Maximising the value advertisers leverage from their audience data is one of the fundamental digital marketing principles marketers need to get right. However, this is often something that advertisers struggle with, but there are several types of audience data that advertisers have access to and can easily collect. Often referred to as first-party data, the data that advertisers own in relation to their own audience can be leveraged within digital marketing in a number of powerful ways, all of which can all ultimately contribute positively to a brand’s bottom line, throughout the Christmas shopping season, and beyond.
First-party data, data that advertisers own in relation to their own audience, can be leveraged in a number of powerful ways, all of which can all ultimately contribute positively to a brand’s bottom line, throughout the Christmas shopping season, and beyond.
First-Party Data Sources
- Cookie Data – The most common audience data that advertisers can leverage within digital marketing is first-party cookie data. This can range from numeric data, indicating that a user has visited a certain page on your website right through to more detailed alpha-numeric data such as the Order ID of their purchase, and the value of their purchase. Advertisers can maximise this data by segmenting their audience into lists based on commonalities such as the pages they visited, or the value of their previous purchase. Tailored advertising messaging relevant to customer’s actions and behaviour on the website can then be served to deliver relevant advertising and an efficient customer experience.
- Website Data – Other audience data that comes from a brand’s website, such as Google Analytics 360 data, can be used in combination with audience lists to further segment. By making ads more tailored and targeted advertisers will see a higher return on investment. For example, fusing bounce rates and site dwell time into the optimisation process when retargeting can often sift out poor converting traffic from first-party data.
- CRM Data – Advertisers are increasingly taking advantage of their own CRM data. Often used in conjunction with cookie data, CRM on-boarders facilitate the fusing of these two data sources. The benefit here is that CRM data, such as e-mail addresses, can be used as an alternative to cookie data. Additionally, it can be used to cross reference against cookies, essentially cleansing the cookie data and making it more robust for prospecting new customers and retargeting existing customers. Furthermore, it allows advertisers to target specific customer segments such as repeat customers, loyal customers, or even lapsed customers.
- Search Data – Search data from PPC campaigns is another valuable audience data source. Advertisers can use this data to understand the products a customer is searching for or to assess the level of purchase intent they have. It can be then be used to infer banner creative messaging and to create additional targeting segments for display.
If you found these tips useful check out other posts including, “The Impact Christmas has on the Travel Industry” or check in on Wednesday for our fifth post in our ‘12 Days of Christmas Strategy’ blog series, “How are Social Media Metrics Affected by Christmas.” We will be covering more topics throughout the series so stay tuned, and follow our progress on Twitter with #12DayofStrat!