Digital Marketing: An efficient way to spend your ad dollars

The world of online advertising has opened up possibilities for reaching the ideal customer that extend beyond what was previously available with traditional media such as TV and print. A multi-media approach is most advantageous for reaching consumers throughout the entire purchase funnel, but digital advertising can reach the customers most aligned with your product when they are doing research, and subsequently when they are ready to take action.
Many business owners utilizing digital marketing appreciate the ability to target their ideal customer and send them specific, highly trackable messaging. Asking a consumer to join an email list, click through to learn more, or even click to make a purchase, are all calls to action that can be measured and then used as indicators of success for the campaign. As we learn more about how users engage with digital advertising, we know that the metrics don’t mirror the success of a campaign fully; consumers take action in a multitude of ways much like with television ads. Still, the idea that they can glean tangible results from digital campaigns is extremely valuable to business owners. If they can market to only the people most likely to purchase their product, then they will be using their advertising dollars most efficiently.
How does a business owner begin implementing a data-driven marketing strategy? Understanding their ideal customer and laying out their campaign goal(s) is the first step. Deciding what benchmarks they will use to measure the success of the campaign is also crucial. Do they need to increase foot traffic by 10%? Will 25 new members to their email database be deemed a success? Once these framework pieces are in place, the last step is picking a solution that matches their goals. Whether this is an internal employee running the campaign or an external digital marketing partner, the likelihood of a successful campaign worth the investment increases exponentially.

If you've been orbiting the digital marketing world for long, you'll know all about Google's plans to abandon the third-party cookie by 2022. The rules for cookies have already started to change thanks to the California Consumer Privacy Act (CCPA). Visit any website, and you'll get a "do you accept this cookie" pop-up. The fight for privacy and owning your data on the internet is just beginning. But what does it mean for marketers?
First, this only affects third-party cookies. Websites that track abandoned shopping carts or where you have chosen to log in will still be active and working. ( x) Those effective ads that follow you around to remind you to come back and buy? They are here to stay!
Second, even though we're losing access to visitors’ individual data, Google already has a plan in place to target ads effectively. Google created the Federated Learning of Cohorts (FLoC)for this very purpose. The goal of the FLoC is to "provide an effective replacement signal for third-party cookies." ( x) Any Google device or product you use will still file away your internet habits for advertising purposes; it will just be less precise. The idea is to shift people from individuals into broader categories. Those categories are what marketers will be targeting moving forward. If you're looking up how to replace a car battery on YouTube, you'll most likely be shifted into the "repairs vehicles" category and served ads accordingly. If we've learned anything from Facebook's targeting practices, it's that they can get very granular with those categories.
The main takeaway from the loss of the cookie is that marketers everywhere will have to be more strategic about their targeting plans. Utilizing advertising avenues that never relied on cookies is a great place to start. Paid search, emails, and social media are just a few areas of focus that generate clicks and customers while not relying on cookies. Leveraging traditional media alongside digital will also be vital to help grow your audience and brand awareness. As always, you can reach out to our digital marketing team of experts to help you navigate the change.
The cookie might be dead, but personalized digital marketing is still alive and well.







