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B2BMX Best of ABM - Roundtable.pdf
1.
1 Copyright © 2022
Demandbase Tracy Kraft VP, Global Revenue Marketing Delivering A Successful ABM Strategy
2.
2 Copyright © 2022
Demandbase A little about me ● Vice President, Revenue Marketing at Demandbase ● Previously VP, Account-Based Revenue + Partner Marketing at New Relic; scaled ABM, field, and partner GTM pipeline. ● Former VP, Marketing at Marqeta; established and lead the entire marketing function. ● Successful leadership roles at small start-ups as well as large, multinational companies. ● Passionate about Marketing – I truly believe in the impact Marketers can have on a company’s growth.
3.
3 Copyright © 2022
Demandbase What we’ll talk about today ● The B2B Buyer’s Journey ● What is ABX? ● Strategic considerations for all stages of ABX maturity ○ Building Account Intelligence ○ Curating Experiences at each stage of the journey ○ Account Tiering and Entitlements
4.
4 Copyright © 2022
Demandbase Start here Initial research Social media First website visit Competitive website visits Buying committee research Social network Pipeline Evaluation Retain Research additional solutions Customer Unknown Known Form fill / Hand-raise / Demo request Not here The B2B buyer’s journey is complex and anonymous
5.
5 Copyright © 2022
Demandbase The Challenges Of Digital B2B Buying Missed opportunities The costs: Clunky, frustrating buyer journeys Cranky CFOs Hunch-based decisions Omni-spamming Account blindness
6.
6 Copyright © 2022
Demandbase Building Your Account Intelligence
7.
7 Copyright © 2022
Demandbase Build and maintain your data
8.
8 Copyright © 2022
Demandbase Connect Your First-Party Data ● CRM ● Marketing automation ● Emails and meetings ● Web visits ● Advertising impressions ● Product usage ● Custom
9.
9 Copyright © 2022
Demandbase Maintain Your Data The average B2B database is 25% inaccurate at any given time (Forrester) Fix duplicate and out-of-date data Validate emails Clean and enrich your CRM
10.
10 Copyright © 2022
Demandbase Company Info ● What Size, industry, address, parent/child…you get the idea ● Why Find and score accounts, build territories, etc. ● How Triangulated & validated from multiple public sources ● Consider Match and fill rates
11.
11 Copyright © 2022
Demandbase Supplement with Third-Party data
12.
12 Copyright © 2022
Demandbase Contact Data ● What Name, title, role, contact info, connections… ● Why Identify and contact decision makers across the entire buying team ● How Triangulated & validated from multiple public sources ● Consider Accuracy > volume
13.
13 Copyright © 2022
Demandbase Account Identification / Deanonymization ● What De-anonymize web traffic on 1st and 3rd party sites ● Why Identify otherwise anonymous digital signals ● How IP + Cookie ● Consider Match vs accuracy
14.
14 Copyright © 2022
Demandbase Technographics ● What Installed technologies and predicted patterns ● Why Often #1 attribute for ICP fit; find customers of competitors and partners ● How Website tags + job boards, resume databases, etc. ● Consider Behind the firewall
15.
15 Copyright © 2022
Demandbase Put it all together
16.
16 Copyright © 2022
Demandbase Intent ● What Track content companies consume outside your website ● Why Find companies showing interest in your company, your category, or your competitors Spot those magic moments
17.
17 Copyright © 2022
Demandbase Account Intelligence: The Roadmap 1st Party 3rd Party Match Maintain
18.
18 Copyright © 2022
Demandbase Account-Based Experience (ABX) The Right Experience for Each Account at Each Stage of the Journey
19.
19 Copyright © 2022
Demandbase “Handful” – median 14, mean 39 $2M-$100M++ “Dozens” – median 50, mean 177 $250K – $2M “Hundreds” – median 500, mean 6.2K $50K – $250K “Thousands” <$50K Source: ITSMA and ABM Leadership Alliance, 2020 ABM Benchmark Study 1 : 1 1 : FEW 1 : MANY Targeted Demand Gen (ICP) Smarter GTM Is a Spectrum of Styles
20.
20 Copyright © 2022
Demandbase Think Big, Start Small, Move Quickly
21.
21 Copyright © 2022
Demandbase ABX Maturity: Think Big, Start Small, Move Quickly 1. Pick your accounts: Identify accounts in your ICP, prioritized by intent. 2. Pilot account-based advertising: An easy on-ramp since most companies already make brand investments. 3. Map leads to accounts: Lead-to-account matching is the foundation of any ABX initiative.
22.
22 Copyright © 2022
Demandbase Understand the Account Journey
23.
23 Copyright © 2022
Demandbase Awareness Engaged MQA Opportunity Customer Post-Sale Qualified Customizable Stages Understand The Account Journey Matches our ideal customer profile (ICP) – FIT Showing awareness for our category – INTENT Engaging with us – ENGAGEMENT Marketing Qualified Account – PIPELINE PREDICT Open opportunity Closed won opportunity Adoption and expansion
24.
24 Copyright © 2022
Demandbase Move from emotion to logic with thought leadership and education. Focus on validation and consensus across the entire buying committee. Align Your GTM to the Account Journey Early in the journey, focus on building your brand on a foundation of trust. Drive adoption and retention with best practices. Engage when accounts are in-market and actually interested in hearing from you. Aware Engaged MQA Opportunity Customer MQA (Cust) Qualified Opp (Cust) Win (Cust)
25.
25 Copyright © 2022
Demandbase Define The Right Experience for Each Account at Each Stage of the Journey Tier 3 Awareness Engaged MQA Opportunity Customer Post-Sale Qualified Tier 4 Tier 2 Tier 1 Data Advertising Direct Mail High Value Offers
26.
26 Copyright © 2022
Demandbase Orchestrate actions with the GTM teams
27.
27 Copyright © 2022
Demandbase When Sales and Marketing Play Nice Old: The Hand-Off New: Exquisite Orchestration TOPO: #1 indicator of account-based success is the coordination between marketing and sales Source: TOPOʼs 2019 Benchmark survey
28.
28 Copyright © 2022
Demandbase 74% Say sales’ awareness of marketing campaigns is important to win their business1 Of B2B sales reps who receive alerts to key actions required on opportunities say these alerts help them do their job better1 When sales and marketing teams are aligned, companies see an average of 19% faster revenue growth and 15% higher profitability2 SOURCE: 1. SALESFORCE, STATE OF THE CONNECTED CUSTOMER 2. SIRIUSDECISIONS, KEYNOTE AT SIRIUSDECISIONS SUMMIT 2019 85% Share insights Align data Coordinate interactions 2 19% Degrees of Alignment 1 3
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