Account Based Marketing + Account Based Sales Development = Account Based Everything
The New Normal - Account-Based Selling Meets Account-Based Marketing
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Transcript of The New Normal - Account-Based Selling Meets Account-Based Marketing
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The New Normal: Account-‐Based Selling Meets Account-‐Based Marke;ng
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Panelists
John Dering Director, Marke1ng Programs Demandbase
MODERATOR: Andrew Gaffney Publisher, Demand Gen Report
@D_Rang
The New Normal: Account-Based Selling Meets Account-Based Marketing
John Dering Director, Marketing Programs Demandbase @D_Rang
Question 1 What part of the organization are you in?
GOOD NEWS Marketers can measure everything
BAD NEWS We’re measuring the wrong things
What we like to
Measure
Click Through Rates
Impressions/CPMs
Web Traffic
Unique Visitors
Conversions
Inquiries
MQLs
Evolution of B2B Marketing
1995 2000 2005 2010
Drive Traffic Going digital: Website and ads
Funnel Optimization
Why are we focused on THESE
METRICS?
Because… • They are easy • it’s what we know • we can control them • we confuse
measurement for goals
What we like to
Measure
Click Through Rates
Impressions/CPMs
Web Traffic
Unique Visitors
Conversions
Inquiries
MQLs
How we should
Measure our performance
Opportunities
Pipeline
Close Rates
ACV
Funnel Velocity
Target Account Activity
Lift
Retention And Upsell
Measure everything But set goals on
business impact
We focus on quantity
instead of quality
Question 2
What is your awareness of
Account-Based Marketing?
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
18
Account-Based Marketing
Identify the companies most likely to buy, and then market to them
Why Account-based Marketing?
Focuses on best
opportunities Delivers customer-centric
experience
Supports Sales reality
Connects Marketing to revenue
Evolution of Account-Based Marketing
1995- 2005 2005-2012 2012>>>
• Limited in scale (25-50 accounts)
• Field Mktg centric • Analog in approach
• Improved scale • Email centric • Industry focused • Post hand raise • Reactive
• Fully scalable (5000+ accounts)
• Full funnel • Multiple targeting
options • Pre hand raise • Proactive
What drove the change? § IP Targeting § Account-based, real time bidders § Real time customization § More bandwidth/faster speeds § DMPs § Frustrated B2B Marketers
More marketers are
AWARE of ABM
of B2B companies are aware of ABM.
75%
of marketers say that ABM delivers higher ROI than any other marketing approach.
84%
of B2B companies employing ABM plan to increase their ABM efforts over the next 12 months.
72%
of B2B companies employing ABM plan to invest more in technology over the next 12 months.
61%
More marketers are
USING ABM
of B2B marketers employing ABM stated they are aligned with sales.
91%
of B2B companies said Account-Based Marketing has an impact on marketing’s success.
96%
More marketers are
having
SUCCESS with ABM
Getting Started with ABM
Getting Started with ABM
Align sales and marketing
Identify target accounts
Develop ABM Marketing Plan
Measure
Align Sales and Marketing
Philosophical Alignment § Shared belief in an
account-based approach § Commitment to collaboration
Operational Alignment § Target account list selection § Metrics and goals § Planning and cadence execution
Question 3 How aligned are your sales & marketing organizations?
Identify Target Accounts
Prospects
Customers
Partners
Prospects
Prospects
Customers
Partners
Prospects
Pharma
Manufacturing
FSI
Prospects
Named
Key Verticals
Strategic
Prospects
Northeast
South Midwest
West
Prospects
Early Stage Pipeline
Closed/Lost
Late Stage Pipeline
Prospects
Enterprise
Mid Market
SMB
Customers
Prospects Custo
mers
Partners
Churned
Retention
Upsell Product 2
Product 3
Product 1
Prospects
Customers
Partners
Customers
Prospects
Customers
Partners
Churned
Retention
Upsell Product 2
Product 3
Product 1
Prospects
Customers
Partners
Customers
Upsell
Churned
Retention
Churned
Retention
Upsell Product 2
Product 3
Product 1
Customers
Product 1
Product 2
Product 3
Churned
Retention
Upsell Product 2
Product 3
Product 1
Develop ABM Marketing Plan
Awareness • Account-based advertising • Syndicated content • Events/Tradeshows Engagement • Website personalization • Webinars • Social • Case studies Conversion • Forms/Chat/Sales Accelerator • Field Events • Contact Me
Analog and Digital
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
-12 -11 -10 -9 -8 -7 -6 -5 -4 -3 -2 -1 0 Months Before MQL
Field Marketing
Contact Me / Demo Request
Webform
Webinar
Event
Marketing Impact- Pre MQL
Measurement Measure across the funnel
§ Connect everything to revenue § Measure everything, but set
goals on business drivers § Course correct your plans and
spend based on results
§ Connect everything to revenue
§ Measure everything, but set goals on business drivers
Measure across the funnel
Prospects
Customers
Pipeline
Transpor’tion
Food & Bev
Entert’ment
Account Type
Industry
Full Funnel approach: Attract: Account-based advertising Engage: Website personalization Convert: Forms Measure: Website analytics Results 74% YOY Increase in marketing generated pipeline opportunities
Full Funnel approach: Attract: Account-based advertising Engage: Website personalization Convert: Forms Measure: Website analytics
Results 74% YOY Increase in marketing generated pipeline opportunities
Target Accounts 200 accounts across industries, including automotive, consumer electronics, medical and manufacturing. Full Funnel approach: Attract: Account-based advertising Engage: Website personalization Convert: Forms Measure: Website analytics Results 156% increase in opps for automotive 54% increase in opps for CE
Industry Type
Consumer Electronics
MFG
Medical
Automotive
Industry Type YOY Pipeline Opps Financial: +90% Technology: +150% Business Services: +200% Medical: +250%
Financial
Business Services Medical
Technology
Demandbase Funnel Metrics
MQL SAL PIPELINE CLOSE
82%
49%
24%
96%
64%
42%
ñ17%
ñ51%
ñ75%
Demandbase Business Metrics
Sales Team Close Rate ACV Funnel Velocity
Enterprise +285% +35% +2%
Mid Market +166% +40% -20%
Advertising +57% +31% +65%
Thank you!
John Dering Director, Marketing Programs Demandbase @D_Rang