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How to Build a Winning B2B Account-Based Marketing Strategy from Scratch

12/26/2024

Introduction

In the world of B2B marketing, one strategy really shines: Account-Based Marketing (ABM). ABM is a way to focus on specific, high-value customers. Companies using ABM see their revenue grow by at least 77%. If they also use Account-Based Advertising, their win rate goes up by 60% (Powered by Search, 2024; Rollworks, 2024). These numbers show why 47% of B2B marketers choose ABM. Unlike regular marketing, ABM targets big accounts with messages made just for them. This helps make more money, which we call return on investment (ROI). This blog will show you how to start an ABM strategy. We'll talk about working with sales teams and making special campaigns for your target accounts. By the end, you'll know how to change your marketing and see real results.

Laying the Groundwork: Build Your B2B ABM Strategy

To start a good B2B Account-Based Marketing (ABM) plan, you need to focus on big, important customers. ABM means you don't treat all customers the same. You need to really know your target customers. Sales and marketing teams must work together. Forrester says 71% of B2B marketers use ABM to focus on big customers. This shows how important ABM is getting (Account Based Marketing Strategies: Top Tactics 2024 - TechFunnel). When sales and marketing teams agree on which customers to target, they can make special campaigns. These campaigns connect with the people who make decisions. This leads to better results. One big plus of ABM is it makes selling faster. By focusing on specific big customers, companies save time and money. They can work on parts of selling that make money (The Ultimate Guide to Account-Based Marketing (ABM) - HubSpot Blog). This way, marketing efforts fit each customer's needs. This is key to turning interest into sales. As ABM grows, using data and making things personal will be important for success in 2024 and later.

Pinpoint High Value Accounts: Identify and Prioritize Targets

To find high-value accounts in your B2B Account-Based Marketing (ABM) strategy, you need to use data-driven insights. ABM is all about targeting specific accounts instead of trying to reach everyone. This way, you focus on quality over quantity. "Account-based marketing fits the adage ‘quality over quantity,’ requiring significant time and resources to nurture carefully selected, high-value accounts" (Top 10 Account Based Marketing Strategies That Work For Business). You can use tools like predictive analytics and intent data to find accounts that are already looking for your products. Predictive analytics helps predict which accounts might buy from you. Intent data shows which accounts are actively searching for what you offer. This makes your approach more targeted (Key Account Based Marketing Trends for 2024 That Will Shape the Future). Working together, sales and marketing teams are key. They need to share data and plan their efforts to meet the unique needs of each account. This teamwork works well, with "73% of companies using ABM reporting better alignment between their sales and marketing teams" (Account-Based Marketing Stats - Insights ABM). Also, companies with good ABM strategies say that "73% of their total revenue comes from account-based marketing efforts" (25 ABM Statistics You Should Know | Similarweb). By focusing on high-value accounts and working together, businesses can make their sales process faster and grow their revenue. This targeted approach helps use resources wisely, boosting ROI and ensuring long-term success.

Craft Personalized Content: Engage Key Decision Makers

Making personalized content is key to a good Account-Based Marketing (ABM) strategy. ABM means focusing on specific big clients. By making messages that fit the special needs of these clients, businesses can connect better with the people who make decisions. In fact, 57% of B2B marketers say ABM really helps improve how customers feel about their brand (Account-Based Marketing Stats - Insights ABM). This kind of personal touch makes sure that marketing efforts really speak to the target clients. It helps build stronger relationships and trust. Using data to guide marketing also helps make very focused campaigns. For example, predictive analytics and intent data are tools that help find out what problems key clients are facing. This lets businesses make content that solves those exact problems. This not only makes clients more interested but also leads to real results. Companies using ABM have seen a 30% increase in revenue from marketing efforts (Account-Based Marketing Stats - Insights ABM). To make personalized content work its best, sales and marketing teams need to work together. When these teams align, they keep the message the same and relevant everywhere they reach out. This teamwork is very important for ABM to work well. In fact, 73% of companies with strong ABM strategies say a big part of their revenue comes from these efforts (25 ABM Statistics You Should Know | Similarweb). By focusing on personalized content that uses data and making sure teams work together, businesses can get the most out of ABM.

Strengthen Relationships: Proven Tactics for Target Accounts

Building strong relationships with target accounts is key to a successful Account-Based Marketing (ABM) strategy. ABM means focusing on specific companies instead of a broad audience. One great way to do this is by using data-driven insights. This means using information to make smart choices. For example, companies that use predictive analytics, which is a way to guess future trends, and advanced personalization, or making things unique for each person, see big improvements in how engaged people are and how much money they make. This helps marketing efforts connect deeply with each account's special needs, making stronger bonds (TechFunnel). Another important part is making sure sales and marketing teams work together. This is called alignment. When these teams are aligned, they can send the same message and reach out in a way that makes sense. This teamwork not only helps them work better together but also leads to real results. For instance, companies that align their ABM strategies with account-based advertising, which is ads aimed at specific companies, have a 60% higher win rate (Rollworks). By working together, these teams make sure every interaction with a target account matters. Also, treating high-value accounts like they are their own little markets helps a lot. This means making special plans just for them. This approach can increase the chances of making sales by 66%. It works because sales and marketing teams work more closely together (Similarweb). By always improving these methods and using intent data, which shows what people are interested in, businesses can build deeper relationships and succeed in the long run with their most important accounts.

Measure Success: Track ABM ROI and Impact with Key Metrics

It's important to check how well your Account-Based Marketing (ABM) plan is doing. This helps you see what works and what to change next time. You can use special numbers called Key Performance Indicators (KPIs) to see how good your ABM is. KPIs like Account Engagement Score, Opportunity-to-Win Rate, and Customer Lifetime Value (CLV) tell you if your campaign is working. For example, looking at how fast deals move through your sales pipeline can show you where things slow down. This helps you make sales go faster (Master ABM KPIs: Top ABM Metrics for B2B Marketers - DeckLinks). ABM can also help your business make more money. Companies say that 73% of their total money comes from good ABM plans (25 ABM Statistics You Should Know | Similarweb). It's also key to work together with your sales and marketing teams to get the best results. Checking how happy your customers are with Customer Satisfaction (CSAT) scores can help you make your ABM better for them (Master ABM KPIs: Top ABM Metrics for B2B Marketers - DeckLinks). By keeping an eye on these numbers, you can see how your ABM is doing right away. You can also make sure it keeps working well in the future. Looking at these KPIs often helps you keep getting better. This way, your marketing always matches your business goals and gives you the most value.

Boost Your ABM Strategy with Precision Targeting

Ready to revolutionize your ABM strategy and skyrocket your ROI? With ContactLevel, you can target the right accounts with pinpoint accuracy and track engagement in real time. Don't miss out on this game-changing opportunity! Schedule a consultation now and let's unlock your business's full potential together!


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