Enterprise ABM vs broad targeting - which actually drives pipeline?
I've been running enterprise campaigns for about 4 years now, mostly in B2B SaaS. Lately I keep seeing this push from leadership to go all in on account based marketing. Heavy personalization, 1:1 campaigns, the whole deal. But I look at our numbers and our broad webinars and email blasts still bring in 60% of our SQLs each quarter, at half the cost per lead.
On the flip side, the ABM accounts we do target convert at a higher rate once they hit the sales stage. Like 3 out of 10 ABM leads close vs maybe 1 out of 20 from broad campaigns. So there's a real trade off.
My observation is that people in this space pick a side and act like the other is useless. Either "ABM is the only way" or "just spray and pray". I think there's a middle ground based on company size and sales cycle length.
What's your experience? Do you split your budget between both approaches or go all in on one?
Dude this is exactly the debate I have with my own ops team every quarter lol. The way I see it, broad campaigns keep the lights on and ABM is for the fancy steak dinners. We ran a big industry specific webinar series last spring, open to anyone who signs up, and it brought in 40% of our pipeline for the year. Meanwhile our top 10 ABM targets, all 1:1 with custom content and direct mail, only closed 2 out of 10 but those 2 deals were worth more than all the webinar leads combined. So we split our budget 60/40 broad to ABM and it works way better than picking one lane.
Did you catch that Gartner study a few months back where they found ABM accounts only make up about 15% of your total addressable market on average? Those two whale deals sound nice but most teams get burned trying to scale that model too far. Your 60/40 split makes way more sense than tilting all in on either side.