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.
With account based advertising increasing its own reach into the UK and European markets, what is it? Why is adoption increasing?
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.
Which channels do you naturally think about when you’re crafting your Account Based Marketing strategy? Do you focus only on channels that can deliver personal messages on a one-to-one basis? Or do you broaden your palette to include the fast-growing opportunities of Account Based Advertising (ABA)?
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.
In the week before the second meetup of the London FlipMyFunnel circle, Sheryl Sandberg (Facebook’s COO) took the stage at the DMEXCO conference in Cologne, to tell the gathered AdTech industry audience:
“The marketing funnel itself is collapsing. It used to take time to go from research to discovery to awareness all the way to a purchase. But now you have digital and mobile that is happening faster than ever, and that is for the largest brands to the small corner shop to non-profits… The way you work on your brand and the way you communicate who you are has never been more important.”
This comment (which, unsurprisingly, suggests Facebook to be the answer to the problem) was very timely for September’s meetup. The theme for September was around reach and personal brand, so this news story – and the excellent article Mark Ritson contributed to Marketing Week (Spreadsheet Jockeys are misunderstanding the marketing funnel) – were perfectly timed to spark an interesting discussion.