Introduction
Did you know that 93% of SaaS marketers think account-based marketing (ABM) is very successful? Companies using ABM see their revenue grow by an average of 77%. These numbers show how powerful it is to focus on specific accounts to grow your business. But starting from scratch can be tough. That's why we're here to help.
In this guide, we'll show you how to make a great plan for engaging with your target accounts. We'll focus on three main things:
- Really getting to know your target accounts.
- Making sure your sales and marketing teams work well together.
- Creating special strategies that connect with each account.
We'll also talk about why it's important to know your ideal customer profile (ICP). An ICP is a detailed description of the type of customer that is perfect for your business. We'll explain how to pick the most important accounts and keep improving your approach.
Using these tailored strategies can lower the cost of getting new customers by up to 30% in some industries (Powered by Search, 2024). The potential for growth is huge. Let's dive in and learn how to build a plan that really works.
Understand and Prioritize High Value Target Accounts
To make a great targeted account engagement plan, start by finding and ranking high-value target accounts.
First, you need to define your Ideal Customer Profile (ICP). Your ICP is a description of the perfect customer for your business. It helps you figure out which accounts match your goals best. "Gathering in-depth account details is essential but can be time-consuming. Begin by confirming that your ideal customer profile (ICP) is clearly defined" (How To Use Account Mapping To Shorten Your Sales Cycle - Metranomic). A clear ICP lets you focus on accounts that can grow and engage the most.
Next, make a list of target accounts in order of importance. Use data to decide which accounts to focus on. Look at things like how much they could grow and how likely they are to buy. "Carefully selecting target accounts using data-driven criteria like growth potential and buying propensity is crucial for ABM success" (The Complete Guide To Account-Based Marketing (ABM) In 2024 - Inkbot Design). By focusing on these high-value accounts, you can make your marketing and sales work better.
It's important to do this step well. 67% of brands use an account-based marketing strategy. Companies that use this approach see their revenue grow by an average of 77% (B2B Account-Based Marketing Statistics for 2024 - Powered by Search). This shows how important it is to pick the right accounts for your plan.
Develop Personalized Strategies to Engage Key Decision Makers
To connect with important decision-makers, you need to create personalized plans. Account-based marketing (ABM) is a way to make sure sales and marketing teams work together. They create special campaigns that really speak to certain companies. "ABM is all about personalization, and that starts with a deep understanding of each target account" (How to Do Account-Based Marketing: A Step-by-Step Guide to Success). This method makes sure your messages and content fit the unique needs of each decision-maker. It helps build strong connections.
The power of personalization shows in the results from companies using ABM. For example, businesses have seen a 500% increase in visits from their target accounts. They also saw their revenue grow six times in just seven months (17 ABM Stats That Will Make You Rethink Your 2025 Strategy - Rollworks). These numbers show how important it is to make content and campaigns that focus on what high-value accounts care about.
Working together between different teams is also key to success. "By setting a solid foundation with well-defined ICPs, a prioritized target account list, and aligned sales and marketing teams, you are well on your way to building a successful ABM strategy" (The Ultimate Guide to Building an Effective Account-Based Marketing). When everyone works together, every interaction with decision-makers is clear and effective. This helps increase engagement and turn leads into sales.
Harness Technology to Streamline and Enhance Account Engagement
To make your targeted account engagement plan work better, you need to use technology. Tools like Demandbase, LeadAngel, and LeanData help businesses find, talk to, and win over important accounts. They do this through special ads aimed at these accounts. These tools help marketers focus their work and make sure they reach the right people.
Marketing automation software is a big help too. It can boost the number of good leads by up to 451%. This makes it easier to reach more people without a lot more work.
Also, getting leads through your own websites and platforms is much cheaper. It costs 61% less than calling or emailing people out of the blue. This shows how smart it is to use data to guide your engagement plans.
Using these special strategies can also cut down the cost of getting new customers. In the B2B SaaS industry, these costs can drop by about 30%. That means going from $341 to $239 per customer. This not only saves money but also lets businesses use their resources better.
By using these technologies and strategies together, companies can do a better job of reaching out to important accounts and see real results (
10 Essential Account Based Marketing Software Tools for Engagement,
40+ Lead Generation Statistics to Know for 2024,
70 Top Lead Generation Statistics for 2024,
Average Customer Acquisition Cost by Industry for 2024).
Align Sales and Marketing for Seamless Collaboration
To make sales and marketing work well together, they need to have the same goals and ways to measure success. A survey showed that 73% of companies using account-based marketing (ABM) said their sales and marketing teams worked better together. ABM is a way to focus on specific customers. This teamwork helps both teams work smoothly to reach important customers.
One good way to do this is by looking at results for each account. For example, keeping track of how much each account adds to the sales pipeline and how engaged they are. This helps both teams see what's working. You can find more about this at Account-Based Marketing Strategy & Approach | Examples.
Using tools like predictive analytics and intent data can also help. These tools help figure out which accounts are most likely to buy. You can learn more about this at Effective Account-Based Marketing (ABM) Strategies for 2024.
By working together and using data, companies can do much better. For example, 35% of sales people said they closed more deals after using these plans. You can see more about this at How Close Rates are Shifting in 2024 [New Data] - HubSpot Blog. This way of working speeds up sales and makes marketing more focused and effective.
Track Key Metrics to Measure and Optimize Engagement Success
To see how well your targeted account engagement plan is working, you need to keep an eye on key metrics.
These metrics give you important information about your strategies. For example, customer advocacy shows how much your customers support you. You can measure this through referrals, testimonials, and case studies from your target accounts. This helps you understand how effective your engagement efforts are (
9 Essential ABM metrics to track and measure success - Turtl).
You can also use analytics platforms to watch target account engagement as it happens. This lets your team adjust their approach and get better results.
Other important metrics include customer lifetime value, average deal size, and revenue from target accounts. These help you figure out the return on investment (ROI) and how successful your account-based marketing (ABM) strategies are (
12 essential ABM metrics and KPIs to measure success).
By focusing on these key performance indicators (KPIs), you can speed up the sales process and turn target accounts into customers faster.
Using data to track and analyze these metrics helps you keep improving and succeed in the long run with your targeted account engagement.
Boost Revenue with Targeted Engagement
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