Jon Miller discusses account-based marketing (ABM). He defines ABM as a strategic approach that coordinates personalized marketing and sales efforts to open doors and deepen engagement at specific accounts. Miller outlines a 3 step ABM model including selecting target accounts, developing account-specific content and messaging, and orchestrating interactions across channels. He stresses that the success of ABM comes from integrating different tactics, not any single campaign, and that the "Big 5" metrics for ABM are coverage, awareness, engagement, reach, and impact on sales outcomes.
14. 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
27. Send Emails Like
This
…share some ideas I had on how Starbucks could leverage <Company>:
• 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.
…
Be bold –
share some
amazing
ideas; they
will respect
even if you
are wrong.
34. Open the
Door
• Get
relationship
with cold
account
Accel-
erator
• 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
Tip: Consider asking for email opt-in instead of a meeting
35. Open the
Door
• Get
relationship
with cold
account
Accel-
erator
• 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
36. Open the
Door
• Get
relationship
with cold
account
Accel-
erator
• 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
37. Open the
Door
• Get
relationship
with cold
account
Accel-
erator
• 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
38. Open the
Door
• Get
relationship
with cold
account
Accel-
erator
• 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
48. 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,
reach, impact
Complementary
WebAds
DataPredictive
Paid
Insights
Sales
SDR
Direct
ABM is an investment in time and resources so you MUST focus on accounts with highest ROI
ABM is an investment in time and resources so you MUST focus on accounts with highest ROI
“Limited budget and resource constraints lend themselves to a renewed focus on account based marketing techniques”
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
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
Value potential
Fit with product
Competitor’s customers
Strategic importance
Rep should explain WHY they picked what they picked – articulate thei rmethodology
Sales OWNS the target account list; marketing “maintains” it
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”
Need to LISTEN
“You’re going to have to spend some money to be really good at account based marketing. But it’s OK because it’s the accounts that will make you the most money.”
Don’t forget about MEETINGS at tradeshows
For marketing invites, list should be 4-5x desired attendance
Offer charitable donation, or ipad, or airline voucher in exchange for a meeting
More = Google PPC targeting now, future Uber cars
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…
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
----- 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