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Sales teams need reams of B2B data to hit their numbers and achieve sales objectivesâand the quality of it matters more than ever.
Not every B2B data provider is the same, which is why itâs so important for sales teams to ensure theyâre investing in the best data solutions.
By understanding your needs and following a proven vetting process, you can increase the chances you end up with a data provider that helps your team soar to new heights.
Get a demo and discover why thousands of SDR and Sales teams trust LeadIQ to help them build pipeline confidently.
B2B data â the information sales teams use to identify and connect with prospects and customers â is more important than ever before. When time is of the essence and sales teams have bigger and bigger quotas, having the best B2B data is crucial for success and can mean the difference between successful campaigns and wasted efforts.
With economic uncertainties, tighter budgets, and increased competition, selling is harder than ever â which means selecting the right B2B data provider is an even more critical choice.
But how exactly can you determine which provider is right for you? And how do you evaluate the quality of each providerâs data to really know which B2B data vendor is best?Â
In this piece, we examine the key considerations to weigh when evaluating B2B data providers, how to evaluate different solutions, and why you might need more than one data tool if youâre looking to cover the most ground.
As you begin searching for a data provider, youâll likely see that each vendor claims to be the best. But truth be told, whatâs âbestâ for your company really depends on your specific needs and the niche you operate in.Â
Ultimately, the right provider should offer data that aligns with your target audience, integrates seamlessly with your tools, and addresses your industryâs challenges. When youâre ready to start your search in full, evaluate each option using these seven criteria to find the best fit.
When evaluating B2B data providers, you need to consider the range of data attributes they offer. While email addresses and phone numbers can be relatively easy to obtain via a simple internet search, not every vendor might serve up extra details â like links to social media profiles and data describing the different technologies an organization uses.Â
Beyond that, you should also look for vendors that offer advanced capabilities â like the ability to track contacts as they change jobs and features that let you draft personalized emails based on specific data points in just a few clicks using AI.
If youâre relying on outdated data for prospecting, itâs pretty much impossible to hit your numbers.Â
Data accuracy refers to how precise, reliable, and up-to-date information is within a certain data set. As you shop vendors, itâs critical to evaluate accuracy because inaccurate data can lead to misguided sales strategies, wasted resources, missed opportunities, and overall frustration.Â
(Stay tuned: Later in this piece, we share insights into how to evaluate data accuracy when picking a B2B data vendor.)
Many data vendors offer a wide range of data. But do they truly have data that fits your industry?Â
If youâre selling to other software companies, most providers will likely have the data youâre most interested in. However, if your focus is on more niche markets or industries, youâll need to do your due diligence to confirm whether theyâre able to provide accurate, up-to-date data tailored to those specific sectors.
To ensure efficient data flow and minimize manual data entry and the associated errors that come with it, your B2B data provider should seamlessly integrate with your existing tech stack.
Ideally, the right solution will play nicely with CRM systems, marketing automation platforms, and sales engagement tools to ensure your data stays up-to-date and accurate across platforms. Without proper integration, you risk data silos and missed opportunities â which can slow down your teamâs productivity and make it that much harder to achieve your goals.
Your B2B data provider should prioritize privacy and legal compliance to ensure sensitive customer information stays protected and that you adhere to regulations like GDPR, PCI, HIPAA, and CCPA. Unfortunately, noncompliance can result in severe legal consequences â including hefty fines and damage to your brandâs reputation.Â
By choosing a provider that prioritizes privacy, you not only safeguard your organization but also build trust with prospects and clients â reinforcing your commitment to data security. In an age where 94% of organizations agree that customers wouldnât do business with them if they didnât properly protect data, itâs imperative to look for solutions built on a foundation of data security and compliance.Â
When it comes to learning any new piece of technology, itâs only a matter of time before you run into an issue. This is why itâs so important to look for a data provider that has a reputation for excellent customer support.
After all, prompt and knowledgeable support can make a huge difference when it comes to resolving problems quickly and minimizing disruptions to your workflow. On top of this, a responsive support team ensures youâre able to fully leverage the providerâs tools and functionality, increasing the chances you get the most value from your investment in data and data enrichment.
Of course, youâll also need to consider pricing; even the best solution may be out of reach if it doesnât fit your budget. If a provider seems perfect but the solution is too expensive, explore other cost-effective options that offer flexible pricing tiers. This approach ensures you can find a solution that meets your needs without compromising on your budget, enabling you to make a smart investment that gives you the biggest bang for your buck.
Plus, if you start small with a solution and see a ton of value, you can always upgrade your subscription later on.
As you begin searching for a B2B data vendor, youâll quickly find out thereâs no shortage of options at your disposal. So, how can you figure out which provider meets your needs most thoroughly? And while many vendors will tell you their product is the best on the market, how can you really be sure?Â
In this section, we offer some steps you should follow to narrow down your options and begin testing each solution to find the perfect tool for your requirements.
The first step toward finding a B2B data provider is understanding what your needs are. Consider the data attributes that are most important to your business along with data accuracy, how easy each solution integrates with other platforms, and overall ease of use.Â
Again, youâll need to evaluate the pricing structure to ensure you can afford the solution. To make sure your deployment goes off without a hitch, examine the level of customer support provided, and read customer reviews to see what real-world users are saying.
By taking your time and carefully weighing your options, you can begin zeroing in on a solution that aligns with your business objectives and improves your sales processes.
Since there are only so many hours in a day, you likely canât afford to drill down deeply into each of the dozens of B2B data solutions on the market today. And even if you could, thatâs not the best use of time because each platform has different bells and whistles. While some providers might sell you on the fact they have billions of records, those solutions might not have the depth of data youâre looking for (e.g., links to LinkedIn profiles and technographic data).Â
After doing some high-level research, create a shortlist of providers and begin refining your search from there. Since youâre no doubt an intelligent sales leader, your shortlist might look something like this:
Looking to accelerate the research process? Check out our post on the 9 Best B2B Contact Database Providers. While youâre at it, head over to sites like G2 and TrustRadius to see what real-world users are saying about different data providers.
As you continue your search, create a comprehensive list of your existing customers, complete with all the data fields you require. By leveraging your existing data, you can compare it against the caliber of what each vendor offers, allowing you to evaluate the accuracy and depth of their data, along with how up to date it is. This approach not only streamlines the assessment process but it also provides concrete benchmarks you can use to gauge the effectiveness of the data provider.
For the best results, aim to come up with at least 100 companies on your list. If this is not possible â maybe youâre a newer organization or your current data is too fragmented to extract meaningful insights from your CRM â consider creating a list of 100 potential target companies along with relevant titles youâre aiming to reach.
Pro tip: Donât focus exclusively on CEOs, since their information is typically more easy to find. Instead, look for providers who are able to surface information about lower-status team members to give you a more comprehensive view of the organization.Â
Since talk is cheap, itâs crucial to conduct data tests to ensure each vendorâs offerings align with your needs. A reputable provider will typically allow you to run a free test on a sample of at least 100 companies. While some may permit larger tests, focusing on a small group is sufficient for the initial phase of your evaluation. If the provider operates on a freemium model, you should be able to assess data quality without having to have a sales conversation.
That said, you should still think about initiating a conversation with a representative during the testing phase. This interaction will give you insights into the data quality and also the providerâs responsiveness and overall approach to customer service.Â
To streamline the testing process, create a template CSV file that contains your master list of verified data, which you can share with each vendor. This approach ensures you can directly compare the accuracy of the data they provide against what you already know to be true, making it easier to identify the best fit for your needs.
After some period of time, each vendor should send you the list back with new data in the requested fields. If the list you started with is complete and accurate, paste the new data into the same sheet and look for any duplicates. If you requested new fields, see whether the provider was able to deliver on that front.
If you have existing data, you need to ask yourself several questions once the provider gets back to you:
For new fields of data, ask these questions:Â
After taking care of each of these steps, you should be able to narrow your list down to two or three potential suitors. Once youâre confident with your list of finalists, go back and assess other features relevant to each B2B data provider â like integrations, scalability, privacy, and price.
Just like you use multiple channels for team communication â Slack, Zoom, email, and the phone, for example â you might be best off using multiple B2B data providers. Relying on a single provider can limit your sales teamâs potential, as each vendor often excels in specific areas of data collection and accuracy.
To maximize your coverage, we commend engaging multiple providers. This is why integration is such an important feature to consider; you need to keep your CRM organized to prevent it from becoming cluttered with inconsistent, inaccurate, or duplicate data, and integrations can help you do that automatically.
With the right strategy, you can leverage multiple data sources to create a more robust data ecosystem, giving reps access to comprehensive insights they can use to target prospects with more precision.
The right provider will not only help you test their offerings but also ensure their solution seamlessly integrates with your tech stack. Even better, theyâll offer the support you need to ensure a smooth implementation, setting you up for success out of the gate â and putting you in a position to scale with ease when the stars align.
As a top-rated B2B data tool used by countless sales teams around the world, LeadIQ is designed to help modern sales teams prospect with confidence. We believe our powerful platform can give your team the actionable data you need to cover more ground faster â which is why weâve spelled out exactly what you should do to assess different B2B data solutions in this blog post.
In our experience, other providers tend to be a bit opaque about their data because, well, they donât want you to actually test their platforms. They just want you to believe everything they say.
As the saying goes, trust but verify. Weâre telling you the truth â but we encourage you to take a look at the power of our data with your own eyes.
When youâre ready to begin a data test with us, drop us a line. We look forward to hearing from you!