Product Led Growth and Account-Based Marketing - Working together

abm plg Sep 06, 2023
PLG & ABM - Working Together!

Product-Led Growth (PLG) and Account-Based Marketing (ABM) can seem at odds with one another given their distinct approaches, but they can work harmoniously if executed thoughtfully. In fact, integrating them can create a more comprehensive growth strategy that's both bottom-up and top-down. Here's how they can complement each other:

1. Leverage Product Data for ABM Targeting:

With PLG, you often get deep insights into user behaviors and how different types of users engage with your product. This data can be invaluable for ABM to target the right accounts with the right messages. For instance, if a particular enterprise account has a lot of active users in a freemium version of your software, they can be targeted for an upsell campaign.

2. Using ABM to Accelerate PLG:

ABM's highly targeted approach can help accelerate PLG in key accounts. If you identify high-value accounts using your product's freemium or trial version, ABM can deliver tailored content and offers to push them towards conversion faster.

3. Refine Onboarding Based on Account Insights:

ABM can offer deep insights into the needs and challenges of specific accounts. This can be used to tailor the onboarding experience for users from those accounts, ensuring they see value faster when using your product.

4. Support Large Deals with PLG:

For enterprise software companies, closing large deals often requires buy-in from multiple stakeholders. PLG can help here by allowing various stakeholders to try the product, while ABM ensures they get the right level of support, information, and nurturing during their evaluation process.
 

5. Upsell and Cross-sell Opportunities:

If a particular account starts adopting one product at a rapid rate (a PLG signal), ABM tactics can be employed to cross-sell other complementary products to that account.

6. Feedback Loop:

The feedback from individual users, which is a hallmark of PLG, can be valuable for ABM. Understanding specific user needs and challenges can inform more targeted, personalized outreach to the account decision-makers.

7. Unified Messaging:

While PLG often focuses on user-centric benefits, and ABM looks at enterprise-level value, combining these messages into a unified narrative can be very powerful. It ensures that whether you're talking to an end-user or a C-suite executive, they get a cohesive understanding of the product's value.

8. Events and Webinars:

Host events or webinars that cater to both audiences. For instance, you can have product workshops (PLG-focused) and strategic discussions or industry trends (ABM-focused) in the same event.

In essence, while PLG and ABM have different methodologies and focal points, they can be two sides of the same coin when it comes to growing a business. The key is to find the overlap, ensuring that individual users get the product experience they need, while high-value accounts receive the tailored attention that maximizes their lifetime value.

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