OnBase: Smashing Sales and Marketing Misalignments Ep. 407 | Frameworks for Super Successful Marketing Strategies and Campaigns
Episode Summary
In this episode of Sunnyside Up, host Joe Delamere interviews Palvi Verma, a marketing strategist with a distinguished career in financial services. Palvi shares her insights on the best practices for establishing successful Account-Based Marketing (ABM) strategies for organizations. She emphasizes the significance of obtaining internal consensus and undertaking thorough preparations, as well as the importance of comprehending customer perspectives and fostering a sense of urgency. Additionally, she offers valuable perspectives on the challenges organizations face when implementing partner models for sales. Moreover, Palvi discusses a highly acclaimed marketing framework that she employed, resulting in remarkable revenue growth from seven to 21 million within a single year. She delineates a comprehensive five-part process for effective marketing initiatives, encompassing the definition of an ideal customer profile, understanding the customer's worldview, identifying their needs, evaluating competitors, and devising a strategy accordingly. Lastly, Palvi elucidates how the art of storytelling and the use of visualization techniques can be instrumental in gaining the support and approval of stakeholders.
About the Guest
With a distinguished career spanning over a decade and a half, Palvi Verma has earned a reputation as a dynamic and visionary Marketing Strategist. Honing her skills with prestigious firms such as Goldman Sachs, JP Morgan, and Accenture, she has meticulously crafted her role within the financial services industry. She currently serves as the Marketing Strategy Leader at Westfield, a fast-growing international insurance company, where she continues to demonstrate her marketing acumen.
Connect with Palvi Verma
Key Takeaways
- 3 key elements for successful B2B ABM practices: internal buy-in, understanding customer worldview, and creating urgency.
- Challenges faced when selling through a partner model include having multiple partners and ensuring they are all on the same page.
- Ensuring that new employees get trained properly and keeping a tight eye on new employee training programs at partner agencies
- Making sure partners understand how the brand is different from competitors without just throwing money at them
- Adopting marketing strategies to maintain a competitive edge in a resource-constrained world.
- Internal buy-in and preparation are crucial for successful B2B ABM practices.
- Understanding the worldview of customers is essential in developing effective marketing strategies.
- ABM's success relies on focusing on key accounts and not constantly adding new ones.
- B2B organizations selling through partner models face challenges in ensuring consistent brand messaging and differentiation.
- Building strong partnerships requires training and aligning partner employees with the brand story.
- Maintaining a competitive edge in a resource-constrained world involves strategic channel selection rather than being present on every channel.
- Identifying underutilized channels can provide a competitive advantage and drive growth.
- Balancing creative thinking with analytical decision-making helps optimize marketing efforts within resource constraints.
- Timing plays a crucial role in gaining buy-in for new initiatives within an organization.
- Building a coalition of champions fosters collaborative decision-making and support for new strategies.
Quote
“You understand that art of standing out, understanding your brand story, and making sure there's a fit there.” – Palvi Verma
Recommended Resources
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Books
Shout-out
Darryl Siryl – Chief Technology Officer at SiriusPoint
Lakshmi Reddy – Venture Partner at Sybilla Masters Fund
Connect with Palvi Verma | Follow us on LinkedIn | Website | Linkedin