The New Normal - Account-Based Selling Meets Account-Based Marketing

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#LLCSeries The New Normal: AccountBased Selling Meets AccountBased Marke;ng SPONSORED BY

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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About Demand Gen Report

•  Launched in 2007 to track best practices in lead generation

•  Newsletter has grown to more than 30,000 readers

•  We also offer a menu of research and best practices reports

•  New audio/video podcasts at DemandGenReport.com

@DG_Report  h#p://linkd.in/DG_Specialists    

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• Whitepaper  • Datasheet  • Contact  Us  Link  

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Panelists

John  Dering  Director,  Marke1ng  Programs  Demandbase      

MODERATOR:  Andrew  Gaffney  Publisher,  Demand  Gen  Report  

@D_Rang

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The New Normal: Account-Based Selling Meets Account-Based Marketing

John Dering Director, Marketing Programs Demandbase @D_Rang

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Question 1 What part of the organization are you in?

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GOOD NEWS Marketers can measure everything

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BAD NEWS We’re measuring the wrong things

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What we like to

Measure

Click Through Rates

Impressions/CPMs

Web Traffic

Unique Visitors

Conversions

Inquiries

MQLs

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Evolution of B2B Marketing

1995 2000 2005 2010

Drive Traffic Going digital: Website and ads

Funnel Optimization

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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

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What we like to

Measure

Click Through Rates

Impressions/CPMs

Web Traffic

Unique Visitors

Conversions

Inquiries

MQLs

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How we should

Measure our performance

Opportunities

Pipeline

Close Rates

ACV

Funnel Velocity

Target Account Activity

Lift

Retention And Upsell

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Measure everything But set goals on

business impact

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We focus on quantity

instead of quality

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Question 2

What is your awareness of

Account-Based Marketing?

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©2015 Copyright Demandbase, Inc. Demandbase Confidential.

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Account-Based Marketing

Identify the companies most likely to buy, and then market to them

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Why Account-based Marketing?

Focuses on best

opportunities Delivers customer-centric

experience

Supports Sales reality

Connects Marketing to revenue

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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

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What drove the change? §  IP Targeting §  Account-based, real time bidders §  Real time customization §  More bandwidth/faster speeds §  DMPs §  Frustrated B2B Marketers

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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%

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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

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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

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Getting Started with ABM

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Getting Started with ABM

Align sales and marketing

Identify target accounts

Develop ABM Marketing Plan

Measure

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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

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Question 3 How aligned are your sales & marketing organizations?

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Identify Target Accounts

Prospects

Customers

Partners

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Prospects

Prospects

Customers

Partners

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Prospects

Pharma

Manufacturing

FSI

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Prospects

Named

Key Verticals

Strategic

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Prospects

Northeast

South Midwest

West

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Prospects

Early Stage Pipeline

Closed/Lost

Late Stage Pipeline

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Prospects

Enterprise

Mid Market

SMB

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Customers

Prospects Custo

mers

Partners

Churned

Retention

Upsell Product 2

Product 3

Product 1

Prospects

Customers

Partners

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Customers

Prospects

Customers

Partners

Churned

Retention

Upsell Product 2

Product 3

Product 1

Prospects

Customers

Partners

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Customers

Upsell

Churned

Retention

Churned

Retention

Upsell Product 2

Product 3

Product 1

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Customers

Product 1

Product 2

Product 3

Churned

Retention

Upsell Product 2

Product 3

Product 1

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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

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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

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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

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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

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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

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Industry Type YOY Pipeline Opps Financial: +90% Technology: +150% Business Services: +200% Medical: +250%

Financial

Business Services Medical

Technology

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Demandbase Funnel Metrics

MQL SAL PIPELINE CLOSE

82%

49%

24%

96%

64%

42%

ñ17%

ñ51%

ñ75%

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Demandbase Business Metrics

Sales Team Close Rate ACV Funnel Velocity

Enterprise +285% +35% +2%

Mid Market +166% +40% -20%

Advertising +57% +31% +65%

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Thank you!

John Dering Director, Marketing Programs Demandbase @D_Rang