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“It is not enough to do your best. You must know what to do, then do your best.”
– W. Edwards Deming
B2B Account Planning Tips:
Our experience shows that the majority of Account Manager relationships are limited to a single or a few individuals within the account.
Not surprisingly, most organizations that adopt a formal account planning process create strategies or initiatives to establish new relationships, particularly with the more senior contacts.
Identifying and cultivating new relationships within an account should be straight forward. Still, most account managers create a mental obstacle that leveraging existing relationships may cause injury to the relationship. Requesting access or an introduction to a person’s boss or colleague requires a bit of finesse, but executed correctly can yield significant results.
Understandably, people can be sensitive when it comes to their boss or colleagues, and the request could raise eyebrows.
Either as part of an Account Plan or a stand-alone effort, build a map (org chart) of your existing contacts and others you desire to engage. Then apply attributes to these individuals to segment who is a friend or foe and how they might influence your growth and retention efforts.
In addition to your CRM, billing and order/contract management systems contain contact information that may help identify individuals to add to the relationship map.
Manually search for contacts from sources such as LinkedIn, the company website, industry forums, and social media channels. Web searches using Boolean queries of company name and titles (e.g., VP, CXO) can provide articles that mention, or quote company contacts can be added to the relationship map.
Once you’ve identified additional potential contacts from previous steps to add to your relation map, you should then utilize LinkedIn’s capabilities to identify 1st, 2nd, or 3rd level connections of the contacts you wish to engage. In addition to individuals within your own network, regularly you’ll find individuals within your company that are connected to persons you need to engage. Prioritize connections to approach for support and add them to the relationship map as well.
There is more than one way to cook an egg, and there are at least as many contact engagement options. The options that best apply to your account depend on factors such as your tenure with the account, the length of time they’ve been a customer, which contacts you need to engage with, and the overall relationship status between your firm and theirs, to name a few. My next post will be dedicated solely to this topic.
Improving your chances of succeeding with new contact engagement depends on your ability to identify, prioritize, and mobilize other individuals (internal and external) to help you. Enlisting senior leaders from your company, suppliers, consultants, and personal relationships increases the number of options you can consider. Doing this well can reduce the risk of injury to your current contact relationships.
Click Here to Read Part Two