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.
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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 dont know whether you really need to keep the information or not, and its 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 youre 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 its ten dollars a thousand to put a phone number, youre paying 10 times 40,000, youre not paying 10 times 100,000.
If youre going to do data appending, you definitely want to go through an intermediary like Name-Finders rather than going direct. It doesnt 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 |
|
|
|
|
|
|
|
|
|
|
|
|
 |
|