Getting your head around the subject of ABM and the many factors to consider, when you’re setting out, is a big ask. To make this complex strategy work for you, it’s important to know the current landscape and understand what you can do.
These tips from our ABM experts and the senior business leaders who contributed to our ABM report — Driving business impact in APAC with account-based marketing (ABM) — should give you a lot to think about. And help you make the small changes you’ll need, that lead to the big gains you want.
Why it’s
important:
Prioritise by growth opportunity
What you
should do:
We try to balance that focus on a scale with markets where you don’t have to invest too many resources localising, then select other non-English markets where you can drive a larger revenue impact.
Deepak Jhakal
Director of Global Strategic Digital Programs and ABM, Pure Storage
Why it’s
important:
Tailor your approach
What you
should do:
ABM is a long-term strategy and requires long-term goals to drive penetration through always-on engagement with your accounts. This needs a different kind of measurement framework but not every organisation is ready, so it requires a lot of change management.
Deepak Jhakal
Director of Global Strategic Digital Programs and ABM, Pure Storage
Why it’s
important:
Start having more conversations with Sales
What you
should do:
Every year, we go through a fairly extensive review process of which accounts are in or outside of ABM. We always start with sales-oriented metrics, and then look at software metrics like engagement. But apart from getting traction with our customers, we ask if we are getting traction with our internal sales team—because it’s one thing to have the best marketing ideas on the planet, but if Sales is resistant [to ABM] we are not going to get very far.
Todd Bates
Director of Enterprise & Vertical Marketing, APAC, Red Hat
Why it’s
important:
Take the lead on setting expectations of responsibility
What you
should do:
Marketers support multiple accounts, especially in larger sales organisations and it may not be possible to apply ABM to every single account. We must do a reality check with Sales and the leadership team to determine if ABM is a nice-to-have for the accounts or a must-have.
Christine Law
Director, Head of ABM and Executive Marketing, Asia Pacific and Japan, ServiceNow
Why it’s
important:
Effectively engage employees
What you
should do:
One of the biggest challenges is to find a specific salesperson in an organisation that is willing to go along this journey for an account. Especially with factors like staff turnover and account rotation, it’s difficult for marketers to discuss account strategy if the salesperson isn’t there to see through to the end.
Christine Law
Director, Head of ABM and Executive Marketing, Asia Pacific and Japan, ServiceNow
Why it’s
important:
Realistic resource allocation
What you
should do:
Some companies are going all in on ABM with 70-80% of their demand and revenue generation coming from ABM. It’s either going to be very risky or profitable, but you really need systems, people, content, and account selection to work in this beautiful orchestration for it to succeed.
Dara Such
VP Customer Enablement and Data Strategy, TechTarget
Why it’s
important:
Take a process-driven approach to technology and data
What you
should do:
Driving successful adoption and integration of a marketing tech strategy requires strong alignment between the right internal and external partners to ensure we are effectively using what we have today.
Jason Zaman
Global Digital ABX Manager, North America, Workday
Why it’s
important:
Leverage data throughout the customer journey
What you
should do:
More ABM programmes are using a power combo of account and contact-level intent data to achieve scale and stronger results. Scale is often associated with automation and AI but how you use those tools and with what data is so important. Applying data at the account and buyer levels improves what you get out of ABM tactics from even the simplest cadence to the most complex propensity model.
Dara Such
VP Customer Enablement and Data Strategy, TechTarget
Why not share your own ABM experiences?
We could include them in future tip sheets.
Have a chat with one of our ABM experts.