In-house trainingKey Account Management
Key Outcomes
Map the client's stakeholders by role
e.g., who uses, who approves, who influences and who can block, and who nobody has met
Build an account plan with goals, actions and owners
e.g., three named contacts to meet this quarter
Deepen trust in a way the client can feel
e.g., follow through on every promise, and share useful insight without a sales pitch
Find and raise new opportunities
e.g., ask about the client's next-year priorities and link one of them to a service you offer
Why teams need this
Your biggest clients are often managed through one contact. When that person leaves or a competitor offers a better price, the account is at risk. Many account managers spend their time responding to requests rather than planning how to grow the account. The economics push the other way: Harvard Business Review reports Bain's Frederick Reichheld finding that increasing retention by 5% can raise profits by 25% to 95%.
