Resources | MEDDICC

Levelling up ABM with MEDDPICC

Written by Jen Collins | Nov 25, 2024 10:27:23 AM

The effectiveness of traditional, broad-reaching marketing strategies, or “spray-and-pray” as it’s affectionately known, is waning as the B2B landscape looks towards precision, personalisation and focus - cue Account-Based Marketing (ABM). Think of ABM as treating each account like a unique market, where every interaction is strategic and meaningful. Now, pair that with the MEDDPICC framework. Yes, that’s right - ABM and MEDDPICC equals a match made in heaven.

Why MEDDPICC and ABM are a power couple

When you blend ABM with the MEDDPICC framework (Metrics, Economic Buyer, Decision Criteria, Decision Process, Paper Process, Identify Pain, Champion and Competition), it’s like a roadmap for success. Suddenly, sales and marketing are speaking a common language and aiming at the same target accounts with greater precision. No more misalignment, just powerful data-driven engagement that resonates with your ICP at the right time.

From theory to practice

Let’s break down how MEDDPICC can take your ABM efforts from good to “we just hit our Q4 goal in Q3” great!

Metrics (M). Show them the money

ABM is about showing value upfront, with Metrics you’re quantifying exactly what you can do. Use those golden M1s (metrics from previous successful customers) to prove your worth.  For example, if you’re in the cybersecurity industry, show how your solution reduced incidents by 50% or decreased vulnerability exposure by 40% vs the approach of “Our cybersecurity tech is great because we said so”.

Economic Buyer (E). Make them an offer they can’t refuse.

ABM success often hinges on knowing who holds the purse strings. Enter the “Economic Buyer”. This isn’t just another contact in your CRM; this is THE contact who can say “Let’s do this”. Include them in your messaging, make sure your content hits on their top priorities. It could be cost savings, risk mitigation or ROI. Make them see you as a no-brainer choice and target them so they know who you are before you’re even in the room.

Decision Criteria (Dc). May the odds ever be in your favour

Decision Criteria is like having the exam questions before the test. These are the specific benchmarks your prospects use to evaluate solutions. Do your homework on what makes them tick. Is it compliance? Integration capabilities? Scalability or amazing customer support? Once you have your intel, craft messaging to align with the Decision Criteria and you can find yourself on the shortlist. Don’t forget to lay traps for your competition by using unique Decision Criteria that only applies to your solution!

Decision Process (Dp). Follow the Yellow Brick Road

No two buyer journeys are the same. The Decision Process helps you understand the twists and turns of the account’s path to purchase. With ABM, you can craft multi-touch campaigns that guide your prospects from awareness to decision, just like a well-planned road trip. Think personalized demo videos, ROI calculators, case studies etc. Make sure each piece of content is like a mile marker, moving them closer to the finish line.

Paper Process (P). Get your ducks in a row

Don’t let your deal get caught up in the dreaded paper process. Understanding the approval workflows, contract reviews and procurement processes at your target accounts can mean the deal closing quickly or getting stuck in endless loops. Think about navigating the contract phase and have messaging that can preemptively answer procurement FAQs.

Identify Pain (I). Houston, we have a problem!

Use data and research to identify the specific pains of each target account. Is it a lack of efficiency? Poor forecasting? Whatever that pain may be, your content should stop and make them think “We need to sort this” whilst highlighting how your solution is just the remedy. After all, pain and value drive urgency and they’re a winning combination.

Champion (Ch). Help me help you

We all know in sales, the real MVPs are often the internal Champions, those who go to bat for you. Focus on building these Champions, bolster your relationships, understand their goals and align your messaging with their needs. Equip them with the tools they need to advocate for you and make sure they understand the strategic value of what you offer.

Competition (Co). Keep your friends close and your enemies closer

Competition is fierce, and understanding your competitors is key. Ensure you know who you’re up against and what they bring to the table. Use this to your advantage in your ABM campaigns. Develop content that highlights your unique value and arm your team with knowledge to be able to differentiate and dominate.

Crafting the right messaging

Your messaging should resonate with your target accounts and using 3 parts of MEDDPICC there’s an easy way to craft them.

Start with Metrics that demonstrate tangible value. Next, focus on Pain and Gain, illustrate what their world looks like with and without your solution. Highlight the pain points you alleviate and the gains they're missing out on. Finally, it’s Decision Criteria. Outline your unique strengths and why you stand out.

Integrating MEDDPICC with ABM

Start with your go-to-market team and work together on account selection, shared KPIs and aligned messaging. By leveraging MEDDPICC, you’ll have a structured framework that guides your efforts and will have all teams working from synchronized strategies.

Shared metrics and reporting: Align on KPIs that matter, like engagement rates or meetings with the Economic Buyers.

Account segmentation and prioritization: Use MEDDPICC criteria to zero in on high-value accounts. Focus on those with the strongest potential for ROI and alignment with your solution’s strengths.

Continuous feedback loop: Keep iterating, refining and optimizing. Review the campaign effectiveness regularly and adjust as needed.

Level up your ABM

When you bring together the precision of ABM with the power of MEDDPICC, you’re not just running campaigns, you’re creating a precise strategy that drives targeted engagement, bigger deal sizes, stronger customer relationships and better forecast accuracy. At MEDDICC we know that MEDDPICC isn’t just a sales framework, it’s a common language for the whole GTM team. Ready to level up your ABM campaigns? It’s time to speak MEDDPICC.