Creative Marketing Ideas for Data Businesses
Data businesses are unique. With a near marginal product cost and nearly anything possible with a little bit of creativity and analyst skill, identifying new, creative ways to create marketing initiatives for data products is boundless.
Through our experience in the Asset Intelligence division, here are a handful of ideas for how data businesses can market themselves:
- Awards Programs
- Proprietary Reports
- Barter Programs
Awards Programs
If you’re a data business specializing in benchmark solutions, consolidating market or transaction-centric data, you’re in a fantastic position to create a superlative-focused awards program.
At EquipmentWatch, for example, we created a suite of awards, rewarding equipment manufacturers for several key superlatives.
If you’re first-to-market with these awards, you’re in an ideal solution to launch industry-first programs.
Proprietary Reports
Data businesses leveraging primary data, data they directly create and maintain, are in the ideal position to create unique insights-focused reports for content marketing purposes.
At EquipmentWatch, we leveraged our data to create a suite of reports on critical industry points.
Partner Barter Programs
For those data businesses powered by APIs, bartering/giving your solutions away for free, to platforms that can bring thousands of eyeballs to a more limited scope of your data, can be a great way to market your data.
Ideal partner candidates: online platforms with a need for data enrichment, e.g. online marketplaces
In summary, data businesses are in an ideal position to leverage their data for unique and creative marketing programs.