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Account-based marketing has grown since the mid-1990s as a demonstration of the trend away from mass marketing towards more targeted approaches. It parallels the movement in business-to-consumer marketing described by Peppers and Rogers in The One-to-One Future (1993) from mass marketing where organisations try to sell individual products to as many new prospects as possible, to 11 marketing where they concentrate on selling as many products as possible to one customer at a time[2].

So while business marketing is typically organised by industry, product/solution or channel (direct/social/PR), account-based marketing brings all of these together to focus on individual accounts.

In the marketing of complex business propositions, account-based marketing plays a key role in expanding business within existing customer accounts (where, for example, wider industry marketing would not be targeted enough to appeal to an existing customer). In scenarios where the initial sale has taken several months, it is reported that account-based marketing delivers a dramatic increase in the long-term value of the customer[3]. ABM can also be applied to key prospect accounts in support of the first sale. In the example of Northrop Grumman, it contributed to the completion of a successful $2 billion deal[4].

Account-based Marketing Subcategories

Account-based Marketing Articles

Is the Limited Liability Company the Right Entity for Your Business?
by Germaine A. Hoston, Ph.D.
Mar 31, 2006
Should you operate your business as a corporation? Or is there another, simpler alternative? You've probably noticed that in the past decade there are more and more businesses with their names followed by the letters "LLC" instead of "Inc.". ...

Reading Your Financial Statements: What Every Entrepreneur Must Know
by Germaine A. Hoston, Ph.D.
Mar 05, 2006
As you consider which legal entity or entities--corporation, limited liability company, or limited partnership--you want to use for your business structure, the decisions you make will depend heavily on your current financial situation, both pe...

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