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Bridging the Great Divide: Using Account Based Marketing to connect Sales and Marketing
Peter Isaacson CMO
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
2
The sales and marketing divide
MARKETING SALES
Leads
Personas
Quantity
Individuals
Opportunities
Buyers/Influencers
Quality
Accounts
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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The result…
MARKETING
“We delivered 1,238 MQLs this quarter.
+27% above goal!”
SALES
“Marketing isn’t supporting us”
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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Focusing on volume wastes time and money
4.4% Inquiries Convert
.03% Inquiries to closed/won
Source: Sirius Decisions
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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Leads aren’t valued…
of marketing generated leads are never followed up by sales.
50%
- Miller Pierce, 2014 VOC Study
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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The buying process happens before the lead is created
SALES CALL LEAD
SOCIAL MEDIA
WEBSITE VISIT
SEARCH
DETERMINE PROBLEM
WEBSITE VISIT
WEB RESEARCH FRIENDS
AND FAMILY
Typical B2B Buying Process
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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B2C and B2B are different
TARGET
DECISION MAKER
SALES
BUYING CYCLE
BUYING DECISION
QUALIFICATIONS
COST OF SALE
Target accounts
Buying Groups
Low transaction volume Typically high value
Long Months
Rational
Company attributes
High
Masses
Individual
High transaction volume Typically low value
Short Impulse - days
Emotional
Taste, Behavior, Lifestyle
Low
B2C B2B
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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B2B can’t use B2C tactics
Spray and Pray • Quantity ≠ quality • Wasted resources
Persona Marketing • Targeting based on behaviors • Right person, wrong company
Targeting Accounts • B2B buys & sells by account • Aligns marketing with sales/revenue ✔
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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Account-Based Marketing
Identify the companies most likely to buy, and then market to them
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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Account-Based Marketing
Identify the companies most likely to buy, and then market to them
1. SiriusDecisions’ “2015 State of Account-Based Marketing” 2. Demand Metric “Defining Digital Impact in the B2B Enterprise”
of companies said Account-Based Marketing is “extremely” or “very” important to their efforts. 1 92% of marketers employing ABM stated they are aligned with sales. 1 91%
of companies employing ABM plan to invest more in technology over the next 12 months. 1 61% of B2B companies are aware of ABM. 2 75%
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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Why Account-Based Marketing?
• Ensures attention is given to top prospects/customers
• Defines growth and timing based on account specifics
Focuses on best opportunities
• More efficient with a defined universe • Delivers on their target accounts
Supports sales reality
• Linked to greater customer satisfaction and retention
• Customers experience less noise, respond at higher rates to more relevant outreach
Delivers customer-centric
experience
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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The process
§ Identify stakeholders in marketing and sales § Establish target account list
§ Both marketing and sales stakeholders
§ Develop marketing and sales engagement plans around those accounts
§ Execute marketing programs § Measure § Refresh target list quarterly
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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Identifying key account attributes
Overall technology applications used
Complexity of website
Social Activity
Revenue
1
2
3
4
Multimedia Technologies Analytics
Marketing Automation
Web Hosting Platforms Live Chat
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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Segment by sales regions
Source: US Census Bureau
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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Territory and account planning
Overview +
Brainstorm +
Align
Marketing +
Sales +
SDR
WHO WHAT
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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The territory planning process
Marketing Planning
Demand Generation
Field Marketing
Database Campaigns
Sales Team Presentations
Review Programs
Brainstorm Additions
Align Account Focus
DB1500+
Final Plan Additional Territory Activities
Monthly Review
Perf Man Analysis
Program Execution
Recommended Edits
-4 weeks
End of 1st and 2nd Months
-2 weeks
Quarter Start
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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Target Geo: Midwest
Total Accounts in Territory: 270 • # Touched by Q3 Programs: 135 • Average # of Contacts per account: 6 • Average # of Touches per Contact: 7.5
Q3 Activities: • Advertising campaign • B2B retargeting • Field Marketing Event: Aug 7
• # of pipeline opportunities: 4 • Won Deals: 1
• Content Marketing World (Cleveland): September 8 • Prospect Luncheon (Cleveland): September 10
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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Measure by territory
Programs executing this quarter: • Advertising campaign
• B2B Retargeting • Chicago Field Program • Cleveland Appt Setting Campaign • Content Marketing World
August
July
Performance Assessment: • Saw 5 more target accounts engaged this
month. • 6 key accounts engaged in in-person activities. • General upswing in engagement, but not as
much as planned. • Q4 programs increased to address this.
$190,350
$375,500
15
27
©2015 Copyright Demandbase, Inc. Demandbase Confidential.
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DB3k vs Non DB3k Accounts
Sales Team Close Rate ACV Funnel Velocity
Enterprise +285% +35% +2%
Mid Market +166% +40% -20%
Advertising +57% +31% +65%