However, if you don’t take the right steps to maintain and
nurture your database, it could become an albatross around your neck.
Therefore, it’s important to clean your marketing data. Data
cleaning – also known as data cleansing or data scrubbing – is the process of
reviewing your database and making sure it is of the highest possible quality.
Regularly carrying out this procedure will avoid a scenario
where you are encountering low response rates and your marketing campaigns are
not proving cost-effective. After all, when you’ve carefully perfected your
campaigns this is an incredibly frustrating situation to find yourself in.
Let’s detail three simple steps you can take to achieve a
squeaky clean B2B database.
1. Remove duplicates and amend inaccuracies
This is a fairly straightforward process – but it may take
some time, depending on how large your database is and how many changes you
need to make.
It’s crucial to remove duplicates because sending a message
to the same individual or company more than once creates a number of problems.
For one, it costs more money and uses up your resources – particularly if you
are sending mail or making telephone calls. Furthermore, it makes you look
unprofessional and sloppy – even if your campaign itself is brilliant.
Once you’ve ascertained that you only have one of each data
record, it’s worth going through them with a fine-toothed comb and correcting
any errors. For example, are there any spelling mistakes, or missing details?
Filling in the gaps will increase the value of your data. Also, ask yourself
whether your records are consistent. Do you use the same categories for each
record? Are they formatted in the same way?
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Making all of these changes will ensure that your data works
as hard as possible for your organisation.
2. Get rid of dead leads
B2B data decays at a scarily fast pace – and this starts to
happen as soon as it is collected. In fact, B2B data decays at a rate of around
35 per cent per year.
There are various reasons why data records are no longer
relevant. Individuals change roles at work or leave their company altogether;
organisations close down or move to new premises. These are all normal
occurrences, so you just need to do your best to keep on top of them.
Sending messages to “dead” leads not only wastes your time
and resources, but it also means you will achieve a lower ROI. For instance,
with email campaigns, there are likely to be more hard bounces, lower open
rates and lower click-through rates.
You can use suppression files to identify any leads that are
no longer viable. These enable you to cross-reference your own records with a
database of national records that are updated on a continuous basis. In this
way, you can easily pinpoint any entries that need to be deleted or amended in
some way.
3. Check legal compliance
In the UK, there are a number of rules in place to protect
individuals and businesses against unsolicited marketing messages. These are
outlined in The Privacy and Electronics Communications (EC Directive)
Regulations 2003 (PECR). They are derived from European law and sit alongside
the Data Protection Act.
The PECR cover direct marketing, including marketing by
phone, fax, email, text or any other type of “electronic mail”. However, it is
worth noting that there are slightly different rules for B2C and B2B marketing.
As the ICO states: “In general, the rules on marketing to companies are not as
strict.”
Essentially, it comes down to ensuring you are using the
right data. For example, when carrying out telemarketing campaigns, you should
not contact anyone whose number is listed on the Telephone Preference Service
(TPS) or Corporate TPS (CTPS) – unless they have stipulated differently.
Breaching these rules could land you with a fine of up to £500,000 from the
ICO.
To recap, data cleaning will deliver a number of benefits to
your organisation. This process will:
Eliminate duplication and improve accuracy
Increase response rates
Reduce mailing costs
Ensure legal compliance
Power your marketing efforts
Regularly cleansing your B2B database will ensure that it
remains the precious asset to your business that it truly is.
Article From :business2community.com
