Uploaded on Aug 17, 2022
This type of interruption in B2B marketing fails to generate a steady flow of revenue in the long run because not everyone is the right fit for your product. https://www.oxper.in/account-based-marketing/
Account based Marketing Everyone is NOT your customer
Account-based Marketing: Everyone is NOT your customer
As marketers, aren’t we all guilty of sending out mass marketing messages to prospects
and customers? Even though we are fully informed that the more personalised and
targeted our campaigns, the better they perform. Whether intentional or unintentional- this is
called spray and pray marketing- a gross generalising mistake made by the majority of
marketers alike. Pushing out generic messages in the hopes that they resonate with a
small percentage of an audience that will eventually go on to make a purchase and
become customers- does not work out anymore. This type of interruption in B2B marketing
fails to generate a steady flow ofrevenue in the long run because not everyone is the right fit for
your product.
If you keep selling your product or service to a customer who isn’t the right fit, it won’t
take them long before they realise this and leave. So, it makes no sense for you to keep
investing your sales and marketing efforts to sell to a customer who will leave within a
short span of time. Instead, your resources should be focused on attracting, nurturing
and selling to prospects who are a right fit for your products and by “focussed”, I mean
laser-focussed. Instead of one message to a global audience, it should be one message to a
specific audience. This is where account based marketing comes into the picture.
In a nutshell, account-based marketing uses personalised strategies to bridge the sales
and marketing gap. It targets specific businesses in a bid to engage with key decision
makers and then builds on that relationship to open up new sales opportunities and
influence purchase decisions of the targeted buyers. This is so much more efficient
than launching a broad marketing campaign that attracts thousands in an attempt to
nurture only the few that express their interest. Essentially, account-based marketing
flips the traditional sales and marketing funnel upside down. Complicated as it sounds,
you can outsource this process to an account based marketing agency to streamline
your business and focus on other important aspects of it that can drive revenue.
Account based marketing services align your sales and marketing efforts, generate a
higher ROI and increase business revenue. Realistically, the investment made in account-
based marketing delivers either the same ROI, somewhat higher or significantly higher returns
when compared to other marketing initiatives. This makes it a zero-waste strategy!
The goal is to deliver highly personalized and relevant campaigns to the target audience,
to secure more leads, eventually increase your deal size, which isn’t something that
happens overnight. In David Ogilvy’s words- “Don’t count the people you reach; reach the
people that count.”- and that is the essence of account based marketing.
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