Most B2B marketers have a data acquisition strategy in place, but only 16% say it’s solid, according to The 2018 Database Strategies & Contact Acquisition Benchmark Survey, a new study by
DemandGen, sponsored by DiscoveryOrg.
In contrast, 32% acknowledge that their program needs minor enhancement, and 43% say that it requires significant improvement. Another 9% have a data
acquisition plan that doesn’t work at all -- and that figure is up from 3% in 2017.
But they are ambitious. Their goals include marketing to specific segments (68%), better targeting of
key stakeholders within target accounts (55%) and improved outreach to total addressable markets (54%). Overall, 49% collect prospective buyer behavior.
But daunting challenges keep getting in
the way:
- Data is old/outdated — 71%
- Don’t have time/resources to implement an effective process — 62%
- Don’t have a standard operation
procedure for marketing/sales teams to keep data up to date — 57%
- Not enough data on current customers — 43%
- Data is siloed — 32%
- Legacy technology issues/limitations — 27%
- Other — 7%
Except for the contact name, which is utilized by 92%, the most widely used data field is the
email address—91% cite it. Next is the name of the company, at 85%.
In addition, 68% collect title and 47% the location of the company — i.e., the mailing address and
country.
More advanced marketers also use company size (23%), industry vertical (22%) and company revenue (16%). A mere 18% collect data on prospects’ specific needs and pain
points.
But brands would like to do more. For instance, 53% want to collect buying intent insights and 52% want the time frame for a buying decision.
Another 41%
would like to gather commentary on challenges and pain points and 33% on budget information. Only 24% seek the direct phone number.
Fewer companies rely on clunky manual email validation
to ensure accuracy — at 44%, down from 58% in 2017. And 45% use third-party tools for this task.
Not that data accuracy is high on the priority list. Of those polled, only 14%
scrub their data in real-time, while 10% do it daily, 6% do it weekly and 13% do so monthly. But 30% clean their data quarterly, and 27% are not sure.
What kinds of third-party data
services do they use? Here there’s a disconnect.
The study shows that 47% utilize data append vendors, but only 36% say they’re very effective. Similarly, 47% patronize data
enrichment vendors, but 40% believe they highly effective.
Social media data is acquired by 22%, but only 16% rate it highly. And 29% use no third-party data.
DemandGen surveyed
129 B2B marketers, with most based in the U.S.