Terms

Account-Based Marketing

What is Account-Based Marketing?

Account-Based Marketing (ABM) is a business marketing strategy that concentrates resources on a set of target accounts within a market, employing personalized campaigns designed to engage each account based on their specific attributes and needs. The purpose of ABM is to focus marketing efforts on high-value accounts, creating personalized buying experiences for better customer acquisition, relationship-building, and business growth.

Implementing ABM Strategies

To implement ABM effectively:

  1. Identify and Select Target Accounts: Use data and insights to identify and select accounts that offer the highest potential value.
  2. Develop Account Insights: Research deeper into each chosen account to understand its business needs, challenges, and organizational structure.
  3. Create Personalized Campaigns: Develop tailored marketing campaigns that address the specific needs and pain points of each account.
  4. Align Sales and Marketing: Ensure that marketing and sales teams collaborate closely to deliver a consistent and seamless customer experience.
  5. Measure and Optimize: Continuously measure the effectiveness of your ABM strategies and optimize them based on feedback and performance data.

Benefits of Account-Based Marketing

ABM offers several advantages:

  • Enhanced Customer Experience: Tailored interactions lead to a better customer experience and increased satisfaction.
  • Improved ROI: By focusing resources on high-value accounts, ABM can yield a higher return on investment compared to traditional marketing methods.
  • Increased Sales Efficiency: Personalized marketing efforts can shorten the sales cycle, making the sales process more efficient.
  • Better Resource Allocation: Targeting specific accounts prevents wastage of resources on less likely prospects.

Account-Based Marketing vs. Traditional Marketing

ABM focuses on personalized marketing strategies tailored to specific accounts, while traditional marketing often targets broader audiences with a one-size-fits-all approach. This personalization leads to better customer experiences and higher conversion rates. ABM also requires close collaboration between sales and marketing teams, ensuring alignment and consistency in targeting high-value accounts.

In contrast, traditional marketing may have sales and marketing functions operating more independently, leading to inefficiencies and missed opportunities.

Measuring ABM Success

Measuring the success of Account-Based Marketing (ABM) is crucial for understanding its effectiveness and making necessary adjustments. To accurately measure ABM success, consider tracking the following metrics:

  • Sales velocity (sales cycle length)
  • Influenced pipeline
  • Target account coverage
  • Account expansion
  • Customer acquisition cost
  • Customer lifetime value

Other terms

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Account Match Rate

Learn about account match rate, including improving your account match rate, key factors influencing account match rate, & account match rate vs. data quality.

Account Match Rate

Annual Recurring Revenue (ARR)

Learn about ARR, including understanding ARR and MRR, the differences between them, how they relate to growth and calculation methods.

Annual Recurring Revenue (ARR)

Dynamic Pricing

Learn about dynamic pricing, including how dynamic pricing works, benefits of dynamic pricing, & common strategies for dynamic pricing.

Dynamic Pricing

Lead Scoring Models

Learn about lead scoring models, including the fundamentals of building lead scoring models, & key components of effective lead scoring.

Lead Scoring Models

Buyer Journey

Learn about buyer journey, including stages of the buyer journey, key factors influencing the buyer journey, & buyer journey vs. sales funnel.

Buyer Journey

Salesforce Administrator

Learn about salesforce administrator, including the role of a salesforce administrator, & key responsibilities of salesforce administrators.

Salesforce Administrator

Soft Sell

Learn about soft sell, including keys to mastering soft sell techniques, benefits of choosing soft sell over hard sell, & implementing soft sell in your sales strategy.

Soft Sell

B2B Demand Generation Strategy

Learn about B2B demand generation strategy, including key elements of demand generation, & crafting your demand generation plan.

B2B Demand Generation Strategy

Sales Operations Key Performance Indicators

Learn about sales operations KPIs, including identifying sales operations KPIs, effective sales KPI strategies, & sales operations KPIs SaaS KPIs.

Sales Operations Key Performance Indicators

B2B Data Enrichment

Learn about B2B data enrichment, including benefits of B2B data enrichment, implementing B2B data enrichment strategies, B2B data enrichment vs. data cleaning.

B2B Data Enrichment

Compounded Annual Growth Rate

Learn about compounded annual growth rate, including calculating CAGR: a step-by-step guide, & CAGR vs. simple growth rate: understanding the difference.

Compounded Annual Growth Rate

CI/CD

Learn about CI/CD, including understanding CI/CD benefits , implementing CI/CD best practices , CI/CD vs. traditional deployment , and core components of.

CI/CD

Digital Sales Room

Learn about digital sales room, including benefits of a digital sales room, key features of digital sales rooms, & building an effective digital sales room.

Digital Sales Room

Cross-Selling

Learn about cross-selling, including benefits of effective cross-selling, strategies for successful cross-selling, cross-selling vs. upselling: understanding the differences.

Cross-Selling

Performance Plan

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Performance Plan

Click-Through Rate

Learn about click-through rate, including maximizing click-through rates: strategies and tips, & measuring click-through rate effectiveness.

Click-Through Rate

Hard Sell

Learn about hard sell, including strategies for effective hard selling, key elements of a successful hard sell, & understanding the impact of hard selling.

Hard Sell

Demographic Segmentation in Marketing

Learn about demographic segmentation in marketing, including understanding demographic variables, & implementing demographic segmentation.

Demographic Segmentation in Marketing

Supply Chain Management

Learn about supply chain management, including effective strategies for supply chain management, & components of an efficient supply chain.

Supply Chain Management

Video Prospecting

Learn about video prospecting, including benefits of video prospecting, crafting compelling video messages, & comparing video prospecting and email outreach.

Video Prospecting

Copyright Compliance

Learn about copyright compliance, including how to ensure copyright compliance , & key benefits of copyright compliance .

Copyright Compliance

Drip Campaign

Learn about drip campaign, including crafting an effective drip campaign, examples of successful drip campaigns, drip campaign vs. bulk emailing: understanding the differences.

Drip Campaign

MEDDICC

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MEDDICC

Feature Flags

Learn about feature flags, including benefits of feature flags, how to implement feature flags, & best practices for using feature flags.

Feature Flags

Brand Awareness

Learn about brand awareness, including understanding its importance, building an effective strategy, key metrics to track, & examples in the real world.

Brand Awareness

Load Testing

Learn about load testing, including benefits of load testing, how to conduct load testing, common load testing tools, & best practices for load testing.

Load Testing

Positioning Statement

Learn about positioning statement, including crafting your positioning statement, & key elements of a strong positioning.

Positioning Statement

Buyer’s Remorse

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Buyer’s Remorse

CRM Data

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CRM Data

B2B Marketing Analytics

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B2B Marketing Analytics

Account-Based Selling

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Account-Based Selling

Stress Testing

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Stress Testing

Lightning Components

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Lightning Components

Software as a Service

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Software as a Service

Serviceable Obtainable Market

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Serviceable Obtainable Market

No Spam

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No Spam

Drupal

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Drupal

Sales Engagement

Learn about sales engagement, including strategies for effective sales engagement, key principles of sales engagement, & sales engagement vs. sales enablement.

Sales Engagement

Account-Based Marketing Benchmarks

Learn about account-based marketing benchmarks, including setting account-based marketing goals, & key metrics for ABM success.

Account-Based Marketing Benchmarks

Cold Calling

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Cold Calling

PPC

Learn about PPC, including understanding PPC metrics, benefits of PPC advertising, common PPC mistakes, & optimizing your PPC strategy.

PPC

Subject Matter Expert

Learn about subject matter expert, including roles and responsibilities of a subject matter expert, & importance of a subject matter expert in business.

Subject Matter Expert

Trade Shows

Learn about trade shows, including maximizing your trade show impact, & trade show vs. virtual expos: understanding the difference.

Trade Shows

OAuth

Learn about OAuth, including understanding OAuth workflows, benefits of using OAuth, & comparing OAuth with other authentication methods.

OAuth

Sender Policy Framework

Learn about sender policy framework, including understanding SPF records, implementing SPF for email security, SPF vs. DKIM and DMARC, & benefits of using SPF.

Sender Policy Framework

GDPR Compliance

Learn about GDPR compliance, including understanding GDPR requirements, steps to achieve compliance, & common pitfalls and solutions.

GDPR Compliance

Scalability

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Scalability

Direct Sales

Learn about direct sales, including benefits of direct sales, strategies for successful direct sales, & direct sales vs. indirect sales.

Direct Sales

Sales Conversion Rate

Learn about sales conversion rate, including maximizing your sales conversion rate, & factors influencing conversion rates.

Sales Conversion Rate

ABM Orchestration

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ABM Orchestration

Account Development Representative

Learn about account development representative, including key responsibilities of an account development representative.

Account Development Representative

WordPress

Learn about WordPress, including understanding WordPress features, benefits of using WordPress, comparing WordPress and other CMS, and essential WordPress plugins.

WordPress

System of Record

Learn about system of record, including key components of system of record, choosing the right system of record, & system of record vs. system of engagement.

System of Record

B2B Data

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B2B Data

Responsive Design

Learn about responsive design, including how responsive design works, benefits of responsive design, & common mistakes in responsive design.

Responsive Design

Stakeholder

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Stakeholder

Sales Kickoff

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Sales Kickoff

Data-Driven Marketing

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Data-Driven Marketing

Sales Demo

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Sales Demo

Bad Leads

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Bad Leads

Business to customer

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Business to customer

Sales Operations Analytics

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Sales Operations Analytics

Touchpoints

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Touchpoints

Brag Book

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Brag Book

Kanban

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Kanban

Channel Partner

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Channel Partner

Overcoming Objections

Learn about overcoming objections, including the art of handling rejections, & strategies for effective objection management.

Overcoming Objections

Demand Generation

Learn about demand generation, including strategies for effective demand generation, & key components of demand generation.

Demand Generation

Call Analytics

Learn about call analytics, including how call analytics works, benefits of call analytics, & integrating call analytics.

Call Analytics

Horizontal Market

Learn about horizontal market, including identifying opportunities in horizontal markets, & key strategies for market penetration.

Horizontal Market

Net Promoter Score

Learn about net promoter score, including calculating your net promoter score, improving your net promoter score, & net promoter score: pros and cons.

Net Promoter Score

Employee Engagement

Learn about employee engagement, including the importance of employee engagement, strategies for boosting engagement, employee engagement vs. employee satisfaction.

Employee Engagement

Mobile Optimization

Learn about mobile optimization, including understanding its importance, best practices, common mistakes, & future trends.

Mobile Optimization

Proof of Concept

Learn about proof of concept, including steps to execute a proof of concept, & benefits of conducting a proof of concept.

Proof of Concept

Content Delivery Network

Learn about content delivery network, including how CDN works, benefits of using CDN, CDN vs traditional hosting, & CDN implementation tips.

Content Delivery Network

Conversion Path

Learn about conversion path, including designing an effective conversion path, & components of a successful conversion path.

Conversion Path

Field Sales Rep

Learn about field sales rep, including key responsibilities of a field sales rep, & qualities of a successful field sales rep.

Field Sales Rep

Sales and Marketing Alignment

Learn about sales and marketing alignment, including benefits of aligning sales and marketing, & steps to achieve sales and marketing harmony.

Sales and Marketing Alignment

Sales Pipeline

Learn about sales pipeline, including building a robust sales pipeline, key stages of a sales pipeline, sales pipeline vs. sales funnel.

Sales Pipeline

Serviceable Available Market

Learn about serviceable available market, including calculating your serviceable available market, & key factors influencing serviceable available market.

Serviceable Available Market

BANT Framework

Learn about BANT framework, including implementing BANT in sales strategy, advantages of the BANT methodology, & BANT vs. other qualification models.

BANT Framework

Sales Key Performance Indicators

Learn about sales key performance indicators, including identifying crucial sales KPIs, & establishing effective sales KPI goals.

Sales Key Performance Indicators

Marketing Play

Learn about marketing play, including crafting effective marketing plays, examples of successful marketing plays, & marketing plays vs. sales strategies.

Marketing Play

Segmentation Analysis

Learn about segmentation analysis, including understanding the benefits, steps to conduct segmentation analysis, & types of segmentation methods.

Segmentation Analysis

Brand Loyalty

Learn about brand loyalty, including how to build brand loyalty, benefits of brand loyalty, measuring brand loyalty, & strategies for increasing loyalty.

Brand Loyalty

Sales Partnerships

Learn about sales partnerships, including building effective sales partnerships, types of sales partnership models, benefits of cultivating sales partnership.

Sales Partnerships

Applicant Tracking System

Learn about applicant tracking system, including benefits of using an ATS, key features of effective ATS, & ATS vs. traditional recruitment methods.

Applicant Tracking System

Affiliate Networks

Learn about affiliate networks, including introduction to affiliate networks, how affiliate networks work, & benefits of affiliate networks.

Affiliate Networks

Weighted Sales Pipeline

Learn about weighted sales pipeline, including calculating your pipeline's weight, & key metrics in weighted sales pipelines.

Weighted Sales Pipeline

Kubernetes

Learn about Kubernetes, including importance of Kubernetes, core features of Kubernetes, setting up Kubernetes, & benefits of using Kubernetes.

Kubernetes

Sentiment Analysis

Learn about sentiment analysis, including how sentiment analysis works, benefits of sentiment analysis, common uses in sales, & implementing sentiment analysis.

Sentiment Analysis

SAM

Learn about SAM, including serviceable available market explained, SAM and market segmentation, & importance of SAM in business planning.

SAM

Marketing Qualified Account

Learn about marketing qualified account, including identifying marketing qualified accounts, key criteria for MQL accounts, & nurturing strategies for MQLs.

Marketing Qualified Account

Cohort Analysis

Learn about cohort analysis, including understanding cohort segmentation, steps to conduct cohort analysis, & cohort analysis vs. traditional analysis.

Cohort Analysis

Loss Aversion

Learn about loss aversion, including understanding loss aversion in sales, mitigating loss aversion effects, & loss aversion vs. risk seeking.

Loss Aversion

Subscription Models

Learn about subscription models, including how subscription models work, advantages of subscription models, & implementing subscription pricing.

Subscription Models

Consultative Selling

Learn about consultative selling, including key principles of consultative selling, & implementing consultative selling strategies.

Consultative Selling

Guided Selling

Learn about guided selling, including benefits of guided selling, steps to implement guided selling, & guided selling vs. traditional sales.

Guided Selling

Channel Marketing

Learn about channel marketing, including types of channel marketing strategies, key benefits of channel marketing, building a successful channel marketing p.

Channel Marketing

Sales Plan Template

Learn about sales plan template, including crafting an effective sales plan, key components of a sales plan, sales plan vs. marketing strategy.

Sales Plan Template
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