3 Things Your Company Must Do To Successfully Implement Account-Based Marketing | Lisset Sanchez-Schwartz - 1509

The Sales Evangelist

ABM (or account-based marketing) is the latest buzzword in the sales world, but how can we integrate this strategy within an existing marketing strategy? More importantly, should you? On today’s episode of The Sales Evangelist, Donald is joined by the Director of Global Account-Based Marketing at ON24, Lisset Sanchez-Schwartz, to learn her approach to implementing account-based marketing campaigns successfully.

1. Determine what ABM really means and which type you should utilize.

• ABM is a cross of a full range of communications, from events to content delivery.
• It’s segmenting customer bases into unique groups where you can apply different and specific messages. In some cases, that could even mean a 1:1 strategy.
• It’s not a tactic or campaign type, but it's an orchestration amongst many team members to holistically approach an account.
• There are three ABM approaches: one-to-one, one-to-few, and one-to-many. Of course, the personalized you get, the more expensive it is to implement.

2. Determine if an ABM strategy will be effective.

• Admittedly, this should probably be a discussion before you determine the type of ABM. But remember, not every account needs an ABM strategy attached.
• ABM needs to be a partnership with sales. (Many places even call it ABX, because it applies to so much more than just marketing.)
• Lisset’s pro tip: Don’t try to boil the ocean. It takes money, time, and effort over a long period to see results.

3. Develop the infrastructure to support your ABM approach

• If you don’t have the infrastructure to do retargeting at scale, select a handful of accounts and research.
• Apply an ABM strategy where it makes sense.
• To determine if an account might benefit from an ABM strategy, evaluate and research. If you have a limited budget, use information from your sales team to build the most robust plan possible.
• If you have a larger budget, utilize third-party data to gain more information about a potential company. This is a great way to learn if a company is interested in you (or a competitor.)
• The more time you spend on the model, the better the backend will be

How do you aggregate this information if you don’t have the software to find all these data points?

• Hopefully, you have a CRM. The first-party data you’ve built up will pay dividends.
• Start with what you have today. Even if your data isn’t the cleanest, start a 1:1 with a company you’re more confident about.

Lisset’s final takeaway? Have the conversation and have patience. A long-term strategy might not seem successful initially, but it will pay dividends down the line with consistency. Visit ON24.com for more company information and connect with Lisset on LinkedIn to learn more.

This episode is brought to you in part by Skipio.

Are you sick of crickets? As a salesperson, the pain of reaching out with phone calls or emails and not receiving a response is real.

But all text messaging is not created equal. 85% of people prefer text over email and phone calls because they want to engage in a conversation, not listen to bots. Be more like people and start having conversations that end in the conversions you want. Try Skipio at www.Skipio.com.

This course is brought to you in part by the TSE Sales Certified Training Program, designed to help new and struggling sellers master sales fundamentals and close more deals. Help elevate your sales game and sign up now to get the first two modules free! You can visit www.thesalesevangelist.com/closemoredeals or call [phone] for more information. We value your opinion and always want to improve the quality of our show. Complete our two-minute survey here: thesalesevangelist.com/survey.

We’d love for you to join us for our next episodes by tuning in on Apple Podcast, Stitcher, or Spotify. You can also leave comments, suggestions, and ratings for each episode you listen to!

Read more about sales or listen to audiobooks on Audible and explore their huge online library. Register now to get a free book and a 30-day trial.

Audio provided by Free SFX and Bensound. Other songs used in the episodes are as follows: The Organ Grinder written by Bradley Jay Hill, performed by Bright Seed, and Produced by Brightseed and Hill.