We outline what intent data is, plus how and why to include it within inbound and account-based marketing strategies for strategic advantage.
How do you know if and when a B2B prospect is actively considering, or looking to purchase your product or solution?
For higher ticket items, often only a small fraction of your potential market is in an active buying mode at any one time, so it’s important to be able to pinpoint that purchase intent, and target your engagement appropriately.
Intent data provides a strong link to timely engagement. In short, intent data is information collected about a company’s digital activity, that provides some insight into their purchase intent and online research behaviour. Connecting a range of 3rd party data sources, with data tracked over time to map a buyer journey, intent data enables marketing and sales teams to gain perspective on buying motives, topic searches, challenges, intent velocity and other key account intelligence.
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This may not sound new; at some level, intent data has been around for a while, and many larger enterprises have implemented some level of intent data usage into their business. However, technology and strategies are evolving; intent data is becoming more granular, moving from ‘topic’ overviews to ‘keyword’ insights. This in turn, has improved our ability to add additional context, timing and relevance to account-based analysis of intent insight.
For example, we can now identify where an account is in their buyer journey based on the keywords and content they’re researching. This can also help us to uncover sentiment (positive or negative) around a topic - giving a much more comprehensive overview than more traditional profile and behavioural data.
In increasingly competitive landscapes, where businesses seek to improve operational efficiencies and margins, having insight into when good-fit accounts are ‘in-market’ for your product and solutions puts you at a clear competitive advantage.
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For larger more complex sales, where intent can be tracked over a period of at least a few months before purchase, intent data allows sales, marketing and account teams to achieve some level of understanding about what target accounts are researching, often before the account has engaged with your content, sales team, and most importantly, your competitors.
How can you use intent data to enhance your marketing and sales campaigns? Firstly, it’s important to recognise the differing types of intent data:
To enhance campaigns, ideally, third-party partner intent data should be layered with your own internal intent insight; from sales insights to account research. Layering this information helps to develop a clearer, more comprehensive picture of target account business drivers, goals and challenges, which can be combined to deliver a more comprehensive perspective on propensity to buy.
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Once you have this clarity on account’s intent and insights, you can then start building out propositions, campaign messaging and execution strategies - targeting the right accounts, with the right message, content and offers, at the right time.
For example, with this insight, campaigns can benefit from:
With campaigns such as ABM, having the right intent data can transform the accuracy of campaigns; from helping you to identify the specific target accounts that are most active and likely to purchase, to helping to refine the right messaging and targeting for that account specifically.
With the level of insight that intent data provides, marketing and sales campaigns of all varieties, Account-Based Marketing or otherwise, can be more relevant, timely, and effective; to return greater results.