We scan new podcasts and send you the top 5 insights daily.
Don't limit your ABM strategy to acquiring new logos. It's an incredibly effective approach for customer expansion. Target large enterprise customers where you have a small initial footprint, using ABM plays to sell into new departments, business units, or sell more products.
Most B2B SaaS companies stop ABM efforts after the initial sale, despite landing only about 30% of an account's potential revenue. The biggest growth opportunity lies in applying ABM strategies post-sale for customer expansion, which prevents a poor customer experience and captures significant untapped revenue.
Successful ABM requires more than just marketing execution. The entire organization, including sales, implementation, customer success, and support, must be equipped to handle enterprise-level accounts. Without this cross-functional readiness, marketing's efforts to drive enterprise demand will be wasted downstream.
Instead of deciding to do ABM based on your product type, look for signals in your existing sales data. If you are already managing to close large, enterprise-level accounts through your current demand generation efforts, it's a strong indicator that a focused ABM strategy could be successful.
The "Marketing" in ABM creates resistance from non-marketing teams, pigeonholing the initiative. Using broader terms like "Account-Based Strategy" or "Account-Based Engagement" repositions it as a company-wide GTM motion, dramatically improving adoption across sales, customer success, and leadership.
Account-Based Marketing has matured from a niche tactic for large enterprise accounts to a comprehensive framework incorporating intent data and various scales (one-to-one, one-to-few, one-to-many). It now serves as the central "glue" for go-to-market strategies, unifying disparate teams across the organization.
Instead of selling "one-to-one" or "one-to-few" ABM programs, focus on the client's specific business challenge. Frame the solution around solving that problem, which resonates with the C-suite who care about outcomes, not marketing jargon.
Using the example of Aviva targeting GSK, a highly focused ABM playbook can be used for brand transformation. The goal was to change GSK's perception of Aviva, leading to 45 new key relationships and a $9M pipeline within that single account.
A common strategic error is defaulting to ABM solely for new customer acquisition. This overlooks the immense, often untapped, potential for revenue growth within the existing customer base. The highest ROI for ABM frequently lies in driving upsell and cross-sell opportunities with current clients.
Many firms reduce Account-Based Marketing (ABM) to tactics like direct mail or targeted ads. True success requires treating ABM as a comprehensive go-to-market operating model. This means aligning the core sales process and strategy first, before implementing any technology or specific campaigns.
Acquiring net new customers is expensive and resource-intensive. A more efficient growth strategy is to focus on expanding business within your existing customer base, treating these upsell and cross-sell opportunities with the same strategic importance as new logo acquisition.