Account-based marketing (ABM) accounted for 79% of all sales opportunities in 2020. And yet, no one can agree on what account-based marketing is.
Fullfunnel co-founder Andrei Zinkevich says, “ABM is not that complicated, and it’s also oversimplified.”
If leads-based B2B marketing is fishing with a net, ABM is using a harpoon.
In this article, we’ll break down nine account-based marketing case studies from brands that hit and exceeded their business goals with ABM strategies and tactics. Learn why they worked and how to apply them to your business.
1. How iRidium used audience targeting, networking, and activation to land 34 new sales opportunities
You’d be surprised what you can do with a $3,000 ABM budget.
In 2020, smart home and building automation platform iRidium mobile wanted to land bigger clients and announce new products. To do this, they worked with Fullfunnel.io, to host a virtual summit.
The cash-strapped platform had limited budget and no brand awareness outside their local market. But by targeting their ideal customer profile (ICP), delivering on their needs, and following up, they still exceeded their goals.
Results of iRidium’s ABM efforts
- 2,320 sign-ups;
- 39% of attendees were net new accounts;
- 34 sales-qualified opportunities;
- 5 new customers immediately converted with LTV of over $100k each (normally a 9 to 12 month sales cycle).
Serving the customer’s customer as a tactical ABM move
iRidium pulled off a successful five-day virtual marketing summit as an unknown platform by narrowing down their target customer.
iRidium shaped the ICP for their virtual summit around system integrators, excluding another customer segment: end-users.
Why?
Integrators were interested in quality and margins, a more lucrative problem than end-users searching for a solution with the lowest price. This allowed them to focus on one audience’s specific needs.
iRidium narrowed their audience into five segments:
- Best customers;
- Members of the target account buying community;
- Thought leaders;
- Partners;
- Media and industry publications.
To attract speakers from companies like Microsoft and MTS Intercom, iRidium was generous in their approach. Speakers could choose to speak on any subject, as long as it served that day’s topic.
iRidium had a well-defined promotion process for their own product, but it took a back seat to sharing expertise. This was a more attractive model for speakers, and encouraged them to invite their customers.
Warming up prospects is critical for ABM success, even for virtual events. iRidium interviewed speakers on their podcast before the summit, spreading the word and increasing signups.
Post-summit, iRidium kept in touch with their top prospects and scheduled webinars. Fullfunnel’s Andrei Zinkevich says on follow-ups:
“Running an ABM campaign without an activation play is like folding on a royal flush: You’re leaving a lot of money on the table.”
iRidium invited top tier accounts to product demos.
To avoid pipeline burnout,…
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