Mastering Account Penetration: Four Essential Tactics for Sales Success
Account penetration is a useful metric to determine how effective your sales and marketing strategies have been. This article provides tips on how to improve that metric.
To thrive in the new era of business, B2B companies need to move beyond account-based marketing ( ABM) to an individualized approach that treats business stakeholders as people. Account-based marketing for the individual ( ABM-i) uses data and insights to create personalization and drive revenue. Forrester and ITSMA surveys identified personalization and data management as keys to ABM-i success.
A tiered approach can help organizations prioritize their efforts. Starting with Tier 4 and 3, companies can create a scalable approach based on shared characteristics across prospects. Tier 2 adds more personalization based on interests and job functions. Tier 1 is a hyper-personalized approach with creative ideas to catch attention. Examples include Vodafone's V-Hub and GumGum's custom comic book for T-Mobile.
ABM-i is a time-consuming game, but advances in data analysis, predictive analytics, and automation make it more achievable. Organizations can reach one-to-one relationships with customers, at scale, and drive greater revenue. With the right approach, ABM-i is a powerful tool for success.
Next Generation Account-Based Marketing Strategy: Moving Beyond the Account to the Individual Stakeholder
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Account penetration is a useful metric to determine how effective your sales and marketing strategies have been. This article provides tips on how to improve that metric.
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