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#opticon2015
Fishing With Spears
All About #ABM
Esben Rasmussen
CEO, Engagio
jon@engagio.com
@jonmiller
Different Deal Types Require Different Types of
Marketing Support
Different Demand Types
Account-
Based
Marketing
Demand
Generation
©2015 Engagio, Inc. #opticon2015 @jonmiller
So What Is Account-Based
Marketing?
Account-Based Marketing:
A strategic approach that
coordinates personalized
marketing and sales efforts
to open doors and deepen
engagement at specific
accounts
– @jonmiller
Different Model
Up to 17 people influence enterprise purchases
(up from 10 in 2011)*
*2014 IDG Enterprise Role & Influence of the Technology Decision-Maker survey
“Person-centric” “Account-centric”
•  Decision maker
•  End users
•  Influencers
Going After Target Accounts Requires an
Account-Centric Focus
©2015 Engagio, Inc. #opticon2015 @jonmiller
Different Tactics
Inbound vs. Outbound
You Need Targeted Tactics to Reach Specific
People at Specific Accounts
©2015 Engagio, Inc. #opticon2015 @jonmiller
Land and Expand
It’s about customers, not just new business.
Often, The Best Account-Based Marketing
Opportunities Are At Current Customers
©2015 Engagio, Inc. #opticon2015 @jonmiller
“ABM Delivers The Highest ROI Of Any B2B
Marketing Strategy Or Tactic” (ITSMA)
About the same
Somewhat higher
Significantly higher
16%
42%
42%
ROI of ABM
How does ABM return on investment (ROI)
compare to other marketing initiatives?
% of Respondents (N=38)
ITSMA Account Based Marketing Survey, October 2013
•  Focuses time and
resources on accounts
most likely to drive
revenue (“zero waste”)
•  Improves marketing-
sales alignment
•  Creates a better, more
coordinated customer
experience
©2015 Engagio, Inc. #opticon2015 @jonmiller
3 Step Model for Account-
Based Marketing
Account-
Based
Marketing
Who
WhatWhere
ABM Planning Starts With The Account, Not
the Offer
Account-Centric Planning
What do
we want
to say?
(offers)
Who
should we
say it to?
(segments)
Who are we
trying to
reach?
(accounts)
What
should we
say?
(content)
Where
should we
say it?
(channels)
Where
should we
say it?
(channels)
DEMANDGENABM
©2015 Engagio, Inc. #opticon2015 @jonmiller
Account-
Based
Marketing
Who
WhatWhere
©2015 Engagio, Inc. #opticon2015 @jonmiller
Pick Target Accounts
•  Augment account info with firmographics, technographics, and engagement data
•  Limit list turnover (e.g. 25% per quarter)
•  Use predictive scoring where appropriate
©2015 Engagio, Inc. #opticon2015 @jonmiller
Build Your Database With the Right Contacts
for Each Persona at Target Accounts
Identify Contacts
Manual Purchase Predictive
Representative companies; not exhaustive
©2015 Engagio, Inc. #opticon2015 @jonmiller
Account-
Based
Marketing
Who
WhatWhere
©2015 Engagio, Inc. #opticon2015 @jonmiller
With #ABM
you need to
knock on
people’s doors.
– @jonmiller
Outbound Does Not Mean Interruption
Account-based marketing applies best concepts
from demand generation to outbound prospecting:
•  Content driven
•  Helpful and valuable
•  Focused on the buyer, not the company
•  Personalized and relevant
•  Highly measurable
•  Continuously improving
•  Deep sales and marketing alignment
Not Interruption Marketing
©2015 Engagio, Inc. #opticon2015 @jonmiller
Great ABM Requires Great Customer Knowledge
“A structured
approach to
developing and
implementing
highly-customized
marketing
campaigns to
markets of one.”
– ITSMA
©2015 Engagio, Inc. #opticon2015 @jonmiller
•  Initiatives and buying
centers
•  Whitespace analysis
•  Relationships and
influencers (individual
and organizational)
•  Industry trends,
organizational priorities,
trigger events
Account Research
©2015 Engagio, Inc. #opticon2015 @jonmiller
Use Account Knowledge To Create Custom
Account Offers
Custom Content
“Stories that the right people in your targeted companies would
actually like to read and share.” – Freya News
“75% of executives will read unsolicited marketing materials that
contain ideas that might be relevant to their business.” – ITSMA
©2015 Engagio, Inc. #opticon2015 @jonmiller
Account-
Based
Marketing
Who
WhatWhere
©2015 Engagio, Inc. #opticon2015 @jonmiller
Today’s Tactics are Stuck in 1990s
Cold Calls and Steak Dinners
©2015 Engagio, Inc. #opticon2015 @jonmiller
Commonly Used ABM Tactics
Events Outbound Digital
•  Owned events
•  Partner events
•  Third-party events
•  Email
•  Phone
•  Social
•  Direct mail /
dimensional mailer
•  Insource / outsource
•  IP-based ads
•  Retargeting (persona-
based)
•  Social ads
•  LinkedIn
•  Web personalization
Channels
©2015 Engagio, Inc. #opticon2015 @jonmiller
Web Personalization
©2015 Engagio, Inc. #opticon2015 @jonmiller
Orchestration:
It’s not about
any one tactic;
it’s the MIX of
touches that
drives success.
Example: Marketo Fortune Cookie Campaign
•  Targeted high value but inactive contacts
•  63% connect rate, 5% opportunity rate
•  $13,000 investment
•  $200,000+ revenue
Integrated Tactics
©2015 Engagio, Inc. #opticon2015 @jonmiller
Metrics for ABM
Waterfall is Insufficient
©2015 Engagio, Inc. #opticon2015 @jonmiller
Don’t count the
people you reach;
reach the people
that count.
– David Ogilvy
Show How Marketing Is Influencing Accounts
Visualize Impact
Example: Marketo Revenue Cycle Analytics
©2015 Engagio, Inc. #opticon2015 @jonmiller
Coverage Engagement Productivity
Coverage
•  # Contacts at Account
•  # Executive Contacts
•  # Accounts with Profiles
Penetration
•  Potential Contacts at
Account
•  Contact Whitespace
•  % of Potential Contacts
Account Touches
•  Sales, Marketing, SDR,
Account Mgmt, etc.
Engagement (minutes +
CXO “conversations”)
•  Web Traffic (Visits and
Time, Content)
•  Attendance at Events
•  Successful Meetings
•  Etc.
Aggregate Engagement
(Change) for Account
Qualitative
•  Tactical deals vs.
Strategic deals
•  “Depth” of relationship
Quantitative
•  Pipeline from Targets
(New and Cross-Sell)
•  Accelerated Sales Cycle
•  Larger Deal Size
•  Retention
•  Satisfaction / NPS
ABM Metrics
Measure outcomes with control-group testing or over time
©2015 Engagio, Inc. #opticon2015 @jonmiller
•  Understands individuals
and accounts, relationships
•  Shows impact of account
based marketing efforts:
coverage, engagement,
productivity
•  Orchestrates intelligent
account plans across
channels (events,
advertising, website, social,
prospecting)
•  Engages sales intelligently
•  Creates relevant content
automatically
“ABM Stack”
©2015 Engagio, Inc. #opticon2015 @jonmiller
•  Account-based marketing coordinates personalized
marketing and sales efforts to land and expand
specific accounts
•  ABM = focus = zero waste, better results
•  ABM delivers the highest ROI of any B2B
marketing strategy or tactic
•  Great ABM requires great account knowledge
•  Create content that the right people in your target
companies actually like to read and share
•  There is no magic campaign; success comes from a
mix of integrated tactics
•  The “law of large numbers” breaks down in
account-based marketing; measure ABM success
via engagement and lift
Tweetable Takeaways
@jonmiller	
  
©2015 Engagio, Inc. #opticon2015 @jonmiller
#opticon2015
Fishing With Spears
All About #ABM
Esben Rasmussen
CEO, Engagio
jon@engagio.com
@jonmiller

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ABM delivers highest ROI of any B2B strategy

  • 1. #opticon2015 Fishing With Spears All About #ABM Esben Rasmussen CEO, Engagio jon@engagio.com @jonmiller
  • 2. Different Deal Types Require Different Types of Marketing Support Different Demand Types Account- Based Marketing Demand Generation ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 3. So What Is Account-Based Marketing?
  • 4. Account-Based Marketing: A strategic approach that coordinates personalized marketing and sales efforts to open doors and deepen engagement at specific accounts – @jonmiller
  • 5. Different Model Up to 17 people influence enterprise purchases (up from 10 in 2011)* *2014 IDG Enterprise Role & Influence of the Technology Decision-Maker survey “Person-centric” “Account-centric” •  Decision maker •  End users •  Influencers Going After Target Accounts Requires an Account-Centric Focus ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 6. Different Tactics Inbound vs. Outbound You Need Targeted Tactics to Reach Specific People at Specific Accounts ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 7. Land and Expand It’s about customers, not just new business. Often, The Best Account-Based Marketing Opportunities Are At Current Customers ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 8. “ABM Delivers The Highest ROI Of Any B2B Marketing Strategy Or Tactic” (ITSMA) About the same Somewhat higher Significantly higher 16% 42% 42% ROI of ABM How does ABM return on investment (ROI) compare to other marketing initiatives? % of Respondents (N=38) ITSMA Account Based Marketing Survey, October 2013 •  Focuses time and resources on accounts most likely to drive revenue (“zero waste”) •  Improves marketing- sales alignment •  Creates a better, more coordinated customer experience ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 9. 3 Step Model for Account- Based Marketing Account- Based Marketing Who WhatWhere
  • 10. ABM Planning Starts With The Account, Not the Offer Account-Centric Planning What do we want to say? (offers) Who should we say it to? (segments) Who are we trying to reach? (accounts) What should we say? (content) Where should we say it? (channels) Where should we say it? (channels) DEMANDGENABM ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 12. Pick Target Accounts •  Augment account info with firmographics, technographics, and engagement data •  Limit list turnover (e.g. 25% per quarter) •  Use predictive scoring where appropriate ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 13. Build Your Database With the Right Contacts for Each Persona at Target Accounts Identify Contacts Manual Purchase Predictive Representative companies; not exhaustive ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 15. With #ABM you need to knock on people’s doors. – @jonmiller
  • 16. Outbound Does Not Mean Interruption Account-based marketing applies best concepts from demand generation to outbound prospecting: •  Content driven •  Helpful and valuable •  Focused on the buyer, not the company •  Personalized and relevant •  Highly measurable •  Continuously improving •  Deep sales and marketing alignment Not Interruption Marketing ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 17. Great ABM Requires Great Customer Knowledge “A structured approach to developing and implementing highly-customized marketing campaigns to markets of one.” – ITSMA ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 18. •  Initiatives and buying centers •  Whitespace analysis •  Relationships and influencers (individual and organizational) •  Industry trends, organizational priorities, trigger events Account Research ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 19. Use Account Knowledge To Create Custom Account Offers Custom Content “Stories that the right people in your targeted companies would actually like to read and share.” – Freya News “75% of executives will read unsolicited marketing materials that contain ideas that might be relevant to their business.” – ITSMA ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 21. Today’s Tactics are Stuck in 1990s Cold Calls and Steak Dinners ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 22. Commonly Used ABM Tactics Events Outbound Digital •  Owned events •  Partner events •  Third-party events •  Email •  Phone •  Social •  Direct mail / dimensional mailer •  Insource / outsource •  IP-based ads •  Retargeting (persona- based) •  Social ads •  LinkedIn •  Web personalization Channels ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 23. Web Personalization ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 24. Orchestration: It’s not about any one tactic; it’s the MIX of touches that drives success.
  • 25. Example: Marketo Fortune Cookie Campaign •  Targeted high value but inactive contacts •  63% connect rate, 5% opportunity rate •  $13,000 investment •  $200,000+ revenue Integrated Tactics ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 27. Waterfall is Insufficient ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 28. Don’t count the people you reach; reach the people that count. – David Ogilvy
  • 29. Show How Marketing Is Influencing Accounts Visualize Impact Example: Marketo Revenue Cycle Analytics ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 30. Coverage Engagement Productivity Coverage •  # Contacts at Account •  # Executive Contacts •  # Accounts with Profiles Penetration •  Potential Contacts at Account •  Contact Whitespace •  % of Potential Contacts Account Touches •  Sales, Marketing, SDR, Account Mgmt, etc. Engagement (minutes + CXO “conversations”) •  Web Traffic (Visits and Time, Content) •  Attendance at Events •  Successful Meetings •  Etc. Aggregate Engagement (Change) for Account Qualitative •  Tactical deals vs. Strategic deals •  “Depth” of relationship Quantitative •  Pipeline from Targets (New and Cross-Sell) •  Accelerated Sales Cycle •  Larger Deal Size •  Retention •  Satisfaction / NPS ABM Metrics Measure outcomes with control-group testing or over time ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 31. •  Understands individuals and accounts, relationships •  Shows impact of account based marketing efforts: coverage, engagement, productivity •  Orchestrates intelligent account plans across channels (events, advertising, website, social, prospecting) •  Engages sales intelligently •  Creates relevant content automatically “ABM Stack” ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 32. •  Account-based marketing coordinates personalized marketing and sales efforts to land and expand specific accounts •  ABM = focus = zero waste, better results •  ABM delivers the highest ROI of any B2B marketing strategy or tactic •  Great ABM requires great account knowledge •  Create content that the right people in your target companies actually like to read and share •  There is no magic campaign; success comes from a mix of integrated tactics •  The “law of large numbers” breaks down in account-based marketing; measure ABM success via engagement and lift Tweetable Takeaways @jonmiller   ©2015 Engagio, Inc. #opticon2015 @jonmiller
  • 33. #opticon2015 Fishing With Spears All About #ABM Esben Rasmussen CEO, Engagio jon@engagio.com @jonmiller