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Hey ,
Did you know that one of the surefire ways of generating revenue from your ABM (Account-Based Marketing) campaigns is through the research cascade method?
In todayโs newsletter, Iโll show you why and how.
Letโs start first with the common mistakes most B2B marketers make with ABM.
ABM mistakes B2B marketers make
ABM is all about providing tailored solutions to companies with a specific need or challenge that your product can solve. In other words, it's highly personalized marketing for (individual) accounts.
Yet, many ABM agencies and B2B marketers set up their campaigns including thousands of target accounts from different verticals. And to top it all off, they use the exact same messaging and content.
As a result, their campaigns flop.
Moral lesson: never introduce an ABM motion without market segmentation and without creating an ICP for each segment. Speaking of ICP, you must make sure it includes the buying committee structure for each account tier.
Start with a list of engaged accounts that fit your ICP and passed through qualification criteria.
Next, leverage the research cascade method.
Hereโs how.
1. ๐๐๐๐จ๐ฎ๐ง๐ญ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก
Gim Gilkey put it well when he said: โwith only 5% of your TAM in market this quarter, it is too risky to reach out without doing your research first.โ
The underlying message is crystal clear: do your homework.
"๐๐ก๐จ๐ฐ ๐ฆ๐ ๐ญ๐ก๐๐ญ ๐ฒ๐จ๐ฎ ๐ค๐ง๐จ๐ฐ ๐ฆ๐" is that necessary level of personalization to cuts through the noise in this world of feature-first, spray-and-pray marketing.
When you opt for ABM, you should never adopt a throw-everything-at-the-wall-and-see-what-sticks sort of approach. While itโs worthwhile to have some information templated, you should also leave room for high personalization to really start building relationships from the very first interaction.
How do you do that? Collect and analyze all publicly available information about target accounts' key initiatives and strategies.
Here are the main sources:
press releases
interviews with chief executives
roadmaps
corporate reports
earning calls
2. ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐จ๐ฆ๐ฆ๐ข๐ญ๐ญ๐๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก
Do your due diligence by researching the buying committee and collecting insights about how they might be involved in key initiatives.
Here is a couple of things you need to pay attention to:
What's their role and area of responsibility in the stated key initiative or strategy?
What KPIs or OKRs have they defined?
What challenges are they facing?
What are their goals?
3. ๐๐๐ฅ๐ฎ๐ ๐ฉ๐ซ๐จ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐ฆ๐๐ฉ๐ฉ๐ข๐ง๐
Start mapping your value proposition with the identified KPIs, goals, and challenges of every buying committee member.
Fullfunnel.io example from selling ABM sprints:
Marketing: get a proven process to collaborate with sales and increase marketing-sourced revenue;
Sales: hit revenue targets faster by winning deals with enterprise accounts.
4. ๐๐๐ซ๐ฌ๐จ๐ง๐๐ฅ๐ข๐ณ๐๐ ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ
Write down short (I recommend a one-page doc) personalized solutions for every buying committee member.
This can include:
The context;
An explanation of how your product helps them achieve their goals or solve the challenges theyโre facing;
Relevant social proof
5. ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐จ๐ ๐ฉ๐๐ซ๐ฌ๐จ๐ง๐๐ฅ๐ข๐ณ๐๐ ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ (๐ฐ๐๐ซ๐ฆ-๐ฎ๐ฉ ๐๐ง๐ ๐๐๐ญ๐ข๐ฏ๐๐ญ๐ข๐จ๐ง)
You can create a multichannel warm-up and activation program with the sales team.
You might want to include:
Social engagement and selling
Personalized ads
Content hubs
Content collaboration
Direct mail swags
Micro-events
Keep this in mind, dear . ABM is not about volume. Instead, you should identify the right accounts that need your product and market to them personally.
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How to use intent data to identify engaged accounts for ABM
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Join Andrei and Stapho Thienpont, our senior B2B marketing consultant, sharing:
โSources of intent data to leverage for account list building
โEngagement threshold to identify engaged accounts
โQualifying accounts before transferring them to the ABM team
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