#186: Strategy | How to Simplify ABM with Mason Cosby, Founder of Scrappy ABM
Oct 21, 2024
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Mason Cosby, founder of Scrappy ABM and an authority in account-based marketing, joins to share insights on simplifying ABM for tangible business outcomes. He emphasizes the importance of starting small with re-engagement rather than overwhelming tech stacks. Mason discusses tracking engagement signals to effectively warm up prospects, treating sales as a marketing channel, and creating personalized campaigns. His framework for ABM programming focuses on aligning narratives and marketing efforts to drive success.
Starting with re-engagement programs is crucial in Account-Based Marketing to simplify processes before transitioning to more complex strategies.
Aligning marketing efforts and treating sales as an integrated channel significantly enhances engagement and prepares prospects for successful outreach.
Deep dives
Maximizing Website Conversions with Calendly
Integrating Calendly on websites can significantly enhance user experience and streamline the process of converting leads to sales. By utilizing Calendly, businesses can eliminate the cumbersome follow-up procedures traditionally associated with B2B sales. Instead of waiting for leads to engage over email, potential customers can directly book meetings with the appropriate sales representatives while still browsing the website. Companies like Smith.ai and Catalan have reported impressive increases in bookings and conversion rates by implementing this strategy, underscoring the effectiveness of Calendly in driving revenue.
Navigating the Challenges of Account-Based Marketing (ABM)
Implementing an Account-Based Marketing (ABM) strategy is often more complex than it appears, as it requires significant organizational changes and alignment between sales and marketing teams. Many companies may struggle with moving beyond the basic idea of ABM to actually executing personalized content initiatives due to the required coordination and resources. The reality is that successful ABM demands a strategic approach that accommodates the differing dynamics of sales cycles and client relationships. Addressing these challenges head-on and sharing 'horror stories' can foster understanding and preparation among organizations looking to adopt ABM.
Identifying Key Factors for Successful ABM Deployment
ABM tends to be particularly beneficial for B2B businesses possessing a dedicated sales team and an average contract value of at least $50,000. Companies with clear product-market fit, ample expansion opportunities, and a targeted approach in their sales efforts stand to gain the most from an ABM strategy. Strategic analysis and clarity about target accounts are crucial as they dictate the structure and execution of personalized marketing efforts. Organizations with lower average contract values should instead prioritize broader demand generation tactics as opposed to implementing intensive ABM initiatives.
The Importance of Strategy in Marketing Tactics
Executing effective marketing tactics should always be grounded in a solid overarching strategy, as opposed to solely focusing on individual tactics like ABM or display advertising. While various channels can yield results, understanding the strategic objective behind each initiative is vital to attaining desired outcomes. Creating content that can tangibly connect with prospective clients based on specific needs establishes the foundation for successful outreach. Ultimately, a well-formulated marketing strategy can bridge the gap between different tactics and unite sales and marketing teams towards a common goal.
In this episode, Dave Gerhardt sits down with Mason Cosby, a leader in account-based marketing (ABM) strategy and founder of Scrappy ABM. Dave and Mason unpack how to simplify ABM, create meaningful engagement, and build personalized campaigns that drive real business results.
Dave and Mason cover:
Why companies should crawl before they walk or run” with ABM by starting with re-engagement programs instead of complex tech stacks.
Why you need to track key signals of engagement and align marketing efforts to warm up prospects before sales outreach.
Why you should be treating sales as an integrated marketing channel.
Timestamps
(00:00) - - Intro to Mason
(05:46) - - Should you be using ABM?
(08:42) - - Breaking down the process — awareness to acquisition
(12:00) - - Why you should be treating sales as a marketing channel
(16:45) - - Insights and data you need for effective ABM
(21:56) - - Distribution strategies
(25:59) - - When to adjust your outreach strategy
(27:41) - - Awareness, engagement, and high-intent follow-up strategies
(31:58) - - Re-engagement vs awareness for ABM
(34:59) - - Why your story and positioning drive marketing success
(36:14) - - Mason’s framework for ABM programming
(39:56) - - Learn before scaling ideas (crawl, walk, run)
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