Account based marketing - the key to success?


01-03-2021
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Organisations are having to re-think their marketing and Go-To-Market strategies due to the impact that Covid-19 has had over the past 12 months.

Cyber Business Growth writes:

Account based marketing (ABM) focuses on building relationships with key target and high value accounts using personalised marketing messaging and content. These accounts might be existing ones that you want to grow but could equally be new prospects you have identified as potentially valuable business opportunities. The emphasis with ABM is on quality not quantity - nurturing high value accounts using strategic marketing activities tailored to their individual organisational needs.

To identify key customers and prospects it is important to be able to define the qualities and attributes these target accounts all possess, such as geographical location, sector and company size, to build an ideal company profile (ICP). A company that shares these characteristics is then likely to be an optimum fit for your solution and you can focus your marketing efforts accordingly. By identifying potential targets with a similar profile, you are less likely to waste valuable time and resources on unqualified leads that don’t fit your ICP.

Once your target accounts have been selected you need to research the companies to gather relevant information and identify the key decision makers. Data and insight on target accounts and stakeholders is vital to create engaging content and align your proposition to their specific needs. Understanding the challenges and opportunities they face will enable you to create unique messaging to demonstrate how your solution can help them achieve their strategic business goals.

Replicating the same information across the same platforms just does not work for every prospect and the key to ABM is personalisation. This doesn’t only refer to creating targeted marketing messaging and content, but also ensuring it is delivered via the most appropriate platforms and channels for each stakeholder. This personalised approach is proven to attract and engage prospects as you are delivering bespoke messaging tailored to their specific needs and demonstrating how your solution can benefit their business.

Communicating meaningful, consistent, and customised content means your relevance among high-value target accounts is maximised, allowing you to nurture prospects, build trust and create successful relationships. In the long term these relationships can offer significant advantages, such as creating brand loyalty and retaining your most valuable accounts; the  opportunity to grow accounts by up-selling and cross-selling; and expanding your business via recommendations and testimonials from existing accounts to reach their network of customers, suppliers and partners.

Our bespoke ABM Services encompass a range of activities specifically developed to assist your business in achieving its targets. For further information on how we can support you please contact enquiries@cyberbusinessgrowth.com

 

Cyber Business Growth is a specialist cyber consultancy practice consolidating the skills of trusted, accomplished and influential industry experts to help enterprises, vendors, channel partners and investment companies navigate the complex world of cyber security.
The philosophy of CBG is to impart our cyber experience, knowledge, operational know-how and access to the market to those that need it. Our range of services has evolved to ensure we can successfully provide comprehensive expertise in the ever-changing marketplace by understanding and solving complex business and security challenges through advisory, cyber, and business-focused consultancy services.
Our unparalleled experience with both emerging and established Cyber Security vendors across the globe and our access to cyber experts, provides a full 360-degree view around Cyber Security, alongside our specialist service capabilities.

Cyber Business Growth