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B-to-B Data Sources
Comparative Analysis of Compiled and
       Response Databases


          Ruth P. Stevens
         Bernice Grossman



                                       1
The purpose of our research
 To assess the quality of the B-to-B compiled and
 response data available to business marketers.
    Quality as defined by:
       1. Completeness
       2. Accuracy



Both studies are
downloadable at
ruthstevens.com and
dmrsgroup.com
                         2010 Compiled data study   2011 Response data study
Participating vendors: Thank you!
2010 compiled study   2011 response study
• Demandbase          •Infogroup
• D&B Selectory       •Mardev DM2
• Infogroup           •Worldata
• Jigsaw
• NetProspex




                                            3
Methodology: Completeness (A)
• Chose 10 industries (SICs) of interest to
                        32 Stone, clay and glass products
  business marketers. 56 Apparel and accessory stores
                                28 Chemical and allied products
                                64 Insurance agents, brokers & services
                                73   Business services
                                81   Legal service
                                80   Health services
                                82   Educational service
                                35 Machinery, except electrical

                                48 Communications

• Asked vendors to report the number of
  companies they have in each SIC.
                                                                          4
2010 Compiled: Company counts




                                5
2011 Response: Company counts




                                6
Methodology: Completeness (B)
Chose 10 prominent companies, one in
each SIC.                                          Companies
Asked vendors to supply contact counts.            Andersen Windows
1.All contacts                                     Nordstrom
  –   Provide the total number of contacts you     Monsanto
      have at each firm, U.S. only, including      MetLife
      headquarters and all branch locations.       Accenture
1.Complete contacts                                Baker & McKenzie
  –   The number of “complete” contact             Methodist Hospital
      records you have at each firm. Complete      System
      means including full name, address, title,   ETS (Educational
      phone and email.                             Testing Service)
                                                   Dell
                                                   Verizon
2010 Contact counts, by company




                                  8
2010 Response: Contact counts




                                9
2010 Complete contact counts




                               10
2011 Complete contact counts




                               11
Methodology: Accuracy
• Recruited 10 volunteer business people from
  different industries.
• Asked vendors to submit the records they
  have on these 10 contacts.




                                                12
2010 volunteers: Thank you!
      Industry               Name                 Company                Title
Environment          Stephen A. Wallis      AIRxpert Systems     Chairman
Business Services    Deborah Sliz           Morgan Meguire LLC   President & CEO
Not-for-profit       Jim Siegel             HealthCare           Director, Marketing
                                            Chaplaincy           and Communications
Education            Michael Devitt         City University of   Distinguished
                                            New York             Professor,
                                                                 Philosophy Program
Transportation       Michael Cox            Aviacargo Inc.       President
Government-          Marilyn Sescholtz      Department of        Psychiatrist
Administration                              Veterans Affairs
Retail               Bill Williams          Harry & David        CEO
Financial Services                          Christie/Coghlin     Managing Partner
                     Michael Christie       Investment
                                            Management
USPS                 Cathrine E. Moriarty   USPS                 Marketing Specialist
Technology                                  GSI Commerce         VP, Technology
                     Dominic Dimascia                            Delivery Services
                                                                                        13
2011 volunteers: Thank you!
   Industry             Name                  Company                           Title
Retail           Susan Sachatello     Lands’ End              Chief Marketing Officer
Technology       Theresa Kushner      Cisco Systems           Director, Customer Intelligence
Not-for-profit   Jim Siegel           HealthCare Chaplaincy   Director, Marketing and
                                                              Communications
Optical          Stan Oskiera         Edmund Optics, Inc.     Vice President, Operations
equipment
Publishing       Michael S. Hyatt     Thomas Nelson           President and Chief Executive Officer
Legal services   John E. Tobin, Jr.   New Hampshire Legal     Executive Director
                                      Assistance
Healthcare       Brian A. Nester      Lehigh Valley Health    Senior Vice President, Physician
                                      Network                 Hospital Network Development
Education                             New York University     William Joyce Professor of Marketing;
                 Russell Winer        Stern School of         Chair, Department of Marketing
                                      Business
Tech services    Dale Mesnick         Smart Solutions, Inc.   Treasurer
Industrial       Bill Bullock         Turbosteam              General Manager



                                                                                                  14
Compiled study, 2010
Founder and chair of small tech firm




                                       15
Compiled study, 2010
Head of Washington lobbying firm




                                   16
Compiled study, 2010
Marcom director at a NY charity




                                  17
Compiled study, 2010
CEO at Harry & David




                        18
Response study, 2011
CMO at Lands’ End




                       19
Response study, 2011
Marcom director at a NY charity




                                  20
Response study, 2011
CEO at major book publisher




                              21
Response study, 2011
Finance chief at systems integrator




                                      22
Conclusions
• Data coverage and accuracy varies widely
  among vendors.
• Marketers who order compiled or response
  data should ask very carefully about the
  prospective vendor’s sourcing practices and
  policies.
• Marketers should conduct a pre-test of the
  data to assess its applicability to their
  particular situation.

                                                23
Guidelines for marketers
• Investigate thoroughly the data sources and maintenance
  practices of the vendors you are considering.
• Specify exactly what you mean when ordering data. Also
  drill down in detail to understand what the vendor means.
• Be very specific about industry selections. Find out if the
  vendor uses SIC, or some kind of conversion algorithm.
• Keep an eye out for vendor specialization by industry.
• Consider whether you want breadth of contacts or breadth
  of companies—or both. Data source will always be an
  important factor in this determining which compiler is right
  for you. To enhance coverage, many marketers find that
  buying data from multiple vendors is necessary.
• Only use reputable vendors.

                                                             24
Pre-test methods
1. Send each potential vendor a list of 5000
   records from your house file and asking them to
   add data fields. Include a few dozen records on
   which you know the “truth,” to assess accuracy
   of what comes back.
2. Order a sample of names from a prospective
   vendor as per above, and then verify the
   accuracy of sample records by telephone.
3. Order 5,000 records from a single state, from
   multiple vendors. Ask the vendors to deliver the
   file in ZIP sequence. Examine them. A high
   incidence of identical records among the
   vendors will be a strong indicator of likely
   accuracy.                                      25
Thank you.
The complete studies are available at
       www.ruthstevens.com
       www.dmrsgroup.com




      ruth@ruthstevens.com
   bgrossman@dmrsgroup.com

                                        26

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Comparative Analysis B-to-B Prospecting Data

  • 1. B-to-B Data Sources Comparative Analysis of Compiled and Response Databases Ruth P. Stevens Bernice Grossman 1
  • 2. The purpose of our research To assess the quality of the B-to-B compiled and response data available to business marketers. Quality as defined by: 1. Completeness 2. Accuracy Both studies are downloadable at ruthstevens.com and dmrsgroup.com 2010 Compiled data study 2011 Response data study
  • 3. Participating vendors: Thank you! 2010 compiled study 2011 response study • Demandbase •Infogroup • D&B Selectory •Mardev DM2 • Infogroup •Worldata • Jigsaw • NetProspex 3
  • 4. Methodology: Completeness (A) • Chose 10 industries (SICs) of interest to 32 Stone, clay and glass products business marketers. 56 Apparel and accessory stores 28 Chemical and allied products 64 Insurance agents, brokers & services 73 Business services 81 Legal service 80 Health services 82 Educational service 35 Machinery, except electrical 48 Communications • Asked vendors to report the number of companies they have in each SIC. 4
  • 7. Methodology: Completeness (B) Chose 10 prominent companies, one in each SIC. Companies Asked vendors to supply contact counts. Andersen Windows 1.All contacts Nordstrom – Provide the total number of contacts you Monsanto have at each firm, U.S. only, including MetLife headquarters and all branch locations. Accenture 1.Complete contacts Baker & McKenzie – The number of “complete” contact Methodist Hospital records you have at each firm. Complete System means including full name, address, title, ETS (Educational phone and email. Testing Service) Dell Verizon
  • 8. 2010 Contact counts, by company 8
  • 12. Methodology: Accuracy • Recruited 10 volunteer business people from different industries. • Asked vendors to submit the records they have on these 10 contacts. 12
  • 13. 2010 volunteers: Thank you! Industry Name Company Title Environment Stephen A. Wallis AIRxpert Systems Chairman Business Services Deborah Sliz Morgan Meguire LLC President & CEO Not-for-profit Jim Siegel HealthCare Director, Marketing Chaplaincy and Communications Education Michael Devitt City University of Distinguished New York Professor, Philosophy Program Transportation Michael Cox Aviacargo Inc. President Government- Marilyn Sescholtz Department of Psychiatrist Administration Veterans Affairs Retail Bill Williams Harry & David CEO Financial Services Christie/Coghlin Managing Partner Michael Christie Investment Management USPS Cathrine E. Moriarty USPS Marketing Specialist Technology GSI Commerce VP, Technology Dominic Dimascia Delivery Services 13
  • 14. 2011 volunteers: Thank you! Industry Name Company Title Retail Susan Sachatello Lands’ End Chief Marketing Officer Technology Theresa Kushner Cisco Systems Director, Customer Intelligence Not-for-profit Jim Siegel HealthCare Chaplaincy Director, Marketing and Communications Optical Stan Oskiera Edmund Optics, Inc. Vice President, Operations equipment Publishing Michael S. Hyatt Thomas Nelson President and Chief Executive Officer Legal services John E. Tobin, Jr. New Hampshire Legal Executive Director Assistance Healthcare Brian A. Nester Lehigh Valley Health Senior Vice President, Physician Network Hospital Network Development Education New York University William Joyce Professor of Marketing; Russell Winer Stern School of Chair, Department of Marketing Business Tech services Dale Mesnick Smart Solutions, Inc. Treasurer Industrial Bill Bullock Turbosteam General Manager 14
  • 15. Compiled study, 2010 Founder and chair of small tech firm 15
  • 16. Compiled study, 2010 Head of Washington lobbying firm 16
  • 17. Compiled study, 2010 Marcom director at a NY charity 17
  • 18. Compiled study, 2010 CEO at Harry & David 18
  • 19. Response study, 2011 CMO at Lands’ End 19
  • 20. Response study, 2011 Marcom director at a NY charity 20
  • 21. Response study, 2011 CEO at major book publisher 21
  • 22. Response study, 2011 Finance chief at systems integrator 22
  • 23. Conclusions • Data coverage and accuracy varies widely among vendors. • Marketers who order compiled or response data should ask very carefully about the prospective vendor’s sourcing practices and policies. • Marketers should conduct a pre-test of the data to assess its applicability to their particular situation. 23
  • 24. Guidelines for marketers • Investigate thoroughly the data sources and maintenance practices of the vendors you are considering. • Specify exactly what you mean when ordering data. Also drill down in detail to understand what the vendor means. • Be very specific about industry selections. Find out if the vendor uses SIC, or some kind of conversion algorithm. • Keep an eye out for vendor specialization by industry. • Consider whether you want breadth of contacts or breadth of companies—or both. Data source will always be an important factor in this determining which compiler is right for you. To enhance coverage, many marketers find that buying data from multiple vendors is necessary. • Only use reputable vendors. 24
  • 25. Pre-test methods 1. Send each potential vendor a list of 5000 records from your house file and asking them to add data fields. Include a few dozen records on which you know the “truth,” to assess accuracy of what comes back. 2. Order a sample of names from a prospective vendor as per above, and then verify the accuracy of sample records by telephone. 3. Order 5,000 records from a single state, from multiple vendors. Ask the vendors to deliver the file in ZIP sequence. Examine them. A high incidence of identical records among the vendors will be a strong indicator of likely accuracy. 25
  • 26. Thank you. The complete studies are available at www.ruthstevens.com www.dmrsgroup.com ruth@ruthstevens.com bgrossman@dmrsgroup.com 26

Editor's Notes

  1. We had 2 approaches for assessing completeness: companies by SIC and contacts by company
  2. Add circles
  3. We asked FAX but decided later to abandon it.
  4. No errors. One alternate (working) email address. Fewer than 10 employees. 15 years in business.
  5. Wrong phone numbers.
  6. Wrong address; see a trend here? Good accuracy, mixed coverage.
  7. In this year’s research, D&B Selectory and Jigsaw were working from a different definition of the term “complete” than ours. Not that either is right or wrong—but it adds to the confusion. As another example, when asking for phone number, be clear about whether you want the general switchboard or the contact’s direct dial.