6 common issues encountered when scaling an abm strategy

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6 COMMON ISSUES ENCOUNTERED WHEN SCALING AN ABM STRATEGY PRESENTED BY THE ABM LEADERSHIP ALLIANCE

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Page 1: 6 Common Issues Encountered When Scaling an ABM Strategy

6 COMMON ISSUES ENCOUNTERED WHEN SCALING AN ABM STRATEGY

PRESENTED BYTHE ABM LEADERSHIP ALLIANCE

Page 2: 6 Common Issues Encountered When Scaling an ABM Strategy

Today’s Moderator

Patrice GreenePresident and Co-Founder

Inverta

Page 3: 6 Common Issues Encountered When Scaling an ABM Strategy

6 Common Issues Encountered

1. Assigning attribution for opportunities is causing issues with Sales or within Marketing

2. Selecting and managing a target account list is manual and cumbersome3. Understanding which website experiences are most effective for target

accounts4. Deciding which content to deliver to targets to move them through the

buyer’s journey5. Identifying and connecting with the buying committee at target accounts6. Enabling the sales team to follow up on marketing programs

Page 4: 6 Common Issues Encountered When Scaling an ABM Strategy

Dave RigottiHead of

MarketingBizible

Shari JohnstonSVP Marketing

Radius

Elle WoulfeVP MarketingLookBookHQ

Stephanie RobothamVP Corporate

MarketingOptimizely

Sandra FreemanHead of Strategic

MarketingEngagio

Jessica FewlessSr. Director Field & Partner Marketing

Demandbase

Today’s Experts

Page 5: 6 Common Issues Encountered When Scaling an ABM Strategy

ISSUE 1Assigning attribution for opportunitiesis causing issues with Sales or within Marketing

Page 6: 6 Common Issues Encountered When Scaling an ABM Strategy

Problem

The sales team works oncommission, so they’reincentivized to close dealsand generate revenue.

The marketing team hasa MQL / opportunity goal,so they’re incentivized todrive lots of demand.

Page 7: 6 Common Issues Encountered When Scaling an ABM Strategy

Step 1: Aligning teams by creating the same goals and incentives

Step 2: Accurately measuring those goals in an ABM worldMulti-touch / full-funnel tracking to revenueEnsure tracking of non-traditional channels (outbound, mailers, etc)Account-based reporting

Creating Alignment with ABM Analytics

Page 8: 6 Common Issues Encountered When Scaling an ABM Strategy

Full-Funnel Measurement of ABM

Page 9: 6 Common Issues Encountered When Scaling an ABM Strategy

Example: Post-Opportunity Stage Activities

Page 10: 6 Common Issues Encountered When Scaling an ABM Strategy

ISSUE 2Selecting and managing a target account list is manual and cumbersome

Page 11: 6 Common Issues Encountered When Scaling an ABM Strategy

Account-Based Marketing is only successful if you are going after the

right accounts to begin with...

Page 12: 6 Common Issues Encountered When Scaling an ABM Strategy

Process Maturity

Mat

urity

Use a sales sourced named account list

Use data sources to find accounts like your recent closed deals

Leverage both technology and an aligned review process to uncover your next best customers

Leverage a target account list that is modeled after recent closed deals

Account-Based Account Selection Maturity

Page 13: 6 Common Issues Encountered When Scaling an ABM Strategy

ABM: The Art and Science

1. Align marketing & sales around your selection model

2. Use data science to find More of your next best customers

3. Validate results as a team and tier accounts

4. Operationalize them into your CRM and MAT & start executing!

Page 14: 6 Common Issues Encountered When Scaling an ABM Strategy

ISSUE 3Understanding which website experiences are most effective for target accounts

Page 15: 6 Common Issues Encountered When Scaling an ABM Strategy

Utilizing Data to Inform Experiences

▪ Relevant experiences both based on who the individual is and their behavior

▪ As a first step, try targeting on the homepage and other top trafficked pages with dynamic elements such as:

▪ Headline messaging ▪ Video vs. static imagery ▪ Recommended content▪ Calls-to-action

▪ Measure the impact against a non-ABM experience. What was the improvement? A personalized experience for employees of Microsoft

Page 16: 6 Common Issues Encountered When Scaling an ABM Strategy

Accelerate the Buyer Journey

▪ Measure the impact down the funnel on opportunities and pipeline▪ Don’t ignore valuable signals from your visitors ▪ Understand your visitor’s profile and intent based on their demographic

qualifications and the actions they’ve taken ▪ Deliver experiences that directly respond to their digital signals to

educate, engage, and accelerate them as they participate in a buyer’s journey with you

Page 17: 6 Common Issues Encountered When Scaling an ABM Strategy

ISSUE 4Deciding which content to deliver to targets to move them through the buyer’s journey

Page 18: 6 Common Issues Encountered When Scaling an ABM Strategy

“Attention is something that can't be refunded or recalled.

Once it's gone, it's gone.”

Seth Godin - July 09, 2016

Attention is a Gift

Page 19: 6 Common Issues Encountered When Scaling an ABM Strategy

Easy… Hard…

Educating Anonymous Buyers

Page 20: 6 Common Issues Encountered When Scaling an ABM Strategy

Whenever & Wherever Your Buyer Clicks

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Should be the Start of Your Journey

Page 22: 6 Common Issues Encountered When Scaling an ABM Strategy

click

0 min

click

3 min 2 min 5 min

VideoReport VideoBlog Postclick

click

eBook

eBook

Finding Your Fast Moving Buyer

Page 23: 6 Common Issues Encountered When Scaling an ABM Strategy

ISSUE 5Identifying and connecting with the buying committee at target accounts

Page 24: 6 Common Issues Encountered When Scaling an ABM Strategy

The SDR Playbook

NEW MODEL

§ Focus on Quality

§ SQLs and Opportunities

§ Get the Right Person

§ Go after target accounts

§ Go for engagement

OLD MODEL

§ Focus on Volume

§ Calls/emails per hour

§ BANT

§ All accounts are the same

§ Go for the close - every time

Page 25: 6 Common Issues Encountered When Scaling an ABM Strategy

Tip of the Spear: Your Average SDR

1. YOUNG

2. INEXPERIENCED

3. MERCENARY

4. HUNGOVER

Page 26: 6 Common Issues Encountered When Scaling an ABM Strategy

New Model Challenge: Data to Insights to Action

RESEARCH & QUALIFY

READ PRESS& BLOGS

FIND BUYINGCOMMITTEE

GET CONTACTINFO

CREATEMESSAGING

LEARN ABOUT ACCOUNTS& CONTACTS

Page 27: 6 Common Issues Encountered When Scaling an ABM Strategy

What Marketing Needs to Deliver

RELEVANT BUSINESS TOPICS

PERSONALIZED NEWS

CONTACT-SPECIFIC

MESSAGING

BUSINESS LANDSCAPE

PRIORITIZED ACCOUNTS TO TARGET

PRIORITIZED CONTACTS TO

REACH

Page 28: 6 Common Issues Encountered When Scaling an ABM Strategy

What Marketing Needs to Deliver

Turn data into insights into action for the

SDRs

RELEVANT BUSINESS TOPICS

PERSONALIZED NEWS

CONTACT-SPECIFIC

MESSAGING

BUSINESS LANDSCAPE

PRIORITIZED ACCOUNTS TO TARGET

PRIORITIZED CONTACTS TO

REACH

Page 29: 6 Common Issues Encountered When Scaling an ABM Strategy

ISSUE 6Enabling the sales team to follow up on marketing programs

Page 30: 6 Common Issues Encountered When Scaling an ABM Strategy

Sales Spam = Opt out, tune out, toss out

Page 31: 6 Common Issues Encountered When Scaling an ABM Strategy

Personalizing Follow Up

5-50 accounts (“tens”)Rich account plansEvery touch personalized

50-1,000 accounts (“hundreds”)Light research + data build outPersonalized touches to key personas1,000+ accounts (“thousands”)Automated touches OKIndustry and persona customization

Tier 3Programmatic

Tier 2Scale

Tier 1Strategic

Page 32: 6 Common Issues Encountered When Scaling an ABM Strategy

Evolution of Account Orchestration

Orchestrate a series of interactions across

channels from multiple people, to multiple people

at the account

Level 5Full Plays

Send a series of touches across channels to one

person

Level 3Channels

Send an series of emails to one

person

Level 2Time

Send an email to one person

Level 1Basic

Send a series of touches across

channels to multiple people at the account

Level 4Account

Page 33: 6 Common Issues Encountered When Scaling an ABM Strategy

Channel Diversification

Rep ATouch 1

Touch 2

Touch 3

Touch 4

Rep BTouch 0Touch 1Touch 2Touch 3Touch 4Touch 5

75%

++++

+

+

Page 34: 6 Common Issues Encountered When Scaling an ABM Strategy

Engagement Analytics Inside Salesforce

Account Insights = Better Account

Coverage Answers the questions:• Is engagement going up

over time? • Who are the most

engaged people? • Do I have engagement

from the most important people in the deal?

Page 35: 6 Common Issues Encountered When Scaling an ABM Strategy

Q&A

Page 36: 6 Common Issues Encountered When Scaling an ABM Strategy