There may not be a cure for the common cold, but now there is one for… DATA ABUSE!

I must have better data information.

In a recent blog, on October 1, (”What is the Number One problem with marketing communications today?”) I blamed data abuse. Data abuse is running rampant through almost every business in the world. It’s of epidemic proportion causing billions of dollars of revenue loss each year.

Since I posted that article, I have learned that data abuse is the leading cause of return to sender for the USPS (United States Postal System). I’m not talking about Elvis and his hit record of 1962, but that data abuse can be inflicted by any man, woman, or child. All they need is a pen, pencil or purchase a rubber stamp that simply says, “Return to Sender,” and employ it on any piece of mail they receive.
 
Is this why the USPS may seek bankruptcy protection?
 
The MarketingDoc has found a cure and by doing so, I have reached my lifetime goal of finding a cure for something. Here are three simple steps to take to eliminate data abuse in your company and never see or hear “return to sender” again.
  1. If your company database has data files that are 24 to 36 months old without any updates, simply delete it from all computers and hard drives, never to be seen again. This is the hardest step to take, but remember, the data is useless and can cost you money. Sort of like an in-law that you hope to never have.
  2. With the remaining data, start a simple analysis of the data. I usually look at geographic, good customer, good prospect, SIC, revenue, title, industry, or just about anything that yields a better view of the data. In this step, simple is better. As you move forward you’ll have a better idea of the best segments and customer profiles to use.
  3. Buy new data based on your analysis. Test your hypothesis to make sure you are on the right path. This is the surest way to profitability. Then the data becomes useful because now it’s information and the dire end of data abuse!

Take these three simple steps to your boss or board of directors. Use it as a prescription for better marketing health from the MarketingDoc. But to make sure you don’t get kicked out of the office, tell them when your data abuse is cured, research from a leading data group reports you can anticipate two-thirds more in revenue.

Data abuse is costly – eliminate it today!

Call 800-251-3608 to get your prescription today! Reminder: We do make house calls.

MarketingDoc

 

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About MarketingDoc 383 Articles
30+ years in marketing. 30+ years as a small business owner. Love music, photography, gardening and just about anything outdoors!

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