Account-based marketing (ABM) can bring you higher returns. But how do you get started? Riaz Kanani, CEO Radiate B2B, takes us through the three ABM strategies you really need to know.
On November 5th, B2B Marketing will be hosting its third annual ABM conference. We’ve been to all three and it has grown into a huge event of over 500 marketers discussing the ins and outs of adopting account based marketing into your company. This year, I am talking about matching technology to your ABM maturity.
It’s not an easy time to be a b2b marketer. The sector is grappling with several challenges right now. Acquisition costs are rising across the industry. And everybody is trying the same tactics, which is ironic if you’re trying to stand out from the crowd.
The way most marketers are attempting to garner leads today is through content. But now the web is saturated with low quality writing on your specialist subject, which makes the buying process harder than ever for your potential clients to navigate. You want that customer experience to be as good as you can get it. And that’s where account based marketing (or ABM) comes in.
As B2B marketers, we’re rapidly waking up to the power of Account Based Marketing (ABM) alongside our Inbound Marketing efforts. Our collective ABM kindling developed in response – in part – to the waning effectiveness of Inbound marketing. The cause of which is content shock, a term coined by Marketing Strategist Mark Shaefer, suggesting there is simply too much content chasing thought leader status in every industry.
GDPR is the new EU-wide regulation rolling out on 25th May 2018 but so much of the content available online is vague and difficult to understand. You can only collect and use personal information if you have done so according to one of several different options. Some are not available to companies, one, consent is black and white and requires explicit consent whilst another, legitimate interests means deciding yourself whether you have a suitable reason to be able to collect or use personal information.
We have spent the last decade building out inbound marketing programs and are huge advocates of this marketing strategy. We have also spent longer building account based marketing campaigns.
What excites us is the potential to expand those account based marketing campaigns across larger and larger numbers of accounts, whilst still maintaining the stronger connection that happens when an account based marketing campaign targets a single account.
Riaz Kanani, co-founder here at Radiate B2B, was featured on the Internet Marketing Podcast discussing account based marketing.
He spoke about:
- what account based marketing is and why it such a hot topic?
- scaling account based marketing and using inbound as an accelerator;
- aligning sales and marketing;
- he ended with his top tip for the audience.
If the player does not work, click here to also listen to the podcast.
Recently my friends at La Fosse Associates (a specialist recruitment firm) invited me to their offices to talk a little about marketing automation and how understanding and use of data is driving the future of B2B marketing. They were kind enough to record and publish the interview – which you can view below.
Late last year, I wrote an article on Econsultancy looking at whether Inbound Marketing and Account Based Marketing were diverging marketing strategies. For most companies they are actually best of friends and we believe that it is even possible to repurpose the work you have done implementing Inbound Marketing to accelerate your Account Based Marketing programmes.
We have written a whitepaper detailing our experiences doing just that.
Organising for growth is an evergreen topic in business discussions. Scarcely a day goes by without some reference to how best to make growth possible, or to increase the pace of expansion with businesses we speak to.