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 Database Verification

     
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Database verification & updates

Your customer information requires data verification and updates on a regular basis or obsolescence will ensure it becomes worthless over time.

The purpose of keeping business lists free from error is vital when you consider the value accuracy brings to customer retention and future sales opportunities. In the cases where database updates are not in place marketers can expect as high as ½ of their contacts or as many as ¼ of company details to become inaccurate within one years time.

The easiest way to ensure your customer database is fully up to date is to have a database verification strategy in place. Companies that don’t have the resources to telephone their customers and update contacts should investigate the possibility of outsourcing. After the investment has been made and ongoing data verification is in place, marketers can be sure of marketing resources and the benefit of timely, accurate business lists.

Customer data decay is a serious problem and will continue to erode the effectiveness of an organization’s marketing efforts when left unchecked. Research shows that when information is used to target communications - sales conversion increases substantially.

It may sound silly to think of ones customers this way, but what criteria have your marketers used to target customers in determining the next opportunity ?