๐ต๐ปโโ๏ธ ABM ON LINKEDIN
May 18, 2022 3:18 pm
Hey ,
Itโs an open secret that most B2B companies struggle to get good results from their LinkedIn ABM strategy.
Generally, here's what they think LinkedIn lead gen looks like:
- Send 500-1000 spammy inmails - get 1-5 meetings booked.
- Display ads routing to a landing page - get 1 demo request.
And of course, this can be frustrating.
So, in todayโs newsletter, we took it upon ourselves to share with you some proven tactics that can help you improve your LinkedIn ABM results.
Before we dive into it, here is a listing from our job board that might interest you or someone around you.
TRENCHES JOB BOARD
COMPLIANCEPOINT IS HIRING A CONTENT MARKETING MANAGER
Job responsibilities:
- Facilitate ongoing content planning and manage day-to-day content creation;
- Coordinate with subject matter experts, freelance writers, graphic designers, and internal team members to create, edit, and review all content to ensure consistent messaging and branding;
- Build and execute an effective editorial calendar by staying up to date with customer challenges and the latest industry news and trends
Learn more about the job and apply here.
Now, let's get to the meat of the matter.
How do most B2B companies do ABM on LinkedIn?
Generally, they create a huge list of accounts purely and solely based on firmographic data (descriptive attributes that are used to segment target accounts: the niche, the size, the structure and status, the number of customers, the geographic location, and the likes.)
Then they start warming up these accounts with gated content (ebooks, whitepapers, templates, webinars, checklists, etc.) with the aim of getting additional information that will be passed to the sales team.
But letโs face it. More often than not, these contacts have no buying intent.
If somebody downloads an ebook or signs up for a webinar about a given topic, the only thing it says is that theyโre interested in learning more about that specific topic. Not that they are ready to buy.
So, your #1 goal should be to make sure that you deliver your promises.
Put in another way, you should make sure your content is worth it. It should be as insightful as you said it is. It should serve the purpose of educating the person who downloaded it. Because at the end of the day, giving away value-packed content is one of the surefire ways to showcase your expertise and create demand.
How to do ABM on LinkedIn instead?
The strategy we use to generate tremendous results on LinkedIn is the 20/80 framework.
Experimentation works, GRANTED. But if you are in a โLess traffic, More qualified prospectsโ type of scheme, then you should consider spending 80% of your time on 20% of activities that generate 80% of results.
Here are those:
1. ๐๐ก๐จ๐ฎ๐ ๐ก๐ญ ๐ฅ๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ: share content that demonstrates you have expertise in a given domain, field, or topic.
Why:
- Generating demand for your product.
- Proving niche expertise.
- Position yourself as a trusted advisor.
- Nurturing target accounts.
2. ๐๐ก๐จ๐ฎ๐ ๐ก๐ญ๐๐ฎ๐ฅ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐ข๐ง๐ on other niche experts posts
Why:
- Create awareness & attract attention.
- Show your expertise.
- Repurpose comments into posts.
3. ๐๐๐ฌ ๐ฉ๐ซ๐จ๐ฆ๐จ๐ญ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐๐ฌ๐ญ ๐๐จ๐ง๐ญ๐๐ง๐ญ.
Why: Seep p.1
4. ๐๐ง๐ ๐๐ ๐ข๐ง๐ ๐ฐ๐ข๐ญ๐ก ๐ ๐ง๐๐ญ๐ฐ๐จ๐ซ๐ค ๐จ๐ ๐ญ๐๐ซ๐ ๐๐ญ ๐๐๐๐จ๐ฎ๐ง๐ญ๐ฌ (๐๐ข๐ง๐ค๐๐๐๐ง ๐๐๐จ๐ฌ๐ฒ๐ฌ๐ญ๐๐ฆ).
Why:
- Regular appear in the newsfeed of the target accounts.
- Build a strong brand & a real relationship with the target audience.
- Generate and capture the demand.
- Educate & nurture the target market
5. ๐๐๐ซ๐ฌ๐จ๐ง๐๐ฅ๐ข๐ณ๐๐ ๐๐จ๐ง๐ง๐๐๐ญ๐ข๐จ๐ง ๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ๐ฌ.
Why:
- A higher acceptance rate
- Opportunity to build a real relationship
6. ๐๐จ๐ง-๐ฌ๐๐ฅ๐๐ฌ ๐ญ๐จ๐ฎ๐๐ก๐๐ฌ.
Why:
- Stay top of their mind & nurture the audience.
- Capture demand.
7. ๐๐๐ฌ ๐ฉ๐ซ๐จ๐ฆ๐จ๐ญ๐ข๐ง๐ ๐๐๐ฌ๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ/๐๐๐ ๐ ๐๐จ๐ง๐ญ๐๐ง๐ญ ๐๐จ๐ซ ๐๐ง๐ ๐๐ ๐๐ ๐๐๐๐จ๐ฎ๐ง๐ญ๐ฌ.
Why:
- Generate demand.
- Generate inbound opportunities.
8. ๐๐ง๐ ๐๐ ๐๐ฆ๐๐ง๐ญ-๐๐๐ฌ๐๐ ๐จ๐ฎ๐ญ๐ซ๐๐๐๐ก.
Why:
- Higher response rate.
- Opportunity to get customer insights and see if there is a fit.
- Build a relationship.
- Capture the demand and generate a sales opportunity.
RECAP
We leveraged the 80/20 framework to grow Fullfunnel.io, and so can you
Here is how.
1. Define 20% of market segments that generate 80% of revenue and adapt your marketing to these segments.
This includes:
- leveraging the channels where the buyers from these segments hang out and run research
- tailoring your marketing message & content to resonate with the needs and goals of these segments
2. Not all customers were created equal.
Spend 80% of your time serving your best and learning from 20% of customers who generate 3x-4x more than your ACV.
Leverage the insights from customer interviews to refine your marketing and sales.
3. Not all prospects are created equal.
Spend 80% of the time marketing to a few Tier 1 accounts with highly-personalized campaigns (ABM) that can drastically increase your revenue while focusing on demand gen to nurture 80% of your market and create awareness and demand.
4. Spend 80% of your time on 20% of activities that generate 80% of results.
Define leading indicators and the timeline for an experiment, then spend no more than 20% of your time, budget, and resources (team members) on it. When it gets traction, add it to your core marketing plan.
5. 20% of channels and demand gen campaigns generate 80% of results.
Instead of blindly following the GareeVee framework and trying to do everything and be everywhere, double down on a few channels and activities where you leverage the compound interest.
6. You don't need more content. You need less, but higher quality content that showcases your expertise and covers in detail the questions your target audience is genuinely interested in.
For high ACV B2B, keyword volume is useless. Instead, focus on a few hot questions and challenges that bother your target buyers and cover them in-depth to create demand for your product.
E.g. instead of writing one more article on "What is ABM", focus on detailed and practical ABM case studies.
Less traffic, but more qualified prospects.
7. 20% of partnerships will drive 80% of results.
Few smaller partners might be more engaged than bigger clients that don't really care about the partnership.
Too long, so you didnโt read? Here are the main takeaways:
- You don't need more marketing activities, you need a few of them that actually drive pipeline.
- You don't need more marketers, you need fewer but more skilled people who can generate revenue.
- You don't need more leads, you need more clients and revenue.
80/20 is everywhere. If we leverage that same strategy to grow Fullfunnel.io, then you can too.
NOTE: This webinar has been condensed and edited for clarity. You can watch the full webinar here.
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