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Account Based Marketing(ABM) – Overview

Account Based Marketing(ABM) is a more discreet and contemporary approach that companies adopt as part of their marketing and sales strategy. In this approach, the organization considers and communicates with individual prospects or customer accounts as markets of one. Markets are becoming more and more commoditized, and there is a thin line of difference between the suppliers and the competitors. Under such a situation, price becomes the decisive factor for the customer. Hence, account-based marketing services are being increasingly adopted by companies under the pressure of commoditization.

How does Account Based Marketing(ABM) work?

  • The ABM agency concentrates more on working together as a unit – Sales and the marketing teams work together. They come together to identify the accounts they need to target and devise effective messages. The sales team then delivers this message very appropriately at the right time to the clients. Hence, it is a coordination work between the sales and the marketing teams.
  • Goes beyond the traditional – Lead generation is not longer the task of merely the marketing team. It has become more of a customer decision which is affected both by sales and marketing - alike.
  • Integration of campaigns – Account based marketing(ABM) is not merely advertising or marketing. It is a more closely and integrated, work focused, targeted, multi-channel campaign.
  • Personal focus – Creating personalized web content is another feature of account based marketing. Account based marketing companies aim at developing customized content that establishes a unique focus.

How can we make your account based marketing(ABM) plan successful?

  • Identify your key accounts
    We begin by identifying your key accounts. Those accounts could turn into prospective clients for your company. FCC, one of the top account based marketing agencies, does this by scanning data and evaluating the length of your sales cycle.
  • Understanding of your requirements
    Our Account Based Marketing(ABM) team understands your processes deeply. We take into consideration your pain points and work in close tandem with your sales team making your ABM plan a complete success.
  • Create appropriate messages
    Only after tactful analyzing of your current content and assessing how it would help the buyer, referring to your account list and mapping existing content to the accounts – our team prepares a message to be sent out ensuring that it would be a win-win situation for your company.
  • Planning
    As part of the abm campaign, we help create a plan that enables you to decide how the content fits.

Leading challenges faced by B2B marketers in executing their account-based strategy in the United States as of February 2022

In a February 2022 poll of US B2B marketers, 40% of participants stated that the greatest barrier to implementing an account-based marketing approach was a lack of internal expertise. After that, 31% of participants said that the biggest obstacle was their disinterest in a certain project type, and 23% mentioned a lack of agreement on the optimal strategy.

Source: (https://www.statista.com/statistics/1291254/b2b-account-marketing-challenges-us/)

Account Based Marketing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Accounting and E-commerce, BFSI, IT & Telecommunications, Government, Travel & Tourism, Healthcare & Life Sciences, and End-User Industry are the segments that make up the report on Account Based Marketing Market Companies. The report is further divided by region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) and component (Tools, Services). For every segment mentioned above, market sizes and projections are given in terms of value (USD). the account-based marketing market research from Moldor Intelligence, Inc. the account-based marketing market research from Moldor Intelligence, Inc.

Source:(https://www.mordorintelligence.com/industry-reports/account-based-marketing-market)

Account-Based Marketing Models

MODEL

FOCUS

TARGET ACCOUNTS

MARKETING APPROACH

Large Account

Few huge customers

Up Market Expansion

Develop content

Named Account

Hundred or Thousands of Accounts

Targeting Many Accounts

Integrate ABM with sales and marketing campaigns

Focused Lead Generation

Existing Marketing Channels

Segmented Accounts

Use ABM tactics to improve effeciency

More than just marketing

B2B Account Based Marketing(ABM) is more than a marketing buzzword. It is a strategy that savvy business concerns are now adopting to drive in excess revenues for their business. As more and more business organizations are shifting focus to more account-centric, it is vital that your company devises solutions that help you target and measure prospective accounts!

To find out more about account based marketing services, call upon us!!

Tags: Account Based Marketing(ABM), Account-Based Marketing, Account Based Marketing Agency, B2B Account Based Marketing, Account Based Marketing Companies

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