What to Know Before You Buy B2B Data (And Why Most Buyers Get It Wrong)
The decision to buy B2B data is one of the most consequential and most poorly understood purchasing decisions in B2B sales and marketing. Most buyers focus on the wrong criteria, ask the wrong questions, and end up with databases that underperform their expectations, often dramatically.
What Has Changed in
the B2B Data Market
The B2B data
market has become both more sophisticated and more opaque in recent years. The
sophisticated end, driven by intent data providers and contact data platforms
that aggregate and continuously verify data from multiple sources, delivers
measurably better quality than the static list purchases of five years ago. The
opaque end, driven by the low barrier to entry in data reselling, produces
large volumes of contact data of genuinely unknown quality.
According to Forrester
Research, the accuracy of B2B contact data at the point of purchase varies
enormously between providers, with hard bounce rates on purchased email data
ranging from under 5 percent for premium verified data to over 30 percent for
low-quality reseller data. This bounce rate variation has significant
implications: high bounce rates damage sender reputation, reduce email
deliverability for all campaigns, and produce campaigns that burn through
contacts faster than they generate leads.
Who This Trend
Affects
The impact
falls most heavily on organizations that buy B2B data
infrequently, because they are not tracking the connection between data quality
and campaign outcomes over multiple cycles. Recurring buyers develop an
understanding of which providers consistently deliver data that performs.
Infrequent buyers make new purchase decisions without this historical
performance information and are more vulnerable to the quality variation in the
market.
What to Do Before You
Buy
The most
effective approach before purchasing B2B data is to define the specific use
case precisely. Email outreach campaigns, teleprospecting lists, account-based
marketing programs, and LinkedIn advertising audience lists all require
different data attributes and have different quality thresholds. A provider who
is excellent for email outreach may not be the right provider for a
teleprospecting program. Define the use case before evaluating providers.
After
defining the use case, ask for a sample set before committing to a full
purchase. A quality provider will supply a sample of 200 to 500 records that
can be validated. Check the sample for obvious inaccuracies: generic email
addresses rather than business domain addresses, job titles that do not match
the role level you are targeting, and records from industries or geographies
outside your target parameters.
What to Avoid
•
Avoid purchasing the largest database at the lowest
price. Data quality and data volume are inversely correlated for any given
price point.
•
Avoid providers who cannot tell you when the data in
your target segment was last verified.
•
Avoid providers who do not include a bounce rate
guarantee or replacement provision in their contract terms.
Where This Is Heading
The B2B data
market is moving toward dynamic, continuously verified contact platforms rather
than static list purchases. The best providers are shifting to subscription
models where data is refreshed continuously and accessed programmatically
through APIs rather than downloaded as a static file. This model maintains data
quality at a level that static lists cannot match, and it produces better
campaign outcomes at lower cost over any twelve-month measurement period.
Buyers who understand this shift are selecting providers accordingly.
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