Date post: | 19-Mar-2017 |
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Marketing |
Upload: | g3-communications |
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#B2BMX
#ABMTwo Truths and a Lie
Iron Mountain’s ABM Approach
#B2BMX
About meLeslie AloreDirector, Global Marketing Operations & AutomationIron Mountain, Inc.
Database management Tech stack integrations & management Marketing automation (campaign execution) Lead routing & management Analytics Marketing operational processes Demand funnel methodology
@lescocco
#B2BMX
AboutWe help companies store & manage business information – physical and digital – at scale.
$4B in annual revenue
20K employees220K customers
1.4K facilities 46 countries
85M square feet of storage real estate
#B2BMX
2.1MM
arke
ting
at S
CALE
20K
928
6
30K
2
650
$49MRecords in the marketing database
New leads per month
Countries running lead gen programs (and growing)
Demand managers with revenue targets
Automation/operations managers managing data and lead flow
Target accounts
Analysts monitoring funnel & revenue performance
Campaigns per year
in Marketing-Generated revenue targets
#B2BMX
Let’s play a game….
#B2BMX
1) Iron Mountain has our ABM strategy mastered
2) Every B2B business should be doing ABM
3) ABM means different things to different businesses
Identify the LIE
#B2BMX
1) I get an average of 26 sales/marketing emails a DAY…on average, 24 (92%) mention ABM
2) Every marketing tech tool should be evaluated in consideration of how it can be leveraged in support of your ABM strategy
3) If you don’t have an ABM strategy at this point, you’re behind the curve
Identify the LIE
#B2BMX
1) B2B sales people get ABM
2) B2B sales people think all marketing (and sales) is ABM
3) Iron Mountain’s B2B sales people barely understand what marketing does, let alone what ABM is.
Identify the LIE
#B2BMX
1) Consulting and Martech vendors often promote ABM as a hot new strategy which requires incremental investment
2) Iron Mountain leadership believes ABM is a hot new strategy which requires incremental investment
3) Iron Mountain’s marketers treat ABM as a method of segmentation and messaging rather than a new or incremental way of marketing
Identify the LIE
#B2BMX
What is ABM?
According to Marketo:
- SiriusDecisions
#B2BMX
Breaks down sales and marketing silos Communicates with accounts as markets of
one Defined universe of accounts Personalized campaigns Strategic marketing initiative Been around forever, now supported with
more technology
What is ABM?
#B2BMX
Our Approach…
#B2BMX
Ring Fence ABMSmall set of named large enterprise customer accounts identified for highly customized marketing. Goal is loyalty & retention, leading to cross-sell. Highly targeted collateral & messaging to support Sales Enablement High touch, small customer events White gloves – no outbound marketing On-site web personalization by company
Named ABMNamed accounts – customers and prospects, grouped by attribute (size/vertical/vended vs. unvended). Goal is new business and cross sell. Targeted collateral and messaging by attribute to support sales enablement Targeted inbound & outbound marketing by account On-site web personalization by company attributes
Book of Business ABMProspect companies aligned to a sales territory and/or segment grouped by attribute (size/vertical/vended vs. unvended). Goal is new business. Targeted collateral and messaging by attribute Targeted inbound outbound marketing by attribute On-site web personalization by company attributes
#B2BMX
Breaks down sales and marketing silos Communicates with accounts as markets of
one Defined universe of accounts Personalized campaigns Strategic marketing initiative Been around forever, now supported with
more technology
What is ABM?
#B2BMX
Ring Fence ABM Enables breakdown of sales and marketing silos Communicate to accounts as a market of one Targets a defined universe of accounts Leverages personalization at account and individual level via sales channel
Named ABM Enables breakdown of sales and marketing silos Targets a defined universe of accounts Leverages personalization at account attribute level powered by technology and via
sales channel
Book of Business ABM Enables breakdown of sales and marketing silos Targets a defined universe of accounts Leverages personalization at account attribute level powered by technology
Not a specific initiative, It’s simply the way we work
Potential for silo-breaking, but not all of sales
‘gets marketing’
#B2BMX
Let’s talk tech…
#B2BMX
Third Party Lead Gen
Our Tech StackWeb
Marketing Automation
CRM
Data Enrichment & Validation Event Management
Content Reporting & Analytics Other Stuff
These are not ALL ABM tools……and that’s OK.
#B2BMX
Ring Fence ABM
Named ABM
Book of Business ABM
#B2BMX
Let’s discuss a few…
#B2BMX
Ring Fence ABM
Book of Business ABM
Named ABM
• Enables customer education, engagement & advocacy • Integrates with SFDC so sales can refer customers• Presented as a value-add to our customers & point of
differentiation• Marketing-run software
• Sales-enablement tool• Source of truth for sales content & intelligently presents
content based on opportunity stage• Integrates with SFDC for ease of access• Sales Ops-run software, with both sales and marketing-
created content
#B2BMX
Book of Business ABM
Named ABM
Ring Fence ABM
• Account and Lead database• Enables target Account research and prospect
discovery within SFDC• Automated data enrichment fills in demographic and
firmographic data via Eloqua integration
• Targeted outbound campaigns based on firmographic and demographic attributes
• Enables targeted, automated programs and dynamic content
• Integrated behavioral insights passed to SFDC on Lead, Contact and Account records.
#B2BMX
Named ABM
Book of Business ABM
Ring Fence ABM
• Targeted third party programs• Content Syndication aimed at defined set of accounts• Data validation & enrichment• Find the right ‘watering holes’ for target accounts and
personas
• Web technology enabling dynamic content population on the web based on account attributes
• Powers a more personalized web experience• Improves on-site conversions
#B2BMX
1. An understanding of sales and business priorities.
2. A defined approach to marketing segmentation for tactics, channels and messaging, with an account-focus (ABM)
3. Alignment with sales leadership about go-to-market approach and revenue targets
4. Implementation of technologies that enable our approach
What we have achieved (in order)
#B2BMX
1. A plan for a unique ABM initiative and budget
2. Use of the term “Account-Based Marketing” as a way to define our approach the business or sales
3. Deep penetration and alignment with the lower levels of the sales organization (many sales folks in the field still don’t ‘get marketing’)
What we have NOT achieved
#B2BMX
1) Iron Mountain has our ABM strategy mastered
2) Every B2B business should be doing ABM
3) ABM means different things to different businesses
Identify the LIE
#B2BMX
1) I get an average of 26 sales/marketing emails a DAY…on average, 24 (92%) mention ABM
2) Every marketing tech tool should be evaluated in consideration of how it can be leveraged in support of your ABM strategy
3) If you don’t have an ABM strategy at this point, you’re behind the curve
Identify the LIE
#B2BMX
1) B2B sales people get ABM
2) B2B sales people think all marketing (and sales) is ABM
3) Iron Mountain’s B2B sales people barely understand what marketing does, let alone what ABM is.
Identify the LIE
#B2BMX
1) Iron Mountain’s vendors promote ABM as a hot new strategy which requires incremental investment
2) Iron Mountain leadership believe ABM is a hot new strategy which requires incremental investment
3) Iron Mountain’s marketers treat ABM as a method of segmentation and messaging rather than a new or incremental way of marketing
Identify the LIE
#B2BMX