Apps like Tinder have made online dating the norm for today’s young professionals. What used to be seen as awkward, and only for those who couldn’t find a date on their own, is now the accepted dating standard. It appears unusual to find a single Millennial who doesn’t have an account on at least one dating app.
But what is it about dating apps that should have advertisers paying attention?
For one, they’re slowly creeping into advertising territory that’s currently monopolised by platforms like Facebook and Google. Advertisers and dating apps are now “swiping right” together, with apps like Tinder offering programmatic advertising solutions, and partnering with social media channels to gain access to their extensive databases and seamless native ads. Soon we’ll be seeing ads akin to this: No luck today swiping for love? Perk yourself up with a new hair colour or teeth whiteners to boost your chances of a match next time around.
Tinder’s foray into programmatic is enticing to advertisers due to the brand’s recognizability, global reach, and high levels of engagement. Since many users register using their Facebook accounts, the platform is a rich data mine for advertisers looking to corner the Millennial market, as 74% of users fall into this bracket. Advertisers don’t need to chase users for information because they happily provide their personal details in order to get the most out of the app. The more data you provide, the better your chances of a match. Just think of the custom audiences that can be built with all that data, or the accuracy of look-a-likes, targeting users as they swipe with creatives for perfumes, hair dyes, toiletries, and clothing.
In addition to commonly used data, like age, gender, income, location, and education, dating sites also give advertisers the chance to target based on highly sought after information, such as: favourite movies, TV shows, religion, body type, political views, and something as finite as whether they’re a “drinker” or “non-drinker”. Tinder has also recently stretched its search parameters to include gender identities outside of traditional male-female selections, allowing advertisers to access and meet the demands of a new, quickly rising, advertising demographic.
These apps are no longer just on our phones – Tinder is now on Apple TV, taking the app off the phone, and turning dating selection from a private affair, into a social event. Tinder gets friends and family in on the game by allowing dating to become much like the sitcoms of old, where everyone can sit around on the couch and weigh in on your potential love life. Tinder has even rolled out several light-hearted ads showing friends, parents, and even grandparents, helping singles swipe left and right. The sky is the limit now that Tinder has crossed the device threshold.
Though it is still in its infancy, online dating is a fantastic arena for programmatic innovation. Advertisers have seen dramatic results in CTR and engagement after showing relevant, great looking ads on Tinder that suggest their product will help the user land, or have, that first successful date. Advertisers looking to take advantage of programmatic to boost awareness, engagement, and revenues may want to partner with online dating sites, especially those struggling to connect with this generation. These apps have easy access to the data and target demographic heavily favoured by many brands.