Marketing term definitions

Account-Based Marketing (ABM)

🎉 THe fun  definition:

So you've decided that motherhood is not for you – instead of marketing to the entire nursery, you're just gonna chase the one baby that's gonna grow up and buy a lot of toys. That's Account-Based Marketing (ABM) in a nutshell. It's like dating online: instead of swiping right on everyone, you meticulously stalk—I mean study—the VIPs until they can't resist your charm (or offers).

🤓 THe nerdy  definition:

Account-Based Marketing (ABM) is a strategic approach in business-to-business (B2B) marketing that focuses on creating personalized campaigns for specific high-value accounts, rather than targeting a broad audience. By aligning marketing efforts closely with sales, ABM seeks to deliver tailored content and experiences that resonate with individual decision-makers within an organization, enhancing engagement and producing higher return on investment. This approach leverages data analytics and insights to identify, segment, and prioritize accounts, ensuring marketing resources are concentrated on prospects with the greatest potential for long-term business growth. The essence of ABM lies in its ability to foster collaboration between marketing and sales teams, creating synergy that results in more effective customer acquisition and retention strategies.

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