Why You Should Include ABM Into Your Lead Generation Strategy

 Of all the marketing approaches adopted by any business, Account-Based Marketing (ABM) is one of the most sought-after B2B Lead Generation Solutions to engage and convert highly targeted audiences. The solution has been successful in many instances and has effectively touched the lives of many prospects/customers.  Believe it or not, ABM was one of the hottest B2B marketing trends last year. In this blog, we will discuss ABM in detail how businesses can master this strategy to eliminate poor leads and, instead, fill their pipeline with qualified leads.

A brief about ABM:

ABM is a strategy that focuses on delivering targeted, personalized marketing programs that help drive business growth. This type of marketing is different from traditional forms of marketing solutions. It deals with each client/account individually and markets it accordingly. This is the primary difference between ABM and other marketing techniques that adopt a one-to-many approach.

Account-based marketing solutions have been here for a while, and as a first step, instead of focusing on a wide audience base, accounts that present the highest value (those that matter and can drive more revenue) are identified. All the marketing focus is then concentrated on a limited set of accounts and decision-makers at these businesses are approached. Further, campaigns are launched as per the needs of the client.

Why ABM today and always?

Do you think it is a good idea to remain stuck with something that is not generating good results? Or even continue with a wide range of campaigns that ultimately see a few conversions? Obviously not. The current marketing scenario is such that one cannot afford to run blanket campaigns. Businesses need to adopt highly targeted and personalized marketing strategies across industries to maximize ROI. And ABM does just that. Ever since its introduction, ABM has brought a sea-change in the way businesses strategize their marketing efforts; it has made them more agile. Even in stressed times during the pandemic, ABM struck the right chord, ensuring quality leads and business continuity. 

As we enter 2022, let’s take a look into the nuts and bolts of Account-Based MarketingSolutions and why it will matter going forward.

1.    ABM reflects personalization

ABM is a personalized approach that draws on the unique needs of decision-makers within an organization. So once the target accounts have been identified, creating personalized experiences is a tough nut to crack. Marketers must know the nitty-gritty of the prospect’s needs in order to be of service to them. This can expedite the lead generation process.  Any Lead Generation Company can help you strategize your ABM initiatives.

2.    ABM shortens the sales cycle 

Every company aims to shorten its sales cycle for the simple reason that the faster you close, the more sales you generate. Long sales cycles, small margins, and high turnover are some of the common challenges faced by businesses.  Often, the leads generated by B2B marketers for the sales team do not convert. A one-size-fits-all approach does not work well here. Therefore, each account must be dealt with differently with a focus on specific needs, challenges, buying triggers, and preferred communication channels. Account-based marketing can address all of these challenges. With a focus on targets that are picture-perfect for your business, the sales and marketing teams can focus all their efforts on them and, thus, spend less time weeding through poor-quality leads. Instead, they can devote much of their time selling. This shortens the time between the first follow-up to the closed deal.

3.    ABM syncs sales and marketing teams

Sales and marketing teams are the soul of any B2B Lead Generation Company as both play an important role in spurring business growth. And when they both work in tandem, they can do wonders. With an ABM approach, businesses can eliminate the glass wall between both teams by making them a part of the strategy and execution process. Together, the sales and marketing teams can sieve possible accounts and approach precisely for greater ROI. This allows companies to gain a competitive advantage by finding accounts that will likely convert. Sales and marketing can share knowledge about a client to create customized campaigns and engage with the customer more effectively. It ensures that the sales team can deliver a better and more satisfying experience for the customer.

4.    ABM shows greater ROI

It’s tough to measure how well ABM worked over companies, industries, and markets. But more targeted campaigns deliver better results and save on time, too. This means the focus is on high-quality opportunities, and less time is spent on campaigns that aren’t working. A hyper-focused approach will increase engagement levels and, thus, drive greater revenue.

Is there a success formula for ABM?

Yes! Creating a cohesive account team is the key to achieving success with ABM. Without alignment, your sales and marketing campaigns will suffer from a fragmented experience, which will ultimately affect both parties and drive down both your brand and sales.

A dedicated B2B Lead Generation Company needs to establish a clear understanding of the goals and the various strategies necessary to reach and engage with the right audience. While the top priority is to capture new clients, it should also consider other goals aligned with the bigger goals.

Some of the goals have been listed below:

·         Pinpointing a higher number of decision-makers in each account.

·         Securing a higher number of senior-level executives/meetings.

·         Enhancing the sales cycle.

·         Creating higher customer loyalty.

·         Improving revenues from existing accounts.

Takeaway

ABM is a revolutionary marketing strategy that helps increase revenue and improve lead conversion rates. It can also help build a more robust marketing team. Have you implemented the right ABM strategy for your company? Or do you have any questions about growing your business? You can get in touch with the Best B2B Lead Generation Services provider to get your ABM strategies right. Do let us know in the comments below.