The B2B Lead

Are Your Leads Lying to You?

Sitting down with my coffee this morning I stumbled across David Taber’s article CRM Tips: When Leads Lie,.  In it, Taber makes the case for really focusing on the right metrics in measuring performance, interesting stuff, but I got stuck on a particular statement he makes: “In many B2B and B2C businesses, the unqualified leads that are in the nurturing cycle may be numbered in the millions. Industry statistics show that up to 40 percent of leads may make their first purchase after having been in the “remarketing database” for 18 months or longer.”   As someone who works with our database and manages the cleansing of our customers database (via our Relevance & Repair Process), I was really struck by this.

On a day to day basis I look at lots of data (ok that’s an understatement, in the past two months I’ve looked at tons of contacts/prospects), most people who engage in our data appending and cleansing services do so to clean up old data – to find the diamond in the ruff. They are looking for that 40%, but what if they’ve had the right name and the wrong email for the last eighteen months?? And assuming they have been emailing this person for that time and they’ve had the wrong email, wow – that’s someone that they have lost some serious time with.

So how do you avoid falling into the abyss of not knowing if you’re marketing but no one’s listening?  Know who you’ve got good information for and who you need to get the right information for.  One more pitch for data cleanliness here but the idea is very simple, how will you ever reach that 40% if you don’t have their contact information right?

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Share and Enjoy:
  • del.icio.us
  • Digg
  • Technorati
  • Sphinn
  • Facebook
  • StumbleUpon
  • MisterWong
  • Mixx
  • Furl

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