Account Based Marketing Guide
Account Based Marketing Guide
ABM involves creating personalized marketing campaigns for each account, which can
include personalized content, targeted ads, and customized outreach. The goal is to
engage with key decision-makers and stakeholders within the target accounts, and
ultimately drive revenue growth and customer loyalty.
Identify the right accounts – The success of ABM depends on selecting the right
accounts to target. Consider factors such as revenue potential, industry, and fit with
your company’s offerings.
Understand your target accounts – Once you have identified your target accounts, do
your research to understand their pain points, challenges, and buying behaviors. This
will help you create personalized content and messaging that resonates with them.
Align sales and marketing efforts – ABM is most effective when sales and marketing
teams work together to engage with target accounts. Ensure that both teams are
aligned on goals, messaging, and tactics.
Create personalized content – ABM involves creating customized content and
messaging for each target account. This can include personalized emails, targeted ads,
and customized landing pages.
Measure and optimize – Like any marketing strategy, ABM requires measurement and
optimization to ensure success. Track metrics such as engagement, conversion rates,
and revenue generated, and adjust your approach as needed.
Here are some additional considerations for implementing ABM:
Adobe – Adobe used ABM to target a specific set of accounts in the financial services
industry. They created highly personalized content and campaigns, including
interactive microsites and personalized videos, to engage with their target accounts.
This approach resulted in a 22% increase in pipeline and a 16% increase in deal size.
Terminus – Terminus is a leading ABM software provider that uses its own ABM
platform to drive its own marketing efforts. They targeted a select group of high-value
accounts in the technology industry, and used personalized ads, targeted emails, and
personalized landing pages to engage with them. This resulted in a 200% increase in
Targeting high-value accounts – ABM is particularly effective for targeting a specific set
of high-value accounts, such as enterprise clients or strategic partners.
Account-based advertising – ABM can be used to create personalized ads and content
for each target account, increasing the chances of engagement and conversion.
Sales enablement – ABM can be used to align marketing and sales efforts, ensuring
that both teams are targeting the same accounts and engaging with the same
decision-makers.
Personalization – ABM enables marketers to create personalized experiences for each
target account, increasing the chances of engagement and conversion.
Cross-selling and upselling – ABM can be used to identify opportunities for
cross-selling and upselling to existing accounts, increasing revenue and customer
loyalty.
Common Mistakes during Account Based Marketing
While implementing an Account-Based Marketing (ABM) strategy, it is important to be
aware of some common mistakes that can hinder success. Here are some things not to
do while doing ABM:
Don’t focus on too many accounts – One of the biggest mistakes in ABM is trying to
target too many accounts at once. This can dilute your resources and result in less
effective engagement. It’s better to focus on a smaller number of high-value accounts
and create personalized campaigns for them.
Don’t forget to align sales and marketing – ABM requires close alignment between
sales and marketing teams. Failing to align these teams can result in inconsistent
messaging and poor execution.
Don’t create generic content – ABM requires highly personalized content and
messaging. Avoid creating generic content that is not tailored to the needs and pain
points of your target accounts.
Don’t neglect existing customers – While ABM typically focuses on targeting new
accounts, it’s important not to neglect your existing customers. ABM can also be used
to deepen relationships with current customers and drive upsell and cross-sell
opportunities.
Don’t ignore data – ABM requires a data-driven approach. Failing to track engagement
and measure results can result in ineffective campaigns and wasted resources.
Don’t use irrelevant channels – ABM requires a highly targeted approach, including
using the right channels to reach your target accounts. Avoid using channels that are
irrelevant to your target audience or that they are unlikely to use.
Don’t forget to measure and optimize – ABM requires continuous measurement and
optimization to ensure success. Failing to track and optimize campaigns can result in
missed opportunities and wasted resources.
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