Featuring Rachel Balik, Zineb Harvey and Leah Allen
Account-Based Marketing Strategist, Demandbase
Unlike the traditional approach of mass marketing, ABM enables B2B marketers to focus their efforts on high-value accounts, leading to more, higher quality leads and a more measurable impact on pipeline opportunities. If you’re ready to rethink digital marketing with an ABM focus, this full-funnel workshop will cover the specific ways that ABM can be applied in order to optimize the value of your website and analytics. In this session, you’ll learn how to:
- Measure the success of your current programs with an ABM focus
- Tailor your content to address the pain points of target accounts
- Capture metrics for key segments
- Optimize and focus marketing activities across the funnel with ABM
There are some really good reasons why account based marketing makes sense for B2B businesses…
Focuses on the best opportunities… you select, using a solution like Fliptop, the accounts that have the best potential…you’re not going for volume, your are looking for quality
ABM supports sales reality… deliver on their target accounts, and you align with the accounts that are most important to them.
Deliver a more personalized, customer centric experience by focusing on a more limited set of customers.
DB3K – we branded it, everyone at Demandbase knows what it is, an knows that that’s our focus.
So how can you overcome these challenges and be laser-focused on the companies you can actually sell to?
It’s called Account-Based Marketing or ABM, and it’s quickly becoming the primary strategy for best-in-class B2B companies.
Account-Based Marketing can be done in several flavors, but is broadly characterized as targeting and marketing to specific companies or segments based on their business attributes (firmographics) like: industry, size, revenue, geography, account status, and more.
3A. ENTERPRISE
There are consultants, agencies, or solution providers that would paint ABM as complex and difficult…they may have a vested interest in that way of thinking.
It’s actually very simple and straightforward…
And not only helps alignment, but also makes things more simple and clear cut for marketers
Many large companies use the strategy to target and market to a specific set of existing customers, across marketing channels, for upsell and cross-sell
3B. MID-MARKET
You can’t afford to do something complicated and involved
ABM is a great way to focus effort in a specific vertical like tech, healthcare, finance, etc. Or can even include targeting businesses who use a competitive or complementary technology
ABM is a very straightforward approach that can help you “hack” revenue growth and get a competitive advantage
ABM Simplified:
Identify – the accounts that sales values most and is most likely to close
Market – attract, engage and convert those account to prime them for a sales opportunity
Measure – keep Sales in the loop, and show them which accounts are progressing, which need attention…collaborate on actionable insights
BUT.. With all the vendors and all the research, the BASIC methods are not driving the right people to the site… Because – b b is using b2c tactics focused on wrong title, spray and pray…
You can try all that, but you won’t get anywhere until you define business objectives and segments
Measure; Is this segment on my site currently? -remember, both offline and online activities drive website traffic!!! So are your methods working to get the right companies there?
Attract: Who do you want on your website? How are you going to get them there?
Engage: What content and messaging are we using to drive engagement?
Convert: How do we drive desired outcomes for this segment?
Conversion types - Hits on key URLs (pricing page, contact us, etc.) OR Form Fills OR?
Should this be a wrap up slide???
Thought leadership about measurement. Trying to tie it too closely to our products.
We’re all measuring the wrong things for B2B Marketing Analytics
New Metrics for Success
Inquires from Target AccountsMQLs, SALs & Pipeline
Quality > Quantity
----- Meeting Notes (6/22/15 10:59) -----
Targeted Inquiries - make this a bit broader, comparison btwn target and not, show value
What changes: why ABM is beneficial to the organization
Main point: You need to segment your audience.
Focus on targetsCombine company attributes to define segments
Prospects and Customers type can be broken into Tiers:
Acquire/Maintain
Strategic/Corporate
Product Ownership (upsell)
City/County/State
You’ve heard that modern B2B buying committees don’t raise their hands to a vendor (make themselves) until anywhere from 67-90% of their process is done. Most of the marketing technology you’ve invested in relies on waiting for that 67% to tick by. Or it’s helping you take guesses at where your decision makers might be and shotgun-ing in that general direction. With Demandbase, you have the power to reach into that 67% and actively attract, engage and convert the exact companies that you want in your sales pipeline. And with this solution, you can focus your resources on a high-value segment and drive them through that 67%...all with full vision of what they’re doing and how you’re impacting them.
Company-targeted, across the Web, with zero waste + Relevant messages, for deeper engagement and better conversion
We need an attraction section in here first
Zero Click Website:
Present your organization in it’s best light, as you would during a face-to-face meeting
Leverage data from your marketing platforms and website analytics to understand your visitors’ characteristics and intent
Ensure your website visitors find the information they’re looking for (ie. product details, use cases, best practices, open positions, team information, etc.)
Drive visitors to your top goals to increase conversions
What’s clear is that your website is increasingly important – for taking prospect accounts from research/inquiry and moving them toward sales leads.
Think about it…before our call today, you visited our website, or thought about checking it out, right?
It’s proven with research too. 70% of B2B buyers say your website in the most influential channel for making a purchase
No matter what your job is (Website centric or not), we allow you to take advantage of the activity on your website and its importance in the buying process.
ALSO:
80% of buyers listed the B2B website as an integral part of their educational and decision making processes. – “B2B Buyer Survey Reveals Impact of Social Media on Vendor Selection Process,” -DemandGen Report, Sept. 11, 2012
“…all roads eventually lead to the company Web site – buyers use company Web sites as a primary tool during the decision-making process... Since Web sites are such an important stop for buyers, and it is imperative that they have a good experience during their visits, vendors must not lag in this area.” - IDC, “2012 CMO Tech Marketing Barometer Study” (April 2012)
80% of respondents report the corporate website is not performing to its maximum lead generation potential. -Demandbase 2011 National Website Demand Generation Study
SO, let’s make the buyer’s journey awesome
Present your organization in it’s best light, as you would during a face-to-face meeting
Leverage data from your marketing platforms and website analytics to understand your visitors’ characteristics and intent
Ensure your website visitors find the information they’re looking for (ie. product details, use cases, best practices, open positions, team information, etc.)
Drive visitors to your top goals to increase conversions
Advertising is traditionally top of funnel, and we do use it there, but also to drive conversion and upsell/renewal
Needs to be connected to the rest of the B2B stack
More use cases when it’s connected
Bizo Campaign
Field marketing campaign roadshow
Lift benchmark is 20-25%
For every 100 SALs,
- Without advertising, 11 closed/won
With advertising, 30 closed/won
What is lift? We have this new metric – lift is cool
For every 100 SALs,
- Without advertising, 11 closed/won
With advertising, 30 closed/won
What is lift? We have this new metric – lift is cool
For every 100 SALs,
- Without advertising, 11 closed/won
With advertising, 30 closed/won
What is lift? We have this new metric – lift is cool
For every 100 SALs,
- Without advertising, 11 closed/won
With advertising, 30 closed/won
What is lift? We have this new metric – lift is cool
Financial Services
Prospects
Late-Stage Prospects
Financial Services
Prospects
Late-Stage Prospects
Financial Services
Prospects
Late-Stage Prospects
Financial Services
Prospects
Late-Stage Prospects
Now that we’ve given the full picture….what’s behind the scenes
Remember that ABM is not about more, it’s about the right traffic
We only care if the website is performing as it connects to the overall business performance. ABM helps us keeps this focus, regardless of the team’s or contributor’s individual functions.
We only care if the website is performing as it connects to the overall business performance. ABM helps us keeps this focus, regardless of the team’s or contributor’s individual functions.
We only care if the website is performing as it connects to the overall business performance. ABM helps us keeps this focus, regardless of the team’s or contributor’s individual functions.
The goal is to impact the business, and doing ABM for us certainly has done that.
Why track all this? There is no question that marketing is having a huge impact on the business.
Ad deals take longer but that percentage is not a lot longer b/c the sales cycle on those is shorter.
Deals take slightly longer because they buy more products, deals are more complex/bigger