Building the Foundation to Measure Account Based Marketing
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Transcript of Building the Foundation to Measure Account Based Marketing
Sumo Logic Confidential
Saad Hameed
Building the Foundation to Measure Account Based Marketing (ABM)
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LinkedIn: http://j.mp/SaadHameedTwitter: @SaadVirtus https://twitter.com/SaadVirtus
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Applications, Mobile
Webservers, Email, Clickstream
Security Devices, Desktops
Networks, Servers, Hypervisors
Internet of Things
Real-Time Data Streams
MasterYour Data
• Development & Operations
• Compliance & Security• Business & Customer
Insights to Drive Continuous Innovation
Sumo Logic: Continuous intelligence for the modern software centric company
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The Demand Equation
• 300+ Employees; Marketing team size is 24
• Many routes: Field Sales, Inside Sales, Self-Subscription, and Partners
• Prospects range from Fortune level to startups across most verticals
• Channels ranging from SEM, Organic, Social, Syndication, Sponsored Webinars, Tradeshows, Field events, User Groups, etc.
• ABM is crucial for penetrating Mid-Market and Enterprise
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= takeaways
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The Complex Nature of B2B Measurement
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Measurement Of Programs Adds To Complexity
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Why ABM Compounds Complexity
Entity Complexity(Contacts, Accounts, Leads, Opportunities)
Purchase Complexity(Interactions, Channels, Offers, Purchase cycle)
Traditional B2B
Advanced B2B
B2CLOW
HIGH
HIGHLOW
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Key Metrics for ABM
• The conversion rates of cohorts• The velocity of cohorts• The resulting outcome of customers and revenue
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3 Steps To Success With ABM Measurement AND
Get It Right From the Start
1. Create a marketing taxonomy
2. Build solid tracking foundation for all buyer interactions
3. Identify marketing impact on pipeline (including ABM Programs)
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#1: Create a Marketing Taxonomy
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Creating a Taxonomy For Marketing Based On the Context of Your Company
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Key Takeaways: Marketing Taxonomy
• Understand and map your marketing channels
• Find technologies to fill gaps in data and execution per channel
• Align with your sales and finance teams from the beginning
• EDUCATE, EDUCATE, & EDUCATE
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#2: Build Solid Tracking Foundation For Buyer
Interactions
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Build a Robust Tracking Layer Across All Channels• Audit existing tracking for digital channels; make no
assumptions
• Select solution totrack and measure multi-channel influence & impact
• Build tracking for the first behavior/channel that brings prospects to your funnel (before the form fill)
• Track offline touchpoints like field events, mail, etc.
• Track ABM Programs with unique identifiers
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Key Takeaways: Tracking Foundation
• Build Data Quality dashboards to scale implementation/roll-out
• Verify data entry and exit points to verify there’s no delta (as an example for Click to Chat leads, both Chat system & CRM have same number of touchpoints)
• Track sales efforts (e.g. email, calls) to give proper credit
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#3: Measure marketing impact on pipeline/bookings (including ABM Programs)
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Measure Multi-Touch Marketing Impact
• Establish an Influence Measurement logic that aligns with the context of the market situation and objectives of the Corporation
• Zoom out to holistically understand marketing impact on conversion and revenue influence
• Measure impact of ABM programs to non-ABM Programs
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Measuring ABM with Bizible TouchpointsNot real data, for
simulation purposes only.
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Measuring ABM with Bizible TouchpointsNot real data, for
simulation purposes only.
ABM Channel
ABM Channel
ABM Program
ABM Program
ABM Program
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Comparing Channel PerformanceNot real data, for
simulation purposes only.
Events & Conferences
Paid Search
Organic Search
[ABM] Mailer
[ABM] Outbound Calling
Social
Marketing Channel
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Keys to Building Foundation to Measure ABM
• Agree on and build, a robust taxonomy• Use touchpoints as the standardized measurement for
tracking• Connect online and offline marketing channel data• Adopt multi-touch influence solution and logic for
channels• Look at impact conversion (lead to opportunity, win
rates, etc) and influence (revenue) to determine value• Measure ABM against other programs
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[email protected] Questions?