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Seven key drivers of strategic accountmanagement to helps SAMs leverage customer insights and co-create value in the face of industry disruptions. The post The Essential Seven Factors for Unlocking Strategic AccountGrowth appeared first on Strategic AccountManagement Association.
Understanding the difference between landing new business and managing existing accounts is critical for your sales organizations success. On the surface, sales and accountmanagement have similar goals: Build strong relationships with customers and increase profitable revenue.
Why is key accountmanagement important? Well, i f you don't have key accountmanagement in place, you could leave money on the table, be helpless to competitor threats and put your most valuable clients at risk of defection. Key accountmanagement is the secret to grow revenue and customer retention.
Definition of key accountmanagement. If you're not sure what key accountmanagement is, don't worry, you're not alone. In other words, spend more of your time and resources on the clients with the best growth potential. Before we get to that, let me explain how key accountmanagement became a business strategy.
15 Reasons Why You Might be a Bad AccountManager Bad key accountmanagers fail to build business relationships and achieve results. Here are fifteen signs you might be a bad key accountmanager and how to turn yourself into a good one. Account plans are help you define your key account strategy.
21 free courses for key accountmanagers to boost your skills now A key accountmanager has to grow and retain their clients. Find out what those skills are, along with 21 free courses to help you become a better key accountmanager. Need more help to improve your key accountmanagement skills?
In this episode Jenny breaks down the three key areas to focus on if you want to maximise the growth of your existing client accounts in 2025: Client-centric accountgrowth 1. They have client development plans in place and work differently with ‘growth’ clients than maintenance clients.
Do you know how the top key accountmanagers (KAMs) become the top KAMs? They don’t just respond to an account’s needs—they anticipate them, creating proactive strategies that build trust and deepen relationships. Key Focus Areas for High-Impact AccountManagement Teams 1.
For years, Key AccountManagement (KAM) has been confined within the walls of CRM systemsSalesforce, Microsoft Dynamics, and HubSpot. The logic was straightforward: if customer data already lives inside a CRM, why manage key accounts elsewhere? Key AccountManagement is not an extension of sales.
So is AI expected to eat up your Key AccountManager’s jobs as well? It depends on your Key AccountManagement (KAM) maturity level, your approach to your KAM program, your goals, and how you want to roll with the AI punches. The dreaded side instils fear that it will usurp the role of the Key AccountManager.
25 problems that stop key accountmanagers from doing their job Favourite books about problem solving Coming up: How to Build a Successful Executive Sponsorship Program Just for fun: #GorgeousGrandma Day In other news Quote of the week. Key accountmanagement is a role that requires both sales skills and strategic thinking.
What’s the most useful skill you need in your AccountManager role and how much formal training have you received? This was the question I posted in a LinkedIn AccountManager Group. Top 10 Skills and Expertise You Need As AccountManager. Essential AccountManagers Skills Varies for Each Industry.
What is Strategic AccountManagement and Why It Matters Strategic AccountManagement (SAM) manages and grows relationships with an organization’s most critical and high-value customers.
Easy to Use & Customizable: Editable format designed for fast adoption, tailored to your account structures. Built by KAM Experts: Leverage insights from a platform trusted by enterprise leaders in strategic accountmanagement.
It has prioritized lead and opportunity management over accountmanagement. Guided by both the industry and the CRM solutions they were using, businesses and organizations never really dug into real accountmanagement. A vital key to strategic accountmanagement is creating value for the customer.
Why isn’t everyone successful when it comes to key accountmanagement? The 5 Challenges of Growing Key Accounts. Key accounts are complex, dynamic clients that continuously evolve. In other words, your key accounts are rewarding business to vendors they view as “strategic partners.”
In this episode, I talk to Alex Raymond from Kapta about everything to do with accountmanagement processes. Not project management systems, not CRM systems, but having a dedicated system to guide the agency accountmanagement team, when it comes to managing and delve developing existing client relationships.
Account Planning Growth Strategy For businesses looking to grow their revenue and achieve their goals, an effective accountgrowth strategy is essential. This strategy involves developing a comprehensive plan to manage and grow the customer accounts that are critical to the business’s success.
She ended up signing up for my one year Account Accelerator training and coaching programme. Matt Loughlin and Emily share the journey on episode 125 of the Creative Agency AccountManager podcast.
There’s an accountgrowth problem for agencies with hybrid accountmanagers. When I say ‘hybrid’ I mean, you are responsible for accountgrowth but you’re also responsible for delivering projects. Why does it create an accountgrowth problem? Skillset a.
I speak to multiple accountmanagers (AMs) every day. Hybrid’ AMs (project managing as well as responsible for accountgrowth) particularly struggle. Accountmanagers generally want to be more informed. And it frustrates them. Why is this stopping AMs thinking ahead?
I read as many reports I can about the state of agency accountmanagement and it makes for grim reading. “I But I think the agency business model and how accountmanagers are set up in their roles needs an overhaul before the finger is pointed at their lack of skill/abilities.
Why do accountmanagers miss new accountgrowth opportunities in client meetings? What are the key benefits (to the client) of an accountmanager asking great questions?: What are the key benefits (to the accountmanager) of asking the client great questions?
A challenging market in recent years has caused many companies to reconsider how they balance new account acquisition with existing customer expansion. Keep reading for 3 practical shifts your organization […] The post 3 Practical Ways to Optimize AccountGrowth appeared first on SOAR Performance Group.
While preparing for a seminar with David C Baker , I’ve been reflecting on what de-motivates accountmanagers. Unlike many agency advisors, David has invested in profiling accountmanagers. Not only could I recognise myself, but I have been training accountmanagers since 2016 and can validate his findings.
In the intricate world of business operations , the distinction between roles in sales and client management is pivotal. Specifically, sales positions such as Account Executive and AccountManager are critical in driving a business’s success. Who is an Account Executive? Who is an AccountManager?
Strategic AccountManagement in B2B Welcome to our comprehensive guide on strategic accountmanagement. Whether you’re an experienced strategic accountmanager or aspiring to become one, we share the knowledge and skills needed to excel in this critical role.
I was chatting to one of my clients recently about the benefits of introducing accountmanagement in their agency for the first time. When you start an agency, typically you start with project management. As a small, agile team it makes sense for project managers to be responsible for client management.
Why do accountmanagers not cross sell and upsell during client meetings? They realised that their front-line accountmanagers weren’t set up for success in this area and/or they needed to upskill their entire team because they didn’t have accountmanagers! How can accountmanagers be more confident?
A well-tuned system can mean the difference between a team that’s reactive and one that’s actively driving accountgrowth. Automation elevates this by streamlining processes, freeing up reps to focus on high-value activities like building relationships and uncovering growth opportunities.
Understanding AccountGrowth Strategy In this section, we will take a closer look at the intricacies and purpose of accountgrowth strategy. Understanding how to effectively implement this strategy is crucial for long-term success in maximizing your business growth and revenue.
At the heart of every thriving enterprise lies a keen focus on business relationship optimization , a task achieved through strategic roles that many might find overlapping—AccountManagement and Customer Success.
How to Succeed With AccountManagement. Let’s show you how to get the most out of your accountmanagement! In this blog, we’ll break down the concept of accountmanagement, and why it’s so important in order to drive a successful business in today’s increasingly complex B2B industry. Back to blog.
What does this mean for accountmanagers responsible for accountgrowth?: What does this means for you? Saw success on a particular marketing activity and elected to spend more on it (36%) What this means for you: Are any campaigns / services working well for your clients right now?
You can’t just expect clients to treat accountmanagers as ‘trusted advisors’ because trust has to be earned. And high accountmanager turnover is expensive for the agency – both in terms of hiring costs – but also disruption to clients. Let’s look at the first point above.
The accountmanager’s role is hard. It involves dealing with constant requests and issues from: Clients Colleagues working on the account Agency leaders Some days dealing with just one can be a challenge, let alone dealing with all three at once. Some argue it’s the hardest in the agency.
Key accounts are the 20% of accounts that generate 80% of your company revenue. Before attempting to develop a key accountmanagement strategy, you must know how to identify these key accounts. Accurate identification will help you avoid rashly categorizing tail accounts as having strategic value.
In a discussion in the LinkedIn AccountManager Group, I asked AccountManagers “Can you recommend some of the best questions you ask your clients” Many AccountManagers from different industries offered their suggestions based on their knowledge and experience. *Updated January 2022.
One of the buzzphrases swirling around the sales stratosphere over the last few years is Strategic AccountManagement, or SAM. What is Strategic AccountManagement? Hence, the best strategic accountmanager is not necessarily your best sales rep (we’ll talk more about that later).
This cost-saving benefit is achieved by streamlining processes and eliminating inefficiencies, allowing marketing teams to allocate resources more effectively RevOps is more than just a framework—it’s the backbone of transformative business strategies like Account-Based Marketing (ABM), Product-Led Growth (PLG), and advanced sales enablement.
While CRMs can serve as the global warehouse for customer data, they were not purpose built for KAM and they alone do not provide the actionable intelligence required to drive key accountsgrowth. Why CRMs Alone are not Adequate for Key AccountManagement. Empowers accountmanagers to drive key accountgrowth.
. – and how you can differentiate yourself from any management consultancy that might be posing a threat to your client business. He also shared some top tips from his many years working in accountmanagement. I hope you enjoy this chat with Richard.
Michael Farmer, a management consultant who has studied creative agencies for 30 years, said this during our recent interview : “Accountmanagers need to be more like Bain consultants” He was referring to the fact that clients aren’t seeing an ROI from working with agencies.
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