This blog post is the seventh in Alyceâs seven-part series on account-based marketing best practices. For this post on ABM technologies, we connected with marketing operations expert Ken Evans, who hails from Alyce client Fuze.
As marketers â and really, as human beings â weâre all a bit guilty of âshiny objectismâ from time to time. And with the rate at which the marketing technology landscape has expanded and grown over the last several years, there are more shiny objects than ever to catch our eye and our mar-tech dollars.
The danger of âshiny object-ismâ when it comes to B2B martech, especially in an account-based marketing model, is that you could end up with a tech stack that seems more like a wobbly game of Jenga than a solid operational foundation.
What does it take to build the right tech stack to support your ABM strategy?
Win with Fundamentals
âBefore you layer technology onto your ABM strategy, you have to start with the fundamentals,â explains Ken Evans, senior director of marketing operations at Alyce client Fuze. âYou have to think through how you want to market and how you want to sell to target accounts. You have to work with sales to develop the right target account profile. ABM marketing teams can win the same way great sports teams do â by focusing on the fundamentals first.â
Resisting shiny martech objects in order to first nail down the fundamentals of your ABM initiative can put you on the path to executing a winning strategy. And then the way you build your ABM tech stack can become less about specific of-the-moment technologies and more about what you can accomplish with them.
âIf you have the luxury of building your ABM strategy and tech stack from scratch, the key question to ask is: âHow are we going to run this engine, and how do we make sure it keeps running so that we can achieve our goals?â
âIf you have the luxury of building your ABM strategy and tech stack from scratch, the key question to ask is: âHow are we going to run this engine, and how do we make sure it keeps running so that we can achieve our goals?ââ Ken says.
Kenâs advice is solid, and so is Fuzeâs marketing tech stack. You can bolster your own ABM tech stack by focusing on the fundamentals. And, what could be more fundamental than the alphabet?
The ABM Tech Stack ABCs
A â Align
The âAâ in our ABM tech stack ABCs is for alignment. âABM begins with alignment, and alignment isnât just about people,â says Ken. âYou need sales and marketing team alignment, but also an alignment in your operations, your goals and your process.â
Alignment is a theme weâve discussed at length throughout our #ABMxAlyce series. And Ken is right that alignment has to go deep.
As Ken explains, in addition to sales and marketing team alignment, you need alignment with how buyers buy and alignment of your technology solutions to the problems they solve and goals they fulfill. âYou have to put in the time to build internal alignment, and you can layer on technology to get stronger alignment in other ways. As examples, at Fuze, we use TechTargetâs Intent Signals solution to uncover prospect generation signals that help us match our marketing and selling to potential buyers who are in market. And, we also use Seismicâs sales enablement platform, which supports alignment throughout our ABM-driven sales process.â
B â Benefit
The âBâ in our ABM tech stack ABCs is for benefit. âWhen youâre making a tech investment, itâs important to ask, âWho benefits if we implement this tool?ââ says Ken.
When you ask this question, the best answer is that the martech product can benefit marketing and sales. Bonus points if it can also benefit the prospect or customer.
âIf we think about Alyce, this is something that fills a very important need at Fuze, and itâs something that both sales and marketing can use,â says Ken. âIn the past, when anyone would do direct mail, sometimes it would come directly from the sales budget, and sometimes it would come from the marketing budget. Either way, the financial costs would add up fast, and the time costs were painful â a good portion of your sales day would be over just from bubble-wrapping, labeling, boxing, etc. And the worst part was that direct mail wasnât trackable.
In this scenario, sales reps get the benefit of greater productivity. Marketing gets the benefit of deeper insights into direct mail campaigns. They both get the benefit of more efficient prospect generation. And, the buyer gets the benefit of relevant outreach. (Not to mention, we at Alyce get the benefit of working with Fuze!)
When youâre evaluating technologies for your ABM tech stack, make sure they can offer benefits that go beyond a marketing silo.
C â Connect
The âCâ in our ABM tech stack ABCs is for connect. âFuze got an early start with marketing automation, and we were one of Eloquaâs first customers. And we ran our CRM on Salesforce from the beginning. The integration of these two solutions was the genesis of our connected ABM tech stack and gave us something to build from,â explains Ken.
When Ken and the Fuze team evaluate martech solutions for their ABM tech stack, they look at how each tool can connect to the Fuze strategy and integrate with other solutions in the stack.
âWe look for technology that fulfills a need and brings automation into our process. Iâd rather have a tech partner thatâs more integrated with fewer features than the other way around, and Iâd rather have a smaller stack with solid integrations so we can scale faster.â
âManual interventions donât scale,â says Ken. âWe look for technology that fulfills a need and brings automation into our process. Iâd rather have a tech partner thatâs more integrated with fewer features than the other way around, and Iâd rather have a smaller stack with solid integrations so we can scale faster.â
Wait! Donât Forget the Letter D
You thought once we covered âCâ that we were all done, didnât you? The truth is, to follow Kenâs advice and build a solid ABM tech stack, you canât forget about the letter âD.â And, in this case, âDâ is for âdaily driver.â
Once youâre in the midst of building and implementing your ABM tech stack, you need to ensure youâre getting value from your technology. What Ken recommends is to nominate a âdaily driver,â someone to be the power user of the tech tool or platform.
âWhen you introduce a new tool in your ABM tech stack, you need a daily driver who knows the product, the use implications for sales and marketing, and what the integration points are,â says Ken. âYou need someone to be the daily champion who helps make sure the technology is working to help you achieve your goals.â
Align. Benefit. Connect. Drive. When youâve got the ABCs in place in your tech stack evolution, youâll be well on your way to building and running an ABM engine that supports sales, marketing, and the growth of your business.
The Moral of the Story
- Before you introduce new technology, make sure you focus on the fundamentals of your ABM strategy
- Your technology should support alignment â between sales and marketing and also with your buyersâ process and your business goals
- When evaluating tech solutions, ask, âWho will benefit?â
- The tools in your ABM tech stack need to connect with each other and integrate with your process
- Donât forget to appoint a âdaily driverâ to be the internal champion of each martech solution
Many thanks to ABM expert and Alyce client Ken Evans for his insights.