<%@ Language=VBScript %> <%Response.Buffer=true %> Name-Finders Lists, Inc. - Training and Learning Center: Building and Managing Your Marketing Database Lesson 3
   
Download Valuable Direct Marketing Guides and Publications Direct Mail Guide
We're Here To Help!
800-221-5009
list management

Home

About Us

Contact Us

Testimonials

Spam-Filter-
Proofingİ (SFP)
Service


Search
This Site


Search Our
Complete
Listing of
Data Cards

Download
Our Free
Direct Mail
Guide


Corporate Training Programs | Web Learning Center
Building and Managing Your Marketing Database, Cont.

Lesson 3: WHAT DATA SHOULD YOU COLLECT AND TRACK?


The best way to determine the information you need to maintain in your marketing database is to develop an understanding of what data you need to market your product or service to your clients more effectively. What information will help you determine the kind of customer that will most likely buy your product or service? What information do you need to know about your customers that will help you more effectively express your marketing propositions?

Below we have listed some common data elements that you might want to consider tracking (of course each company's marketing needs will vary). Keep in mind that you don't necessarily need to ask for all of this information -- much of it can be obtained through data appending services (we'll address data appending a little later in this section).

Types of Data to Consider Tracking

Name and address and Contact Information:
Self explanatory.

Demographics:
Consumer and business-to-business companies have very different marketing requirements (for a more complete list of demographics see Database Layout).

For business-to-consumer, demographic information includes Gender, Date of Birth, Family Status, Occupation, Ethnic Group, Education, Marital Status, Household Income, and other lifestyle data.

For business-to-business, demographic information might include Start Date of Business, Employee Size, Sales Volume, Professional Office Size, SIC Code, Function/ Title, Business Status, Franchise, Public or Private Company, Stock Exchange and stock symbol, Fortune 1000 Status if applicable, Credit Rating Scores, Yellow Page Advertisement, and Population Code.

Acquisition information:
How the lead or customer found out about your company (see Promotional Source Codes).

Transactional history:
This is one of the easiest and most important types of data to track in your database and should include every transaction a customer or lead ever makes with your company, including response to surveys or promotions, phone call inquiries, returns, method of payment, the medium used to transact with you, etc.

You may be in the process of cleaning up your marketing database and you need to determine what data you should keep and what data you should get rid of. Of course if you don’t know whether you really need to keep the information or not, and it’s not going to increase your costs significantly to keep it, then by all means, keep it! Just keep in mind that every piece of data you collect will cost you money – in both storage and maintanance costs.

How Do You Collect Demographic Data About Your Leads and Customers?

Obviously, the more demographic information you know about your leads and customers, the easier it will be for you to get them to make a purchase (or repurchase) in the future. And the easier it will be to target the people that are qualified to buy. But as every marketer knows, it's not easy getting information, especially with the increasing privacy concerns that people have regarding the Internet and email spam.

The important thing to keep in mind is that you don't have to ask your customers in order to collect a lot of the demographic information listed above. You can get that information through data appending services.

Data Appending

Data appending companies make their money by collecting and reselling information that is available in the public domain. Below, we have listed some examples of the kinds of business and consumer information you can get from data appenders.

Data appenders get their information from public domain sources like the U.S. Census bureau, so while the data is a good indicator of general demographics, you need to be careful when making assumptions about some of it. For example, household income is an average. It is not the exact income of the people in that household. The Census bureau collects the household income by sub-cells within Census tracts, so the household income is an average for an entire block. Let's take the San Francisco Bay Area as an example. In San Francisco, a block might have people living on it who just purchased their home for half a million dollars with a combined household income over $100,000 a year. Well, that same block will have people living on it who are 3rd generation and purchased their home many years ago or inherited the home from their parents. Their household income might be under $40,000 a year.

Data Appending Example 1: Consumer

Household Incomes Dwelling Type / Size
Unknown 1 unit - single family
Under $15,000 2 units - duplex
$15,000 - $19,999 3 units
$20,000 - $24,999 4 units
$25,000 - $29,999 5-9 units
$30,000 - $34,999 10-19 units
$35,000 - $39,999 20-49 units
$40,000 - $44,999 50-99 units
$50,000 - $74,999 100+ units
$75,000+
Education Levels
Age of Children Some high school
Male (age 0-6) High school diploma
Female (age 0-6) Some college
Unknown (age 0-6) College graduate
Male (age 7-12) Graduate degree
Female (age 7-12)
Unknown (age 7-12) Occupation Type
Male (age 13-18) Homemaker
Female (age 13-18) Retired
Unknown (age 13-18) Student
Blue collar
White collar
Professional

Data Appending Example 2: Business

Employee Size Business Status
1-4 Headquarters
5-9 Branch
10-19 Subsidiary headquarters
20-49
50-99 Stock Exchange
100-249 Private corporation
250-499 New York
500-999 American
1000-4999 NASDAQ
5000-9999 Other
1000+
Credit Rating Scores
Professional Office Size Very good
1 professional Good
2 professionals Satisfactory
3 professionals Unknown
4 professionals Professional
5-9 professionals Institution
10+ professionals
Yellow Page Ad Size
Population Codes Regular listing
24,999 Bold listing
25,000-49,999 In-column ad
50,000-99,999 Display ad
100,000-249,999
250,000-499,999
500,000+

Data appenders generally charge a setup fee, plus a fee per thousand names appended. Of course when you go to get anything data appended on your file, you should only pay for the hits. So if you’re going for phone numbers in a file of 100,000 names for example, and they can only data append 40% or 40,000 names, you should only have to pay for the 40,000 phone numbers that they give you. So if it’s ten dollars a thousand to put a phone number, you’re paying 10 times 40,000, you’re not paying 10 times 100,000.

If you’re going to do data appending, you definitely want to go through an intermediary like Name-Finders rather than going direct. It doesn’t mean you have to use us -- you can go to any company that acts as an intermediary -- but keep in mind that good brokers like us will get a better price based on the business that we give the data appending companies all year long. So even if your broker marks up the data appending service, it will still be cheaper to you than if you went directly to a data appending service. Plus, you'll benefit from the broker's wisdom about what kind of data appending information you really need to have in order to increase your direct marketing effectiveness.

The data you get back from the data appending service will be numerically coded. So for example, if you request "dwelling type" from the service, you'll get a column of codes corresponding to the various dwelling types available. That way you can easily sort on the data

Data Appending Information Is Coded

Below we have listed a few of the decode sheets supplied by the data appenders that we work with. As you can see from the examples below, the data you get back from your data appender will take the form of coded information.

The first table shows the US decode sheet for business-to-business data appending provided by Info USA. The second example shows the US decode sheet for business-to-consumer data provided by Donnelly.

US FIELD DECODE SHEET: BUSINESS
(Source = Info USA)


Title Codes Employee Size
1 Owner A 1-4
2 President B 5-9
3 Manager C 10-19
4 Executive Director D 20-49
5 Principal E 50-99
6 Publisher F 100-249
7 Administrator G 250-499
8 Religious Leader H 500-999
9 Partner I 1,000-4,999
A Chairman J 5,000-9,999
B Vice Chairman K 10,000+
C Chief Executive Officer (CEO)
D Director Sales Volume/Assets
E Chief Operating Officer (COO) A Less than $500,000
F Chief Financial Officer (CFO) B $500k-$1 million
G Treasurer C $1 million-$2.5 million
H Controller D $2.5 million-$5 million
I Executive Vice President E $5 million-$10 million
J Senior Vice President F $10 million-$20 million
K Vice President G $20 million-$50 million
L Administration Executive H $50 million-$100 million
M Corporate Communications Executive I $100 million-$500 million
N Data Processing Executive J $500 million-$1 billion
O Finance Executive K Over $1billion
P Human Resources Executive
Q Telecommunications Executive Ad Size
R Marketing Executive A Regular Listing
S Operations Executive B Bold Listing
T Sales Executive C In-Column Listing
U Corporate Secretary D Display Ad
V General Counsel
W Executive Officer Credit Rating Scores
X Plant Manager A Excellent
Y Purchasing Agent B Very Good
Z Auditor C Good
U Unknown
Gender Code I Institution
M Male
F Female Public Code
1 Public Company
Industry Specific Code Stock Exchange Code & Symbol
For certain SIC Codes, size and classification information appears in the Industry-Specific Code Field.
1 New York NYSE
2 American AMEX
3 NASDAQ NASDAQ
4 Other Other
Individual/Firm  
1 Individual Population Code
2 Firm 1 1-24,999
5 25,000-49,999
Business Status 6 50,000-99,999
1 Headquarters 7 100,000-249,999
2 Branch 8 250,000-499,999
3 Subsidiary 9 500,000+
Match Level Franchise/Specialty
0 Site - Level Refer to our catalog
4 Zip + 4 Centroid
2 Zip + 2 Centroid Hospitals (# of Beds)
X Zip Centroid A 1-24
B 25-49
Nursing Homes (# of Beds) C 50-99
A 1-19 D 100-199
B 20-99 E 200-299
C 100-249 F 300-399
D 250-499 G 400-499
E 500+ H 500+
Hotels/Motels (# of Rooms) Schools/Colleges (Enrollment)
A 1-24 A 1-299
B 25-49 B 300-499
C 50-99 C 500-999
D 100-299 D 1,000-9,999
E 300-499 E 10,000+
F 500-999
G 1000+ Office Size
A 1 professional
B 2 professionals
C 3 professionals
D 4 professionals
E 5 - 9 professionals
F 10 or more professionals
Restaurants (Cuisine Codes)
A Bistro P Pizza
B Brew Pub Q Swiss
C Chinese R Middle Eastern
D Deli S Spanish
E Barbecue T Thai
F Indian U Continental
G Cajun V Mexican
H Soul Food W Vietnamese
I Italian Y Oriental
J Japanese Z Seafood
K Korean 0 Steak House
L Caribbean 1 French
M Irish 9 Greek
N Kosher

US FIELD DECODE SHEET: CONSUMER
(Source = Donnelly, 2002)


Adult Age Range Household Income Mortgage Amount
A 18-24 A $0-$5,000 A Under $25,000
B 25-29 B $5,001-$10,000 B $25,000-$49,999
C 30-34 C $10,001-$15,000 C $50,000-$74,999
D 35-39 D $15,001-$20,000 D $75,000-$99,999
E 40-44 E $20,001-$25,000 E $100,000-$149,999
F 45-49 F $25,001-$30,000 F $150,000-$199,999
G 50-54 G $30,001-$35,000 G $200,000-$249,999
H 55-59 H $35,001-$40,000 H $250,000-$499,999
I 60-64 I $40,001-$45,000 I $500,000-$999,999
J 65+ J $45,001-$50,000 J $1,000,000+
K 65-69 K $50,001-$55,000
L 70-74 L $55,001-$60,000 Mortgage Type
M 70+ M $60,001-$65,000 F FHA
N $65,001-$70,000 V VA
Marital Status O $70,001-$75,000
S Single P $75,001-$80,000 Finance Type
M Married Q $80,001-$85,000 A Adjustable Rate
U Unknown R $85,001-$90,000 F Fixed Rate
S $90,001-$95,000 V Variable Rate
Gender T $95,001-$100,000 O Other
M Male U $100,001-$105,000
F Female V $105,001-$110,000 Residence Type
U Unknown W $110,001-$115,000 H House
X $115,001-$120,000 A Apartment
Credit Card Limit Y $120,001-$125,000
0 Unknown Z $125,001-$130,000 Owns/Rents
1 $101-$300 1 $130,001-$135,000 O Owns
2 $301-$500 2 $135,001-$140,000 R Rents
3 $501-$1,000 3 $140,001-$145,000
4 $1,001-$3,000 4 $145,000+ Loan To Value Ratio
5 $3,001-$5,000 A 0.00
6 $5,001-$9,999 Home Value B 0.01-0.09
7 $10,000+ A $1-$14,999 C 0.10-0.19
B $25,000-$49,999 D 0.20-0.29
Bank Credit Card Type C $50,000-$74,999 E 0.30-0.39
1 Retail Card D $75,000-$99,999 F 0.40-0.49
2 Bank Card E $100,000-$124,000 G 0.50-0.59
3 Oil Card F $125,000-$149,999 H 0.60-0.69
4 Specialty Card G $150,000-$174,999 I 0.70-0.79
5 Upscale Retail/Specialty H $175,000-$199,999 J 0.80-0.89
6 Finance Card I $200,000-$249,999 K 0.90-0.99
J $250,000-$299,999 L 1.00-1.09
Expendable Income / Net Worth Rank K $300,000-$349,999 M 1.10-1.19
A Top 6.6% L $350,000-$399,999 N 1.20-1.29
B Second 6.6% M $400,000+ O 1.30-1.39
C Third 6.6% P 1.40-1.49
D Fourth 6.6% Time Zones Q 1.50+
E Fifth 6.6% E Eastern
F Sixth 6.6% C Central Match Code
G Seventh 6.6% M Mountain 0 Street Address Level Match
H Eighth 6.6% P Pacific 2 Zip + 2 Centroid
I Ninth 6.6% A Alaskan 4 Zip + 4 Centroid
J Tenth 6.6% H Hawaii X Zip Centroid
K Eleventh 6.6%
L Twelfth 6.6% Nielsen Population Rank Land Use
M Thirteenth 6.6% A 810,000 + HH T Mobile Home
N Fourteenth 6.6% B 85,000-809,000 HH
O Fifteenth 6.6% C 20,000-84,999 HH
D Under 20,000 HH
Ethnic Code Ethnic Code Cont. Ethnic Code Cont.
1 Arabian 21 Vietnamese 41 Indonesian
2 Armenian 22 Tagalog (Filipino) 42 Hebrew
3 Asian 23 Chinese 43 Laotian
4 East European 24 Czechoslovakian 44 Latvian
5 Indian 25 Norwegian 45 Lithuanian
6 English (British) 26 Dutch 46 Malaysian
7 French 27 Greek 47 Manx
8 German 28 Hungarian 48 Portuguese
9 Hispanic (Spanish) 29 Middle Eastern 49 Singaporean
10 Irish 30 Russian 50 Sri Lanka
11 Italian 31 Ukranian 51 Swiss
12 Japanese 32 Welsh 52 Thai
13 Pakistani 33 Bangladesh 53 Turkish
14 Polish 34 Bulgarian 54 Yugoslavian
15 Scandinavian 35 Burmese 55 Danish
16 Scottish 36 Cambodian 56 Hindu
17 Swedish 37 Estonian
18 Mandarin 38 Ethiopian
19 Cantonese 39 Finnish
20 Korean 40 Icelandic
Vehicle Group Vehicle Group, Cont. Vehicle Group, Cont.
2 Entry Level (Car) 22 Mid Luxury (Car) 42 Compact Pickup
4 Basic Economy (Car) 24 Prestige Luxury (Car) 44 Midsize Pickup
6 Lower Middle (Car) 26 Heavy Duty Station Wagon 46 Full-Size Pickup
8 Upper Middle (Car) 28 Minivan (Cargo) 48 Full-Size Van
10 Upper Middle Specialty (Car) 30 Minivan (Passenger) 55 Cutaway Van
12 Traditional Large (Car) 32 Window Van (Passenger) 59 Motor Home
14 Basic Sporty (Car) 34 Mini Sport Utility 69 Step Van
16 Mid Sporty (Car) 36 Sport Utility 70 Van Camper
18 Prestige Sporty (Car) 38 Full-Size Utility
20 Basic Luxury (Car) 40 Luxury Pickup
Building and Managing Your Marketing Database
Introduction
Planning Your Database
Database Applications
What Data Should You Collect and Track?
Tracking Transactions
Promotional Source Codes
Database Layout and Data Formatting
Case Study: US Media Company
Back
<% response.end%>