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What is Account-Based Experience (ABX)? The evolution of ABM

To win big accounts and deals, and when we say big, we mean the 20% of accounts that will generate 80% of our company’s turnover, B2B companies need to adopt an account entry strategy. We need to land and expand within them until we win the first deal, and then continue expanding to gain more ground within our new client. This is not easy, it takes time, resources, methodology and patience. Due to the complexity of this approach, account-based strategies emerged to guide us through the process.

We invite you to read this article and discover what the world of account-based sales and marketing is all about.

 

Account-based strategies: why do they arise and what are their differences?

According to Google Trends, interest in Account-Based Marketing continues to grow, and as it grows, it also evolves. In this evolution and also due to the constant need of B2B companies to abandon the “silo” way of working, in which areas within the company work in isolation and treat information in a disintegrated manner, Account-Based Experience (ABX) was born. This strategy treats all the information and interactions argentina telemarketing collected throughout the customer life cycle in a comprehensive manner, orchestrated by marketing, sales, operations and customer service teams. The objective for companies that implement an ABX strategy is to achieve a better experience for buyers and an optimization of closing ratios and improve customer loyalty.

This strategy is a natural evolution of the ABM and ABS strategies that are already well-known. We already know, there are many acronyms, all similar and you want to clarify. Here we will review the terms that you have surely already heard, and we will see their similarities and differences.

  1. Account-Based Marketing (ABM)
  2. Account-Based Selling (ABS)
  3. Account-Based Everything (ABE)
  4. Account-Based Experience (ABX)

 

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What is ABM or Account-Based Marketing ?

ABM is a business marketing strategy that focuses resources on a set of target accounts within a specific market. It uses customized campaigns designed specifically for each account, basing the marketing message on the specific qualities and boost your leadership in high-performance teams needs of the account. It is essential in ABM that sales and marketing teams align from the beginning to create campaigns relevant to their audience and achieve the main objective of adding them to their customer portfolio.

 

What is ABS or Account-Based Selling?

Account-Based Selling Instead of approaching people as leads and hoping they have the motivation to buy from you, you identify accounts first and then identify multiple   potential stakeholders and decision makers to contact.

For example, we focus on the “acme” account and within. It we will identify the people who occupy the roles that. We need to cover to close the deal (the person who decides, the one who manages the budget. The one in charge of legal, the one who blocks, etc.).

Within HubSpot you can manage all of this through the Target Contacts/Accounts tab.

 

Image: HubSpot.com

 

What is ABE or Account-Based Everything?

Account-Based Everything is the coordination of personalized marketing, sales development, operations, and customer success to drive mobile number list engagement and conversion for a specific set of accounts. The primary focus is on the entire lifecycle, from marketing onboarding to sales and customer success/account management.

As a result, account-based alignment extends across the entire organization, including finance, product development, engineering, and the executive team.

 

What is ABX or Account-Based Experience?

However, this strategy is similar to the one mentioned above, in Account-Based Experience (ABX) the main objective is to offer a positive buying experience. ABX is a fundamental, customer-centric rethinking of how companies go to market. They combine the power of inbound marketing with the precision and targeting of account-based marketing. Rooted in an intense focus on the customer at every. Stage of the buying cycle, using intelligent information to know when. And how to engage and what to say to each one within each account.

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