šŸŒ® Expediting Your ABM Career

Should I focus on Growth ABM or Enterprise ABM?

Whatā€™s up everyone! Welcome to šŸŒ® Taco Tuesday, a weekly newsletter by ForgeX.

In here we share the latest and greatest around our Account-Based GTM research, provide our perspective on trending topics, and highlight whatā€™s new at ForgeX.

Send us any questions or topics we should break down here ā¬‡ļø

Do You Specialize in Growth ABM or Enterprise ABM?

Although both are critical roles in an Account-Based GTM motionā€¦

The skills that youā€™ll be refining while practicing either of the two ABM models are different.

Growth ABM or Enterprise ABM

Growth ABMer

  • Leads a program for scaled coverage through account Tiers (50, 100s, 1000s of accounts).

  • Typically tasked with generating net-new revenue.

  • Strongest sales partnership can often be seen with the BDR(s).

  • Depth of GTM personalization and investment per account is dependent across which Tier each account falls under.

  • Campaigns tend to have a ā€œsprintā€ motion.

Enterprise ABMer

  • Leads a pure 1:1 or 1:Few program (example: they might cover 6 accounts total who are part of a 1:1 motion).

  • Typically applied to accounts who are existing customers in an expansion play.

  • Strongest sales partnership is with the AE(s).

  • Depth of GTM personalization is extreme, where everything is personalized for each specific account - scaling is not the top priority. High investment per account.

  • Campaigns tend to have an ā€œoutlookā€ of 9-18 months, with various plays - yet are adaptable to account and market pressures.

  • This ABM skillset is rare; the Enterprise ABM model is usually only applied in larger organizations with massive deals (think +$500k), justifying the intense investment.

Which Is Better To Focus On For Your Career?

If youā€™re a Growth ABM or Enterprise ABM practitioner.

Youā€™re probably wonderingā€¦ ā€œis that *other* ABM model better for my career?ā€

NO.

They are both extremely important roles.

šŸ’” Insight: In 2024, weā€™re seeing ABM leaders at larger orgs, who started with an Enterprise ABM motion, now being tasked with standing up a Growth ABM motion.

As we transition into the era of Account-Based GTM, the top CMOs will be forced to have a deep understanding of Growth ABM. This will be applied across more organizations (replacing lead gen / demand gen) as it allows for scaled coverage.

For CMOs of large organizations who have a massive ACV, understanding the nuances of a pure 1:1 or 1:Few motion will be essential. Especially having insights into the sales process of exponential enterprise deals - youā€™ll see BILLION dollar deals in some of these programsā€¦ yes, with a ā€œBā€.

5 Attributes That Make A Great ABM Practitioner

  1. Relentlessly Data-driven: They are able to collect, interpret and act on both qualitative and quantitative datasets to make strategic decisions. Itā€™s not a ā€˜nice to haveā€™, but part of their DNA.

  2. Highly Curious: ABM usually allows for a higher degree of autonomy and leeway to test more experiments. This is where they thrive, pushing the boundaries of innovation and leading the org forward.

  3. Master of None: ā€œA jack of all trades is a master of none, but often better than a master of oneā€. They are a swiss-army knife, a strategic and tactical GTM ninja. At a base-level, they understand how each GTM function operates and can articulate best practices.

  4. Strong Communicator: From the newly graduated BDR to deeply experienced C-suite executives, they can code-switch and are able to enable and lead. Possessing the ability to manage up, across cross-functional teams and within their own program.

  5. Contagiously Proactive: The scale of processes, people and overall project management is significant. They have a proactive mindset vs. reactive, and elevate their teammates to hold this as well.

A Few Of Our Favorite Resources To Level-Up

Here are a few of our favorites for each category - see our comprehensive list of all resources in ForgeX here.

Podcast:

Newsletter:

Book:

Expert to Follow on LinkedIn:

Whatā€™s New at ForgeX?

šŸŒ® Events

Upcoming:

  • 1.) Can we do ABM with HubSpot?

    • When: 4/18/24 @ 12:30pm ET

    • With:Ā 

      • Tania Saez, ABM Expert, ForgeX Executive Council Member

      • Pasha Irshad, Co-Founder @ Shape & Scale

      • Davis Potter, CEO @ ForgeX

    • Weā€™ll Discuss:

      • šŸ‘‰ Can you do ABM with Hubpot? Must-have features and capabilities.

      • šŸ‘‰ How to build an effective ABM reporting dashboard in HubSpot.

      • šŸ‘‰ 1:1 or 1:Many ABM campaigns on Hubspot?

  • 2.) The Modernization of ABM: Growth ABM & Enterprise ABM

    • When: 4/17/24 @ 2:00pm ET

    • With:Ā 

      • Amber Bogie, Director of GTM & Account-Based Innovation @ GoTo + Fractional VP of Growth & Partnerships @ ForgeX

      • Davis Potter, CEO @ ForgeX

    • Weā€™ll Discuss:

      • šŸ‘‰ ā€œAsk Me Anythingā€ (AMA) session where weā€™ll answer your most pressing questions around the modernization of Account-Based GTM.

šŸŒ® Research & Insights

Join +380 ABM leaders and become a ForgeX member to access our full research library, step-by-step frameworks, benchmark data and community.

Have an awesome rest of the week yā€™all!

LFG,

Davis