abm fundamentals

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ABM FUNDAMENTALS HIGH PERFORMANCE ABM Peter Isaacson CMO | Demandbase Alex Krawchick Practice Lead, Analytics & Marketing Sciences | Inverta

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Page 1: ABM Fundamentals

ABM FUNDAMENTALSHIGH PERFORMANCE ABM

Peter Isaacson CMO | Demandbase

Alex KrawchickPractice Lead, Analytics & Marketing Sciences | Inverta

Page 2: ABM Fundamentals

FRI Metrics, Measurements and KPIs

Keys to Sales & Marketing Alignment SuccessTUESWEDTHURS

Building Your Target Account List

ABM Across the Funnel

MON ABM Fundamentals

@Demandbase #ABMwebseries

HIGH PERFORMANCE ABM WEBINAR SERIESEVERYDAY 10 AM PT

Page 3: ABM Fundamentals

© 2016 Copyright Demandbase

PETER ISAACSONChief Marketing OfficerDemandbase

ALEX KRAWCHICKPractice Lead, Analytics and Marketing SciencesInverta

TODAY’S PRESENTERS

Page 4: ABM Fundamentals

• Why ABM? What does ABM solve for?

• Laying the groundwork of an ABM strategy

• Leveraging ABM across the organization

• Putting ABM it into action

• Q&A

AGENDA

Page 5: ABM Fundamentals

WHY ACCOUNT-BASED MARKETING?

Page 6: ABM Fundamentals

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What’s Broken in B2B?

Sales & Marketing Alignment

Metrics/AttributionThe Waterfall BANT

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Page 7: ABM Fundamentals

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Leads aren’t valued…

- Miller Pierce, 2014 VOC Study

50% of marketing generated leads are

never followed up by sales.

Page 8: ABM Fundamentals

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Focuses on best opportunities

Delivers customer-centric experience

Supports Sales reality

Connects Marketing to revenue

Why Account-Based Marketing?

Page 9: ABM Fundamentals

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Identify ABM as “Very Important” to

their marketing efforts

Source: Sirius Decisions 2016 ABM Survey

87%

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Page 10: ABM Fundamentals

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Tiers of B2B Marketing

Strategic Accounts5-50 accounts

Target Account List50-5,000 accounts

Total Addressable Market10,000+ accounts

ABM

ABM at Scale

Traditional Demand Gen

Technology

Page 11: ABM Fundamentals

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Attract Engage Convert Measure

Traditional B2B Marketing

Page 12: ABM Fundamentals

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Account-Based Marketing

Attract Engage Convert Measure

Page 13: ABM Fundamentals

LAYING THE GROUNDWORK FOR ASUCCESSFUL ABM STRATEGY

Page 14: ABM Fundamentals

© 2016 Copyright Demandbase

Keys to SuccessIdentify your stakeholders - ABM Leadership Team

Establish Target Account List, business objectives, metrics and shared MBOs

Communicate regularly – within Leadership and out to sales and marketing teams

Review, Iterate, Expand – Scale efforts as the organization dictates

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Page 15: ABM Fundamentals

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Marketing OperationsSales

Senior Leaders in…

Build Your ABM Leadership Team

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Page 16: ABM Fundamentals

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Target Account ListIt’s a collaborative process

Build an initial list

Secure agreement from ABM Leadership Team

Verify and iterate with field sales

Update at regular intervals

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Page 17: ABM Fundamentals

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Approaches to Target Account List Building

How You Build the

List TARGET MOST SUCCESSFUL SEGMENT(S)

USE AN ACCOUNT IDENTIFICATION TOOL

ITERATIVE/COMBINATION

List Focus:

By Geo

By Product Target

Type

By Industry

By Company Size

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Page 18: ABM Fundamentals

© 2016 Copyright Demandbase

Segment your target account list

Segments you select must have discrete business objectives that marketing can build programs to support

Page 19: ABM Fundamentals

© 2016 Copyright Demandbase

How will this Impact the Organization?

SalesPrioritize outreach/follow

up on Target Accounts

Follow up on signals, with key contacts

Rework focus: Inbound vs outbound; sales territories

Collaborate with marketing on programs

MarketingEvaluate programs on the Target Account List

Hand over intelligence, not just leads

Re-focus budget

Connect impact to Revenue – KPIs/MBOs

OperationsEvaluate and implement new

technologies

Alter the use of current technologies

Build models and reporting to focus on target accounts and

key business objectives

Page 20: ABM Fundamentals

GETTING STARTED

Page 21: ABM Fundamentals

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ABM Across the Funnel

MeasureSales & Marketing OperationsAttractDemand GenEngageContent & Product MarketingConvertContent & Product MarketingMeasureSales & Marketing Operations

Page 22: ABM Fundamentals

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Measure

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Select focus areas

Identify what’s working

Set a baseline

Page 23: ABM Fundamentals

Impressions/CPMs

Click-through Rates

Web Traffic

Unique Visitors

Net New Names

Inquiries

MQLs

Conversion Rates

CAMPAIGN PERFORMANCE

From Target Accounts

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Page 24: ABM Fundamentals

REVENUE PERFORMANCE

Lift

Target Account Activity

Opportunities

Pipeline

Closed Revenue

Available to Close

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Page 25: ABM Fundamentals

REVENUE PERFORMANCE

BUSINESS OUTCOMES

Close Rates

ACV

Funnel Velocity

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Page 26: ABM Fundamentals

CASE STUDY: DEMANDBASE

Page 27: ABM Fundamentals

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Leading Indicators/Campaign Metrics MQLs SALs % of DB3K reached

Revenue Objectives Pipeline by segment Pipeline available to close

Business Objectives Average deal size Velocity Close rate

Agreed Upon Metrics for Success

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Demandbase Funnel Metrics

91%

47%

32%

97%

60%

39%

7%

25%

24%

MQL SAL PIPELINE CLOSE

Page 29: ABM Fundamentals

© 2016 Copyright Demandbase

Demandbase Business Metrics

Sales Team Close Rate ACV Funnel Velocity

Enterprise +217% +69% +35%

Mid Market +136% +23% +24%

Advertising +47% +12% +6%

Page 30: ABM Fundamentals

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Effect on the Business

• Increased from DB1500 DB3K

• 75% of our Won business comes from the DB3K

• Marketing focused on further segmentation of the list

TerritoryTop 5

AE TOP 20

DB3K

Customers

Page 31: ABM Fundamentals

Q&A

Page 32: ABM Fundamentals

THANK YOU

#ABMwebseries@Demandbase