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<!DOCTYPE html> <html> <head> <title>Data Enrichment Tools & Best Practices for B2B SaaS</title> <meta content="Data Enrichment Tools & Best Practices for B2B SaaS" property="og:title"/> <meta content="Data Enrichment Tools & Best Practices for B2B SaaS" property="twitter:title"/> <meta content="Almost every team we work with at Hull uses data enrichment to qualify leads, personalize messages & complete profiles. Here are the best practices we’ve seen." name=description /> <meta content="Almost every team we work with at Hull uses data enrichment to qualify leads, personalize messages & complete profiles. Here are the best practices we’ve seen." property="og:description"/> <meta content="Almost every team we work with at Hull uses data enrichment to qualify leads, personalize messages & complete profiles. 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With deeper profiles and richer context of your leads and customers, you can personalize their messaging, qualify leads, and deliver a better buying and customer experience without laborious form fills and data capture.</p> <p class=full-img> <img src="//images.ctfassets.net/nffxf5qv6v6n/5NOmB6os0wgMwkmMk0oCuS/b6bf35b23dc676e5e4c5d83b0280d9bf/data-enrichment-playbook.jpg"> </p> <p>For data enrichment to truly be a useful and valuable initiative, several things need to be true:</p> <ul> <li>You need to trust the quality of the incoming, third party data</li> <li>You need to maintain and refresh your data on a regular basis to keep it from becoming stale</li> <li>All of your tools should share the same, newly-enriched data</li> </ul> <p>In this Spotted post, we’re going to share the tactics and techniques being used by data-driven sales and marketing teams.</p> </div><div class=post__text><h2 id=tactical-takeaway-1-use-data-enrichment-to-identify-your-ideal-customer-profiles>Tactical Takeaway #1: Use data enrichment to identify your ideal customer profiles</h2> <p>Data enrichment providers can offer dozens and dozens of data points. For some teams, this can be overwhelming (and in breach of compliance). How do you make use of all this data?</p> <p>The best teams we see selectively use data enrichment providers based on their ideal customer profile. They use whatever data is needed to identify and engage potential best-fit customers.</p> <p><strong>Ideal customer profiles are not “wooly” personas.</strong> They’re clear, objective definitions shared by all customer-facing teams. Follow our process here to define your <a href="https://www.hull.io/blog/ideal-customer-profile/">ideal customer profile</a>.</p> <p>Your ideal customer profile should spell out the types of data you need. This makes sure you don’t end up sourcing or buying (and then managing or wrangling) data you don’t need. Not only does this keep your data structure leaner and easier to manage, but this also helps with GDPR compliance since you’re not holding personal data without purpose.</p> <p><em>Voila! You’ve identified the data you need, and no more.</em></p> <h2 id=tactical-takeaway-2-identify-sources-of-data-enrichment>Tactical Takeaway #2: Identify sources of data enrichment</h2> <p>You need to approach data enrichment providers in the same way you’d go grocery shopping. You have your defined list of needs (from your ICP) and you want to avoid splurging on unnecessary upsells and splurges.</p> <p>In terms of finding data, there are a few sources.</p> <ol> <li>Web scraping</li> <li>Manual lookup</li> <li>Enrichment providers</li> </ol> <h3 id=web-scraping>Web scraping</h3> <p>You can do some basic web scraping with xPath in <a href="https://support.google.com/docs/answer/3093342?hl=en">Google Sheets using the <code class=prettyprint>=importxml</code> function</a>. Though this quickly falls over and doesn’t work at scale, you can write simple xPath queries to lookup content with a page like a page title.</p> <p>Say you wanted to pull a list of all the H2 chapter headings in this post, you could write <code class=prettyprint>=importxml("https://www.hull.io/blog/lead-nurturing/", "//h2")</code> into a cell. Learn a little <a href="https://www.w3schools.com/xml/xpath_syntax.asp">xPath syntax</a> and try it in Google Sheets!</p> <p>But this quickly falls over at any scale. Google Sheets hacks can’t keep up with what’s possible with Python scripts and the like. If you can’t write your own scripts, then using a tool like Import.io can let you build your scraping model within a point-and-click interface and then export or sync via API (using Hull and Hull Processor) to your all tools.</p> <p>Whatever method you choose here, the web is a messy place. There’s likely to be a lot of post-processing needed before your data is usable.</p> <h3 id=manual-work-and-brute-force>Manual work and “brute force”</h3> <p>Whether you have “your guy” or another trusted source, sometimes you just need an army of people to fetch data for you. For very common tasks, you want to avoid your (expensive) sales reps spending their time doing manual work that can be outsourced. This can be helpful (although more expensive) for more nuanced data.</p> <p>For instance, at Hull, we sell to B2B SaaS companies. But SaaS might have a free trial or might only be accessible through demo and a “formal” sales process. We’d want to talk to each of these differently, discussed product qualified leads with one, and different playbooks with the other. It’s hard to get an accurate, complete picture of their business and pricing model without taking a look at their website first.</p> <p>Mechanical Turk is one option to outsource these sorts of manual tasks. You can also define your tasks with a service like Crowdflower, and have the responses synced to your other tools (or Hull) through their API. This is important — you need to be able to automate the requests and responses of your manual lookups, then tie it together with your other tools.</p> <h3 id=data-enrichment-providers>Data enrichment providers</h3> <p>The simplest and easiest solution is to work with a data enrichment service. Data enrichment tools do three things:</p> <ol> <li>Fetch publicly available data</li> <li>Organize, cleanse, and format that data it in a useful manner</li> <li>Make the neatly packaged data available around a “key” (an identifier like email, domain name, or IP address).</li> </ol> <p>The best providers can fetch and organize more data and better, and offer enrichment in different forms. Think of this as different ways to associate data and query their database. Things like:</p> <ul> <li>Email address to a person profile</li> <li>Domain name to a company profile</li> <li>Domain name to persons’ profile (prospecting)</li> <li>IP address to company profile (reverse IP address)</li> </ul> <p>We’ve seen and worked with many data enrichment providers. As a category, we see them as essential to data-driven marketing and building a customer-focused experience. There’s five we’d mention in particular which are good at different things (and this is not an exhaustive list). It’s not uncommon for teams to use more than one tool.</p> <p><strong>FullContact for person-level data.</strong> With their APIs, you can get much more data about an individual than any other including social data, gender, and relationships. Ideal for B2C and person-level data. They also license their data to popular marketing tool vendors like HubSpot and Intercom to “fill in the blanks” in profiles there (so you might be using FullContact already without knowing it!).</p> <p><strong>Clearbit for professional and business level data.</strong> They have a collection of APIs to enrich, prospect & reveal people and companies. With over 100+ attributes, they have a depth of data and reliable coverage (particularly in the mid-market where others struggle) that others don’t appear to offer for B2B.</p> <p><strong>Datanyze for technographics.</strong> For companies selling software, understanding the technographic profiles of leads is essential. Datanyze’s data is fresher and (unlike most others) looks up technologies that aren’t just scripts in the page but technologies “out of the page” like CRMs and backend databases.</p> <p><strong>Madkudu for predictive scoring.</strong> Once companies get to a certain volume of leads and have established sales processes, the cost of missing best-fit opportunities and “talking points” with each of those leads grows. Using Madkudu you can enrich your leads with the scores and signals that are most relevant to them.</p> <p><strong>LeadGenius for custom data enrichment.</strong> The idea here is to combine and manage manual lookups with web scraping to package together custom person and company data that’s specific to your business, that’s not possible or unreliable from other data sources.</p> <p>If you are looking for a data enrichment provider, we’d recommend talking with their reps to get some sample data for a set of leads or customers that you define (100 is a good number) and then measure the completeness and accuracy of the data they provide.</p> <p>(At Hull, we’re also working with more and more data enrichment providers to co-sell Hull + Enrichment packages. Fewer contracts and a faster sales process. <a href="https://www.hull.io/features/data-enrichment/">Learn more about data enrichment through Hull</a> and talk to sales.)</p> <p><em>Voila! You have identified the sources for your 3rd party data</em></p> <h2 id=tactical-takeaway-3-outline-your-data-mapping-and-fallback-strategies>Tactical Takeaway #3: Outline your data mapping and fallback strategies</h2> <p>It’s not just about identifying and sourcing data. You need to understand how the different sources of data map between tools and their fallback strategies. For instance, a job role (like <code class=prettyprint>Marketing</code> <code class=prettyprint>Sales</code> or <code class=prettyprint>Operations</code>) might be captured:</p> <ul> <li><strong>1st party</strong> from a lead or customer directly (through form, chat, or a sales call)</li> <li><strong>2nd party</strong> inference (through onsite or in-product behavior and categorization. <code class=prettyprint>Templates for marketers</code>)</li> <li><strong>3rd party</strong> data enrichment provider</li> </ul> <p>The best teams have a clear strategy how these different sources interact and how to prioritize them within a data flow. This means mapping out your data.</p> <p><strong>The first part of this is understanding how your data will appear in existing tools.</strong> Often, you’ll already have some of these fields setup (and tied to other logic like workflows and email templates). You need to map equivalent fields between tools. Here’s an example for name, email, and job title.</p> <table><thead> <tr> <th></th> <th><strong>Salesforce</strong></th> <th><strong>HubSpot</strong></th> <th><strong>Intercom</strong></th> </tr> </thead><tbody> <tr> <td><strong>Name</strong></td> <td>First name, Last name</td> <td>First name, Last name</td> <td>Name</td> </tr> <tr> <td><strong>Email</strong></td> <td>Email</td> <td>Email</td> <td>Email</td> </tr> <tr> <td><strong>Job Role</strong></td> <td>Job Title</td> <td>Title</td> <td>Employment Title</td> </tr> </tbody></table> <p>You need to map data across all your key tools that own lead or customer profiles, for all the data points that define your ideal customer profile.</p> <p><strong>Next, you need to understand the priority of each data source.</strong> For instance, you may find data from lead forms more precise and accurate than 3rd party data enrichment, or the other way around.</p> <p>Your data should write into one global trait from all the possible sources so you just need to map one trait that is populated with the most precise, most accurate answer at any one time.</p> <p>To do this you can use <a href="https://www.hull.io/features/processor/">Hull Processor</a> to write and update <code class=prettyprint>hull.traits()</code> using any of your other other data. You can then use this single set of reliable traits using fallback strategies to cleanly map the right data to all your tools.</p> <p>We notice amongst data-driven teams that this is an iterative process. CDPs like Hull can help by giving a schemaless (reading: nothing’s “locked down”) <a href="https://www.hull.io/features/profiles/">unified customer profile</a> whilst you iterate on and extend your customer profile data models.</p> <p><em>Voila! You’ve now know where your data will come from and how it will map across all your tools</em></p> <h2 id=tactical-takeaway-3-universal-data-enrichment>Tactical Takeaway #3: Universal data enrichment</h2> <p>Often, data enrichment is not distributed equally. Teams often start by enriching tools with plug-and-play integrations like Salesforce. This creates a data silo.</p> <p>In the ideal world, you need to break and sync your customer data. You want every tool to share a common view of each lead and customer.</p> <p><img src="//images.ctfassets.net/nffxf5qv6v6n/6kUN7QYXDiyuyu8yEAisqU/0f3178a04167ff3917d7386d1773bceb/sync.png" alt="Illo: Sync"></p> <p><strong>This is particularly true with marketing-to-sales handoff.</strong> The modern practices we see with CRMs like Salesforce is that contacts are only being created after signup or when sales reps are getting involved, with lead management held in a separate tool or database like a marketing automation platform or CDP. This keeps CRMs much cleaner, more manageable, and cheaper to run.</p> <p>However, marketing needs to be able to use data enrichment to qualify leads, segment messages, and personalize content. There are likely to be many more total leads under marketing than by sales too (particularly if only sales-ready leads are in Salesforce). So, you need to be able to enrich your marketing leads too across all your marketing tools:</p> <ul> <li>Email</li> <li>Ads</li> <li>Live chat</li> <li>Web personalization</li> <li>Sales calls</li> <li>Direct mail</li> <li>Analytics</li> </ul> <p>… and everywhere you have a lead or customer profile. One way to do this is with a unified lead profile where you can capture everything about each lead, and everything they’ve ever done, according to every tool and database you have.</p> <p><strong>Your data enrichment providers and sources should make it easy and accessible to have your data flow to more than one tool.</strong> Some providers charge more for integration with different tools (often Salesforce). This is understandable if there’s additional value in how they integrate.</p> <p>But avoid tools that charge you multiple times to use the same data in different tools with no other value-add — at Hull, we believe in breaking, not making data silos.</p> <p>By enriching your main lead management system (CRM, marketing automation, or <a href="https://www.hull.io/blog/what-is-customer-data-platform/">customer data platform</a>) then syncing lead profiles between all your other marketing tools, you can integrate enriched data across your marketing campaigns.</p> <p><em>Voila! You now have enriched data to use across all your sales and marketing tools</em></p> </div> <div class="post__push push push--medium push--card"> <p class=push__title> More "Spotted" playbooks like this? </p> <div class=push__content> <p> Subscribe to The Crow's Nest newsletter from Hull for best practices, ideas & resources for customer data management. </p> </div> <form action='/l/subscription-success' class='push-form form--email-capture' method='post' name='blog-body-email-capture'><input type='hidden' name='form-name' value='blog-body-email-capture' /> <input name=anonymous_id type=hidden /><input class=push-form__input name=email placeholder="Your work email"/><button class=push-form__button type=submit></button> </form> </div><div class=post__text><h2 id=tactical-takeaway-4-selective-and-sequential-data-enrichment>Tactical Takeaway #4: Selective and sequential data enrichment</h2> <p>It doesn’t always make sense to enrich everyone all the time, particularly if there are multiple layers of enrichment to deliver the desired result. You need full control over who is enriched and when. There are two scenarios we see data-driven teams using these strategies in.</p> <ol> <li>Selective data enrichment</li> <li>Sequential data enrichment</li> </ol> <p><img src="//images.ctfassets.net/nffxf5qv6v6n/JeAqyLJfwYyYcqeGK0UWo/128853141e8a7c7b84fbc1c5de0a0823/segment.png" alt="Hull Segments"></p> <h3 id=selective-data-enrichment>Selective data enrichment</h3> <p>Data enrichment providers often charge on a credit system based on the number of records returned. It might be the case that you can already disqualify and remove a set of leads based on data you already have from forms or previous data enrichment. No additional data will convince you that this account is a good fit.</p> <p>For instance, it may not matter if someone’s a marketer if they’re part of a Government agency that you can’t service. Or it may not matter if someone’s a good fit or not if the company or person is in a country that speaks (and needs to be served in) another language.</p> <p>To control data flows, you need to be able to create segments to sync selective contacts to your enrichment provider.</p> <h3 id=sequential-data-enrichment>Sequential data enrichment</h3> <p>As well as using segmentation for controlling data flows, you can use segments to control a series of data enrichment calls.</p> <p><strong>Customer data flows in loops</strong> — where you request data about a profile, and get a response. In some cases, you may want to trigger multiple flows. For example, first to call Clearbit to get data about the person and company, and then to call Datanyze to get matching technologies if they happen to be a good fit.</p> <p>You can also use sequential enrichment to manage powerful data driven strategies where the response from one data enrichment loop is the key for the next:</p> <ol> <li>IP address to company domain — “company revealed”</li> <li>Company domain to company profile — “company enrichment”</li> <li>Company domain to person profiles — “prospecting”</li> <li>Email address to person profile — “person enrichment”</li> </ol> <p>This is called the <a href="https://www.hull.io/blog/reveal-loop/">Reveal Loop</a> — a strategy we’ve noticed many scaling B2B SaaS startups adopt.</p> <p><em>Voila! You have full control over your data enrichment flows.</em></p> <h2 id=tactical-takeaway-5-transform-data-enrichment-into-action>Tactical Takeaway #5: Transform data enrichment into action</h2> <p>Most data enrichment providers do a good job at packaging up (usually messy, badly formatted) data into a clean, consistent set. But lots of data-driven teams take their data management to the next level through transformation, segmentation, and synchronization.</p> <p><img src="//images.ctfassets.net/nffxf5qv6v6n/1UXIXtiWPiGWiekcc20Ec2/744dc7cfae574173686a2c5875027879/processor.png" alt="Illo Processor"></p> <h3 id=generate-new-data-through-data-transformation>Generate new data through data transformation</h3> <p>Using data from data enrichment providers, you can "compute" or generate new sets of data that may be more useful or relevant to your business. For instance, at Hull, we used revenue, industry, and technographic data provided by our third party enrichment provider to generate a new data field value for company fit. Our <a href="https://www.hull.io/features/processor/">Processor</a> essentially "reads" the data provided and then generates a new value for either "great fit", "ok fit", or "bad fit".</p> <p>This new company fit value makes it easy for our marketing and sales team to quickly make a judgment on a new account.</p> <h3 id=fine-tune-data-enrichment-through-segmentation>Fine-tune data enrichment through segmentation</h3> <p>Enriching your data can be a costly practice, unless you put some guardrails in place. Creating segments to control who is enriched can be a good way to ensure you only use those enrichment credits on highly quality leads.</p> <p><a href="https://www.hull.io/blog/lengow-demo-dropoff-case-study/">Automated lead qualification using data enrichment fixed a 50% drop off in demo request responses</a> for one Hull customer.</p> <h3 id=syncing-enriched-data-to-all-your-tools>Syncing enriched data to all your tools</h3> <p>Finally, you need to connect up a data flow between all your tools. For instance, at Hull and many similar companies with work with, each demo request that comes in through form or live chat needs to be enriched with Clearbit and Datanyze data.</p> <p>If they match certain criteria, they enter a segment of <code class=prettyprint>Qualified Leads</code> which is then synced to a CRM and Slack to notify sales reps.</p> <p><em>Voila! You can transform your enriched data into automated actions</em></p> <h2 id=best-fit-criteria-for-data-enrichment>Best-fit criteria for data enrichment</h2> <p>Though data enrichment has broad usage and appeal, we’ve observed the best results amongst companies who:</p> <h3 id=have-a-clear-ideal-customer-profile-even-if-it-s-not-validated>Have a clear ideal customer profile (even if it’s not validated)</h3> <p>You need to find the data to define your ideal customer profile, not the other way around.</p> <p>Some earlier stage companies have used data enrichment to test and experiment with different markets. Enriched customer data records also gave them more basis for quicker analysis (and faster iteration) than without.</p> <h3 id=have-a-clear-customer-profile-data-model-already>Have a clear customer profile data model already</h3> <p>You have a tool setup which owns each key stage of the customer journey (like leads and customers) with a means to upload or sync contacts and contact data between them. This means you can put your enriched profile data to use right away.</p> <h3 id=have-some-contacts-and-web-traffic>Have some contacts and web traffic</h3> <p>If you have very few contacts to enrich, your time will be better spent working elsewhere in the funnel. Some data enrichment providers offer a simple one-off upload and batch service if you want to test the waters relatively cheaply.</p> <h2 id=results-we-ve-seen>Results we’ve seen</h2> <p>We’ve observed amongst Hull customers who fit the criteria:</p> <ul> <li>Up to <a href="https://www.hull.io/blog/oz-content-mofu-hyper-segmentation-playbook/">4X increases in marketing qualified leads</a></li> <li>Fixed a <a href="https://www.hull.io/blog/lengow-demo-dropoff-case-study/">50% drop off in demo request responses</a></li> <li>Removed <a href="https://www.hull.io/blog/appcues-lead-qualification-case-study/">30% of sales pipeline as junk leads</a></li> <li><a href="https://www.hull.io/blog/oz-content-mofu-hyper-segmentation-playbook/">3X increase in email open rates</a></li> <li><a href="https://www.hull.io/blog/automated-sales-emails/">$10,000/day in net new revenue</a></li> </ul> </div><div class=post__text> <h2 id=what-you-should-do-now>What you should do now</h2> <ol> <li><p><strong><a href="/meet/demo">Request a custom demo</a></strong> - and see how to unify & sync all your tools, teams & data (like we did for <a href="https://www.hull.io/customers/">all these companies</a>), or <a href="https://www.hull.io/meet/demo/">book a demo with a product expert</a>.<br><br></p></li> <li><p><strong>If you'd like to learn our best practice for customer data integration</strong>, read our free <a href="https://www.hull.io/blog/getting-started/">Guide to Getting Started with Customer Data Integration</a>.<br><br></p></li> <li><p><strong>If you enjoyed this article</strong>, perhaps your team will too? Why not share it with the links below.</p></li> </ol> </div> <div class=post__sharing> <span>Share this article with your peers</span><div class=article_next__sharing> <ul> <li> <button name=linkedin></button> </li> <li> <button name=twitter></button> </li> <li> <button name=facebook></button> </li> <li> <button name=email></button> </li> </ul> </div> </div> <div class="post__bio bio"> <img src="//images.ctfassets.net/nffxf5qv6v6n/2rGZF2VIxu420ImmUegaQ0/60cb837ee424fcdf33ee9f209f22bd57/ed-fry.jpg" class=bio-image alt=""/> <div class=bio-infos> <span class=bio-name>Ed Fry</span> <div class=bio-desc> <p> <p>Prev 'Ed of Growth at Hull, working on all things content, acquisition & conversion. Conference speaker, flight hacker, prev. employee #1 at inbound.org (acq. HubSpot). Now at <a href="https://www.behindthegrowth.com/">Behind The Growth</a><br></p> <p>If you've questions or ideas, I'd love to geek out together on <a href="https://twitter.com/edfryed/">Twitter</a> or <a href="https://www.linkedin.com/in/edfryed/">LinkedIn</a>. 👇</p> </p> </div> <div class=bio-social> <a class=bio-link href="https://twitter.com/edfryed/" target=_blank><img src="https://d33wubrfki0l68.cloudfront.net/dba8223bfde09cb1e08aef5f3ea8f501cecdfd43/f3d96/assets/icons/twitter-light.svg"/></a><a class=bio-link href="https://medium.com/@edfryed/" target=_blank><img src="https://d33wubrfki0l68.cloudfront.net/9a6ac1778f813e4c03d9c47910f7a4ed515458df/fe770/assets/icons/medium-light.svg"/></a><a class=bio-link href="https://www.linkedin.com/in/edfryed//" target=_blank><img src="https://d33wubrfki0l68.cloudfront.net/94865da5f9076880bdf8c6c498635dfbf54f5053/b8edf/assets/icons/linkedin-light.svg"/></a> </div> </div> </div> </div> </main> </div> </div><footer class=footerBlog> <div class=footerBlog__container> <div class=footerBlog__logo> <h2> <span>Hull.io</span><img src="https://d33wubrfki0l68.cloudfront.net/7b8724e644b434bc00e510a144fc947b714b0093/00db2/assets/images/logo/icon/light@2x.png" alt=""/> </h2> </div> <div class=footerBlog__articles> <a class=footerBlog__article href="/blog/hull-future/"> <h3 class=footerBlog__article-title> Hull's Future as part of MessageBird </h3> <div class=footerBlog__article-text> <p>Hull's Future as part of MessageBird</p> </div> </a> <a class=footerBlog__article href="/blog/webinar-recap-your-data-your-way-part-5-data-synchronization/"> <h3 class=footerBlog__article-title> Configure & Control Your Data Flows (Webinar Recap) </h3> <div class=footerBlog__article-text> <p>In Part 5 of "Your Data, Your Way", we round out our series discussing data synchronization, showcasing two examples of one-way and bi-directional syncing.</p> </div> </a> <a class=footerBlog__article href="/blog/messagebird-acquires-hull/"> <h3 class=footerBlog__article-title> Exciting news to share... </h3> <div class=footerBlog__article-text> <p>A message from our CEO, Romain Dardour.</p> </div> </a> </div> <div class=footerBlog__actions> <div class=footerBlog__links> <p class=footerBlog__links-col> <a class=footerBlog__link href="/blog/">Blog</a><a class=footerBlog__link href="/docs/">Docs</a><a class=footerBlog__link href="/about/">About</a> </p> <p class=footerBlog__links-col> <a class=footerBlog__link href="/docs/guides/">Guides</a><a class=footerBlog__link href="mailto:support@hull.io?subject=Guys, I need help!" target=_blank>Contact</a><a class=footerBlog__link href="tel://+18666748185" target=_blank>+1 866-674-8155</a> </p> </div> <div class=footerBlog__subscribe> <span class=footerBlog__subscribe-title>Get our latest ideas & resources</span> <p class=footerBlog__subscribe-intro> We share our newest and best resources, ideas & developments with our customers via our newsletter. 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