ABM and ABS alignment: how to hit a moving target - B2B Marketing
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ABM and ABS alignment: how to hit a moving target November 2018 Adrian Hardy 1 © British Telecommunications plc 2018
Target accounts for the NBA team Global Multi Many decision Complex buying National Multi divisional Multi regional makers across behaviours Corporates the globe Competition Striving for Suffering from Internal Politics from strange Drive for Agility Transformation budget cuts places © British Telecommunications plc 2018
Our first team meeting I think these accounts are absolutely prime for an ABM approach. We treat them like a Marketplace in their own right. And what does that look like exactly? We've got all this fabulous content, collateral, campaigns, events and resources. Let’s do a mini campaign around each account. And exactly how much work will that be for the team? How much time will this take? © British Telecommunications plc 2018
What ‘The Team’ said in the first 6 months… © British Telecommunications plc 2018
The most valuable commodity to any sales team is Time. 6
After 6 months, I needed a re-think… Campaign-led Support for sales Tailoring of generic assets Finding new contacts Marketing strategies to support the sales approach Working where sales were working – Making the agenda look pretty – Polishing slide presentations – Facilitating customer engagements Working at the bottom of the funnel © British Telecommunications plc 2018
“Why don’t I do an ABM plan on the NBA team?”
The NBA ABM Plan How do I What are my Who are the Key How should I How do I add measure targets? Decision Makers? engage them? Value? Success? •The same as their •What do I know •Regular slot on •Deep insight •New pipeline targets (80%) about them? team agenda •Work ahead of •Accelerate •Marketing related •What do they (middle) them closure performance need? •Updates to •Own the •Engaged contacts (20%) Account Customer •Won business Development Engagement •John Plan •John’s team •Develop new •Focus on the relationships •John’s Boss outcome aligned •Librarian for •My Boss to Sales Targets Marketing © British Telecommunications plc 2018
So, exactly how do you learn to speak Sales-ish?
Sales and Marketing – Myers-Briggs Type Indicator (MBTI®) Sales E N F J Marketing E N T B https://careers.workopolis.com/advice/the-est-jobs-for-your-personality-type-using-the-myers-briggs-scale/ © British Telecommunications plc 2018
Extraversion & Intuition Extravert Intuition Extraverted types learn best by Intuitive types prefer a learning talking and interacting with atmosphere in which an emphasis others. is placed on meaning and associations. By interacting with the physical world, extraverts can process and Insight is valued higher than make sense of new information. careful observation, and pattern recognition occurs naturally. © British Telecommunications plc 2018 https://en.wikipedia.org/wiki/Myers%E2%80%93Briggs_Type_Indicator
Thinking & Feeling - reflects a person's decision preferences Sales - Thinking Marketing - Feeling Thinking types desire objective Feeling types place an emphasis truth and logical principles and are on issues and causes that can be natural at deductive reasoning. personalized while they consider other people's motives. © British Telecommunications plc 2018 https://en.wikipedia.org/wiki/Myers%E2%80%93Briggs_Type_Indicator
Judging & Perceiving - how a person regards complexity Sales - Judging Marketing - Perceiving Judging types will thrive when Perceiving types will flourish in a information is organized and flexible learning environment in structured. which they are stimulated by new They will be motivated to and exciting ideas. complete assignments in order to Perceiving types may be late gain closure. and/or procrastinate. Judging types like to be on time. © British Telecommunications plc 2018 https://en.wikipedia.org/wiki/Myers%E2%80%93Briggs_Type_Indicator
“Understanding a customer’s persona doesn’t tell you what to say… only how to say it…”
Giving the customer what they want Field Based Marketing Account Based Marketing Campaign-led Leading campaign development Support for sales Partnered with Sales, Specialists and Consultants Tailoring of generic assets Specifying targeted assets Finding new contacts Engaging new contacts Marketing strategies that deliver a marketing target Marketing strategies that deliver the sales target Working where sales are Working where sales are going to be Making the agenda look pretty Making the agenda Polishing slide presentations Delivering slide presentations Facilitating customer engagements Hosting customer engagements Working at the bottom of the funnel Working at the top of the funnel © British Telecommunications plc 2018
Lighting up their business Field Based Marketing Account Based Marketing Colouring in Lighting up Department Department © British Telecommunications plc 2018
An ABMer is the CMO on the board for the Account Team. They should act like it…
Strategies for building a relationship with Sales Go on a Use facts, clearly Use examples of Go prepared Start small recommendation presented success Be on time and Show how you Quantify their Develop the plan Agree the ongoing keep to time deliver their target involvement together relationship Deliver Report up to Train together Sign the contract Showcase success consistently management © British Telecommunications plc 2018
Working with the Sales team for the first time Go on a recommendation Go prepared Start Small • Get an existing Sales Colleague to send • Book an hour • Identify one simple thing you can an email to the new team impact • Write your agenda – and half it • Outline your idea in terms of sales • Aim for a solid 10% • Research the account(s) thoroughly outcome • Show examples of where you have • Go with insight they don’t have • Highlight an example of where your done this before sponsor had success with you • Quantify timescales, resources and outcomes • Be on time, keep to time © British Telecommunications plc 2018
Scarcity is Key
Building the plan together Show how you can Quantify their involvement Develop the plan together deliver their target • Understand the nature of their target • Hours per week • Come with a straw-man • Understand the entire pipeline and • Doing what • Don’t be precious gap for the account (or cluster) • Cost of failure • Build trust slowly • Show how every campaign and • Agree frequency of review • Input your revised plan onto their engagement will deliver outcome Account Development Plan • Agree reporting method and audience • Show the distinction between closing • ‘Sign’ the plan existing and generating new • Agree closure • Share with Senior Management • Understand and use their financial terms © British Telecommunications plc 2018
ABM plans fail because they have not been developed with sales.
Delivering the plan to closure Train Together Deliver consistently Showcase success • Never ‘do Sales Enablement’ to sales • Run a ‘public’ action plan, preferably • Use internal comms channels to sales coupled with the Account Plan • Attend all workshops with sales, and • Promote every engagement, use debrief afterwards • RAG status everything pictures, report outcomes • Listen to what won’t work and why • Handle ‘Ambers’ • Celebrate the near misses as much as the big wins • Report ‘Reds’ quickly and seek resolution through escalation • Get Sales to promote the final outcome • Consider the cost of failure • Generate your next sales • Project Management training recommendation © British Telecommunications plc 2018
“The fact is, everyone is in Sales. Whatever area you work in, you do have clients and you do need to sell.” Jay Abraham
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