From prospect mapping tools to AI-driven sales intelligence and NLP (Natural Language Processing) capabilities, database management has evolved brilliantly. Top B2B data providers are enabling businesses to harness the power of intelligent database management for effective demand generation. Today’s AI-driven world prioritizes a top-notch B2B database as your most valuable marketing asset. Yet a majority of businesses are struggling to keep their databases well-managed, accurate, and productive. Here are 10 ways to maximize the potential of your B2B database to enhance your business prospects:-
-
Get your Market Segmentation Right
Cracking the code as far as market segmentation is concerned, puts you in a position of advantage as a B2B marketer. It is common to pay attention to geographic segmentation and demographic segmentation (age-group, gender, and income group in particular). But for precision-based targeting, delving deep into psychographic and behavioural segmentation is equally important.
-
Consult with Top B2B Data Providers
Database management is a highly specialized realm. AI-run databases are the core competence of leading B2B data specialists today. Leveraging their massive expertise and experience is a better idea than developing these resources in-house. You save a lot of time and money, whilst gaining the best professional guidance.
-
Utilize your Database for Re Engagement
Re-engagement is an important marketing strategy, but it only works if you are targeting the right customers. Thanks to the accuracy of AI-driven intelligent database management, you can get the list of potential leads for retargeting. Compared to a manually chalked-out list, an AI-factored one has a higher chance of invoking a positive response.
-
Remove the Redundant Fields
The unnecessary volume of a database often makes it unworkable. Apart from error-proofing, one needs to pay attention to insignificant fields that are unnecessarily making your database voluminous. Smart database management will eliminate the duplicities such as separate fields for work number, home number, and an alternate contact number. So we recommend you to buy database with proper research.
-
Regular Reviews are Important
Periodic evaluation, edits, additions, corrections, and so on will ensure that your database remains productive at all times. Postponing this will create a major backlog and lead to a lot of unproductive work later. Top B2B data providers today, therefore advocate the use of AI-run databases for auto-corrections and updates.
-
Establish data-entry protocols
When multiple teams are working with the database, the same term might be updated using different nomenclatures. For instance, one executive might enter ‘Mumbai’, the other one might key in ‘MUM’, and the third one perhaps ‘Bombay’. So when you run a search for Mumbai-based leads, half the results might not show. Establish ground rules for data entry at the very outset.
-
Trial Run of New Offerings
When you have a thriving database of existing clients, it becomes easier to conduct a trial run of new offerings. Instead of directly launching your new products and services, doing a trial run and getting feedback can be helpful. If there is scope for improvement from your ICP point of view, gauging the potential response beforehand is highly recommended.
-
Data-Insights for Social Media Campaigns
Many B2B businesses are running large-scale social media campaigns today that are mostly outbound in nature. Before you invest that kind of time and money, you need to ensure that your campaign has been crafted correctly. An intuitive database will lead you towards the right demographics, purpose, marketing approach, and the ideal communication channel.
-
Focus on Database Accuracy and Backup
Apart from constant updates, ensuring the reliability and quality of your data is crucial for the success of your marketing endeavours. Relying on outdated technologies for data correction is a big no-no. Needless to state, in today’s highly digitized times a cloud backup of your B2B database is a bare minimum requirement.
-
Reaping Maximum Benefits from B2B Events
In the Covid-19 aftermath, online B2B events have gained immense popularity. You might have the best content, webinar service, and freebies/lead-magnets for your B2B event. But only a well-managed database can help in targeting the right invitees for your events. A razor-sharp focus on your ICP is very important if you want the desired ROI from your event
Conclusion:
To sum up, it would suffice to state that a robust, well-managed database is the holy-grail for any B2B business today. It could be to send invites for webinar service, highly targeted ads, or tailored campaigns for your niche audience. The potential of a constantly updated, AI-driven B2B database far outweighs that of a manually-run one that is highly prone to errors. New-age businesses are realizing the immense potential of AI and Big Data, thereby investing in the best database management services.
