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ABM: how small businesses can succeed with limited resources

6 September 2024 · 3 min read

ABM: how small businesses can succeed with limited resources

Account Based Marketing (ABM) isn't just for large enterprises. A small business can run it effectively by taking a focused approach. Here are eight practical levers.

1. Prioritise high-value accounts

  • Select a small number of high-potential accounts that match your ideal customer profile (ICP).
  • Concentrate your resources on those accounts for maximum impact.

2. Use your existing data and relationships

  • Analyse your customer data to better understand target accounts.
  • Tap into your network and existing relationships to gather prospect insight.

3. Personalise without breaking the budget

  • Adapt existing content for each account rather than creating everything from scratch.
  • Use low-cost levers: personalised emails and LinkedIn outreach.

4. Align sales and marketing

  • Share information and coordinate actions for a unified approach to each account.
  • Build close collaboration between sales and marketing.

5. Choose affordable ABM tools

  • Explore ABM features already built into your marketing tools and CRM.
  • Try free or low-cost options for account research and engagement tracking.

6. Favour quality over quantity

  • Run fewer campaigns, but highly targeted and personalised ones.
  • Prioritise meaningful relationships over broad reach.

7. Lean on digital channels

  • Use social media to engage accounts and build relationships.
  • Attract and nurture key accounts with content marketing.

8. Measure and optimise

  • Set clear, measurable goals.
  • Review results regularly and adjust to improve return on investment.

With these practices, a small business can deploy ABM without major resources, focusing its efforts on quality conversations with high-potential accounts.