B2B data enrichment is a game-changer for businesses looking to boost sales and customer engagement. By adding missing information to incomplete records, you can gain a more accurate understanding of your target audience.
This process can be as simple as filling in missing contact details, such as phone numbers or email addresses. According to a recent study, 75% of businesses reported improved sales after implementing data enrichment strategies.
With the right data, you can tailor your marketing efforts to reach the right people, at the right time. This leads to higher conversion rates and a more effective use of your marketing budget.
What Is B2B Data Enrichment
B2B data enrichment is the process of adding more value to your existing data by incorporating external data sources and behavioral insights. This can help you better understand your customers and prospects.
You can enrich your data with behavioral insights, which are particularly useful for automated lead scoring and improving your ideal customer profiles (ICPs). Behavioral data types include purchase intent, browsing behavior, email engagement, social media activity, content preferences, response time, and communication style.
Some common uses of enriched data include segmentation, email outreach, sales calls, and advertisements. Most tools capable of collecting this data will plug directly into your CRM or ERP app.
Enriched data is like gold dust for predictive analytics, allowing you to forecast behavior at the individual and broader market levels. This information is invaluable for tailoring campaigns to individual prospects and adjusting your strategy based on larger trends.
Here are some common behavioral data types that can be used for enrichment:
- Purchase intent
- Browsing behavior
- Email engagement
- Social media activity
- Content preferences
- Response time
- Communication style
Why B2B Data Enrichment Matters
B2B data enrichment is a game-changer for businesses looking to boost their sales and marketing efforts. By enriching your data, you can gain a 360-degree view of your customers and markets.
Automation is the bedrock of a successful data enrichment strategy. It’s impossible to manually supplement thousands—or tens of thousands—of B2B lead profiles.
With enriched data, you can personalize the customer experience at scale. Using predictive analytics on enriched data, marketers can determine the topics, content, products, and offers most relevant for each customer and serve them up at the optimal time.
See what others are reading: Customer Data Enrichment
Forbes’ findings show that the B2B sales pipelines gain about 14.5% more SQLs thanks to data enrichment. This is a significant increase that can make a big impact on your business.
By combining data from internal systems like CRM and marketing automation platforms with external data sources, marketers can develop a 360-degree view of their customers and markets. This holistic perspective helps marketers understand their customers' needs, priorities, and journey in a much more sophisticated way.
Here are some benefits of data enrichment:
- Gain visibility into customer pain points, challenges, and triggers
- Uncover new customer segments for micro-targeting
- Personalize the customer experience at scale
- Track the impact of campaigns and optimize in real time
- Identify upsell and cross-sell opportunities
Data enrichment can also help you make smarter business decisions by providing access to more accurate data. With enriched data, sales and marketing teams can easily access the data they need at the very moment they need it, allowing them to make the right decisions quickly, react to changing circumstances, and capitalize on new opportunities.
By using data enrichment tools, you can supercharge your sales and marketing efforts. These tools can drive improvements across a host of metrics, from cold email open rates to deals won.
Data enrichment is about making sure that your sales and marketing teams are using the best possible data sources when working with a target audience for customer acquisition.
Explore further: Best Data Enrichment Tools
Tools for B2B Data Enrichment
B2B data enrichment tools can be a game-changer for businesses looking to improve their sales and marketing efforts. Automation is the bedrock of a successful data enrichment strategy, making it impossible to manually supplement thousands or tens of thousands of B2B lead profiles.
To get the most out of your investment, it's essential to follow best practices. Credit use can be a concern for some data enrichment tools, but connecting the B2B data enrichment platform to your CRM can help save reps' time and ensure data flows naturally into it.
Here are some top B2B data enrichment tools to consider:
Before selecting a tool, make sure to research and evaluate them against your specific needs. Consider factors such as data availability, integrations, compliance, and verification methods.
Best Practices for B2B Data Enrichment
To get the most out of your B2B data enrichment investment, follow these best practices:
Define your goals clearly and up front, identifying what data you need to enrich, your goals, KPIs for success, and your process for getting there.
Some data enrichment tools charge based on how many customer records you enrich, creating a scarcity mindset where reps worry about wasting credits.
Connect your B2B data enrichment platform to your CRM, so data flows naturally into it and is refreshed automatically, and set up automation to save reps' time.
Monitor your email bounce rates and incorrect phone number call rates to evaluate the data enrichment tool's performance.
Use the database's filtering function to find new potential leads that match your ideal customer profile, and add them to your prospecting list.
Automate the enrichment process to save valuable time, especially when dealing with large contact lists.
Use a variety of trusted sources to enrich your data, such as third-party data from enrichment software, and maintain data hygiene to ensure accuracy.
Enrich with behavioral insights to gain a deeper understanding of your leads and customers.
Use enriched data for predictive analytics to forecast behavior and tailor campaigns for individual prospects.
Keep your data up-to-date to reflect changes in contacts, target businesses, and new companies entering the market.
Regularly monitor your data and maintain it so that it stays accurate, ensuring data integrity and enabling your teams to make the right decisions at the right time.
By following these best practices, you'll be able to maximize the benefits of B2B data enrichment and drive better outcomes for your sales and marketing teams.
Here are some key things to consider when evaluating a data enrichment tool:
- Provides the quality data you need
- Works with your budget, staff, and workflows
- Aligns with both your present and future enrichment goals
Benefits of B2B Data Enrichment
B2B data enrichment has numerous benefits, including increased engagement and conversion rates. By using enriched data, sales and marketing teams can create personalized content that grabs attention, and communications will be more timely and relevant to a company's situation and needs.
Enriched data gives you more in-depth information about leads, which is high-quality and relevant. This information is useful for everyone from sales to marketing to customer relationship managers. It's like having a treasure trove of valuable insights at your fingertips.
Here are some of the key benefits of B2B data enrichment:
- Increased engagement and conversion rates
- More personalized content and timely communications
- Improved lead generation and customer experience
- Enhanced predictive analytics and forecasting
- More efficient and effective sales and marketing processes
By prioritizing data enrichment, your business can reap these benefits and stay ahead of the competition.
Benefits of Automation
Automating the data enrichment process can save you a tremendous amount of time and effort. Manually enriching data is painstaking work, but most B2B companies automate the process with software.
Automation tools can streamline the process of collecting and enriching customer data significantly. High-quality enrichment in seconds is a far cry from the hours it might take to manually enrich just a handful of lead profiles.
With automation, you can integrate tools like Artisan with your CRM system to continuously update data in real time. This means you can focus on building real human connections, arguably the most important part of the sales process.
Automation tools can drive improvements across a host of metrics, from cold email open rates to deals won. For example, Artisan's AI enrichment algorithms pull data from a wide array of sources, ensuring up-to-date, complete information about leads.
Here are some benefits of automating data enrichment:
- High-quality enrichment in seconds
- Real-time data updates
- Improved metrics, such as cold email open rates and deals won
- Access to a database of 300 million B2B leads
- Advanced AI scraping from a wide range of online sources
- Ongoing enrichment and verification of lead data
Boosts Engagement and Conversion
Enriched data gives you more in-depth information about leads – information that’s high-quality and relevant. This type of data is useful for everyone from sales to marketing to customer relationship managers.
Using enriched data, sales and marketing teams can create more personalized content that’s more likely to grab their attention. It also means communications will be more timely and relevant to a company’s relevant situation and needs.
For example, if a start-up has entered its growth stage or had an injection of funds, you can strike while the iron’s hot.
Here are some ways to boost engagement and conversion:
* Use personalized content that grabs attentionMake communications timely and relevantStrike while the iron’s hot, especially for growing start-ups
Enriched data can also provide useful behavioral data for your sales marketing sales campaigns. Behavioral insights are particularly useful for automated lead scoring and improvement of your ideal customer profiles (ICPs).
Software for B2B Data Enrichment
Cognism is one of the best tools for enriching data in the USA and Europe. It's a fully compliant B2B enrichment platform that's suitable for sales, marketing, and RevOps teams.
Cognism offers a large lead database with over 400 million entries, with a focus on European companies and employees, and an emphasis on GDPR compliance. It also offers a suite of data enrichment and hygiene tools that users can integrate with their CRM.
Cognism's primary goal is to help you enrich historical data and enter new, accurate data with access to GDPR and CCPA-compliant information. You can do this by selecting the right enrichment layer for you – Instant, Scheduled, or CSV Upload.
The best data enrichment software can help you streamline forms, cleanse data, and free up sales reps' time by eliminating the need for manual data validation. It can also route leads to the correct representative to steer clear of conflicts over territory.
Here are some of the top software for B2B data enrichment:
- Cognism: Offers real-time CRM data enrichment, ongoing monitoring and hygiene checking of lead data, bulk upload options, and a unique focus on European data.
- 6sense Revenue AI: Helps sellers and marketers discover key information about their target companies and prospects, and automatically enriches CRM records based on specific configurations.
- Apollo.io: Offers a hybrid of a B2B database and a sales engagement platform, with automatic data enrichment, filters for company size and industry, and automated email sequences.
- Cognism Enrich: Helps you enrich historical data and enter new, accurate data with access to GDPR and CCPA-compliant information, with options for Instant, Scheduled, or CSV Upload enrichment.
These software solutions can help you automate the enrichment process, use a variety of trusted sources, maintain data hygiene, enrich with behavioral insights, and use enriched data for predictive analytics.
Why Choose a B2B Data Enrichment Tool
Choosing a B2B data enrichment tool can be a daunting task, especially if you have a large database or receive hundreds of leads every month. The good news is that there are robust tools available that can automate the process and make it easier to enrich your data.
These tools are also known as sales intelligence, lead generation, or sales prospecting tools, and they can become a lifeline for sales teams. To select the right tool, you need to understand what you need from it, including key features, data points, and budget.
Automation is the bedrock of a successful data enrichment strategy, and it's impossible to manually supplement thousands of B2B lead profiles. To ensure high-quality enriched data, you should automate the enrichment process, use a variety of trusted sources, maintain data hygiene, enrich with behavioral insights, and use enriched data for predictive analytics.
Here are some top B2B data enrichment tools to consider:
These tools can help you enrich your data and make better decisions about your sales strategy. By choosing the right tool for your business, you can streamline your data enrichment process and focus on what really matters – growing your business.
Features of B2B Data Enrichment Tools
B2B data enrichment tools are designed to make your life easier, but what exactly do they offer? Let's dive into some of the key features.
Streamlining forms while maintaining comprehensive data collection is a top priority for many businesses, and data enrichment tools can help boost conversion rates.
Data cleansing upon entry is crucial to prevent CRM pollution, and some tools can even automate this process.
AI-driven enrichment is a game-changer, allowing you to power up the lead assessment process and simplify prioritization.
Some data enrichment tools charge based on customer records, which can create a scarcity mindset among reps.
To get the most out of your investment, make sure to connect the B2B data enrichment platform to your CRM for seamless data flow.
Here are some key features to look out for in a B2B data enrichment tool:
- AI-based data enrichment from multiple third-party sources
- Advanced scraping technology
- Technographic, demographic, and psychographic data
- Lead database with over 300 million entries
- Ongoing lead hygiene monitoring
- Personalization at scale based on a proprietary waterfall method
- Behavioral insights based on lead activity
Artisan, for example, offers AI-driven enrichment and a large lead database, but its new platform lacks third-party reviews.
Cognism, on the other hand, provides a large European database and CRM integration, but its US data quality is questionable.
When selecting a data enrichment tool, consider what you need out of it, including key features, data points, and budget constraints.
Ultimately, the right tool for you will depend on your specific business needs and goals.
Scheduling and Pricing for B2B Data Enrichment
Refine your customer segmentation with up-to-date and accurate B2B data, allowing for more precise targeting. This is especially useful for revitalising overlooked lists and objectives with a more concentrated approach.
To schedule enrichment jobs, you can refine your customer segmentation, elevate your relevance, and improve reporting capabilities. You can also streamline territory planning procedures for increased efficiency.
Cognism pricing is tailored to your business needs and workflows, with a flat platform access fee that covers data maintenance, set-up, onboarding, and 24-7 live chat support. All users get unrestricted access to Cognism’s data, subject to a fair use policy.
Schedule Jobs
Scheduling jobs is a crucial part of B2B data enrichment. You can refine your customer segmentation with up-to-date and accurate B2B data, allowing for more precise targeting.
To get started, you'll want to schedule enrichment jobs to refresh your data regularly. This will help you elevate your relevance by unlocking personalized communication options based on your customer segments.
Here are some benefits of scheduling enrichment jobs:
- Improve reporting capabilities and grade models by using accurate data.
- Revitalise overlooked lists and objectives with a more concentrated approach.
- Streamline territory planning procedures for increased efficiency.
Remember, scheduling jobs is an ongoing process. You'll need to regularly monitor your data and keep it maintained so that it stays accurate.
Pricing:
Pricing can be a major consideration when choosing a B2B data enrichment solution. Cognism takes a bespoke approach to pricing, offering customized packages tailored to your business needs and workflows.
Their pricing model is straightforward: a flat platform access fee covers data maintenance, set-up, onboarding, and 24-7 live chat support. This fee is the foundation of their pricing structure.
One of the benefits of Cognism's pricing is that all users get unrestricted access to their data, subject to a fair use policy. This means you won't have to worry about data limitations or restrictions.
Integrations are included in every package, so you can easily connect Cognism to your existing systems and workflows.
Frequently Asked Questions
What is the meaning of B2B data?
B2B data refers to information that helps businesses sell, market, and generate revenue. It's a valuable resource for companies looking to boost their sales and revenue operations.
What is company enrichment?
Company enrichment is the process of matching a company's data with its corresponding profile on our site, unlocking access to a wide range of company information. This powerful tool helps you gain a deeper understanding of companies and their details.
What does it mean to enrich a dataset?
Data enrichment involves adding relevant details to existing datasets from various sources, making the data more valuable and insightful. This process transforms raw data into a comprehensive asset for informed decision-making
Sources
- https://www.cognism.com/blog/data-enrichment-tools
- https://www.leadfeeder.com/blog/data-enrichment-strategies/
- https://www.enigma.com/resources/blog/b2b-data-enrichment-tools-and-best-practices
- https://www.sayprimer.com/blog/the-untapped-potential-of-b2b-data-enrichment
- https://www.artisan.co/blog/b2b-data-enrichment-tools
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