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Why is keyaccountmanagement important? Well, i f you don't have keyaccountmanagement in place, you could leave money on the table, be helpless to competitor threats and put your most valuable clients at risk of defection. Keyaccountmanagement is the secret to grow revenue and customer retention.
Top 10 LinkedIn Hashtags Every KeyAccountManager Should Follow Now You may not know it, but LinkedIn hashtags are an excellent tool for staying up-to-date in your industry, finding relevant and useful information, and expanding your network. Here are ten hashtags that will help you thrive as a keyaccountmanager.
As conveners of the largest community in the world dedicated to strategic and keyaccountmanagement, one of SAMA’s foundational purposes is to help our community both adapt to what’s happening right now and prepare for what may happen next. At the 2020 SAMA Annual Conference (held virtually Nov.
Next let’s investigate the keyaccountmanagement process To be effective at managingkeyaccounts, sellers need a strong and repeatable process in place. Here are a few tips directly from them on how account planning has helped them grow revenue in their most strategic accounts.
For years, KeyAccountManagement (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 managekeyaccounts elsewhere? KeyAccountManagement is not an extension of sales.
Discover game-changing books for B2B sales, customer success, and keyaccountmanagement. Level up your skills and strategies with insights from "Unsticking Deals," "The Innovative Seller," and "The Squiggly Career."
The terms AccountManagement (AM) and KeyAccountManagement (KAM) appear in a lot of business conversations and articles. Elements related to the customer profile and to the competitive position on the account can also be taken into account. Being crystal clear about this will avoid many trouble.
What are your options when you're a keyaccountmanager and ready for your next move? Life after keyaccountmanagement How to prepare for your next career move 1. Life after keyaccountmanagement What are your options when you're a keyaccountmanager and ready for your next move?
B2B Book Club Selection (August 2022) A monthly selection of handpicked business books specifically to help keyaccountmanagers get better results for their clients, companies and careers. We read the winner and each week a summary and companion podcast explore the key themes and big ideas.
KeyAccountManagement (KAM) – Research companies, use KAM technology and maintain momentum. KeyAccountManagement (KAM) – Research companies Larger firms may have access to research and knowledge specialists. Others may find that the M&BD team is responsible for research.
Are you doing keyaccountmanagement the hard way? Effective keyaccountmanagement requires you to increase profits, develop relationships, increase satisfaction, grow revenue, improve retention and reduce conflict. Let's take a look at 7 of my favourite keyaccountmanagement tools.
In this guide, we’ll delve into the intricacies of enterprise sales, their importance, key stages, and the metrics that will help you optimize your strategy as a keyaccountmanager. Beyond the immediate revenue boost, several other advantages make enterprise sales a strategic priority for keyaccountmanagers.
KeyAccountManager or Strategic Ecosystem Leader? KeyAccountManager or Strategic Ecosystem Leader? ? On September 15th, more than eighty KeyAccountManagers (KAM) assembled in Copenhagen and online for a hybrid event. The post KeyAccountManager or Strategic Ecosystem Leader?
Worth a click + B2B Book Club Selection. Knowing how to use a CRM is an essential competency for sales, keyaccountmanagement, customer success and many more. You're supposed to represent the voice of the customer and your organisation, but you lose perspective and neutrality. Listen to your professional instincts.
Because in B2B sales the average win rate of offers is less than 50% and because the #1 competitor to any B2B sales person is the status quo which leads to no purchase and wasted time for all involved parties. Second, AccountManagement , i.e. the management of existing customers. Why does it matter?
B2B Book Club Selection (July 2022) A monthly selection of handpicked business books specifically to help keyaccountmanagers get better results for their clients, companies and careers. We read the winner and each week a summary and companion podcast explore the key themes and big ideas. Why this book?
Every month I share a selection of popular titles to help with your professional development as a keyaccountmanager. Keyaccountmanagers rely on influence to get things done. You need to inspire, align objectives, coordinate resources, prioritize task, manage crises and ask for help when you need it.
Why large accounts are not keyaccountsKeyaccounts are your most valuable customers, and organisations frequently rely on volume to identify them. For many B2B companies, their largest customers represent 30 to 50% of total revenue and margin. Which is why keyaccountmanagement is so important.
This blog is about the fundamentals of KeyAccountManagement (KAM) but that was not the topic I had in mind when I interviewed Joe Edwards. Before we got to that point, Joe talked about his first job as a sales manager at Hewlett-Packard (HP). KeyAccountManagement. KeyAccountManagement.
KAM Glossary (with 65 Definitions) To help strategic accountmanagers / keyaccountmanagers /sales professionals enhance their understanding of KeyAccountManagement (KAM) , this glossary provides clear and concise definitions and explanations of essential terms, definitions, and concepts related to keyaccountmanagement.
KAM Technology & Use Cases in 2025 KAM technology plays a crucial role in supporting these best practices by providing powerful tools and features that streamline and enhance keyaccountmanagement processes. Interested in seeing a KeyAccountManagement solution to help you retain and grow key customers?
Is a keyaccountmanager the same as a sales manager? Meet Anna, a diligent Sales Manager at Brilliant Solutions , a thriving software company specializing in cutting-edge automation tools. Her daily tasks revolve around driving sales, managing the sales team, and ensuring sales targets are met.
It dawned on me the striking simplicity parallel to B2B selling. If you want to run a successful B2B business, it should be focused on acquiring large customers and growing the number of users or products inside those keyaccounts. This is typically done through something called keyaccountmanagement.
Every month I share a selection of popular titles to help with your professional development as a keyaccountmanager. Listen to this article. Here are the book recommendations for September 2022. Table of Contents.
In sales, B2Baccount planning is kind of like plotting a heist, minus the stealing. Here’s what the data say about B2Baccount planning and how sales teams can benefit from creating big plans for big companies. Account-Based Selling = Higher Revenue Growth. The stakes are high, but so are the obstacles.
The world of B2B selling has transformed dramatically in recent years, as the shift towards digitalization has changed the way businesses interact with one another. With the growing size of buying groups in the digital age, it is imperative to consider factors that play into the challenges and benefits of digital keyaccountmanagement.
The quest for the right solution is never-ending in B2B spheres, as organizational needs constantly change and evolve. With digital keyaccountmanagement tools , sales teams can offer numerous advantages over traditional methods, including increased security, convenience, and visibility.
KeyAccountManagement (KAM) focuses on building long-term relationships, and aims to improve customer satisfaction – especially in a B2B scenario. While the keyaccountmanagement practice is demanding, it also offers many benefits. What does a KeyAccountManager do?
As a company, business unit or sales leaders, here are a few facts to keep in mind: First, In B2B, on average, 70% of revenue comes from existing customers. For a blog post on the difference between AccountManagement and KeyAccountManagement, go here. Business Reviews in a KeyAccountManagement context.
What is the role of Sales Controllers and Business Analysts in B2B? Sales Controllers in B2B medium size organisation are usually responsible for the planning, coordination and controlling of sales. Sales Controllers in B2B medium size organisation are usually responsible for the planning, coordination and controlling of sales.
How will artificial intelligence redefine sales management? What long-term influence does digitisation have on B2B sales? KeyAccountManagers had to prepare a visit to a potential client thoroughly. KeyAccountManagers can now call clients in seconds – even to meet them virtually thanks to video and webinars.
Benjamin Franklin once said, “By failing to prepare, you are preparing to fail.” ” In a survey of 226 economists published by the National Association for Business Economics in August 2019, 72% of the respondents said they believe the U.S.
What is KeyAccountManagement? KeyAccountManagement (KAM) is a strategic approach to managing and nurturing relationships with a select group of high-value customers or clients, known as keyaccounts. Book demo The post KeyAccountManagement – What is it?
The KAM CLUB You’re only seconds away from the essential training, advice and support you need for an exceptional career in keyaccountmanagement. In other news + How to Add Customer Value for B2B in 3 Easy Steps. Bain B2B Elements of Value. What do B2B customers value? Your goal is to be the preferred.
What does keyaccountmanagement look like in a major educational institution? We find out with host Harvey Dunham as he takes Liz Pettinger, the Director of KeyAccountManagement and Operations at Bellevue University on to the show.
AccountManagement & Delivery. KeyAccountManagement. A close look at the world of complex B2B sales shows that in best-of-class organisations, the reality is much different: marketing and sales are both involved during the whole sales cycle. The KeyAccountManagement Capability.
Why Don't Clients Make Decisions (and How to Help Them Commit) As a keyaccountmanager, your goal is to keep your clients happy and satisfied with your solutions. B2B decisions are made by committees of people with different opinions. People problems B2B decisions are by committee. What's going on? Disengaged.
In case that person leaves your accounts, the amount they were bringing into the organization is automatically at risk. Why should you adopt Digital KeyAccountManagement? What are some of the benefits of adopting digital account planning solutions for your keyaccounts?
Blick Rothenberg: Annual Landlords survey – Spotlight on EPC Compare yourself live with your industry peers Personalised report: EPC Survey Report Impact of AI on B2B The impact of AI on B2B Report Arrow: Cybersecurity spot check 2023 Cogniclick can be used for assessment and evaluation to support consulting and sales conversations.
B2B elements of value Now I know KPIs aren't for everyone. For an alternative approach, check out the B2B Elements of Value Pyramid. Bain has organised 40 distinct kinds of value that B2B solutions provide customers into a pyramid with five levels. See if you can find at least five elements that matter to your client.
He specifically focuses on the niche area of Product Tours, which he describes as interactive click-through demonstrations that strategic-minded KAMs can use to create a meticulous customer experience before, during, and after meetings with their key contacts.
Here I summarise brand, referrals, research, keyaccountmanagement (KAM) and new service development case studies. At law firms: Addleshaw Goddard, Collas Crill, LawNet, Ontier, Schillings and accountancy firms: Menzies, Mercer and Hole. The first B2B thought leadership campaign “Poets” achieved 3.2m
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Success lies in a tailored, strategic approach to customer success management. One that leverages KeyAccountManagement (KAM) principles to retain customers and transform them into brand advocates. Shockingly, just over 20% of B2B companies consistently measure and act on insights from customer experience.
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