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Wealth Beat News > Small Business > How To Navigate A Cookie-Less Future
Small Business

How To Navigate A Cookie-Less Future

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Last updated: 2023/05/20 at 6:37 PM
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Alastair is Co-Founder of Digital Marketing Agency Optix Solutions in the U.K.

Contents
1. First-Party Data Collection2. Contextual Advertising3. Customer Relationship Management (CRM) Tools4. Google Topics5. Machine Learning And AI6. Customer Loyalty And Advocacy

Have you ever been in that situation where something you looked at online seemingly follows you around for days after? That, my friends, is the world of cookie-based marketing, and we’re about to see big changes.

The cookie-less future refers to the impending decline of third-party cookies, which have been widely used for tracking user behavior and enabling targeted advertising. As privacy concerns grow, tech giants like Google are phasing out these cookies, forcing marketers to adapt their strategies to be more privacy-centric. In this new era, businesses must find innovative ways to engage customers without relying on the more invasive tracking methods.

Based on my experiences in the industry, I’ve put together some practical tips and tactics for navigating the cookie-less landscape and achieving digital marketing success while respecting customers’ privacy.

1. First-Party Data Collection

This is the big one; you’ll likely read a lot about this over the next year or two. Businesses are going to need to focus on first-party data collection. It essentially means gathering information directly from your customers and prospects through various touchpoints, such as website registrations, newsletter sign-ups and in-app interactions. This data can be used to create personalized experiences without infringing on user privacy. For instance, you can create personalized product recommendations or tailored email campaigns based on the customer’s browsing history on your website. This is nothing new, by the way—it’s just about to get a whole lot more important.

2. Contextual Advertising

Understanding your ideal clients and where they hang out is important. As third-party cookies become obsolete, contextual advertising is emerging as an alternative. Instead of targeting users based on their browsing history, contextual ads focus on the content of the website or app where the ad is placed. To implement this strategy, analyze the type of content your target audience typically consumes and place your ads on relevant platforms. This way, you’ll reach your audience in a privacy-friendly manner and boost your chances of conversions.

3. Customer Relationship Management (CRM) Tools

CRM tools are invaluable for creating personalized marketing campaigns in a cookie-less environment. By leveraging the data you’ve collected directly from your customers, you can tailor content, promotions and communications to match their preferences. For example, you could segment your email list based on customers’ past purchases, then send targeted offers and recommendations to each group. Say you ran an online pet store and knew the animals your customers owned; you could then create clever campaigns that land for that particular segment. I once received an email about fireworks night with products tailored to the fact that we had a dog and they knew this could be a tricky night for us. Brilliant.

4. Google Topics

After a number of years of testing and evaluating different ways to operate in the upcoming cookie-less world, Google has currently alighted on what it’s calling “Topics.” The Chrome browser will track the browsing history of its user over a short period of time (weeks, not months) and class the users’ habits into Topics. Ad networks utilizing this API will then be able to push adverts to browsers where the topic matches their preferences. Not as targeted as we have now, perhaps, but certainly more privacy-centric. I recommend watching this space.

5. Machine Learning And AI

Machine learning and AI can help analyze user behavior and create customer segments without relying on third-party cookies. By utilizing these technologies, you can identify patterns and trends in customer behavior, enabling you to tailor your marketing strategies accordingly. For example, you could use AI to predict which products a customer is most likely to purchase based on their on-site activity, then serve personalized ads or promotions to them.

6. Customer Loyalty And Advocacy

In a cookie-less world, building strong relationships with your customers is more important than ever. Focus on creating exceptional customer experiences through personalized communication, attentive customer service and value-driven content. Encourage your customers to leave reviews and share their experiences on social media, as word-of-mouth marketing can be a powerful way to attract new customers without relying on cookies. Some might say that having an amazing product or service is the best marketing you could ever do.

Navigating the cookie-less future may seem daunting, but it presents an opportunity for businesses to develop more privacy-friendly marketing strategies that foster trust and loyalty. By embracing the ideas above, you can successfully adapt your digital marketing efforts to the changing landscape and continue driving results in a privacy-first world. Good luck!

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News May 20, 2023 May 20, 2023
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