With the rise of Account-based Marketing (ABM) it’s important to understand how Bizible can complement your ABM strategy. Bizible will surface each touchpoint for each lead and contact under your accounts.
When there are multiple Opportunities under one Account, the different Opportunities will share the same first two Touchpoints - the First Touch (FT) & Lead Creation (LC). When new Opportunities are created their individual revenue amount will be allocated across the Touchpoints that contributed to moving the Opportunity further down the funnel. It’s important to note, Touchpoints that are tied Opportunities are considered Bizible Attribution Touchpoints (BATs).
For example, the Account below has two Opportunities. For the first Opportunity, it only has one Touchpoint. That Touchpoint encompasses the FT, LC, and the Opportunity Creation (OC) Touchpoint. The second Opportunity will have the same FT & LC as the first Opportunity, but the OC Touchpoint is different. As well, the second Opportunity has some additional Touchpoints that are not associated to the first Opportunity, due to them occurring after the first Opportunities’ closed date.
Since Bizible is surfacing all the marketing interactions tied to your accounts, marketers get a better understanding of what accounts are likely to close, how often they’ve engaged with your company, what those engagements are, how much revenue each engagement is worth, etc.
With Bizible & an ABM approach, marketing performance will finally be based off of revenue. If you’re thinking of moving to an Account Based Marketing approach, check out the CMO’s Guide to ABM Orchestration, which walks you through the planning, execution, and measurement phases of ABM orchestration.