By Dionne Sanders January 26, 2017
You’ve attended the webinars and read the blog posts on why your organization should implement an Account Based Marketing (ABM) plan. You’ve gotten buy-in from Marketing and Sales leadership and now have budget to execute on your plan. What is clear, is that your company needs ABM. But is your organization ready for ABM?
Before you answer, let’s review a definition of ABM from the folks at Engagio: “Account-Based Marketing is a strategic approach that coordinates personalized marketing and sales efforts to open doors and deepen engagement at specific accounts.” With this in mind, use our checklist ensure your organization is prepared to implement ABM?
1. Build an Account Based Marketing strategy
Define goals for the ABM program and ensure that leadership is dedicated to making it work. Whatever the goals may be, your sales and marketing plan should:
2. Create alignment across functional teams
First and foremost, commit to aligning your Marketing and Sales teams to focus on the most valuable accounts. Marketing needs to understand sales’ goals and sales should recognize marketing as an important part of the selling process. Content and Lead Generation teams (internally or external partners) should have the same mindset – targeting leads with content relevant to those key accounts.
3. Define roles to carry out the ABM strategy
Who is responsible for identifying target accounts for ABM? Who on your team will create engagement strategies targeted to the right accounts? Once your ABM program has been deployed, who will measure its success? Additionally, does your team have suitable skills to learn new solutions and stick to new business processes? Answer these questions early on to determine resource needs.
4. Decide what metrics are important in measuring the impact of your ABM program:
Look at a few stats from SiriusDecisions 2016 State of ABM Study:
Before rolling out ABM across all of your target accounts, it could be beneficial to test your strategy with a pilot deployment of your ABM program. Choose one of your target accounts, build a sales and marketing plan, create content, execute your campaign and measure the outcome, track the strain on resources. Based on lessons learned, implement the full-scale ABM program across all of your valuable accounts.