Account-based marketing (ABM) is a targeted marketing strategy that focuses on individual accounts or specific target audiences, rather than targeting a larger group of potential customers. The goal of ABM is to build personalized relationships with key accounts or target audiences in order to drive revenue and increase customer loyalty.
ABM typically involves identifying key accounts or target audiences that are most likely to benefit from a company’s products or services, and then developing personalized marketing campaigns specifically for these accounts or audiences. This can involve creating customized content, targeted email campaigns, and personalized sales pitches.
ABM is often used by B2B companies, as it allows them to focus their marketing efforts on a smaller group of key accounts or target audiences that are more likely to make large purchases. However, ABM can also be effective for B2C companies, particularly if they have a niche product or service that is of particular interest to a specific group of customers.
Overall, ABM is a targeted, personalized approach to marketing that can help companies build relationships with key accounts or target audiences and drive revenue.