If you’re just tracking accounts from when they’ve engaged with you, I hate to break the news, but you’re only capturing 5% of your buyers. So what about the other 95%? This is known as the 95-5 rule, which states that 95% of your potential buyers aren’t ready to buy today. Even though that same 95% are “out-market” today, they will be “in-market” in the future. The challenge here is how to get visibility into the entire buying journey of that 95%.
Hello Journey Stages!
Journey stages not only gives you greater visibility into the entire buying journey ( including that 95% who are “out-of-market”) but it also helps you discover and track where your accounts fall in the funnel. This gives you precious time to focus on planning new strategies on segmenting your account lists by stage and easily create staged-based audiences that you can target with customized, relevant messaging and outreach.
What is Journey Stages?
Journey Stages is a tool that identifies where your target accounts are along their buying journey and tracks their progression from unaware to closed-won. It breaks the buying journey into meaningful, actionable sections that can be turned into audiences at the click of a button. You then have crystal clear insight into the journey of the entire account. And it's not just about seeing the buying journey. Journey Stages can pull in activity information from your existing MarTech stack to help you define AND understand your entire buying journey.
What Makes Journey Stages an ABM Game-Changer
Within just a few steps you can identify, and create buying stages of your accounts that illuminate both “in-market’ and “out-market'' accounts that are demonstrating buying signals that could have gone missed.
Here are 5 unique ways Journey Stages allows you to have hyper relevancy at scale:
Customize For Your Funnel
Journey Stages makes it easy for your Sales team to know which accounts are ready for outreach and which ones are more highly engaged so they can prioritize. But customizing your Journey Stages allows sales teams to track accounts through your specific definition of your buying journey and funnel. Not to mention, it gives you the ability to see when accounts go from out-of-market to in-market to sales-ready so you’re reaching them with the right type of outreach and a relevant message at the right time.
Customizing your stage definitions also gives you an opportunity to collaborate with sales and come up with shared definitions for account progression and thresholds for handoff to Sales. Marketing can then provide an accurate picture of which programs are working and where they need further refinement. Go beyond page views and see what programs are actually working and driving high-value content.
About the AuthorFollow on Linkedin More Content by Alysha Parker, Content Marketing Manager