What is GDPR and why does it affect B2B sales?
The GDPR (General Data Protection Regulation) is the European regulation governing how companies collect, store and use personal data. It came into effect in 2018 and applies to any company processing data of individuals in the EU, regardless of where the company is based. GDPR-compliant data handling can actually improve client trust and retention, as Paddle notes in their analysis of data practices that support both compliance and retention.
For sales teams, GDPR does not prohibit prospecting. What it requires is a valid legal basis for processing data and respect for the data subject's rights. In B2B, the two most common bases are consent and legitimate interest.
The good news: when you work with publicly available business data (phone numbers, corporate emails, addresses published on websites or registries), compliance is much simpler. That data was voluntarily published by the businesses themselves.