Is Account-Based Marketing Dead? A Reflection on Two Decades of ABM.
Account-based marketing (ABM) stands at a pivotal crossroads as it celebrates two decades of redefining the B2B marketing landscape. Despite research showing that 71% of companies will increase ABM spending in 2023 (ABM Benchmarking study, 2023), recently, I have observed a curious shift: some companies, tempted by the comfort of vanity metrics and a lighter lift, are retreating from ABM back to traditional demand generation strategies, prioritising leads over the nuanced approach of targeted account nurturing. A shift, perhaps, not without merit. Recent research (Global State of Account-Based Marketing, 2023*) shows that marketing leaders are under increased pressure to generate immediate pipeline and accelerate opportunities, and while ABM programs are performing, it is a longer-term strategy, and there's a big gap when it comes to driving substantial impact where it matters most: revenue growth. So, is ABM dead? No, it is very much alive. But it requires a fresh infusion of st...