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Account-based marketing plays a critical role in the growth of many businesses across a variety of industries. However, many marketers often rely on ABM when it may not be the best fit. In addition, what worked for account-based marketing even just a few months ago, may not be the most optimal strategy for marketing today. In this article, we’ll explore how account-based marketing has changed over the years and whether or not it should be your focus. We’ll also explore in detail the many factors you need to consider to do ABM right. Account-Based Marketing (ABM) isn’t new
While reading a book called “ No Forms, No Cold Calls & No Spam ” by Latané Conant, I came to the realization that many vendors try to position ABM as a $40,000 technology stack problem. The book dedicates quite a few pages to the ‘customer-centric stack’ and argues that because you’re now able to know when someone is in the market for a solution like yours [via IP lookup or 1st or 3rd party intent data], you don’t need to “spam” them. Here’s the irony though— even though potential customers may be in the market for a solution like yours, you still need to deploy the traditional sales/marketing strategies to convince them to make a purchase. While it is true that technology has enabled us to create more personalized & relevant experiences for prospects & allowed us to target people in very specific ways, it can also quickly approach the point of diminishing returns. The marketing industry, like most industries, like to invent new terms to recycle old concepts. And in the case ABM, that’s exactly what has happened. Account-Based Marketing has in fact been around since the 1940s. When sales made a list of logos they wanted to sell, or the list of ‘dream customers’ to close. In those days we just called it sales. The concept remains the same today with modern ABM—we want to sell to a list of ‘dream customers’ more commonly referred to as target accounts. So what’s the difference between sales and account-based marketing? Technology has both enabled us and added needless complexity to the process. Dave says it best (who ran ABM at Marketo & Bizible)
What is account based marketing? At the core—ABM is smart outbound. Marketers use different ‘signals’ to determine which prospect is in-market for a solution. ABM is the process of trying to determine which accounts fit your ICP & are currently in the market based on a variety of factors, such as visiting certain websites or heavily involved in researching for solutions. The book, “No Forms, No Cold Calls & No Spam” does not explicitly say it but, the signals you capture during AMB feed into an outbound email sequence or ads to get someone to your website and fill out a form. The fact that a prospect is in-market for a solution like yours does not by any means imply or guarantee they are going to buy your particular solution. Of course, you need to email & call & ‘spam’ prospects. They won’t magically show up at your doorstep and sign a $100K cheque. Choosing the right customers to target is the foundation of any effective marketing strategy. Who does ABM make sense for? If you’re selling B2B, you know it’s a wide and competitive market. As a company selling to other businesses, you can be selling a relatively straightforward piece of technology “off the shelf” to small businesses to the end-user who is also paying for it. In that case the amount of money a customer pays you is low, but you sell at a higher volume so you sell more but at a lower price. The way you sell & market will be different. Compared to selling sophisticated software bundled with professional services to large enterprise companies (Fortune 500) which involves navigating a lot of complexity in the buying cycle. For example, multiple departments and the person(s) buying the software are not always the only people who will use it today, the people paying for it are often neither users nor buyers (procurement.) In this scenario, the customer is paying a few hundred thousand ($100,000+) but you have a low volume, high ticket price + addons. Again, the way F500 buy software is very different from the way you & I pay for productivity tools or how small businesses buy software. This distinction is something many marketers often mix. In most cases, ABM should not be a standard go-to-market (GTM) strategy. Sorry, but ABM is not B2B, nor is it right for all markets, business models, or companies (just like every company should not be running freemium aka PLG for acquisition.) Which brings us to our next question:
Is ABM right for your business? Is ABM right for you? The rule of thumb I follow is:
Small TAM & High ACV > $30,000: In this range ABM likely works because there’s a narrow set of accounts you can go after. For example, Guestlogix sells to airlines, where there’s a finite # of customers & they are higher ACV ‘enterprise’ customers with higher retention. The higher ACV or value of a customer justified a more high touch & expensive campaign to convert a customer—like buying billboards around airline offices & conferences. Larger TAM & Small ACV < $10,000: This range relies on primary inbound and Demand generation GTM because the market is big enough & there’s likely existing solutions & demand that you can use to deploy SEO, social, and content. The lower ACV also means the switching costs are low, churn is likely higher & the lifetime value of a customer is lower. You want to deploy low-touch campaigns to convert a higher volume of customers. That’s a high level view, now let’s walk through an example scenario for each:
Most B2B sales cycles are account-based and not end-user-based. Borrowing from the example above—with SMB buying cycles, the customer worth is lower & the complexity & requirements aren’t sophisticated. In this case, you can do high-velocity sales or self-service— and let customers self educate & self onboard without the need to talk sales because it’s straightforward enough no additional help is needed. In most cases, this model is also beneficial for the company because a lower price point doesn’t leave much room to support a complex sales & marketing process—hence keeping the costs of selling low & leaving margin for profits. This is why you’ll typically see companies in this market running inbound/freemium to acquire customers..
On the other side of the coin, With a F500, the needs are very complex (SSO, Compliance, Security, SLA .. ) but the customer is also worth a lot more on a lifetime & annual contract value basis. Since it’s a more complicated buying cycle— this means there’s more ‘overhead’ involved in selling & marketing the product. Consider the complex sales infrastructure, long sales cycle, marketing teams to help move to generate interest. As a company—there’s more room to have the infrastructure to support these sales & post sales activities because each customer pays a significant amount of money to help cover the overhead & cost of goods. In this case, it makes more economic sense to invest more to acquire a customer because the net worth of a customer is much higher. This is where you’ll see more ABM plays. Selling into a larger organization involves different stakeholders. And to sell into an account you need a beachhead [to borrow from Crossing the Chasm] that is one person or department to get the first foot in the door.’
Marketers can be self-centric
In my experience, marketers like to give themselves too much credit. We like to think we drive the business forward more than we actually do. Any business has a lot of moving parts, and marketing is just one part. In the case of ABM— it’s actually more accurate to say ‘outbound sales’ with marketing playing a supporting role function. ABM tech vendors want to win all of the awards to help them sell more customers and create “FOMO.” Technology has enabled us to create better and more relevant experiences for prospects and allow us to target people very specifically. Think Facebook ads based on demographics & interests & improved attribution down to every single click. But as I mentioned in the intro, it can quickly approach the point of diminishing returns. The core challenge of ABM is finding the right accounts. Sounds simple. Unfortunately, this is the part of the practice that does not get the attention it deserves. It is the unsexy work—slicing & dicing your customers (not literally) to find common patterns such as industry revenue, location, and finding more companies that fall into a similar bucket. ABM Technologies Landscape
As with martech, the landscape of vendors providing ABM tech is almost endless. There are traditional CRM / MAP tools that can be jigged for ABM or new-age solutions that need to be integrated into your CRM, to be valuable. Then there are the systems trying to be the all-in-one solution. The irony (for most 3rd party tools or “next gen Martech tools’) is you still need a CRM or MAP and sales automation to run it with. It’s always in addition to your tech stack & an additional cost on top of everything else. Here’s a breakdown of a few:
DemandBase: More of an all-in-one tool, DemandBase is trying to become the CRM / MAP for ABM teams (but you still need a CRM like Salesforce & Marketing Tool like Hubspot)
Here’s what it does account for:
Lookalike modeling [give it a set of accounts & it’ll find more accounts like it]
IP lookup
6sense
Terminus is more focused on the ads side and helps to deliver display ads to the right accounts through a mix of 1st & 3rd party cookies & IP. They’ve recently added the ability to create lists & manage accounts inside the platform but you still need to plug it into a CRM. Engagio [RIP] was one of the original ABM vendors which started combining different data streams & actions into a single platform like ads & communications along with contact & firmographic data. Engagio was one of the first to talk about the new ABM but had mixed reviews in the market. Most of these tools start in the $40,000 – $60,000 range annually. ABM doesn’t require a separate technology stack
Now you might be wondering, that’s a lot of stuff, do I really need ALL of those things to do account-based marketing? The short answer is no. You don’t need any tech to do account based marketing. In fact, if you’re running outbound campaigns you are probably already doing some shape or form of ABM. To get started, sit down with your Sales & CS teams to understand who is your best customer. Schedule some customer interviews & get a sense of why they buy your solution & what the value is—this is table stakes for any good marketing & product strategy. Identify what category you want to focus ABM efforts on. The different flavors of ABM
1: 1 —> High value accounts (high ACV) where a lot of effort is focused on winning specific accounts. This can mean small private events just for that account, direct mail. Custom ebooks/webinars & highly targeted ads & marketing (i.e. a billboard in front of a HQ location). Few —> Segmenting accounts by a common denominator (such as geo, industry, vertical, use case) & structuring your marketing around those common themes instead of creating one off custom assets & campaigns. Many (demand generation) —> Some folks also consider 1:Many as a type of ABM (to me that is demand gen). Example is programmatic ABM Ads (IP Based) vs Search/Social Ads (Intent/Interest based)
Depending on your target market—you may want to deploy 1:1 ABM. As you think about your ABM strategy—think strategically about appropriate technology stack to support your efforts. Now the $60,000 question is—do you need to invest in something like 6sense or can you build your own stack with point solutions? Our thesis is that you can use point solutions to build your own stack aka the $500 ABM Stack without investing in all-in-one expensive tools that vendors want you to buy (but that’s for another post.) When considering your options, here are some things you should consider. Reverse IP Lookup
This is used to determine who is anonymously visiting your website. Typically with most marketing & sales systems, you need the prospect to become a ‘known’ contact via form fill. When someone lands on your website where there’s tracking code (for example Hubspot) the javascript will drop a browser cookie. The cookie is tied to the browser & tracks their activity on your website as an anonymous visitor. Once they fill out a form (using the same browser & not having cleared cookies) the cookie is then associated with the contact created in your CRM—and it de-anonymizes all their activity from when they first landed on the site to the point where they fill out the form & activity. What is happening is that Hubspot says— Cookie ID 16261XTY is now Kamil Rextin and from that point forward all activity from the same browser is associated with me. However only 3-10% of people will fill out a form on your site & at any given time—so what about everyone else? You can IP look up tools to de-anonymize the activity. Now keep in mind that this is not tied to an individual—rather it’s based on a company. How these tools typically work is they have a DB of known IP addresses & their associated companies + third party cookies & triangulation & associated people. They then use the IP address coming to your website and try to match to a database of known ‘companies & people’. Caveat, if people are working from home—using LTE or 4G—most of these tools won’t work so it’s important to take that into consideration
Ads
With ABM and ads you’re predominantly a list of ‘target accounts’ or companies you know will most likely buy based on your research. Targeted advertising as an effective way to get your message in front of the right people inside these companies. A perfect example of this is company targeting on LinkedIn—you can create a campaign on LinkedIn to target employees at a specific company. Outside of walled gardens of paid social—tools like Terminus, Listenloop, and DemandBase leverage IP and cookie based matches to deliver ads to the right accounts. You can also use Google Display and DSPs to create custom audiences & geofence ads around company locations without shelling out $5K/mo for something like a Terminus. Remember ads don’t just mean online—if you’re targeting a large account, you can buy physical billboards in their office vicinity, do print ads or buy sponsored slots on podcasts for example, that is heavily consumed by the audience. Most notably a tool like Listenloop will plug into Salesforce and sync with account lists and share relevant data such as ad metrics such as impressions and clicks. Account List and Data Enrichment
This is important for multiple reasons— but imagine that you’re trying to sell to the VP Operations at a big pharma company but have no idea what their name is. Second, you’ll want to know everything you can about big pharma company HQ, their revenue, and other relevant information. Third, if you want to do prospecting right, you’ll want to have to have their direct contact info enrichment data to customize your approach. You can also use enrichment data to personalize web experience, shorten forms, build better custom audiences and so on. Direct Mail
Finally, direct mail plays an important part in ABM but is often underutilized. Because most of our lives are online, a nice letter or a gift in the mail can really get someone’s attention. There’s multiple ways to approach direct mail—depending on the strategy and investment— you can send cupcakes & cookies (always a crowd pleaser) or do research on what your prospect likes, where they went to school, what their hobbies are and create a very customized package. There’s vendors like PFL, Sendoso, and Alyce that automate this process & will integrate with Salesforce, that with a ship of a button they will source, ship and deliver a package to your prospect. With a Salesforce integration they can alert reps when packages are delivered & you can do things like add to campaigns or add activity to calculate the incremental lift in pipeline from direct mail. A massive opportunity for many. Conclusion
While account-based-marketing is not for every type of business, it can be an incredibly lucrative strategy when done right. You don’t have to invest tens of thousands of dollars to see a strong return on your investment. Consider whether account-based-marketing is actually a viable strategy for your business. Ensure your tech stack works well with your outbound marketing strategy based on your budget and goals. When moving forward with an account based strategy, take time to consider the impact of account reverse IP lookup, ads, account list and data enrichment, and even direct mail. Author’s note: Special thanks to Erin Stripe, a Toronto-based freelance content marketer and proud generalist for help with the post.

The Modern Approach to Account Based Marketing

January 16, 2019
Source: Integrate
Integrate , a demand orchestration platform, has acquired ListenLoop , an account-based programmatic advertising platform. Terms of the deal were not disclosed. The company also unveiled a new solution powered by ListenLoop that is designed to connect programmatic ABM and demand generation. The solution aims to help B2B marketers increase the quality and quantity of target account leads to accelerate revenue. Features for the new solution include:
Account-based targeting: enabling users to centralize target account list data from ABM, predictive analytics, MAP and CRM systems all within the Integrate platform;
Account-based engagement: users can deliver personalized display ads to target decision makers;
Data integrity services: automate the ABM lead data verification process; and
Real-time ABM measurement: measure and optimize demand generation and account-based programmatic campaigns. According to Integrate, ListenLoop employees will join the company as part of the acquisition. This includes ListenLoop Co-Founder and CEO Rodrigo Fuentes, who will take on the role of VP of Product and Programmatic, and Co-Founder and CTO Sandeep Arneja, who will serve as VP of Technology and Programmatic. "B2B marketers are frustrated by their inability to prove ROI from their programmatic investments," said Jeremy Bloom, Founder and CEO of Integrate, in a statement. "Connecting programmatic to pipeline added the value and insight that our marketers were looking for. Acquiring ListenLoop marks the first step in our journey to build a best-in-class ABM capability and represents a key part of our broader vision to orchestrate the top funnel for B2B marketers." Tagged under

Integrate Acquires ListenLoop, Combines Programmatic ABM & Demand Gen In New Solution

ZPE Systems Announces Initial List of Virtualized Network      Function (VNF) Applications for Nodegrid Services Router and Nodegrid      Bold SR Solutions
January 24, 2019 11:30 AM Eastern Standard Time
FREMONT, Calif.--( BUSINESS WIRE )--ZPE Systems, Inc. announced today its initial list of 3rd-party      Virtualized Network Function (VNF) and Docker applications for use with      the company’s Nodegrid Services Router and Nodegrid Bold SR - VNF’s      expand upon the capabilities of the Nodegrid SR family of solutions,      allowing users to run additional applications on top of the networking      hardware. Firewalls, routers, SD-WAN and IoT Docker applications from      providers such as Fortinet, Juniper, HP, SAP, Checkpoint, 6Wind and more      have been validated for ZPE’s Nodegrid SR family of solutions for the      edge and remote/retail offices. ZPE’s Nodegrid SR family of products are open infrastructure management      solutions based on an x86-64 bit CPU and Linux OS. They lead the way as      the next-generation of Out-of-Band (OOB) and CPE platforms, integrating      both physical and virtual network services. “The Nodegrid SR series continues to evolve at a rapid pace,” said      Arnaldo Zimmermann, CEO of ZPE Systems, Inc. “With virtualization and      container applications from some of the industry's top providers having      already been tested on our CPE platform, we are able to offer our      customers a bespoke user experience and allow for rapid scalability and      deployment of new managed services.”
“We want to change the way networks are being built and managed;      virtualization allows our customers to do exactly that,” said      Zimmermann. “They [VNF’s and Docker] grant users the ability to do more      on the network by integrating virtualized network functions on top of      physical networking hardware solutions.” The Nodegrid SR family of      solutions blend CPE networking capabilities with the security      requirements of out of band management and edge infrastructure into a      powerful and flexible platform. Nodegrid Services Router and Nodegrid Bold SR are readily available      today and will be on demonstration at Cisco Live! Barcelona from January      28 - February 1, 2019. Demonstrations are available upon request      directly through ZPE Systems. About ZPE Systems, Inc.
ZPE Systems is rethinking the way networks are built and managed by      providing software-defined, vendor-neutral infrastructure management and      networking solutions. ZPE Systems’ Nodegrid® platform consolidates, organizes, and simplifies      the need for a complete remote access and control solution; Nodegrid      solutions address the OOB management needs of the data center, unifies      edge networking environments, manages converged infrastructure and      provides intelligent automation. ZPE’s smart, consolidated IT management      solutions reduce downtime, deliver OPEX savings, and extends the reach      of IT workforces. ZPE’s global headquarters is located in Fremont, California with offices      throughout the US and globally in Ireland, India, Brazil and Japan. ZPE Systems, the ZPE logo and Nodegrid are registered trademarks of ZPE      Systems, Inc.
To learn more, visit http://www.zpesystems.com
All product names, trademarks and registered trademarks are property of      their respective owners. All company, product and service names used in      this press release are for identification purposes only. Use of these      names, trademarks and brands does not imply endorsement.

ZPE Systems Announces Initial List of Virtualized Network Function (VNF) Applications for Nodegrid Services Router and Nodegrid Bold SR Solutions

January 16, 2019
The Acquisition Blends Programmatic ABM with Demand Orchestration for B2B Marketers to Improve the Quality and Quantity of Potential Leads
Integrate’s leading demand generation platform will double in strength as it acquires programmatic ABM capabilities of ListenLoop . Immediately after the acquisition, Integrate announced that it has already released a Programmatic Account-Based Marketing Solution for the B2B marketing community. Through this initiative, Integrate wants marketers to increase revenues for their brands by targeting a high number of quality leads. With the acquisition, Integrate has validated its long-term ambition of expanding its B2B SaaS inventory in order to encapsulate very critical marketing channels to propel brand success. Customers of the Integrate platform can now execute, manage, measure and connect programmatic with demand generation, closing the gap between accounts and contacts. “B2B marketers are frustrated by their inability to prove ROI from their programmatic investments. While impressions and clicks are a cursor for engagement, the real ROI comes from understanding marketing’s contribution to revenue,” said Jeremy Bloom , Founder and CEO of Integrate. “After running an extended private beta with Dell and some of our other large B2B customers leveraging ListenLoop and Integrate, it became crystal clear that connecting programmatic to the pipeline added the value and insight that our marketers were looking for. Acquiring ListenLoop marks the first step in our journey to build a best-in-class ABM capability and represents a key part of our broader vision to orchestrate the top funnel for B2B marketers,” Bloom added. Marina Lemas , Integrated Demand Marketing at Gigamon, said, “We were looking for a partner to help us push our programmatic ABM to the next level, aligning brand awareness with demand generation. The Integrate platform is unlike any other solution we evaluated, and we couldn’t be more excited to kick things off. Integrate is going to be a key part of accelerating our ABM and overall digital strategy moving forward.”
While programmatic advertising is a brilliant way to raise awareness in targeted accounts, it isn’t always a go-to method to generate opt-in leads for sales. Hence, one vital factor of the acquisition is that now Integrate can enable marketers to deploy programmatic abilities across multiple channels in order to generate high-quality opt-in leads. Other key features of the acquisition are:
Account-Based Targeting
Integrate customers can centralize target-account list data from ABM, predictive analytics, Marketing Automation and CRM systems within the Integrate platform. Account-Based Engagement
Integrate’s customers can now increase brand consciousness among targeted accounts through personalization. These engaged decision-makers can be converted into qualified leads through branded content — this content can be syndicated by more than 150 of Integrate’s third-party media partners. Data Integrity Services
Integrate automates the process of ensuring ABM lead data is accurate and complete before being fed into the CRM or the Marketing Automation systems. Real-Time ABM Measurement

Integrate Acquires Listenloop and Widens Its Demand Generation Offerings

Most B2B marketers – more than 60%, according to Dun & Bradstreet – spend on programmatic advertising. But when trying to connect their programmatic investment to actual leads generated down in the funnel, they hit a wall. To help them break through, Integrate, a mar tech and data orchestration platform for B2B marketers, is acquiring ListenLoop, a programmatic self-serve software platform centered on account-based marketing. The acquisition, announced Wednesday, is Integrate’s first foray into M&A. Jeremy Bloom, Integrate’s CEO and founder, declined to share the deal price, but said ListenLoop’s 25 employees – composed mainly of engineers – are coming aboard, bringing Integrate’s total headcount to around 225. B2B marketers spend their ad budgets on three primary categories: demand generation to drum up qualified leads for the sales team (aka, Download this white paper! ); events (aka, Let me scan your badge!) and programmatic account-based marketing (aka, Check out my pre-roll ad!). Account-based marketing, B2B marketing’s answer to audience-based targeting, allows marketers to hit specific accounts or domains with personalized messaging or discover new companies to target based on who is engaging with their advertising. “But there’s a disconnect between the top of the funnel and the bottom of the funnel,” Bloom said. “The KPIs for programmatic are things like ad engagement or click-through rate – not creating pipeline.”
And for B2B marketers, not being able to prove pipeline creates an awkward situation. They’re spending millions on programmatic, they think it’s working, but their dubious CFOs want them to prove it. With ListenLoop, Integrate is launching what it’s calling a programmatic account-based demand generation solution. In other words, it’s a self-serve platform that lets B2B clients track ROI from programmatic all the way down to sales-qualified leads. Marketers upload their target list of accounts into Integrate, which uses ListenLoop’s technology to populate top-of-the-funnel advertising efforts. The targets also flow down to demand generation partners at the bottom of the funnel. Marketers can then create and track campaigns to engage users and nudge them down the funnel until they turn into the kind of hot lead that the sales team needs to know about. When Integrate beta tested the solution with clients, including Dell and cybersecurity company Gigamon, it compared results for running programmatic campaigns, running demand generation as a standalone and doing both at the same time. “We saw an increase in pipeline opportunities when the two were connected, a more intelligent view of where we should be spending the next marketing dollar and more velocity in the lead-to-close time,” Bloom said. “And that’s just because we’re getting smarter about what accounts are in market at what period of time.”
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Integrate Buys ListenLoop To Help B2B Marketers Link Programmatic To Demand Gen

SymCom

Acquired

ListenLoop helps product teams build products by empowering them with both qualitative and quantitive customer feedback at the speed that they need. ListenLoop is an agile customer conversations tool. By using in-app questions triggered by customer behaviors, ListenLoop helps companies listen to customers so that they can make better product decisions.

Date	Round	Amount	Investors	Revenue	Sources
1/16/2019	Acquired		Integrate	0 FY undefined	3
7/22/2015	Unattributed	$99M	Subscribe to see more	0 FY undefined	10
1/29/2015	Debt - II	$99M	Subscribe to see more	0 FY undefined	10
3/26/2014	Seed	$99M	Subscribe to see more	0 FY undefined	10
3/10/2014	Debt	$99M	Subscribe to see more	0 FY undefined	10

Date	1/16/2019	7/22/2015	1/29/2015	3/26/2014	3/10/2014
Round	Acquired	Unattributed	Debt - II	Seed	Debt
Amount		$99M	$99M	$99M	$99M
Investors	Integrate	Subscribe to see more	Subscribe to see more	Subscribe to see more	Subscribe to see more
Valuation
Revenue	0 FY undefined	0 FY undefined	0 FY undefined	0 FY undefined	0 FY undefined
Sources	3	10	10	10	10

First funding	Last Funding	Investor	Rounds	Board Seats	Type	Location
1/16/2019	1/16/2019	Integrate	1 Acquired		Corporation	Arizona
00/00/0000	00/00/0000	Boost VC	Subscribe to see more		Incubator/Accelerator	California

First funding	1/16/2019	00/00/0000
Last Funding	1/16/2019	00/00/0000
Investor	Integrate	Boost VC
Rounds	1 Acquired	Subscribe to see more
Board Seats
Type	Corporation	Incubator/Accelerator
Location	Arizona	California

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ListenLoop

Total Raised

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ListenLoop Funding, ListenLoop Valuation & ListenLoop Revenue

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