner = 16% more
movement to next opp stage.”
ABM Market Map
Selection Insights Content Interactions Orchestration Measurement
Identify target
accounts and
contacts
Understand
what is relevant
and resonant at
account
(triggers,
priorities, etc.)
Create
account-
specific
content and
messaging to
use in
outreach
Manage 1:1
account-specific
interactions in
channel –
Events, Outbound,
Digital (ads, web)
Orchestrate
intelligent
account plans
across teams
and channels
Show impact of
ABM efforts:
coverage,
awareness,
engagement,
impact,
influence
Complementary
WebAds
DataPredictive
Paid
Insights
Sales
SDR
Direct
• Account-based marketing coordinates
personalized marketing and sales efforts to land
and expand named accounts
• ABM delivers the highest ROI of any B2B
marketing strategy or tactic
• Outbound does not necessarily mean
interruption; use account-specific content to reach
out
• There is no magic campaign; success comes
from a mix of integrated tactics
• Leads are insufficient to measure account-based
marketing; measure via coverage, awareness,
engagement, impact & influence
Tweetable Takeaways
@jonmiller
@funnelholic
Jon Miller
@JonMiller
Engagio.com
ABM Platform
THANK YOU!
Craig Rosenberg
@Funnelholic
Topohq.com
ABM Consulting
Inside Sales Team
@InsideSalesTeam
InsideSalesTeam.com
ABM Agency
Event Sponsor:

The Framework of Account-Based Marketing

  • 1.
    The Framework of Account-BasedMarketing AN INSIDE SALES TEAM WEBINAR WITH: JON MILLER & CRAIG ROSENBERG
  • 2.
    Jon Miller • Founderand Chief Operating Officer at Engagio • Co-Founder and Previous Chief Marketing Officer at Marketo • @JonMiller • www.engagio.com
  • 3.
    Craig Rosenberg • Co-Founderand Chief Analyst at Topo • Editor, Funnelholic • @funnelholic • www.topohq.com The funnelholic
  • 4.
    Topics for Today •What is Account-Based Marketing • 3 Step Model for Account-Based Marketing • Metrics for Account-Based Marketing
  • 5.
    So, What isAccount- Based Marketing?
  • 6.
    Different Deal TypesRequire Different Types of Marketing Support Different Demand Types ABM Demand Generation
  • 7.
    Account-Based Marketing: A strategicapproach that coordinates personalized marketing and sales efforts to open doors and deepen engagement at specific accounts – @jonmiller
  • 8.
    Different Model Up to17 people influence enterprise purchases (up from 10 in 2011)* *2014 IDG Enterprise Role & Influence of the Technology Decision-Maker survey “Person-centric” “Account-centric” • Decision maker • End users • Influencers Going After Target Accounts Requires an Account-Centric Focus
  • 9.
    Different Tactics Inbound vs.Outbound You Need Targeted Tactics to Reach Specific People at Specific Accounts
  • 10.
    Land and Expand Often,The Best Account-Based Marketing Opportunities Are At Current Customers
  • 11.
    ABM Today isLike Like Lead Nurturing in 2008 The Next Big Thing? Google Trends “Sales has been doing account selling for years; marketing is now sophisticated enough to do some of the same tactics at scale.” “Your timing is very good, based on what we see happening at Sirius. We launched an ABM practice in response to a groundswell.” “Account based marketing is red hot...several attendees named account based marketing as their top priority right now” “…it’s clear that we’ve passed the fad phase of ABM’s most recent comeback. Now, we’re solidly in the trend phase.” Marketers know they need to do it, and are trying to figure out how
  • 12.
  • 13.
    ABM Planning StartsWith The Account, Not the Offer #FlipMyFunnel What do we want to say? (offers) Who should we say it to? (segments) Who are we trying to reach? (accounts) What should we say? (content) Where should we say it? (channels) Where should we say it? (channels) DEMANDGENABM
  • 14.
  • 15.
    Pick Target Accounts Tip:Limit list turnover (e.g. 25% per quarter) Level 1: Reps Self-Select Level 2: Basic Data Level 3: Advanced Data Level 4: Predictive Analytics
  • 16.
    Build Your DatabaseWith the Right Contacts for Each Persona at Target Accounts Identify Contacts Manual Purchase Predictive Representative companies; not exhaustive
  • 17.
  • 18.
    What Does SalesWant From Marketing? What “A meaningful and real relationship with the decision-makers + relationship with all significant decision influencers + understanding of the dynamics of the specific customers' business.” New relationships: • Accurate and clean contacts • Air cover (awareness) • Access and coverage (e.g. engagement heat map) • Meetings (where person knows why they are meeting) Insights: • Research: org chart, budget, initiatives, priorities • Timeline: what’s gone to each customer, their status, etc. • Reasons to call • Account specific content
  • 19.
    With #ABM you needto knock on people’s doors. – @jonmiller
  • 21.
    Opt out, tuneout, toss out
  • 22.
    Lead with Insightsand Ideas After sending my last email, I got really excited and wanted to share some ideas I had on how Starbucks could leverage <Company Name>: • Mobile app distribution - reduce friction by allowing your website visitors to download your mobile app by texting the download link to their phone. We intelligently detect whether a phone is on iOS or Android OS and sends them to the right app store. • Picture message a coupon to your customers on their birthday. Why tell them how good a frap will be when you can show them the gooey ribbons of caramel? • New VIP service: text your order in to your local Starbucks. Get your favorite thirst quencher sooner. • Picture message Starbucks coupons w/QR codes to your friends on special occasions. • Leverage geo-location services to MMS special deals to customers when they are in close vicinity to a Starbucks. The possibilities are really endless. I'd love to chat with you further about how other companies are using us, as well as chat more about how we can help foster Starbucks' future innovative ventures. Be bold – share some amazing ideas; they will respect even if you are wrong.
  • 23.
    Great ABM RequiresGreat Customer Knowledge “A structured approach to developing and implementing highly-customized marketing campaigns to markets of one.” – ITSMA
  • 24.
    Use Custom Contentto Get Into Accounts Custom Content “Stories that the right people in your targeted companies would actually like to read and share.” – Freya News “75% of executives will read unsolicited marketing materials that contain ideas that might be relevant to their business.” – ITSMA
  • 25.
  • 26.
    Commonly Used ABMTactics Events Outbound Digital • Owned events • Partner events • Third-party events • Prospecting (SDR) • Email • Phone • Social • Direct mail / dimensional mailer • Ads • IP-based ads • Retargeting (persona- based ads) • Facebook / Twitter ads • LinkedIn ads • Web personalization • Paid lead gen Channels
  • 27.
    Outbound Does NotMean Interruption Account-based marketing applies best concepts from demand generation to outbound prospecting: • Content driven • Helpful and valuable • Focused on the buyer, not the company • Personalized and relevant • Highly measurable • Continuously improving • Deep sales and marketing alignment Not Interruption Marketing
  • 28.
    Orchestration: It’s not aboutany one tactic; it’s the MIX of touches that drives success.
  • 29.
    Open the Door • Get relationship withcold account Accelerator • Increase deal velocity and win rate Human Nurture • Stay in touch with helpful touches Meetings Creator • Schedule meetings at an event Account Qualifier • Follow-up on inbound interest Example ABM Plays • 63% connect rate, 5% opportunity rate • $13,000 investment, $200,000+ revenue
  • 30.
  • 31.
    It’s called “businessto business”, not “business to lead” @jonmiller Waterfall is Insufficient
  • 32.
    Don’t count thepeople you reach; reach the people that count. – David Ogilvy
  • 33.
    Coverage Do you havesufficient data, opt-in contacts, and account plans for each target account? “Big 5” ABM Metrics (1)
  • 34.
    Awareness Which target accountshave any awareness of us? Are they visiting the website? “Big 5” ABM Metrics (2)
  • 35.
    Engagement Are the rightpeople at the account spending time with your company, is that engagement going up over time? “Big 5” ABM Metrics (3a)
  • 36.
    Engagement Are the rightpeople at the account spending time with your company, is that engagement going up over time? “Big 5” ABM Metrics (3b) Marketing Qualified Account (MQA): An account (or discrete buying center) that has reached enough aggregate engagement.
  • 37.
    Program Impact Are marketingprograms reaching the target accounts? How much waste is there? “Big 5” ABM Metrics (4) FOCUS %ofsuccessesfrom targetaccounts COVERAGE…
  • 38.
    Influence How are theABM activities improving sales outcomes such as deal velocity, win rates, average contract values, retention, and net promoter scores “Big 5” ABM Metrics (5) • “Top 25% engagement = 18% faster sales cycles.” • “Accounts with >three engaged contacts = 15% higher contract values.” • “Accounts that attended that dinner = 16% more movement to next opp stage.”
  • 39.
    ABM Market Map SelectionInsights Content Interactions Orchestration Measurement Identify target accounts and contacts Understand what is relevant and resonant at account (triggers, priorities, etc.) Create account- specific content and messaging to use in outreach Manage 1:1 account-specific interactions in channel – Events, Outbound, Digital (ads, web) Orchestrate intelligent account plans across teams and channels Show impact of ABM efforts: coverage, awareness, engagement, impact, influence Complementary WebAds DataPredictive Paid Insights Sales SDR Direct
  • 40.
    • Account-based marketingcoordinates personalized marketing and sales efforts to land and expand named accounts • ABM delivers the highest ROI of any B2B marketing strategy or tactic • Outbound does not necessarily mean interruption; use account-specific content to reach out • There is no magic campaign; success comes from a mix of integrated tactics • Leads are insufficient to measure account-based marketing; measure via coverage, awareness, engagement, impact & influence Tweetable Takeaways @jonmiller @funnelholic
  • 41.
    Jon Miller @JonMiller Engagio.com ABM Platform THANKYOU! Craig Rosenberg @Funnelholic Topohq.com ABM Consulting Inside Sales Team @InsideSalesTeam InsideSalesTeam.com ABM Agency Event Sponsor:

Editor's Notes

  • #10 ABM is an investment in time and resources so you MUST focus on accounts with highest ROI
  • #11 ABM is an investment in time and resources so you MUST focus on accounts with highest ROI
  • #12 Why now? What about mobile, social, cloud, etc. makes this inevitable? Harder than ever to reach decision makers with traditional tactics New ways to reach buyers (individually-addressable touch-points, real-time ad buying) Shift from campaign-marketing to “always on” mindset requires integration Big data / predictive analytics allow marketers to understand the complexity of relationships and buyer context, and match personalized content accordingly Buyers delaying engagement with sales ; harder to reach CXOs {happened in velocity, needs to happen in XYZ} Decomposition of the nice/clean customer funnel… no longer just awareness, familiarity, consideration, etc. Useful model, but. Really a set of nodes, interactions (through a connected device) New ways to reach buyers Proliferation of “connected customers” and customer data -- smart phones, smart devices (50B connected devices) behind every device is a customer → data proliferation From campaigns to “always on” Big data / predictive (understand the complexity of the relationships, context) Needs new ways to measure
  • #14 Wrong: what we want to say, how we want to say it  target the right people RIGHT: who we want to target  what and how to say it
  • #19 Lots of feelings about some Sales reps not getting it, some that do; frustration “we’re trying to help them but they don’t cooperate”
  • #22 Need to LISTEN
  • #25 Content Solution: Automated content discovery (+ import nurture) Templates + cloud based labor (Odesk, Scripted, Newscred) AI agents Custom
  • #27 Marketo success with InMail re: Innovate program from Jim Drake - 35% open rate, 13 responses. ($25K) (CB) Social networking can be following someone, retweeting, etc. Can also be seeing who they know…
  • #29 Marketo success with InMail re: Innovate program from Jim Drake - 35% open rate, 13 responses. ($25K) (CB) Social networking can be following someone, retweeting, etc. Can also be seeing who they know…
  • #32 The “law of large numbers” breaks down in narrow funnel -- can’t use vanity metrics, can’t count on volumes Only need one deal to make a program ROI look good – noisy data
  • #40  ----- Meeting Notes (8/4/15 13:26) ----- account-based on Sales and Success; not marketing open to influence as a metric demandbase: vertical audiences T1: 300 top accounts (whales) T2: 300 next