Influ2/Forrester webinar | Putting the buyer back into B2B with Buying Group Marketing

Dec 9, 2021 · 42:55 · Webinar
Nirosha Methananda VP of Marketing · Influ2
Malachi Threadgill Principal Analyst, Account-Based Marketing · Forrester

Key takeaways

66% of B2B buying teams comprise more than six people, and buyer interactions with suppliers increased 59% between 2019 and 2021 — decisions are made by committees, not individual leads.
Forrester believes demand marketing and ABM are converging, and that by 2025 ABM as a separate entity within an organization will no longer be viable.
Marketing-sourced MQL pipeline was on 70% of CMO dashboards in 2015, fell below 50% by 2020, and Forrester expects fewer than 30% of CMOs to track it by the end of 2023.
Scoring the buying group collectively beats single-lead thresholds: four contacts scoring 30 each (a group score of 120) signal more than one MQL at 100, avoiding 'buying group blindness' and second lead syndrome.
Targeting high-fit accounts showing three or more buying signals with coordinated ads and BDR outreach lifted connection rates from 1% to 4%, and lifecycle-focused programs have driven win-rate jumps as high as 60%.

Chapters

Welcome and agenda
The Microsoft PowerPoint targeting example
What, how and why of buying group marketing
Buyer trends driving buyer enablement
The convergence of demand and ABM
Buying groups as the organizing principle
The B2B Revenue Waterfall
Metrics shift: from MQLs to buying group engagement
Escaping the perpetual ABM pilot
Augmenting MQLs with fit and buying signals
Types of intent and triangulating signals
Success factors: data and execution fundamentals

Q&A

What metrics should sales and marketing focus on, and how do teams escape the 'perpetual pilot' given short CMO tenures and long sales cycles?

Threadgill notes ABM pilots fail because they measure trailing indicators like revenue when CMO tenure (~3 years in high tech) barely exceeds the 12-18 month sales cycle. Instead, use leading indicators — his BDR team's connection rate went from 1% to 4% on high-fit accounts with 3+ buying signals — and set up control groups (show ads to 80% of tier-one accounts, hold out 20%) to prove impact, where lifecycle focus has lifted win rates by as much as 60%.Malachi Threadgill

What should marketers consider when augmenting MQLs with alternate signals?

There's nothing wrong with an MQL, but it must sit in a hierarchy: a high-scoring lead at an account that would never buy is worthless. The 'goldilocks zone' combines good-fit accounts, in-market signals, and engagement — and judging marketing on MQL volume alone fuels the classic sales-versus-marketing blame cycle instead of building trust.Malachi Threadgill

How should marketers think about the different types of intent as a signal?

Intent means wildly different things: first-party website visits, closed-lost data (often just as good, especially near contract renewal windows), content syndication signals that are narrow but deep, broad aggregators that only report high/medium/low, and review-site comparisons. No single source is enough — the value comes from triangulating and adding signals together, which dramatically raises the odds an account is truly in market.Malachi Threadgill

How do you determine who is actually in market, given not all accounts are in market at all times?

High-propensity accounts aren't necessarily in market and highly active accounts aren't necessarily high propensity. Picking accounts 'out of a hat' means being wrong 66% of the time; layering buying signals won't reach 100% accuracy, but moving from 33% to 50% accuracy is a meaningful improvement, and each added signal compounds it.Malachi Threadgill

Quotes

We actually believe at Forrester that by 2025 the concept or the idea of ABM as a separate entity within an organization will no longer be viable.Malachi Threadgill
Would you rather have an opportunity that has one lead that has a score of 100, or would you rather have four contacts and maybe each of them have a score of 30?Malachi Threadgill
They need to be on the same bus. They could all be watching a different movie, but making sure they're sticking together is critical.Malachi Threadgill
This random act of marketing means that we have inefficient marketing budgets, because we're advertising to the wrong people, wrong timing.Malachi Threadgill
We oftentimes forget that the way a message is delivered is just as important as the message itself.Malachi Threadgill
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