The first true ABM campaign I launched was in 2019. The context, the step-by-step process, the resources involved, and the final results:
Back in 2019, Spendesk was among the first spend management platform in Europe targeting SMBs in France, United Kingdom, and Germany.
🎒THE CONTEXT
Our CRM was composed of:
- Tier 1 accounts: 250-2500 employees, scaleups with high-spend, multi-offices, 5+ finance team members (approx. 500)
- Tier 2 accounts: 50-250 employees, startups and agencies, high-spend, 1-3 finance team members (approx. 1000)
- Tier 3 accounts: under 50 employees, high-spend online or on the go, finance often managed by founders, one card shared in the office. (over 2500)
- “Logos”: big companies we all knew and wanted to have as customers. (approx. 50)
🧭 THE STEP-BY-STEP PROCESS
1. Prioritized the project in the roadmap
2. Created a cross-functional squad: growth manager, front-end engineer, sales
3. Selected 30 top accounts (called “logos”)
4. Analysed the org chart and identified the different buyer persona
5. Strategised the expected scenario and align with sales on the approach
6. Developed the process and enablement (more below)
🧰 THE RESOURCES INVOLVED
- Team: growth, front-end engineer, sales
- Budget: ~1K (gifting)
- Bandwidth: 2-months (end-to-end initiative besides the main priorities)
🧮 THE SCENARIO
- Pre-sales to gather information about the buyer committee and internal processes from company’s end-users.
- A handwriting letter for the CFOs with a chocolate box for the finance teams. Objective: make it human and conversational, focusing on creating relationships rather than being transactional.
- Targeted 1:1 ABM Campaigns: directly addressing the CFO and the finance team, showing we acknowledge their pain points and may have the solution.
- Customised landing page creating FOMO internally with a system of “claps” where end-users could show their interest towards the solution.
- Experience tailored to our product: An online card with €50 was created for each account, and by filling out the form or showing interest, we would send the CCV of the card to the CFOs.
- Multi-threads outreach: at least 5 decision-makers were identified for our sales team to contact.
- A Slack channel to notify the team about activity on the dedicated web page
🤑 THE FINAL RESULTS
- We managed to get a foot in the door with 8/30 accounts that had always been unresponsive.
- One of these CFOs directly called the sales rep who reached out, expressing frustration about contacting his team and sending the chocolate box. (At least we finally connected with him! 😂) Two years later, he became Spendesk’s CFO.
- At the time, none of these accounts converted before I left. However, I later learned that some of them became customers.
There's a lot more to share about this initiative, but LinkedIn limits us to 3000 characters. 👀
Nevertheless, I'm happy to now have solutions like Userled to make such campaigns even more effective. 🙏
Co-founder & CEO at FullEnrich
1mo$2b valuation or revenue?