How Losing Third Party Cookies Will Affect Marketing
Today, privacy is one of the hottest topics that marketers debate over. Consumer data privacy is an important issue, and with the increase in our reliance on technology, keeping our information and behavior private has become a top provider for many service providers. With data breaches more likely than ever due to the advances made by the dark web’s hackers and consumers increasingly concerned about handing out their information, brands must be ready to pivot away from the cornerstones that they’ve relied on for years.
One such element that is dead or in the process of demise is the third party cookie. Marketers will recognize this term as an element that enables brands to track consumer behavior online. Retargeting is a popular way that brands utilize cookies, which gives them an opportunity to show the consumer ads repeatedly, on multiple platforms, all thanks to the ability to track their activity.
Sounds creepy when it’s put that way, right? But this retargeting practice has been in operation as long as cookies have existed on the internet.
One thing that won’t be going away is keyword tracking, which is another way to analyze and predict consumer behavior. Tracking keywords is a useful element of any marketing strategy, and tailoring content to include the higher-performing keywords can bring new traffic to a website easily. This sort of “contextual” marketing will do well as an alternative to remarketing that also honors consumer privacy in a better way.
Another way that marketers can boost their strategy without using third party cookies is to monitor traffic sources using analytics tools such as Google Analytics. These tools can be as minute and detailed or as broad as you’d prefer. This is entirely dependent on the KPIs that the brand is measuring and what metrics are important for it to monitor.
By keeping track of all traffic sources, marketers can target more content or paid search ads accordingly. For example, let’s say that a sports blog is a top referrer to a website that pumps out statistics for fantasy football. Knowing this, the website can target this blog with specific ads or use keywords that can be found in its content in the content they push out. This symbiotic environment will be instrumental for brands looking to suitably replace third party cookies.
While cookies have made our lives easier as marketers because of the automation they offer, there are still plenty of opportunities to take advantage of automation. Generating reports that measure the effectiveness of marketing campaigns’ keywords or analyzes traffic acquisition can easily be automated, giving marketers more time to spend on creating content that will reach their target demographic.
Ronn Torossian is CEO of 5WPR.