05 How B2B Marketers Use Account-Based Marketing Customer acquisition Accounts (e.g., deepening relationships with existing customers) Opportunities (e.g., personalizing for serious potential buyers) Leads (e.g., nuturing initial interest and engagement) Product-led growth Cross-selling Upselling Adoption 60% 78% 48% 43% 65% 48% 39% 64% Percent of B2B Respondents Who Market to the Following Audiences S A L E S F O R C E 30 [ bb   I $  B  W :  b - C % ŧ9 T H E DI T I O N Marketers Focus Efforts On Customers Account-based marketing (ABM) requires close collaboration between marketing and sales teams to identify and prioritize key accounts. At its core, ABM unleashes a concentrated marketing effort for more targeted results. In fact, B2B marketers allocated an average of 12% of their budgets on ABM programs, emphasizing the value in directing resources toward accounts with the highest potential for conversion. However, B2B marketers aren’t just focused on existing customers: Six in 10 use ABM for customer acquisition. Nearly the same number of marketers (65%) are expanding scope to pursue potential buyers showing an interest in partnering with sales earlier on in the process. B2B Marketers Use ABM to Grow Customers at Every Stage

State of Marketing | Ninth Edition  - Page 30 State of Marketing | Ninth Edition Page 29 Page 31