Buying Data: Price vs Quality

Buying Data: Price vs. Quality

While a low price per hit sounds nice, if the data provider returns an abundance of non-performing or inaccurate data, your return on investment isn’t going to look as fiscally responsible. So, what wins… price or quality?

Tip 4: Evaluate Cost per RPC – Not Just Price Per Hit

In this example, you can see how price-per-hit and RPC rate make a major difference to your invoice and your performance.

Price vs Quality Data

Using cost-per-RPC, a vendor with higher pricing may still be a better option if their RPC-to-hit ratio is higher. When multiple vendors are used, give priority to the vendor that returns the lowest cost per RPC to reduce overall skip tracing spend.

 

View other cost savings tips by click on the links below:

Tip 1: Align Your Skip Tracing Strategies with your Dialing Strategies

Tip 2: Identify Non-Performing Data Sources to Reduce Excess Data & Costs

Tip 3: Evaluate Where Your Wrong Numbers are Coming From to Avoid Costly Lawsuits

 

 

 

LocateSmarter

Author: LocateSmarter

LocateSmarter offers customizable skip tracing and compliance solutions that improve contact rates, reduce operating costs and minimize the risk of litigation. With agile development, superior customer service and transparency through analytics, we deliver products built by end users, for end users.