how to build sales & marketing alignment with account-based marketing

23
The Age Old Battle: Sales & Marketing (Mis)alignment by Justin Gray CEO & Founder of LeadMD Building Sales and Marketing Alignment with ABM

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Page 1: How to Build Sales & Marketing Alignment with Account-Based Marketing

T h e A g e O ld B a t t l e : Sa le s & M ar ket i ng ( M i s ) a l i g n men t   b y J u s t i n G r ay C E O & Fo u n d er o f L ead M D

 Building Sales and Marketing Alignment with ABM

Page 2: How to Build Sales & Marketing Alignment with Account-Based Marketing

Who is LeadMD? Strategic Marketo Partner Marketing Automation &

CRM 2600+ Engagements Early adopters

- Started out as a marketing automation agency NOT as a digital marketing agency

30+ Certified Marketo & SFDC experts

Justin GrayCEO@jgraymatterLeadMD

Page 3: How to Build Sales & Marketing Alignment with Account-Based Marketing

what’s causing misalignment

Where the gloves meet:

Page 4: How to Build Sales & Marketing Alignment with Account-Based Marketing

This issue is nothing new. so why are we still talking about it?

Page 5: How to Build Sales & Marketing Alignment with Account-Based Marketing

But just because someone clicked a button doesn’t mean they’re ready to buy

What marketing thinks sales wants:

What sales actually wants:

Page 6: How to Build Sales & Marketing Alignment with Account-Based Marketing

Campaign mentality

The problem with this mindset: What’s generated isn’t something sales agrees is a lead!

Page 7: How to Build Sales & Marketing Alignment with Account-Based Marketing
Page 8: How to Build Sales & Marketing Alignment with Account-Based Marketing

What does this currently look like in the sales & marketing cycle?

Marketing SalesMQL

/SAL

Page 9: How to Build Sales & Marketing Alignment with Account-Based Marketing

After long, you’ll start to hear gripes from your sales guys (and gals)…It makes sense: after so many bunk leads, why should they even bother?

The result: Marketing trust breaks down & Sales behaviors move to low hanging fruit

Page 10: How to Build Sales & Marketing Alignment with Account-Based Marketing

For every 400 inquiries, only 1 becomes a closed opportunity.

That is a conversion rate of only .25%.

The traditional funnel promotes waste.

Page 11: How to Build Sales & Marketing Alignment with Account-Based Marketing

Meet Account Based Marketing

If it’s alignment we seek, how do we get there?

Page 12: How to Build Sales & Marketing Alignment with Account-Based Marketing

What is an Total Addressable Market?

Total addressable market (TAM) is a term that is typically used to reference the revenue opportunity available for a product or service.

Page 13: How to Build Sales & Marketing Alignment with Account-Based Marketing

What is an ideal customer profile?

A description of a customer or set of customers that includes:

- Demographic- Geographic- Psychographic characteristics- As well as buying patterns,- Creditworthiness- Purchase history

Page 14: How to Build Sales & Marketing Alignment with Account-Based Marketing

What is an ideal buyer persona?

A buyer persona is a detailed profile of your ideal buyers based on market research and real data about your actual clientèle.

The more detailed your personas are, the more results they’ll yield.

Page 15: How to Build Sales & Marketing Alignment with Account-Based Marketing

Get it together!1. It’s the job of both sales and

marketing to agree on ideal customer profile

2. It’s marketing’s specific job to build the database and ensure the data is correct and properly structured.

3. Metrics need to be created that measure two critical items1. ICP/IBP Completeness2. Account Engagement

Page 16: How to Build Sales & Marketing Alignment with Account-Based Marketing

Let’s talk about alignment under this model

Page 17: How to Build Sales & Marketing Alignment with Account-Based Marketing

Think Account Relationships. Not Leads.

Page 18: How to Build Sales & Marketing Alignment with Account-Based Marketing

Buyer engagement as a joint account plan between sales & marketing

Acco

unt

Buying Committee

Page 19: How to Build Sales & Marketing Alignment with Account-Based Marketing

Remember this guy? It simply doesn’t work

Marketing SalesMQL

/SAL

Page 20: How to Build Sales & Marketing Alignment with Account-Based Marketing

This is how you engage in an ABM model

Marketing

MQL

/SAL

Executives

Sales

Page 21: How to Build Sales & Marketing Alignment with Account-Based Marketing

Purchase Process

DATABASE

Predictive Analytics

Data Sources

PLANNING

Sales Intelligence

CONTENT

ABM Content Technology

EXECUTION MEASUREMENT

CRM

MARKETING AUTOMATION

ACCOUNT BASED MARKETING MANAGEMENT

Targeted Ads

3rd Party Web and Social

Personalization

SDR Outreach Tools

ABM Analytics

Intelligent Routing

ABM Go To Market Strategy

Buyer Personas Nurture

Page 22: How to Build Sales & Marketing Alignment with Account-Based Marketing

Learn more about our ABM Resourcesleadmd.com/marketplace

Page 23: How to Build Sales & Marketing Alignment with Account-Based Marketing

Thank you