17.3% Turnover of Targeted CEO’s, President’s, VP’s of Marketing and Sales

Happy mid-September everyone!

I recently decided to scrub my database to make sure I didn’t have bad contact information.

I have a few thousand executives who I regularly market to.

My target executives are CEO’s, President’s, Vice Presidents of Sales and Marketing and Head’s of Demand Generation.

Not exactly entry-level workers.

So we did a recent cleansing and cross-referenced LinkedIn, undeliverables and bounce backs.

Guess what? 17.3% of these executives are gone! This list of names was compiled less than 3 years ago!

Several years ago, I did a data scrubbing and between 19-21% executives had changed positions or moved on.

Either the company was acquired, went out of business or merged. And the executive either changed positions, quit, was terminated or retired.

This is a good economy we are talking about. Not 2008!

What’s the lesson here?

If someone told you “No” in the past, there’s a 20% chance that person is longer there. Do a little bit of research and see if that executive is still with the company.

According to AdAge, the average tenure of a Chief Marketing Officer is about 4 years. About the same as a presidential term.

Regularly scrub your database and get rid of bad data. In both good and bad economies, people move around a lot.

I’m Ray Ruecker with Connect 5000. Thanks for visiting my blog.

 

 

 

 

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