Buzz or Bust: Account Based Marketing?

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Public domain image from pixabay.com
Public domain image from pixabay.com
An enduring factor or a passing fad? We asked some honored laborers in the marketing tech trenches to give us their thoughts on some of the buzzwords (and phrases) of 2016. Let's play Holiday Buzz or Bust: Account Based Marketing.

Lewis Gersh ("Chief Stamp Licker" at Pebblepost): ABM is driven by the increased desire for personalization. Consider 46% of consumers said the number one benefit of personalized advertising was reducing irrelevant ads—and business decisions are made by multiple layers of decision makers (a.k.a. consumers).

Daniel Incandela (SVP Global Marketing at ReturnPath): This is so close to being the “real deal” and could still be a game-changer. But ultimately, success from ABM relies on having strong, trustworthy organizational data and smart analysts to determine the execution strategy. Until companies do a better job of prioritizing data quality and analysis, ABM will remain out of reach for most.

Peter Isaacson (CMO at Demandbase): ABM has allowed marketers to get away from only tracking CTRs, MQLs and website clicks and instead focus on how much marketing contributes in pipeline and bookings. In 2016 we saw explosive growth in ABM acceleration and adoption, with more than 70 percent of B2B companies focused on driving ABM programs. In 2017 continued advances in data quality will only make ABM stronger and more explosive.

Justin Shriber (head of marketing at LinkedIn Sales Solutions): ABM will continue to gain prominence in 2017 for two main reasons. First, companies are becoming more sophisticated at determining the long term value of customers and are therefore more willing to invest at an account level in targeted sales and marketing efforts.  Secondly, as companies delegate decision making to a broader set of stakeholders who are dispersed over a wider geographic area, marketing and sales organizations will need to more effectively canvas accounts in order to influence everyone involved in purchase decisions and long term relationships.

Verdict: On balance, it's a buzz going forwards.

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