Mar 16, 2022
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Account Based Marketing with LinkedIn ads. Exactly what to do for the best results. Coming right up on this week's episode of the LinkedIn Ads Show.
Welcome to the LinkedIn Ads Show. Here's your host, AJ Wilcox.
Hey there LinkedIn Ads fanatics. So Account Based Marketing is hot in the B2B sphere. There are so many different companies with ABM offerings, and it's literally become a buzzword in the B2B community. It's really interesting to me because LinkedIn Ads has had the ability to target specific companies with ads since it debuted in 2008. It continues to be, in my opinion, by far the best way to do Account Based Marketing. So on this episode, we're going to go over exactly what ABM is, and how to do it effectively with LinkedIn. We'll also cover what sort of content and offers work well, and the basics of how to segment your campaigns. Make sure to listen all the way to the end, as I'm going to be sharing my top five favorite ABM tactics. Okay, jumping into the news here, you may have noticed that banner at the top of account manager letting you know that there's going to be a new left hand navigation for campaign manager. Well, we got it on some of our accounts and I was pleased to report, since we talked about this in last week's news, that is actually pretty cool. A new addition here is under assets, there's asset history. And that's kind of cool. We haven't had any sort of historical record keeping of anything in the accounts up to this point. So I'm excited to see that. Something else that I really liked about it is it removed the extra step of switching between accounts, which we obviously as an ad agency, who is running LinkedIn Ads, and we're running a lot of them, it's quite a pain to back out of an account and then go back into another one. Well, now it's a very quick click to stay right within campaign manager and just switch accounts. Alright, let's jump into ABM. Let's hit it.
2:00
So first off, I think we have to define what ABM or Account Based
Marketing is, because it really has become a buzzword and it's
something that CMOs and other marketing professionals throw around,
and may not actually know what it means or how it applies to their
own marketing efforts. So by my own definition, Account Based
Marketing, or Account Based Targeting, or Account Based Sales, it
all revolves around the same idea that we are targeting specific
companies by name. The way you can think about this is a company
can go out and try to acquire as many customers as they want., but
Account Based Marketing is all about saying, well, actually, we
know a handful or more than a handful of the companies who would be
perfect for us, they would be our ideal customers. In that case,
you could have a separate effort where you're going after those
handful of excellent ideal customers, while still trying to attract
the majority of the other accounts, while still trying to attract
other business from the rest of the industry. In our case, we
specialize in the largest and most involved in highest spending
accounts on the LinkedIn Ads platform. And so we know who a handful
of those larger players are that we would love to get to work on
their accounts. So of course, we want to show ads specifically to
them, because any one of those would be a fantastic partnership for
us. So my question to you is, who should be doing Account Based
Marketing? For me, for a long time I've been telling people, not
everyone should advertise on LinkedIn. For some companies, the
costs are just too high to make it profitable for them. For
instance, if you're a SaaS software that selling for, you know,
$100 a month and you don't have contracts, it's likely going to
take a long time to recoup any sort of investment. And it may not
be possible to show a return on your investment on LinkedIn. But as
Account Based Marketing is concerned, I actually do think that
every B2B company should be doing it. Because no matter what you
do, chances are there are a handful or, like I said more than a
handful of companies who would make perfect customers for you. And
even if everyone is paying exactly the same amount for your
software, you can imagine that there are some brands that would be
so worthwhile to have as customers. You could show their logo, you
could do case studies about them and leverage their logo, their
brand presence, to help elevate your own brand. So you might be
willing to take a loss on your advertising, just to bring a brand
like that in because it brings all of that credibility, and
additional social proof that will help you get a lot more deals in
the future. Chances are though, if you're listening, you've already
been using LinkedIn Ads and so adding on an ABM element to your
campaigns isn't going to be that huge of an addition. And in fact,
you're probably already doing it. So let's dive in a little bit
deeper. So like I mentioned, back in 2008, LinkedIn let us target
specific companies by name. This is back when they had 1000
audience minimum for any sort of advertising. Thank goodness since
been lowered down to 300. But even then, as we're talking about
ABM, you'll see this is still pretty restrictive. And the way this
has always worked is when you go down to select your different
audience attributes, you'll see company name is one of the ways
that you can target and it's always been this way. In fact, it
still is, if you go look for it. And this is great. We still use
this quite regularly. The challenge, though, is that, when you use
this targeting feature, you're only able to target up to 200
accounts at a time. So let's say that you had an account list of
maybe it's the fortune 500. Well, because you can only target 200
companies at a time through this, you'd have to have three separate
campaigns. Campaign one targeting the fortune 200, campaign two
targeting 201 through 400, and then the third campaign that's
targeting just the last 100. You could see how this would be a
little bit of a pain to manage and in fact, we've done this for a
long time. But luckily for us, back in 2017 LinkedIn released what
they called matched audiences. What this allowed us to do is
actually upload a list of either individuals that we want to be
able to target on LinkedIn or we can upload company names as a
list. With this list upload, now we can upload up to 300,000 rows.
So you might ask me, AJ, why would you ever want to manually input
those company names into a campaign? Well, there are a couple
benefits. And this is, of course, if you want to target fewer than
200 companies at a time, then I would still recommend this. And
there are two reasons for this. The first is when you manually
input them, any suggestion that LinkedIn gives you, it already has
a 100% match rate. So if you start typing the name of a company,
and it pops up, you are targeting that company, no ifs, ands, or
buts about it. Whereas with the list upload, you always have to
worry a little bit about your match rate and did you put it in the
way that LinkedIn wanted to see it, and you won't know until you
upload it. The second benefit here is that you'll be able to start
targeting that company immediately. Whereas if you upload a list,
chances are you won't be able to start using that for about 72
hours. And trust me, I know LinkedIn says it will take a maximum of
48 hours. But in our experience, it is 72 hours. Please fix that.
So if I'm ever targeting a list of fewer than 200 companies, I'm
probably going to want to input them manually and that's a huge
pain. So you might be thinking, AJ, you're crazy, don't do that.
Well, I really only have to do it once. Because once you've ever
entered 200 of anything, you can always save that audience for
later. And then you can go and apply that in any other campaign
that you want to. So yeah, it's a pain to put it in once, but once
it's in there, you can reuse it again in the future. The other
thing is, once you've uploaded a list, you have like 30 to 90 days
basically to use that list in your advertising, otherwise, LinkedIn
forgets the list. It's a bit of a pain, you have to go back and
reupload the list, wait another 72 hours for it to finish
processing, and only then can you use it. So working with lists on
LinkedIn is really frustrating. But of course, if you're doing a
lot of Account Based Marketing, it really is nice to have these
lists uploaded and ready to go.
8:29
So if you want to upload your first list, what you do is if you're
on the old UI, you'll go to Account Assets, and then Matched
Audiences. If you're under the new UI, the new left hand
navigation, it'll be under Plan Matched Audiences, you then select
Create Audience and then you decide whether you want to do a
Company List or a Contact List. Both of them will have a template
that you can download into Excel. So because we're talking about
ABM here, we're going to talk just about company lists. But of
course, contact lists are also great, very much deserving of their
own episode. After you download that template, open it in Excel and
you'll get to see all of the different headings of the columns that
LinkedIn will accept. And so right now, at the time of recording,
we have company name, we have domain name like the website URL, we
have the email domain, we have company page URL - the URL for how
to find this company on LinkedIn, we have stock symbol if they're a
public company, industry, city, state, country and zip code. And of
course, if you have company page URL, that's probably going to
match it 100%. I can't imagine how LinkedIn would not match that,
but if you don't just magically have that information from your
data source, we found that company name and domain tends to work
pretty well here. Then you can upload that CSV file and then wait
for like I said, 72 hours until it finishes processing, and then
all of a sudden, it will be ready to use in your account and you
can start actually advertising to these people. So now that you
have this list, you have to go in and create a campaign, or edit a
campaign to start using this list. So what you do is when you're in
the campaign settings, you scroll down to the targeting criteria.
And you'll notice that the first one says, audiences. When you
click audiences, there will be list upload and then you'll see
company or contact list. Click on the one of your choice and you
should see the list that you've uploaded in this list. Alright, so
a quick pro tip, you actually don't have to wait until your
audience is totally done processing to associate it to a campaign.
We know until that list has finished processing, the campaign won't
run. But you could still build the campaign and get it associated
here so that as soon as it finishes processing, like the second,
all of a sudden the campaign will be running. It could save you
some time. I will mention here that it's really important to
understand that there are two different things you can do with
these lists. You can associate a list as either an inclusion or an
exclusion on a campaign. And we'll talk a little bit later about
why this is important, but it is my firm belief that because of
LinkedIns great targeting capabilities, Account Based Marketing is
just as much about exclusion as it is about inclusion. Okay, so
you've uploaded this company list into your match audiences
section. If you go back to your matched audiences section, and you
click on the name of that list, once it's done processing, you now
have a very powerful dashboard. But we'll get into that a little
bit later. What I want to call your attention to is right there at
the top, you will see two tabs, one says Matched and it will show a
number, the other ones will say Unmatched and show you a number. So
I'm looking at a list right now in my account where it says Matched
274, Unmatched 1. So if I click that unmatched tab, it'll now show
me the companies that I uploaded as a row in my list that LinkedIn
didn't know who they were. So if that's a really important company
to me, I can go and recreate a new list and make sure I get it
right this time. I could even go to LinkedIn search for that
company, get the URL for the company page, and then upload it
again. I'm sure that's going to clear and get me 100% match rate.
Okay, so now that you know how to do this, we get to start talking
about the actual theory here, that strategy about what you're going
to do with these lists and how to structure your Account Based
Marketing effort or campaigns. First off, you really need to decide
how you're going to segment these companies. I mentioned before
that you have to have at least 300 people in an audience for
LinkedIn to let you run that campaign. So let's say that there's
one company that you want to specify, you may even want to call out
to that company in the ads, like, hey, IBM, we have a solution for
you. Well, as long as there are at least 300 people at that company
that you want to see your ads, then you're good to go. You could
create an entire campaign focused just on the company IBM and layer
your targeting on top. But let's say you're just targeting
marketers who are VP and above, well, I know IBM, and this example
is a large company, but I don't think that they have more than 300
VPS or above of marketing and so you may have to combine this
campaign with other company names. Maybe it's a handful, maybe it's
a 1000 other companies, who knows, but you do need to make sure
that you get at least 300 people in an audience in order to
advertise. So depending on the size of the company, and the number
of potential prospects at each of those companies, you can do the
math and figure out if you can do this one to one where it's a
whole company per campaign, or if you have to include multiple
companies in your campaign. If you can do that one to one, it is
amazing, because like I mentioned, you could call out to that
company in the ad copy and we know that if you call out to
accompany in the ad copy, it's going to perform well. Everyone
likes to see their company mentioned in their newsfeed. And of
course, you'll want to segment your audiences, usually by
something. I mean, if you have to combine multiple company names
per campaign, you'll probably want to have some sort of a logical
grouping there. So for instance, you might have a group of large
companies versus full enterprise size, or you might have a list of
local companies, you might have a list of companies that are warm,
versus a list of companies that are cold. However you decide to
organize your lists. You'll want to upload those lists separately
and keep track of and because you're likely already advertising on
LinkedIn, you have a bunch of other campaigns. What I would do is I
would put the term ABM or list or something like that, in all of
the campaign names here. And what this does is if you ever want to
check the performance of your Account Based Marketing campaigns,
you can just go into the search box inside of campaign manager, and
type ABM, or type list. And immediately, it'll show you all of your
results. Pretty cool. I get asked a lot about, hey, how large
should my audiences be when I'm using ABM. You know, if I'm telling
you how to run an evergreen campaign on LinkedIn, I'm going to tell
you that my preferred audience sizes are between about 20,000 -
80,000. And really, the only risk to having a small audience is
it's probably just not going to spend very much. But if it's worth
your effort to create it, it's probably worth running. This
definitely applies to ABM campaigns. If I have a whole bunch of
campaigns that are targeting 300 people, I'm okay with that. I know
it's a lot to manage., if you had an account with like 1,000
campaigns, all targeting, let's say the fortune 1,000, that would
be a lot to manage. That's a lot of campaigns for sure. But of
course, we're talking about small audiences, which aren't going to
spend very much, and it's probably never going to get out of
control and be impossible to manage. So the moral of the story here
is don't worry too much about having too small of an audience size.
When you're doing Account Based Marketing, it's kind of the point
to have a very focused audience that you can show to. I've noticed
a lot of advertisers will go and upload a list and then they'll try
to target job titles at that list of companies. And what you need
to understand is that job titles are way, way too exclusive to use
for ABM, usually. And that's because LinkedIn only understands
about 30% of job titles out there. So it means you're probably
going to be ignoring the 70% of your audience that's at each one of
those companies, which is not in your favor. I mentioned, don't
worry about your audiences being too small, well, it's still a good
thing to make sure you're hitting as many people at your target
company that are a good fit for your message as possible. So my
favorite way to do this, if I can, if this makes sense, is on top
of the company list, I'm going to layer on job function and
seniority. And this is the most broad way of targeting a persona.
But of course, if job function is too broad, you can always narrow
in by skill. Skill is the next most broad, and I found that to work
quite well. So you could do skill with seniority to get the highest
number of your target audience at that company to be included in
your targeting. I also get asked a lot about, hey, I'm doing
Account Based Marketing, but it doesn't seem to be working, what
could be going on? And what I want you to understand is that just
because you're doing Account Based Marketing and going after
specific accounts, doesn't mean that your performance is actually
going to improve. In fact, if your ABM audience is a cold audience
to begin with, they don't know you exist, they've never heard of
your tool or your company or anything like that, they're still
going to be a cold audience, which means they're going to act cold.
And on top of that, usually an ABM list is full of larger
companies, these big fish or whales, and I know many of our
listeners represent these companies. When you're at a giant
company, you just have people trying to solicit you trying to sell
you all the time. It's so so annoying when I've been in that
position. So that means that when you're going after these large
companies specifically, you might see your performance drop just
because a) they're cold and b) they're tired of being sold to. But
this could work in your favor, because it would be exactly the same
thing for your competitor. So it leaves a wide opening for you to
go in being creative and being strategic. So once you've segmented
your companies by list, let's say we're doing something like public
companies versus non public, or early stage startups versus medium
to large, however you're doing this, you need to decide what sort
of offers and what sort of ads you want to show to them. You could
decide to do like, hey, we don't have a contact at this company yet
so we're gonna show gated content to them and try to find at least
one contact per one of these companies to then be able to reach out
to. Or you might say, this list of accounts that we're going after,
our sales team is actively trying to get in with them, so maybe
we're going to show them ungated content, maybe it's a blog post,
maybe it's a case study, maybe it's a guide or something that's
just purely ungated because you want as many people from that
company to consume your content and keep your company top of mind.
You get to decide what your priority is there. One way that we've
done this in the past is you have different lists for different
stages of the funnel. So for instance, you might have a list of
company names, who were leads, let's say last quarter, and never
closed. You might have a different list who were leads that were
generated from this quarter who haven't closed yet. So you could
upload these lists into two different campaigns, and give them
nurture in whichever way that you would find most beneficial. Of
course, that can be a lot of work to manage the lists you have by
what stage of the funnel they're in. Then you end up having to
compare these Excel sheets between quarters and figure out who
dropped off of that list or who's been added to it so that you can
re upload those lists to LinkedIn and start using them again.
20:33
So if that sounds like way too much work for you, what I would
suggest doing is using a flighting strategy. And the way flighting
works is you have an entire audience that you're going to show a
specific offer or specific ads for a certain amount of time. And
then once you feel like you've probably saturated that audience
enough, you can turn those ads and offers off and launch something
new. So this is kind of like time based retargeting. But we're not
relying on LinkedIn to put people into an audience to target them
with ads later, we're showing a unified message to our prospects
for a certain amount of time and then we move on and tell them a
different story, or update them, take them a little bit further
down the funnel. But of course, this isn't nearly as precise. And
the reason why is because you could theoretically flight ads for
let's say three weeks and maybe there's a big chunk of your
audience, let's say 10%, who never even logged in during those
three weeks. And so chances are some will come in and log in for
the first time during your flighting on your second or your third
flight. Flighting is the strategy that TV advertisers and radio
advertisers have been using for years and years. It definitely
works. It's less precise. But hey, maybe that's okay.
21:52
Your other option is actually to create an automated funnel by
using LinkedIn retargeting. Well, we know that your minimum
audience size is 300, to even start showing a campaign and so that
means in order to even have a second step to your funnel, you've
got to get at least 300 people to take an action. With an ABM
campaign where your audience sizes are small to begin with, it
could take a lot of time to actually build out that audience. I
like the idea of using flighting strategy to begin with while
you're building those retargeting audiences, and then once those
are built significantly, then you could switch your strategy over
and use an automated funnel, where you're targeting the group of
your audience and then any of those who have taken some sort of an
action, then they're removed from that audience and instead,
they're targeted in a separate campaign where you're just targeting
people who have taken that action. I hope that's clear. Alright,
here's a quick sponsor break. And then we'll actually dive into the
bidding the budgeting and limitations of Account Based Marketing on
LinkedIn.
22:55
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23:05
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23:32
Alright, let's jump into the nitty gritty here. So first off with
bidding and budgeting on ABM campaigns, you don't really have to
worry too much about a budget, assuming that these are a small
audience size. Remember any audience on LinkedIn that you choose,
let's say the number looks big, let's say has 20,000 people in it.
Well, we know that not every one of those people is going to be
logged on to LinkedIn on any given day. And then if you're running
sponsored content, you'd be lucky if 1% of those people clicked on
your ad. So most of your ABM campaigns, assuming a small audience
size, probably aren't going to spend very much, but it's probably a
good idea to give them a little bit of wiggle room, set your
budgets kind of high just in case. So that's your budgeting, and
you just kind of want it out of the way so it doesn't stop your
efforts in the midday. But with bidding, you have two different
options here. You can either use LinkedIn automated bidding, or
maximum delivery, or you can do manual CPC bidding. Both of them
can work well. I would just suggest if you are doing manual
bidding, you'll want to bid pretty high, like pretty aggressively,
because if you can imagine you've got a list of very high value
companies here. But of course, the people at those companies are
also part of a whole bunch of other marketers lists. Some of them
probably have really high performing ads, really good offers. And
so in order to win out and have your select few people get shown
the ad over one of your competitors. you'll need to make it worth
LinkedIn's while. And if you've been listening to me for a while,
you probably know that I usually recommend bidding either at the
low end of the recommended range, or even significantly below it.
But with ABM campaigns, I kind of flip the script and I'll start
out by bidding on the high end of the suggested range. Like I
mentioned, with the limitations of building any audience on
LinkedIn, you have to have at least 300 audience members in order
for the campaign to run. So that does make it pretty hard to
customize messaging right to an individual company. But if you do
want to do that, sponsored messaging ads will let you insert what
LinkedIn calls macros. It's dynamic messaging, where you can insert
the person's company name, right into the content of the ad. So if
sponsored messaging is a good ad format for you, then it can work
really well for ABM because you could have a list that you're
targeting of 1,000 different companies, but the ad will still show
up and say, Hey, we love marketers at IBM, and whatever company
they represent, they'll see it in the ad, could be very cool. One
of the biggest limitations, though, to using LinkedIn for your ABM
efforts, is of course, that you're probably not going to reach
these folks outside of when they're on LinkedIn. So if you want to
get in front of them around the whole web, yeah, you'll probably
have to use one of the many ABM vendors out there, and they can
work well. But if you're okay, just hitting them while they're on
LinkedIn, you're in luck. Because of that, I also do recommend
using LinkedIn Audience Network on any of your ABM campaigns
because at least then you'll have a chance at showing them on other
sites other than just LinkedIn. You'll reach them a little bit more
often, which is cool. And I mentioned that there are quite a few
ABM specific vendors out there. And they have a lot of limitations
compared to LinkedIn. Of course, the cool part is that they can
reach your audience on other ad inventory outside of just waiting
for them to come to LinkedIn, which obviously people don't spend a
ton of time on LinkedIn on average, but they do have quite a few
limitations. Like for instance, they're trying to identify
companies by the IP address that they're visiting from. So you
could imagine, yeah, for large companies, where if an IP address is
communicating, it's coming from one building on a Microsoft campus
somewhere. And yeah, you could say, chances are that's coming from
Microsoft. But what about all those users who still work for the
company, but they're using their mobile phone on the subway, or
walking around the city, and they're not on Wi Fi, you lose them
there. And then quite a few of these companies also rely on
cookies. And we've had this conversation before in previous
episodes, where cookies are just really scary right now, because
they're going away. So if you're relying on a cookie, tying
someone's identity together, you're going to lose that data
eventually. I'm going to read off a few of these Account Based
Marketing Tools, or platforms. I'm sure these will sound familiar
to a lot of you. Across all of our accounts, we've managed, we've
gotten a chance to use the vast majority of these platforms. We've
used Terminus, we've used Metadata, we've used 6sense, Demandbase,
Engagio and they all have their own technology, their own pros and
cons so it's definitely worth checking them out. And obviously, I'm
a little bit of a LinkedIn nut. So you can take anything I say with
a grain of salt here, but I just haven't found any of these ABM
vendors that can beat native LinkedIn advertising. Of course, the
downside is you're always waiting for them to come back to the
platform. If they're not spending a whole lot of time there, you
may need to reach them on other platforms. So more often than not,
this is a combined strategy of run this on LinkedIn, as well as on
one of these other ABM vendors. When you're using one of these ABM
vendors, though, you probably want to make sure you have a pretty
significant size of lists of companies in order to really make it
make sense because they're going to charge you a minimum fee just
to work with them. Then of course, the ad inventory itself, because
they're showing across like the Google Display Network, for
instance, it's not all that expensive. In order to make it
worthwhile, you do want to a pretty large list. So before I
mentioned that when you click on the name of the company upload
list, that there's a dashboard, and this dashboard, I don't know
what to call it other than I call it like an ABM Performance
Dashboard. What it does is it shows you all of the companies that
you've uploaded, along with their performance from your ads, and
it's going to always show this to you for your last 90 days
combined. There are two different ways that you can break this
down. The first is Engagement and the second is Details. So if you
click on the Details break down, it's just going to show you all of
the details about that company that you uploaded. It'll show you
things like company name, industry, company size date added,
domain, etc. This isn't a source of information where LinkedIn
gives you a readout. They're only going to give you something here
if that's what you uploaded. So if you didn't upload stock symbols
or the company's domains, it's not going to give it to you back.
Probably, what you're going to find the most interesting here is
engagement. Under the engagement drop down, it's going to show you
the company name, it's going to show you an engagement level by how
engaged LinkedIn thinks this company is with your ads, the number
of members from that company targeted, the number of campaigns
they're targeting that company, the number of impressions that that
company was served, and ad engagement, like a click through rate
combined from that company. There's even organic engagement,
because LinkedIn obviously knows how many people from that company
are engaging with your company page, or even your ads, because
they've been shared by one of their coworkers. And finally, there's
website visits, which website visits is only going to show if you
have the insight tag installed on your website. And of course, your
users have a cookie on their browser that's identifying them as who
they are on LinkedIn, to LinkedIn. That's obviously going away with
cookies, going to death. So this is a very cool dashboard. It's
something that LinkedIn hasn't made a whole lot of noise about, but
I absolutely love this. If you're using company name lists in your
match audiences, go check this out now and take a look. See if you
can see which companies are really loving your ads, which just
haven't been reached by them, and you've got to find them a
different way.
31:36
Okay, I mentioned at the beginning that I was going to share with
you my five favorite strategies for running ABM campaigns. I'm
actually going to throw in a sixth, a little bonus strategy here.
So number one, I love to go to the sales teams of our clients, and
ask them to give us a list of their sales dream accounts. The
companies that they would absolutely love to work with. And of
course, it's really not hard to combine all of these lists from a
whole bunch of different sales reps, combine them into one list and
then you can upload that. Now all of a sudden, sales feels like,
hey, marketing is trying to get us what we're asking for. And now
sales and marketing, they used to butt heads, but now they're
holding hands and singing Kumbaya. It's a great thing. Strategy
number two, I actually like to upload a list of competitors names,
and then exclude that across all of my campaigns. And what that
does, is even if I'm not specifically doing ABM targeting, I'm
taking my competitors out of the running here using the company
name exclusions. And now my competitors have no idea what it is I'm
doing. They're not being shown my ads, they can't click on them to
charge me money, etc. My third strategy here is actually along the
same vein, instead of your competitors, it's taking your list of
customers, and excluding them because your customers are already
paying you money. You don't need to pay to show them ads anymore.
That'll save you some money, because your customers probably will
click. Strategy number four is actually taking that same customer
list and showing ads to them intentionally. Here's an idea of when
that would be appropriate. So let's say you have a list of
customers who their contract is going to be up in the next three
months and they're going to be reevaluating if they want to be
still signed up, still subscribing to whatever your SaaS software
is. Well, now you can target them with product updates and
information about the roadmap, what's coming out for your tool,
what it's going to be able to do, what new functionality you'll
have, all of that. Because they're seeing that, chances are they're
going to get excited, or at least a lot more energized about being
a customer of yours and when it comes time for renewal, you should
see a much lower churn rate. Strategy number five, we actually
touched a little bit on, you take a list of all of your leads for a
certain amount of time who have been generated as a lead, but
haven't yet moved to the next stage in the funnel, or haven't yet
closed as a deal. So you could take that list of companies and show
ads to them. What I like about this is you don't have to just show
ads to the people who were leads of yours, you know that that
person is part of a larger buyer committee usually. So now you can
broaden your targeting quite a bit and you can try to reach
everyone in that company who could be part of that buyers
committee. So for instance, if you're trying to sell a tool to a
marketer, well, you know, they probably have other coworkers who
might be lending a hand or helping in that decision. You might have
someone in finance, this deal is going to cross their desk and
they've got to sign off on it. If it's small companies, the CEO
probably needs to sign off on it or be convinced. So if you can
show ads and keep top of mind for everyone in the buyers committee,
when it comes time to actually sign you'll get a lot more oh, I've
heard of these guys before, they must be legit and signing off
versus "Wait, what tool are you trying to buy?" and getting added
scrutiny. You don't want that. And here's my bonus strategy,
strategy number six. You probably have a list of leads that you've
generated. And let's say that you have all of their company email
addresses. Well, you want to take my advice here, like when I
talked about how you want to target the whole set of decision
makers. But if these are a list of individuals, you're not going to
be able to do that very well. Well, what we do is we'll take that
contact list, and inside of Excel will extract a column for just
their company email domain and then we can go and upload that to
LinkedIn as a company matched audience list, Voila!, you just took
a contact list and turned it into a company list and now you can
apply all of those targeting filters on top to make sure you're
hitting the rest of the buyers committee, or at least their co
workers, other people who could help make this decision. All right,
I've got the episode resources for you coming right up. So stick
around.
36:07
Thank you for listening to the LinkedIn Ads Show. Hungry for more?
AJ Wilcox, take it away.
36:18
All right, here are the resources from this episode. So if you are
looking to advertise better on LinkedIn, or you have, let's say, a
coworker, or someone else who's trying to learn and get up to
speed, make sure you refer them to the LinkedIn Learning course
that I did with LinkedIn on LinkedIn Ads. The link is right down
below in the show notes. It's really easy. It is by far the least
expensive and the best course out there. Also, if this is your
first time listening, look down at your podcast player and hit that
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do rate and review the podcast. If you rate, of course, we love to
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please leave it in a review and we'd love to shout you out here on
air as well. With any questions you have or topic suggestions,
anything like that, you can reach out to us at
Podcast@B2Linked.com. And with that being said, we'll see you back
here next week, cheering you on in your LinkedIn Ads
initiatives.