5 Amazing Benefits of Account-Based Marketing for Your Business
Looking to grow your business through the right marketing? Find out about the amazing benefits of account-based marketing for your business with our guide.
Over half of companies invest more than 30 percent of their marketing budgets on account-based marketing now.
The “one-size-fits-all” marketing approach is increasingly being dropped by marketers. Marketers are turning to a personalized approach to marketing.
This has become known as “account-based marketing.” Are you eager to learn more about the benefits of account-based marketing?
Check out why account-based marketing strategies are the most effective. Let’s get started!
1. High Return on Investment
If you have a high return on investment (ROI) on your marketing budget, you should definitely take note of the benefits of ABM.
Just increasing your leads isn’t necessarily going to improve your ROI. It’s about bringing in the best leads for your company.
Around 85 percent of marketers say that investments in ABM approaches out-perform other marketing techniques.
Up to half of the marketers say that the difference between ABM and other marketing efforts is significant.
You can learn more about the ABM benefits at MRP.
2. Cost Effective Investment
Marketing budgets are always being squeezed.
You can’t afford to waste money on marketing approaches which won’t be effective either. You want significant results for your investment.
You could be throwing money away on marketing at the moment. ABM allows you to target more effectively.
Time is money. You can save time spent on promoting sales simply by adopting ABM. Surveys show that can reduce this time by up to 50 percent.
3. Increase in Revenue
Ultimately, marketing is about increasing your revenue. If you can’t demonstrate that your marketing efforts are growing revenue, you’re doomed.
Reports say that companies which adopt the ABM approach generate around 200 percent more revenue than the average company.
You may be worried that the growth revenue can’t last. However, companies who use ABM continue to increase revenues more than one year after.
4. Improve Your Brand Reputation
Up to 87 percent of business chief executives say that reputation is “very important” or “extremely important.”
Marketing plays an essential role in improving your brand image. Your company’s reputation among your clients is crucial to your success.
And yet, surveys show that companies that adopt ABM experience up to an 84 percent improvement in their reputation in the eyes of clients.
This subsequently results in an improved relationship between your company and your customer base.
5. Close More and Bigger Deals
ABM can also help you to close bigger and more deals.
Companies who use ABM become up to 67 percent more effective at closing deals.
A further quarter of marketers say that their deals are now more than 50 percent bigger as a result of ABM approaches.
Benefits of Account Based Marketing
Do you suspect you’re wasting your marketing budget? You don’t have to accept this anymore. There’s an alternative marketing approach.
Your company can also enjoy the benefits of account-based marketing.
Once you realize how you can improve your operation with ABM, there’s no looking back. Start investing in ABM today.
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I’m a single mother of 2 living in Utah writing about startups, business, marketing, entrepreneurship, and health. I also write for Inc, Score, Manta, and Newsblaze