Revenue marketing is a go-to-market strategy that’s focused on helping a business generate more revenue. Instead of methods such as building brand awareness, creating ads or sending emails to get people’s attention, revenue marketing focuses on tactics that will directly lead to sales and more revenue.
It is considered a more data-driven and results-oriented approach that focuses on marketing campaigns and tactics that directly contribute to growing revenue. These can include finding ways to get more people interested in buying a product or service, or making sure that current customers keep coming back.
Examples of Revenue Marketing tactics include:
- Account-based marketing (ABM):
This is a targeted marketing approach that focuses on specific high-value accounts or customer segments. The goal of Account Based Marketing is to create personalized campaigns and content that addresses the specific needs and pain points of those accounts, with the aim of converting them into paying customers.
- Lead nurturing:
This is the process of developing and maintaining relationships with prospects who have shown interest but are not ready to make a purchase. Nurture streams can include sending personalized emails, webinars and demos, or free trials that help educate the prospect. The goal is to steadily increase a lead’s interest until they become a paying customer.
- Customer retention:
This is the practice of keeping existing customers happy with a product or service, with the goal of expanding account value and reducing customer churn. Methods can include loyalty discounts, personalized customer success programs, or perks & benefits for long term subscribers.