Account-Based Marketing- How to Spot Potential Customers with Focus on Verticals

Have you ever looked at a target account list for a Business Development Representative? How often does the list comprise of the top 100 accounts in the territory, based on revenue? The Business Development Representative likely pulled a list from InsideView, Hoovers, or maybe the local Book of Lists and called it a ‘target’ list.

Refining your target list based on metrics valuable to your company’s success is the first step in account-based marketing.

At present, the data points that I use to determine potential clients for the services provided by Altudo, include the following

1. Current Technology

2. Time since last major improvement

3. Revenue

4. Growth Rate/Investment

Mark asked me if I understood the vertical(s) that our company does well. Not just the ones that we have done business in, but also the ones we can show success and understanding. Thereafter, create a story, focus on building continued success and using it to break into new markets.

Based on the data, select at most - 3 products or services for content creation. Start with creating the following forms of content.

How to determine the vertical(s) to focus on:

1. Number of accounts in the vertical

2. Number of referenceable accounts in each vertical

a. Customer satisfaction rating (if documented)

3. Average per customer in each vertical for the following

a. Revenue

b. Order Size

c. Number of Orders

d. Gross Profit

e. Retention Rate

You may be surprised by what you find.

Which vertical is better? A vertical with a high-profit margin, order size and low number of orders, or a vertical with low profit, below average order size, large number of orders, high revenue?

Companies may prioritize each data point differently. However, your team should determine the priority before collecting and analyzing the data.

Our Next blog post talks about   "Creating Vertical- Focused Content for ABM" .