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 - B2B Marketing
ABM and ABS alignment:
   how to hit a moving target
November 2018
Adrian Hardy

1   © British Telecommunications plc 2018
ABM and ABS alignment: how to hit a moving target - B2B Marketing
“Why don’t Sales
people like me?”
ABM and ABS alignment: how to hit a moving target - B2B Marketing
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
ABM and ABS alignment: how to hit a moving target - B2B Marketing
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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