π΅π»ββοΈ 4 stages of ABM
Aug 10, 2022 1:43 pm
Hey , today weβll go over the 4 stages to launching a successful ABM program.
But before we dive in, here are some job listings that you or someone around you might be interested in.
TRENCHES JOB BOARD
MaxBill is hiring a B2B Demand/Lead Generation Specialist
Responsibilities:
- Execute data research and contact qualification for outbound/ inbound campaigns.
- Drive lead generation programs, measure, analyze, and optimize lead generation channels.
- Create, manage, and develop email campaigns, landing pages, capture forms, and automation workflows to stimulate interest to MaxBill products and solutions.
Learn more and apply here.
Flashtract is hiring a Head Of Marketing (Remote US, >150k)
Requirements:
- 5+ years of B2B marketing leadership experience ;
- 1+ year of experience in a managerial/leadership role, with the ability to recruit, retain, and motivate both existing and future talent;
- Experience working with marketing and sales automation systems (Outreach, Salesforce, and Pardot experience a plus) ;
- Experience with selecting and managing outside agencies ;
- Construction industry knowledge or experience is a plus
Learn more and apply here.
Now, letβs get to the meat of the matter.
Stage 1: πππ π¬ππ«ππππ π²
Before running an execution, make sure you have:
- Defined the market segment you want to focus on.
- Clearly defined your ICP including buying committee structure:
- Roles
- KPIs
- Why they can buy the product
- Typical concerns and objections, and how to address them
- Alignment with execs and sales on:
- Goals
- Leading indicators (how you'll evaluate campaign success)
- Account qualification and disqualification criteria
- Budget
- ABM team structure
- Value proposition hypotheses tailored to each of the buying committee members of the selected segments
Stage 2: ππ’π₯π¨π πππ πππ¦π©ππ’π π§
DOs: π π¨π₯π₯π¨π° ππ‘π 1-1-1-1-1-1-1-1-10 ππ«ππ¦ππ°π¨π«π€
This framework stands for:
- 1 market
- 1 vertical
- 1 SDR
- 1 marketer
- 1 source of intent data
- 1 warm-up tactic
- 1 tier
- 1 goal (expansion, net new revenue, acceleration, renewal)
- 10 accounts (3 buying committee members per account) max
Why?
The Pilot campaign is an experiment. You make hypotheses about your ICP, do preliminary account research and learn a lot about target accounts.
You need to apply learnings to improve account qualification criteria, account research process, and activation processes.
The goal is to launch a campaign fast with minimum resources to avoid losing momentum and trust from execs and sales.
DONβTs:
- Including lots of accounts in the pilot program (you won't be able to run ABM properly)
- Adding a wish list of accounts instead of engaged accounts
- Allocating big budget
- Involving the entire sales team. You need 1 SDR who'll be your Champion in the sales team helping to scale the program later.
Stage 3: πππ π¨π©ππ«πππ’π¨π§π¬
DOs:
- Installing new sources of intent data to identify engaged accounts
- Documenting campaign
- Creating marketing and sales playbooks
- Creating ABM tech stack
- Turning pilot campaign into an evergreen process
- Launching a new pilot campaign with a new warm-up tactic
DONβTs:
- Adding more salespeople to the program
- Investing in expensive ABM software or adding ads as a warm-up tactic
Your goal is to embed ABM into your marketing operations and make it an evergreen process instead of one-time campaigns.
Stage 4: ππππ₯π’π§π πππ
DOs:
- Creating a core ABM team
- Onboarding more SDRs and marketers with documented playbooks
- Including new verticals and markets
- Modifying campaigns for tier 2 and tier 3 accounts
- Embedding ABM into marketing operations and demand generation
Dear , donβt skip these 4 stages and launch mass campaigns right from the bat. If you do, you wonβt be able to execute ABM properly and youβll lose money, trust, and support from sales & execs.
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