Marketers who are using ABM are seeing over 171% growth in their Annual Contract Value (ACV). Are you building the same trust to get such results?

The face of B2B marketing has been changed by Account-Based Marketing (ABM), which has moved from general, wide-ranging campaigns to concentrated strategies focused solely on specific accounts.

Nevertheless, it requires deeper understanding of behavior for marketers to effectively utilize ABM. By understanding the reasons behind potential clients' behavior, how and why they behave as they do can be known, therefore leading to a more personal touch in the campaigns that are result oriented.

ABM's Behavioral Powerhouse
Behavioral insights are information gathered from observing and analyzing the actions and behaviors of your target audience. This could include data such as website visits, content engagement, social media interactions or purchase history. Marketers can use these insights to generate more relevant and timely content that resonates with target accounts.

How behavioral insights make ABM better:

1. Scale Personhood

Effective ABM starts with personalization. The marketer gets an insight into every need of their targeted account through human science based advertising. In line with this assertion by Accenture 91% of consumers prefer shopping with brands that offer relevant recommendations.

In B2B, this means more engagement and conversion rates in terms of higher open rates when a potential buyer receives targeted information that directly addresses his/her business challenges.

2. Content Strategy Optimization

By examining which kinds of content your target accounts prefer most, you can develop your content strategy to suit them better.

For example, if there is an account that tends to download white papers and case studies frequently, then it is important for the company to ensure that they have more deep-dive data-driven contents.

3. Timing and Delivery Improvement

Knowing when target accounts are most active can be useful in designing outreach campaigns with maximum impact.

For instance, if a specific account's behavioral data shows that it usually responds to emails early in the morning; scheduling emails accordingly would increase open rates and click-throughs.

4. Segmentation Made Better

Behavioral insights allow far superior segmentation of your target accounts. You may create much more narrow segments based on things such as high consumption of whatever type of content you provide or how long customers have been buying from you rather than relying on broader classifications. Hence, sending only the relevant information to prospects is easier through this method.

5. Forecasting Analytics for Pre-emptive Engagement

Behavioral data-driven predictive analytics can help marketers determine the most probable account conversions to enable them prioritize their efforts. As indicated on:

Behavioral Insights - ABM Campaigns_infographic
(Source: Forbes)

Marketers can take advantage of prospective clients' needs even before they realize them by predicting what actions they will do in future.

Real-World Impact of Behavioral Insights in ABM
To illustrate the power of behavioral insights in ABM, let's look at some real-world statistics and examples from leading publishers.

1. Propel Growth' Insights:

Research shows that marketers practicing ABM have a 171% higher annual contract value (ACV) than those who don't. Personalized messages are developed by means of behavioral insights taken from LinkedIn's huge professional network that also helps to know the best time for engaging with a prospect.

2. HubSpot's Data:

According to HubSpot, firms using marketing automation (a vital component for leveraging behavioral insights) get 451% more qualified leads. This is because automation tools can track and analyze behaviors resulting into timely and relevant engagement.

3. Forrester's Findings:

A Forrester report found that companies who do personalization well have 40% more revenue from these activities than average companies do. This justifies the significance of behavioral insights as they can lead to higher returns on investment through personalized and efficient ABM campaigns.

Implementing Behavioral Insights in Your ABM Strategy
To apply behavioral insights in your ABM campaigns, follow these steps:

1. Gather extensive data

Use software such as CRM systems, marketing automation platforms, and analytics to collect information about your target accounts. This should involve web statistics, email reviews' statistics, social media interactions among others.

2. Analyze and segment

Look for patterns and trends by studying that data you have accumulated so far. You can sort out your accounts based on factors like content preferences, engagement rate and buying signals.

3. Customize Content for Each Segment

Design different pieces of content that meet the specific demands of each group. Draw from the insights you have acquired to solve their problems accordingly.

4. Timing and Channel Optimization

Utilize their actions to decide which are the best time periods and communication channels to use when dealing with them. Use automated tools to publish contents at the most valuable times.

5. Predictive Analytics Utilization

Consider using predictive analytics to forecast future events way before they happen so as to focus on accounts projected to yield the highest conversions. In this way you channelled significant effort into places where it would make a difference.

6. Continuous improvement

Keep adjusting your strategy continually in respect of performance data. Keep refining your approach so you can be sure about your campaigns are still staying relevant and effective.

Conclusion
While behavioral insights have become a prominent cluster for ABM campaigns, one must know what your target audience prefers and the kind of actions they take. By this way, marketers can make their strategies relevant and targeted for improved engagement, conversion rates and revenue as indicated by recent information from key publishers.

Through behavioral data collection and analysis, customized content generation, perfect timing optimization, predictive analytics application among others numerous other ways one can supercharge your ABM campaigns to make them more successful. So, do not juggle around, Connect with us at Vereigen Media right now!