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10 min read

How and why you should leverage Account-Based Marketing on LinkedIn

10 min read

How and why you should leverage Account-Based Marketing on LinkedIn

Account-based marketing on LinkedIn means using LinkedIn's professional audience and advertising tools to reach a short, deliberately chosen list of target companies with personalized messages, and coordinating that effort with sales. For B2B companies it replaces broad reach with precision, concentrating budget on the accounts most likely to become profitable customers.

Consider the quarterly pipeline review at a B2B services company. The chief revenue officer shows a list of thirty accounts that everyone agrees would transform the year, among them a national retailer, two regional banks and a manufacturing group. The marketing director explains that the team has generated a record number of leads. Then the uncomfortable question arrives, which is how many of those leads work at the thirty accounts. The answer is almost none. Campaigns on the usual consumer-style channels have brought in volume, but the buyers who matter, a handful of executives at each target company, have never seen a single message from the firm.

This is the situation in which many B2B leaders conclude that their digital strategy needs a different center of gravity. The position of ICX Consulting is direct. If 80% or more of your customers are businesses, building your digital strategy around Facebook is a mistake, and the more productive question is how to use LinkedIn together with account-based marketing, usually shortened to ABM. The rest of this article explains why the two fit so well, how to use them, and what leadership has to decide for the approach to produce revenue instead of activity.

Why does LinkedIn suit B2B account-based marketing?

LinkedIn is a professional network, which changes what an advertiser can know about the person who sees a message. According to LinkedIn's own description, it is the world's largest professional network, with more than 1 billion members in more than 200 countries and territories. Members declare their employer, role, skills and experience, and that self-declared information is what makes precise targeting possible. On a general-purpose social network the advertiser mostly infers who a person is from behavior. On LinkedIn, much of it is stated.

The advertising product, LinkedIn Ads, lets a company place messages in front of users according to their attributes. It serves several objectives at once. It builds brand presence among a defined professional audience, encourages interaction, drives traffic to the website and, for B2B firms, generates leads. According to LinkedIn's marketing solutions, advertisers can combine demographic and firmographic data, refine audiences with inclusion and exclusion logic, and use Matched Audiences to reach people drawn from their own contact lists, company lists or recent engagement. The last option is the one that makes ABM practical, because a company list is precisely what an account-based program starts from.

ICX's experience with clients is that the attributes most useful for segmentation are profession, country, industry sector, company size, keywords, university attended and work experience, among others. Not every combination is equally valuable, and the purpose is not to reach the largest audience that fits, but the smallest audience that still contains every decision maker the company needs to influence. That discipline is what separates account-based advertising from conventional lead generation, and it is why a smaller audience can be more valuable than a larger one.

What is account-based marketing, and how does it differ from lead generation?

Account-based marketing is a B2B strategy in which a company concentrates marketing and sales resources on a defined set of high-value accounts and treats each as a market in its own right. The term is credited to ITSMA, whose Bev Burgess is described in the account-based marketing entry as having coined it in 2003. In ICX's practice, ABM works in parallel with inbound marketing, but it focuses on specific accounts where the company sees either a strategic prize or a stubborn difficulty in moving an opportunity forward.

The sequence is simple to state and demanding to execute.

  1. Select the potential customers that deserve the effort, based on revenue potential, fit and strategic value.
  2. Run a campaign designed to attract only them, with messages written for their sector and situation.
  3. Generate interaction with the people inside those accounts, through content, events and direct dialogue.
  4. Qualify the leads that emerge, with sales and marketing applying the same criteria.
  5. Convert the engagement into new business opportunities and track them at account level.

The logic is the reverse of ordinary lead management. In the usual model the company runs activities that generate opportunities and then works on whatever arrives. In ABM, the company first identifies the accounts it wants and then designs the activity to reach them. The result is that a sales team spends its time on companies that matter, and a marketing team can report on penetration of the target list instead of the number of form fills.

There is a governance point beneath the mechanics. ABM cannot succeed when sales and marketing operate as separate departments with separate goals. The classic Harvard Business Review article by Philip Kotler, Neil Rackham and Suj Krishnaswamy, Ending the War Between Sales and Marketing, traces the friction to a divided budget and to cultural differences between the two functions. An account-based program makes that friction visible within weeks, because both teams must agree on which accounts are in scope and what a good outcome looks like. Companies that settle this question early tend to find the rest of the program straightforward.

How do you build an account-based strategy on LinkedIn?

ICX Consulting has guided clients in the use of LinkedIn to grow their business, and three principles come up in nearly every engagement. They are not a checklist, but an order of thinking.

The first is to develop valuable content for each buyer persona. Content is the way a company stays on the radar of potential customers before they are ready to talk. It begins with two honest questions. What is the most pressing problem for this audience today, and how can the company help solve it with a content offer? A pricing director at a manufacturer and a chief information officer at a bank are both reachable on LinkedIn, but they do not worry about the same things, and a message that fits one will bounce off the other. The buyer persona work that ICX performs for clients provides the profile behind each message.

The second principle is to experiment. LinkedIn advertising is not an exact science. When a company starts, it needs to be open to testing the type of content, the calls to action and the forms that produce the best response, and to let the metrics improve over time. A reasonable posture for an executive sponsor is to fund a learning period with clear review dates, rather than expect a perfect result from the first campaign.

The third principle is to use the company's own data to segment. The CRM of current customers tells the company which industries and company sizes already buy its products or services. That knowledge improves the selection criteria for new accounts, because the best predictor of tomorrow's customer is often the profile of today's best customers. The CRM also allows the company to analyze lead behavior, so it can aim specifically at companies where people have shown some activity consuming its content. A visit to a pricing page by three employees of a target account is a signal that no advertising budget can buy.

How do ABM and LinkedIn advertising complement each other?

An advertisement on LinkedIn can be much less intrusive than a direct email, particularly when it is the first contact between the company and a target account. That is why the execution has to be planned carefully, with the right steps, in the right order, with personalized messages. The strongest programs treat an ad not as a pitch but as an introduction, a reason for a decision maker to recognize the company's name when a salesperson later calls.

Under an ABM approach, the company must avoid causing rejection. Aggressive techniques produce undesirable results. A good example is a campaign that offers a demo or a free trial to people who do not know the company. For an unfamiliar brand this is intrusive and usually ineffective, because the buyer has not yet been given a reason to trust the firm with their time. A better first step is an offer of insight, such as a benchmark, an executive briefing or a diagnostic that helps the reader understand a problem they already feel.

Imagine a commercial bank that wants to win the treasury business of mid-size exporters. A generic campaign promoting an online banking platform would reach thousands of people who will never sign a mandate. An account-based campaign would begin with a list of forty exporters, identify the finance directors and treasurers at each, and show them a short analysis of how currency and payment timing affect working capital in their sector. Only after those executives had engaged with that material would a relationship manager request a meeting. The bank would use fewer impressions, spend less per account touched and arrive at the meeting with credibility.

Even with excellent segmentation, a careful nurturing process is needed before an account or lead comes into contact with the sales department. A salesperson who calls too early may close the window that the marketing effort opened, and a salesperson who calls too late finds that a competitor has used the same channel. Timing is therefore a decision to be agreed between sales and marketing, using engagement signals and not the calendar.

Which technology supports an account-based program?

None of this scales without a platform to orchestrate the plan and track the accounts. ICX implements ABM on HubSpot, which allows the company to manage target account lists, follow engagement by company and coordinate the work of marketing and sales in a single record. The platform is the means of execution, and the strategy comes first.

HubSpot also has an integration with LinkedIn Sales Navigator. According to HubSpot's documentation, it adds a Sales Navigator card to contact and company records. For contacts, the card shows details such as job title, company, time in the role, location and industry, and includes icebreakers based on shared connections, experiences and interests. It also offers an option to be introduced and a view of related leads. For companies, it presents industry, size and location, an overview, the people to find, a relationship map, the connections the user already has, and company news that gives context before reaching out. From the same records, a user can send InMail messages and create sequence tasks for InMails and connection requests.

The integration has requirements that leaders should know before promising it to a team. HubSpot states that each user needs a Sales Hub Professional or Enterprise seat and a LinkedIn Sales Navigator Advanced Plus account, and that contacts cannot be imported from LinkedIn through this integration. InMail conversations also do not save automatically to the record timeline, so the team needs a simple convention for logging them. These are small details, but they decide whether the account history stays complete.

What does it take to measure an account-based program?

A program built on named accounts needs measures that follow accounts. Counting clicks and leads tells little about whether the thirty companies in the opening scene are moving. The indicators that matter to leadership are account coverage, which is the share of target companies where the company has reached at least a given number of contacts, account engagement, the number of target accounts that have moved to an active opportunity, and the speed and value of those opportunities compared with the rest of the pipeline.

These indicators change the conversation between marketing and sales. Marketing is no longer judged on lead volume, and sales is no longer free to ignore leads it considers weak. Both teams look at the same list of accounts each week, discuss which ones are warming up and decide the next action. For a company in a market with long sales cycles, such as industrial equipment or enterprise software, this shared view is often the most valuable result of the program, even before revenue arrives.

ICX's related articles on how to develop account-based marketing strategies and on lead scoring for account-based marketing go further on selecting accounts and weighting engagement. The piece on improving your LinkedIn profile to get better leads addresses the personal presence of executives, which also matters because buyers look at the people behind a company before they reply.

What this means for the C-level

For the CEO and the chief revenue officer, the central decision is which accounts deserve this level of investment. A list of thirty or fifty is a strategic choice, and it should come from an honest view of where the company wins, where it earns healthy margins and where it can grow with the customer. That list is the point at which commercial strategy meets marketing, and it should be reviewed at the executive table, not delegated.

For the chief marketing officer, the challenge is to move from audiences to accounts, and to accept that fewer impressions can produce more revenue. For the chief financial officer, the attraction is efficiency. Concentrating spend on a defined list makes cost per account and return per account measurable, which is difficult in broad campaigns. And for the leaders responsible for service and retention, the same approach applies to existing customers, since expanding within a loyal account usually costs less than acquiring a new one, and LinkedIn is as useful for mapping new stakeholders inside a client as for finding them in a prospect.

How to start next Monday

A seasoned consultant would start with a single working session between sales and marketing, with the sales leader's real account list on the table. Pick no more than twenty-five accounts for a first pilot, and for each one write down the three or four roles that influence the decision. Then check how many of those people the company already reaches through its CRM, and upload the list to LinkedIn as a matched audience so the first campaign appears only in front of them.

The first month should be modest in content and strict in discipline. Publish one or two pieces of genuine insight written for the pilot sector, run a small paid campaign with the test mindset described above, and review every Friday which target accounts showed any sign of engagement. At the end of the first quarter, the executive team will be able to compare the cost and quality of opportunities from the pilot with those from conventional channels, which is the evidence needed to decide whether to expand.

How ICX helps

ICX Consulting designs account-based programs as part of a broader commercial strategy. Through its account-based marketing consulting and account-based sales practices, ICX helps leadership teams choose the target accounts, define the buyer personas, build the content and campaigns, and align marketing and sales around one list and one set of measures. The work is supported by ICX's B2B marketing strategy practice and by implementation in HubSpot when it fits the company's stack.

To make your buyer profiles specific before the first campaign, use the ICX Persona Playbook Toolkit. If you want a second opinion on your target account list, request a diagnostic with an ICX consultant.

Frequently asked questions

Is LinkedIn advertising worth the cost for a small B2B company?

It can be, provided the audience is narrow and the offer is relevant. Precision is the whole point of the channel, and broad targeting wastes it. A small company should start with a limited list of accounts and a modest budget, and judge results by qualified conversations rather than clicks.

How many accounts should an ABM pilot include?

Between fifteen and thirty is a workable range for a first pilot, enough to learn but small enough for the team to personalize its work. This is an ICX rule of thumb rather than a universal standard. Larger lists require more automation and more budget.

Can ABM work with a small marketing team?

Yes, because the volume of work is lower than in broad campaigns. The constraint is quality. A small team can produce a few excellent pieces of content for a focused sector more easily than it can feed a wide funnel, as long as sales participates in choosing the accounts.

Do we need Sales Navigator to run ABM on LinkedIn?

No. Campaign Manager and Matched Audiences are enough to start advertising to target accounts. Sales Navigator helps salespeople research contacts and send InMail, and it connects to HubSpot for teams with the required subscriptions.

Account-based marketing on LinkedIn rewards companies that decide, before spending, exactly whom they want to win and why. If you want to turn your list of priority accounts into a program that sales and marketing run together, Talk to an ICX consultant about building it around your market and your margins.

ABM guide for B2B companies from ICX Consulting

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