- February 28, 2023
- Posted by: Gopal Krishna
- Categories:
I believe, ABM as a term is misleading. I prefer to call Account Based Strategy (ABS) bringing marketing & sales teams together to execute ABS.
Irrespective of what you prefer to call, I believe, following “7 best practices” are absolutely essential :-
âś… 1. ABM/ABS has to be sponsored by C-Suite leadership.
✅ 2. Marketing & Sales teams’ collaboration is critical.
✅ 3. Marketing & Sales team have be “account – aligned.”
✅ 4. Leverage Data (internal and external) to find target accounts that are “look alike” to your existing customers.
✅ 5. Involve Sales team in everything – territory planning, accounts selection, tools, campaign messaging, content, buyer personas.
✅ 6. Segment your target accounts – One to One, One to Few, One to Many.
âś… 7. Concentrate your resources on those accounts very likely to buy than those who are less likely to buy.
There are numerous examples of top organizations implementing and benefiting from ABM/ABS programs for “In-bound” demand generation. Snowflake is a very good example.
#accountbasedmarketing
#salesperformance
#marketingb2b
#salesenablement
#salesandmarketingalignment