Definition
Account-Based Marketing (ABM) is a highly focused business-to-business (B2B) strategy where marketing and sales teams work together to target a specific set of high-value companies (accounts) and treat them as individual markets. Instead of casting a wide net, ABM concentrates resources on engaging key decision-makers within those target accounts with personalized campaigns and messaging designed to address their specific needs.
Examples
- Personalized Content: A software company creates a detailed report on « Improving Efficiency in the Aerospace Industry » and sends it directly to a pre-selected list of 50 aerospace engineering directors.
- Targeted Digital Ads: A marketing team runs a LinkedIn ad campaign that is only shown to employees with a « VP of Finance » title at a specific list of 100 target companies.
- VIP Events: An agency hosts an exclusive roundtable dinner for C-level executives from their top 10 target accounts to discuss upcoming industry trends.
- Custom Website Experience: When a visitor from a target account’s IP address lands on the website, they are shown a customized homepage with their company’s logo and industry-specific case studies.
Advantages/Benefits
- Higher ROI: Concentrates marketing and sales efforts on the accounts most likely to generate significant revenue, eliminating wasted spend and increasing return on investment.
- Sales and Marketing Alignment: Forces sales and marketing teams to collaborate closely on identifying target accounts and creating coordinated campaigns.
- Shorter Sales Cycles: By engaging all key decision-makers within an account simultaneously with relevant messaging, the buying process can be accelerated.
- Increased Customer Lifetime Value: The personalized, high-touch approach builds stronger relationships, leading to better retention and opportunities for upselling.
Related terms
- ICP (Ideal Customer Profile)
- B2B Marketing
- Personalization
- Lead Nurturing
- Sales and Marketing Alignment
- Demand Generation
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