This is, according to this expert, what brands should take into account:
“There is no doubt that it is a challenge. Digital marketing has relied on cookies for years, so continuing to be efficient requires change. Perhaps a change in method, processes, suppliers and scope. Ensure that your new parameters are well defined, the environments in which the brand appears, how you will measure the success of your actions, review your segmentation needs, classify them into sociodemographic variables, interests, intention, etc. Be flexible. Try to test and learn from it.”
In terms of collection and use, most of the 1st party data rely heavily on cookies and will be deleted. Despite the expected reduction in volume, paradoxically, it will become a cornerstone, and it is worth focusing on continuing to use it, although in a different way. Two points to consider:
Use your data beyond standard Targeting, using it for direct messages or looking for lookalikes. Evaluate according to priorities how you can use it in one of these two ways:
Make proper management of data privacy. Review all your data collection and use channels, assess how to map your users based on persistent logins/identifiers for future use. By the time publishers have a significant volume of unique IDs on the open web, you’ll want to be able to use them. You will also have to make sure that you are correctly managing your users’ data (consent, right to access and delete data, etc.), not only for regulatory reasons but also for a correct relationship with your users.
Realistically, despite our wishes, there will be no single solution to replace cookies. There will be different approaches, which we will need to understand in-depth, test, and combine to maintain advertising effectiveness levels. Keep up to date with the various initiatives in the industry, try, learn, get involved. The current ones are:
Contextual Targeting is not a plan-B, it offers a viable media strategy, and we have been testing it with multiple brands in different markets. The challenge of advanced contextual Targeting at scale is to understand its value. Learn to plan properly with this alternative: What contexts are available? How and when can I use them? Use your 1st party data to determine which contexts to use, when and how.
Investigate how you can personalize creatives based on the context in which they appear to increase the impact of the message. Compare the results of contextual Targeting with those of your current targeting strategy.
Also Read: The Five Keys To The Success of Your Digital Marketing Strategy
As you move forward in your adaptation to a world without cookies, you will face different challenges that you can anticipate.
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