Today, traditional mass marketing techniques are no longer sufficient to properly reach and engage high-value prospects in today's dynamic business environment. Companies need to take a more specialized and tailored approach if they want to stay ahead of the competition and increase ROI. Enter Account-Based Marketing (ABM), a potent and revolutionary tactic that enables companies to concentrate their efforts on high-potential accounts and provide customized experiences that resonate with decision-makers.
Adopting Account-Based Marketing
More and more marketers are switching to account-based marketing techniques to improve conversion rates and increase revenue in response to the current economic scenario. In fact, according to a Usergem report, ABM was employed by 70% of marketers in 2021, up from 55% in 2020. The trend is revealing the ever-growing importance of ABM and is something any business should look into.
Optimize Your Marketing Approach to Target High-Value Accounts.
Making the switch to ABM entails more than just tailoring your messaging and content to the specific requirements and difficulties of your target audience. To enhance engagement with high-priority accounts, you must strategically realign your marketing strategy.
This can be accomplished by incorporating a multichannel strategy into your ABM plan. This means employing different tactics to create different touch points with your target audience, such as account-based content marketing, targeted advertising, customized landing pages, and personalized email campaigns. When carrying out such tactics, don't forget to always go for a personalized approach.
Changing a marketing strategy ultimately enables you to efficiently contact target accounts through a variety of channels, provide a tailored experience, and more closely match future sales objectives.
Align Marketing and Sales teams
ABM strategies must be well coordinated with sales objectives to be effective. To do this, promote cooperation to create a common knowledge of the client journey. It is important to align the marketing efforts with the sales goals.
Both teams can identify key touchpoints where marketing can assist sales after they have defined the customer journey. The two teams can then coordinate on promotional messaging that appeals to target accounts. This will facilitate a uniform experience across the different marketing channels.
Employ Sales Enablement Tools
Although it can be difficult, using sales enablement technologies like lead management systems or predictive analytics software can help you achieve high levels of personalization and customization at scale.
Employing sales enablement tools will not only improve the decisions and strategies that will be taken, thanks to predictive analytics but would also add to streamlining marketing and sales efforts.
Using data analysis and pattern recognition tools, sales teams can quickly identify accounts with the potential to generate income. Because of this, time would otherwise be wasted on low-intent leads that are unlikely to convert, saving time and effort from both your sales and marketing teams.
To Conclude, account-based marketing initiatives must involve collaboration between the marketing and sales teams to have a shared understanding of the requirements and problems of their intended clients. Both teams may move target accounts down the sales funnel and increase sales by creating a coherent strategy to nurture them.
Account Based Marketing is now becoming the trend. In fact, according to Webfx, 97% of marketers identify ABM delivers higher ROI than other marketing strategies. Such numbers would tell us that as we continue with our business ventures, we also need to take advantage of new marketing strategies that arise. If you would like to know more, we invite you to contact us here at XYNC as we specialize in digital lead generation, especially with ABM.
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