The Marketing Book Podcast

452 Account Based Growth by Bev Burgess

4 snips
Sep 8, 2023
Explore strategies for sustainable growth through deepening executive relationships in B2B companies. Learn about leveraging existing customers and Pareto's law for profitable growth. Uncover hurdles and insights on prioritizing key accounts for long-term success. Discover the importance of nurturing key accounts and reallocating resources for effective growth. Understand the significance of strong customer relationships and data in account planning. Emphasize CEO and C-suite support in top accounts for accelerating sales cycles and partnerships.
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INSIGHT

The 80-20 Revenue Principle

  • Many B2B companies earn over half their profit from just about 3% of their customers.
  • This 80-20 customer revenue imbalance is fractal, repeating into smaller subsets of accounts.
INSIGHT

Grow Large Accounts Strategically

  • Defending large accounts is not enough; companies must invest to grow their share of wallet.
  • Even a 50% growth in revenue can still leave significant upside in these accounts.
INSIGHT

Customer Segmentation is Missing

  • Most companies lack segmentation around customers, focusing instead on product or geography.
  • This inside-out mindset inhibits recognition of the true customer value.
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