Account-Based Marketing Analytics

The

Big 5
Metrics
for

Account-Based

Marketing
Jon Miller, CEO and founder of Engagio

Account-Based Marketing Analytics

Introduction
The rise of account-based marketing is demanding new ways of thinking
about marketing metrics. While leads and opportunities are important
and even necessary, they are not sufficient to measure account-based
marketing (ABM).
Marketers need to embrace these Big 5 Metrics for Account-Based
Marketing:
Coverage: do you have sufficient data, contacts, and account plans for each
target account?
Awareness: are the target accounts aware of your company and its
solutions?
Engagement: are the right people at the account spending time with your
company, and is that engagement going up over time?
Program Impact: are marketing programs reaching the target accounts,
and are they having a long-term effect?
Influence: how are the ABM activities improving sales outcomes such as
deal velocity, win rates, average contract values, retention, and net
promoter scores?

The Big 5 Metrics of Account-Based Marketing

Account-Based Marketing Defined

Account-based marketing is a strategic
approach that coordinates personalized
marketing and sales efforts to open doors and
deepen engagement at specific accounts.
It is a different approach to marketing.
Traditional demand generation is like fishing
with a net: you put your campaign out there, and
you start catching fish. It doesnt matter which
specific fish you catch, as long as you catch
enough fish in total. But when going after target
accounts, you cant wait around for them to
come into your net you need to go after the
big fish with spears and harpoons. Thats
where ABM comes in.

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Account-Based Marketing Analytics

Part 1: Why Account-Based Marketing Needs Different Metrics

Account-based marketing is a fundamentally different approach, and it
requires fundamentally different metrics.

Account-based marketing calls for account-based metrics

When you celebrate closing a deal, you write the company name on the
whiteboard, not the name of the person who signed the contract. A sales
person never talks about how many leads theyve closed they talk about how
many accounts theyve won. Thats why
Its called business
its not sufficient to measure your
to business not
B2B marketing by counting people.

ABM is about quality, not quantity

business to lead

If you are a sales rep with only 20 accounts, you are thinking about
those 20 accounts all day long. You already know many of the people
in those accounts, and ideally you have contact data for those you
dont.
This doesnt leave a lot of room for marketing to deliver value by
generating new leads. Instead, marketing needs to create influence
with the people who matter. Thats a new and different mindset for
how marketing claims victory.

The Big 5 Metrics of Account-Based Marketing

Marketing cant wait for closed revenue to measure success

The longer the sales cycle, the more we need metrics to understand
whats going on as it progresses. This is especially a challenge in ABM,
since the larger the deal, the longer the sales cycle.
Thats where engagement comes in. By tracking how the right people at
an account engage with your brand over time, marketers have a
quantifiable way of showing development through a potentially long
process.

In ABM, marketing supports and influences pipeline creation

The larger and more complex the deal, the less we can measure
marketing in terms of marketing sourced pipeline. Instead, accountbased marketers need to show their impact on revenue by
demonstrating how well they influence deals and improve key business
outcomes such as win rates, deal velocity, and average contract value
(ACV).

You cant wait a year to see results [in ABM]

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Megan Heuer of SiriusDecisions

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Account-Based Marketing Analytics

In ABM, marketing supports and influences pipeline creation

Measure customer expansion, not just new logos

The larger and more complex the deal, the less we can measure
marketing in terms of marketing sourced pipeline. Instead, accountbased marketers need
to show their impact on
revenue by demonstrating
how well they influence
deals and improve key
business outcomes such
as win rates, deal velocity,
and average contract
value (ACV).

Deepening relationships at existing customers is a big part of accountbased marketing, so we need metrics for both sides of the bow-tie.
Cross-sell and upsell pipeline and revenue are certainly part of this
equation, but accountbased marketing metrics
should also include
advocacy, referrals,
customer satisfaction,
and net promoter
scores.

Marketing Bow-tie: Measure both new customer

acquisition as well as existing customer success and

expansion as part of account-based marketing.

If you believe ABM success is measured only on lead volume

think again. ABM is about influence. Megan Heuer, SiriusDecisions

The Big 5 Metrics of Account-Based Marketing

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Account-Based Marketing Analytics

Part 2: The Big 5 Metrics for Account-Based Marketing

We suggest five categories of additional account-based marketing
metrics: data coverage, awareness, account engagement, program
impact, and influence on business outcomes.

Coverage

How effectively is your team building contacts

and permission with the people who matter at
your target accounts? How complete is your
account data?

axis and Department on the Dont count the people that

other, and then plot out
you reach; reach the people
how many contacts you
have for each cell (or,how
that count. David Ogilvy, aka
many you have permission
the father of advertising
to email). You can do this for
a single account, or a list of target accounts. This is a great way to see
where you have gaps and focus your list building efforts.
Imagine being able to share that your team built opt-in permission with
42% of the key names at your target accounts, when the company had
only 8% coverage to begin with. Thats powerful.

Coverage is a measure of data quality and completeness; it

tells you whether or not your database has the right people
in it.
A nice way to visualize coverage is to use a People Map
two-dimensional matrix. For example, put Level on one

The Big 5 Metrics of Account-Based Marketing

Use a People Map to identify whitespace in your coverage for an account .

Are the bucket thresholds different for each account? Can I set them?

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Account-Based Marketing Analytics

Awareness

Are the target accounts aware of

your company and its solutions?
One fast and cost effective way
to track awareness is by measuring
web traffic from target accounts. This
is accomplished by using reverse
IP lookup to figure out the domain
names associated with the IP
addresses of your website visitors,
and then matching the domain names
to your accounts.

Increasing web traffic from target accounts is a great way

to show rising awareness at the accounts that matter.

If web traffic from target accounts is going up, then its a good
sign that your ABM efforts are increasing awareness especially
if you can show that its going up faster than at the non-targeted
accounts.

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Account-Based Marketing Analytics

Engagement

Are the right people at the account spending time with

your company, and is that engagement going up over
time?
At Engagio, we use the number of minutes that someone
spends with your brand as a reasonable way to track
engagement.
Begin by tracking all the meaningful activities for each
of the people who work at your target Accounts. These
should cover when they respond to your marketing
programs, but also when they interact socially, use your
product, and talk with the sales team. You may need to
do Lead to Account (L2A) Matching to associate all the
people who are in Salesforce as Leads to the right
account. Finally, assign a number of minutes to each
of the activities. Now you are ready to analyze your
engagement!

The Big 5 Metrics of Account-Based Marketing

Heatmap
Remember the People Map from the Coverage section? Use the same
visualization to track which parts of the organization are engaging with
you, e.g. a Heatmap for the account. You can also do this for a group of
accounts to see broader trends.

Use the Heatmap to see which parts of the organization

engage with you, and where you may have blind spots.

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Account-Based Marketing Analytics

Engagement

Definition Marketing Qualified Account (MQA):

An account (or discrete buying center within an account) that has
reached enough aggregate engagement in a given time period to
merit a sales outreach.

(continued)

Aggregate engagement trend

Combine the minutes for all the contacts at an account to come up
with a measure of aggregate account-level engagement over time.
Imagine being able to go to the head of sales to show that target
accounts spent 4,289 minutes engaging with marketing activities this
quarter, up 122% from only
1,932 last quarter. This is certainly a sign
that things in the middle of the funnel
are progressing in the right direction!

potential buying activity than individual lead scores. Thats why we use
a new metric, Marketing Qualified Account (MQA) instead of the personbased metric, Marketing Qualified Lead (MQL).

Marketing qualified accounts (MQAs)

Finally, identify the most engaged
accounts and alert sales about any
accounts where engagement is spiking
up or down versus their recent trend.
At Engagio, we think that account-level
engagement is a better indicator of

The Big 5 Metrics of Account-Based Marketing

One of the single best ways to demonstrate marketings impact in account-based marketing, especially
in the middle of the funnel, is to show increased engagement from one or more target accounts.

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Account-Based Marketing Analytics

Program Impact

Are marketing programs reaching target accounts?

Use these additional program metrics to see which programs do the
best job of reaching your specific named accounts:

% of successes from target accounts

Successes: A success is defined for each program channel. For a

webinar, success is attending the event; for a content program, it is
downloading the content; and so on.

Coverage: The percent of target accounts that have a success in a

given program. It is a measure of how broadly the program reaches
your target accounts.
Focus: The percent of all program successes that come from your
target accounts. It is a measure of how efficiently the program
reaches just your targets (or inversely, how much waste the
program has in terms of reaching non-targets).

Example Calculation
Say you ran a webinar with 500 total attendees, and of those,
50 attendees work at companies that are designated as target
accounts.

FOCUS

Now, since individual attendees may work at the same

company, lets say that those 50 attendees come from a total
of 25 different accounts.

COVERAGE

% target accounts with a success

In general, programs with good coverage and/or good focus will

do a better job of achieving your account-based marketing goals.

The Big 5 Metrics of Account-Based Marketing

Finally, lets say that you have 100 total target accounts. In this
case, your metrics are:
Successes: 50 (individual attendees from target
accounts)
Coverage: 25% (25 accounts with a success, out of 100
total)
Focus: 10% (50 attendees from target accounts, out of
500 total)

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Account-Based Marketing Analytics

Influence

How are the ABM activities improving sales outcomes such

as deal velocity, win rates, average contract values,
retention, and net promoter scores?
Every marketer ultimately wants to know how much revenue is driven
by each program. But long sales cycles with many touches can make a
true attribution model difficult and, in some cases, meaningless.
Thats why in ABM we instead need to look for correlations between the
activities and key sales outcomes. To do this, mine your data to find
influence insights such as:
Accounts in the top 25% of engagement have 18% faster sales
cycles than those in the bottom 25%.

Accounts that attended that dinner had 16% more movement to

the next opportunity stage over the next three months.
Accounts with more than three engaged contacts have 11% more
closed won opportunities.
Accounts with the top 10% of engagement are 117% more likely
to be Net Promoters than average.
Even if correlations dont always imply causation, these insights are
still a very strong way for marketing to show why increasing
engagement and running account-based marketing programs will
matter to sales executives and the C-suite.

Accounts that attended this webinar ended up with 5% higher

contract values than those that didnt.

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Account-Based Marketing Analytics

Conclusion
One of the key sources of misalignment between marketing and sales is
the disconnect between the way marketing measures success and the
way sales measures it. One of the benefits of account-based marketing
is how it brings the two teams closer, aligning focus on a specific list of
named accounts. By evolving your metrics in the matter discussed in
this ebook, marketing and sales can begin to speak the same language
and come even closer together as a result.

From

To

People

Accounts

Leads

Opportunities

Personas

Specific Buyers

Quantity

Quality

The Big 5 Metrics of Account-Based Marketing

For some, the movement away from tried and true metrics may feel
unnerving, but if you are going to embrace account-based marketing,
the change and its implications are unavoidable.
Fortunately you are not alone. Engagio is working hard to make all the
metrics covered here easy and beautiful. Wed love to have you be part
of the journey.

Marketing needs to understand the aggregate

level of engagement across the account, and
know when that engagement goes up or down.

Jon Miller, CEO, Engagio

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Account-Based Marketing Analytics

About Engagio
Engagio is creating marketing software purpose-built to support
companies with complex, enterprise sales. This means it is:
Account-centric: Understand relationships and measure
effectiveness at the account-level.
Outbound-oriented : Orchestrate integrated account plans that reach
out to engage the right contacts at the right accounts.
Focused on land & expand : Manage initiatives to land new
customers, penetrate accounts, and deepen existing relationships.
Engagio is designed to integrate with and complement an existing
marketing automation solution. Our initial customers are Marketo and
Salesforce users with complex, enterprise sales.
Want to check it out yourself? Contact us at sales@engagio.com to set
up your personal demo!

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