Behavioral Targeting – A potential DSP strategy for media campaigns

Published on: 15 February 2016 Last Updated on: 29 May 2021
content rally

Aren’t you happy that you are finding the perfect leads that automatically convert into customers in your digital media campaigns? Behavioral targeting, a recent technique in digital advertising, has enabled marketers to achieve 90% success from their campaigns.

Although the name itself tells about the kind of marketing strategy behavioral targeting is, let’s find out more…

Behavioral targeting effectively uses a customer’s past activity while displaying an ad. While matching an ad with the user, the media planning software uses non-personal and anonymous information from the user.

The fact that identifying user behavior is not just limited to the desktop makes media planning software a versatile technology. There are some mobile media platforms that help companies to target users depending on their mobile search patterns. One of the key factors in mobile tracking is where the users are located when they conduct a particular online search.

How behavioral targeting functions

The agencies use demand-side platforms (DSPs) for buying the advertisements across the networks in real-time. As there is media software that can track the user’s IP address and content type, the user browses using deep package inspection
(DPI), and the marketer is able to identify the ad appropriate for the user. The marketers then buy relevant ads via real-time bidding (RTB) and put them up on the websites. This media planning software allows marketers to focus on ads for granularity specified audiences. The tool uses different kinds of data to show the right ad to the right audience.

Information marketer’s use for behavioral targeting:

  • The demographic information that the user has shared with partner websites
  • Data extracted by cookies from the websites visited by the consumer
  • General assumptions based on the types of websites visited by the user
  • Social networking sites for collecting data for this kind of targeting

Types of behavioral targeting

Several technologies and approaches are used in behavioral targeting. Every company in space has its set of nomenclature and approach. However, the entire gamut of behavioral targeting can be roughly divided into three categories:

  1. Targeting based on affinity

Also known as traditional targeting, the tracking is based on the information the users take in. Here, the user is tracked within a particular category. By consistent consumption trait, the tracking is based on the interest the user shows in web search. This way, advertising is based on unique profiles of users rather than by focusing on the current search that the user has keyed in.

  1. Re-targeting

This tracking is simpler than affinity-based targeting. Here, the user has already visited a website, made some pre-decision stage activities, but has not completed the action. Usually, users get tagged through cookies and they can be targeted again via some cross-selling prospects. According to the user’s latest interest, an advertisement can be tailor-made using re-targeting.

  1. Predictive targeting

Predictive targeting is based on a series of data collected both, online and offline. The first step is gathering data online— analyzing user behavior through their clicks and real-time internet surfing. The user gets monitored through the websites they visited the amount of time spent on each website, etc. The first profile of the user gets created through online monitoring. Complete data is then collected by some kinds of socio-demographic survey, which provides complete information on the lifestyle and interests of the user.

Predictive technology is used to analyze the survey data (offline) with performance data (online) to complete the profile. Thus, there is the extrapolation of socio-demographic data of the sample population to a larger user base, using the similarities in the behavioral patterns observed in the sample users to a larger population.

Behavioral targeting is definitely a valuable media planning software for digital advertising. However, you need to beef your strategies up with adequate tactics. Start with the identification of the right audience for a certain media buy, the required accomplishment of the campaign, and consequently its appropriate channels and communication media. Within this framework, identify if behavioral targeting can achieve better or not.

Author Bio:

Preethi Vagadia is currently a Senior Business architect with the Service operations practice at a well-known IT Industry in Bangalore. She has worked in several process improvement projects involving multi-national teams for global customers. She has over 8 years of experience in mortgage technology and has successfully executed several projects in logistics management, logistics integration, reverse logistics, content management system software, warranty software, and programmatic solutions.

Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Storybrand

The 7 Steps to Create a Storybrand to Ensure Marketing that Works

If you want to engage your customer base in a way that deeply resonates with their needs, you need to communicate a story well. One of the best ways to do story-based marketing is through the Storybrand system. The folks developed the system around seven fundamental principles that make marketing a clear, intuitive, and organic process. Storybrand marketing is a customer-focused marketing technique that you can apply to just about any business model. If you're interested in creating a compelling brand story that engages with your target market, read on for seven essential steps to get started.   The 7 Steps to Create a Storybrand to Ensure Marketing that Works:   1. Start With The Customer:   Every good story starts with a central character. A lot of businesses feel that they need to be the central character in their account. In reality, the customer should be the center of the story. This restructuring allows them to place themselves within the narrative you are trying to create.   2. Identify A Problem:   According to Donald Miller, every good story has a problem or conflict. This problem that you identify is the central need that your customer faces. This need is the exact problem that you can solve for your customer - and it is often what defines your value as a company.   3. Identify Yourself as The Guide:   This is where you come in. You are the guide in the story who has the ability to lead your customer through the murky confusion of their problem and can guide them to the solution. Speaking of guides, a storybrand certified guide can help accomplish all the steps on this list professionally. Make sure that you, as the company, are clearly the solution to your customer's unique problem.   4. Have A Plan:   You need to identify yourself as an expert. You have a unique solution to your customer's issue. This is especially critical for any business-to-business model. You need to explicitly communicate the expertise that you have built over a long period of time.     5. Have a Clear Call to Action:   Now that you have clearly identified the hero in the story (your customer) and the solution to their problem (you), there should be a clear call to action present. It doesn't need to be pushy -- just compelling. Remember, the story should do most of the work for you. A storybrand certified guide can help you toe the line of compelling and overzealous.   6. Define Success or Failure:   The narrative that you craft should make it abundantly clear that if the customer follows the instructions given to him by the guide, they will achieve success. If they choose not to accept the guide's help, they will run into the same problems that they have been facing.   7. Failure:   Failure shouldn't be the centerpiece of your story, but it should serve as a vehicle of helpful tension for your story. Make sure that the customer understands the possibility of failure if they choose to not engage with your product or service, as well as the benefit of using your company.   Read Also: How To Foolproof Your Digital Marketing Strategy? Four Things Marketing And Public Relations Firms Want To Tell You Why Every Business Holder Should Start Using The Drip Marketing Campaign

READ MOREDetails
business money

How to use IT to Save Your Business Money

In a world that’s focused on making your business fly, ‘return on investment’ (ROI) is a term that’s usually talked about when you’re planning SEO, PPC or social marketing strategies. In fact, IT can offer a huge ROI for your business – simply by streamlining processes that could otherwise see your team or contractors spending unnecessary time struggling with sub-par systems and devices. We’ll walk you through 6 of the best ways to save money, with nothing but IT as your tool… How to use IT to Save Your Business Money: Explore open-source software : It’s easy to forget that Microsoft, Google, Adobe and the other huge software and service providers aren’t the only companies out there who create worthwhile resources. If you’re used to working for a company, you might take it for granted that the typical applications you’ll use (think; word processing, spreadsheets, customer relationship management, accounting – and much more) are just there for you within a few clicks – but actually, those pieces of software cost a significant amount of money. The truth is, the household names are the ones we know about because they’ve got the budget to market their products far and wide – but in fact, there’s a host of great open-source applications out there that are completely free to use – you’ve just got to know where to look. Open-source is more than just a money-saving tip though, in fact, there’s a world of developers who believe open-source is the only way you can truly reflect user’s needs in the long term – and many of those developers commit themselves to maintain and adjusting the free software to suit businesses just like yours. This TechRadar list offers some great open-source applications that’ll definitely help your business save money when compared to full price alternatives. Let employees work on their own devices : ‘Bring your own device’ (BYOD) such a simple idea – yet so many businesses resist it. When you let your employees use their own devices to do company business, you’re saving huge amounts of money – and actually increasing productivity at the same time. Countless studies have shown that employees are more comfortable and more productive when they use their own devices for work tasks – and the maths really adds up: If using a device you’re familiar with only saves 10 minutes each day – that adds up to an incredible 45 hours over the course of a full working year – essentially offering you a free week’s worth of work if you’re happy for employees to use their own machines. Of course, there are security considerations to be made – and BYOD is likely to be impractical if you’re handling a lot of sensitive client information, but if you’d like to take away a huge chunk of capital expenditure from your budget, these could be problems you’d be happy to work around. Outsource support : When it comes to money-saving, good tech systems can give and take in similar measures – but one of the largest costs to consider when you’re installing IT relates to the people who are going to support it. If you’re a small company, even if you only have a very small number of employees, you’re probably going to need someone to support your IT systems – and if you don’t have that person in place, you run the very real risk of not being able to trade if your IT network goes down. So, what does the maths look like? Well, you’ve got a $40,000 basic wage for someone who comes with the skills set needed to keep a network up and running by themselves – then you’ve got to factor holiday cover, sickness, maternity/paternity leave, training and what happens if that person decides they’d like to work somewhere else. All in all, carrying IT staff can be problematic – and extremely expensive – which is why managed network providers (MSPs) are becoming more and more popular with small to medium-sized businesses. With an MSP, you’ve got the potential of 24/7 access, 365 days a year – plus no need to worry about keeping an individual up to speed with the latest accreditations and training programs. You simply pick up the phone and access the support – which, most of the time, can be applied to your systems remotely. If you’d like your tech to save you thousands – you could do a lot worse than finding a good MSP and treating them like they’re one of your valued team. Buy resources ‘as a service’ : If you’re bringing your IT support onboard as an outsourced service – why not do the same with your applications, platforms, and infrastructure? In the last 10 years, larger tech companies have realized that there’s an increasing number of small businesses becoming established year on year – and those companies simply do not have the money that’s needed to buy expensive software licenses, development platforms and costly networking infrastructure straight out of the gate. The solution? Offering all of the above on a subscription basis – pay for only what you use, whenever you need it? A result is an increasing number of people opting to move to solutions like Microsoft Office 365 and Google’s G-Suite – both examples of ‘Software as a Service’ (Saas). That said, it’s not just cloud-accessed software that’s available in this manner, Microsoft now provides email exchange servers on a similar subscription basis too – with the robust security you’d expect from one of the biggest tech companies on Earth. All these things are made possible by the cloud – the concept of storage and services that are hosted centrally, with your internet connection bridging the gap between your business and the resource. Of course, you’re going to need a connection that is stable and fast enough to allow uninterrupted access – but that’s more than realistic for most internet service providers. Interestingly – the monetary benefits of SaaS are actually likely to be two-fold, as there’s an increasing body of evidence that suggests people actually work more effectively together when they’re collaborating online, even when compared to sitting next to one another in an office space. If you want to increase productivity and reduce costs with the help of IT tech, you could do a lot worse than to explore which of your required resources could be procured ‘as a Service’. Read Also : How Does Modern Technology Propel The Success Of Your Business? 5 Affordable E-Commerce Shopping Carts For Small Business What Are The Benefits Associated With Crowdfunding For Businesses?

READ MOREDetails
DOOH Advertising

Why DOOH Advertising Should Be A Part Of Your Multi-Channel Marketing Strategy

In today's hyper-connected world, consumers are constantly bombarded with advertisements across multiple channels. To effectively engage your target audience, it's essential to adopt a multi-channel marketing strategy that integrates various touchpoints. One channel that should not be overlooked in this approach is digital out-of-home (DOOH) advertising. With its unique ability to captivate consumers in public spaces, DOOH offers several compelling reasons why it should be an integral part of your multi-channel marketing strategy. Extended Reach and Increased Visibility: DOOH advertising provides an opportunity to expand your brand's reach beyond the confines of online and traditional media. By leveraging strategically placed digital displays in high-traffic areas such as shopping malls, airports, and transit stations, you can expose your brand to a larger audience. Unlike other advertising channels that are limited to specific devices or platforms, DOOH has the advantage of reaching consumers when they are outside their homes, making it an effective way to generate brand awareness and increase visibility. According to a study conducted by Nielsen, DOOH advertising has the potential to reach 90% of the population in some markets (1). By including DOOH in your multi-channel marketing strategy, you can tap into this vast audience and ensure that your brand message reaches a diverse range of consumers. Targeted and Contextual Messaging: DOOH advertising allows for highly targeted and contextual messaging, enabling you to deliver relevant content to specific audiences. DOOH networks often provide advanced targeting capabilities based on factors such as location, time of day, and audience demographics. This level of granularity allows you to tailor your messaging to resonate with the specific audience present at a given location, enhancing the relevance and effectiveness of your campaigns. For example, a sports apparel brand can display ads promoting its latest collection near gyms or sports facilities, targeting fitness enthusiasts. Similarly, a cosmetics brand can showcase its products in high-end shopping districts to attract its desired demographic. By leveraging the targeting capabilities of DOOH, you can ensure that your message reaches the right people at the right time and place. Seamless Integration with Digital Channels: DOOH advertising seamlessly complements your digital marketing efforts by bridging the gap between offline and online channels. With the rise of technologies like near-field communication (NFC), QR codes, and mobile integrations, DOOH campaigns can drive engagement by encouraging consumers to interact with your brand through their smartphones. For instance, a DOOH ad can display a QR code that leads consumers to a landing page or a mobile app where they can learn more about the product, make a purchase, or participate in a contest. By integrating DOOH with digital channels, you create a cohesive brand experience and increase the chances of converting offline interactions into online actions, ultimately driving customer engagement and conversions. Enhanced Creativity and Engagement: DOOH advertising offers unparalleled opportunities for creativity and audience engagement. With dynamic digital displays, you can deliver captivating and visually appealing content that captures attention and leaves a lasting impression. The ability to incorporate motion, animation, and high-resolution visuals enables you to tell compelling stories and convey your brand's message effectively. Moreover, DOOH campaigns can incorporate interactive elements such as touchscreens, motion sensors, and augmented reality (AR), enabling consumers to actively engage with your brand. These interactive experiences foster deeper connections, increase brand recall, and encourage social sharing, amplifying the impact of your marketing efforts. For example, an automotive brand can create an interactive DOOH display where passersby can virtually customize the features of a car and visualize it in real time. This hands-on experience not only generates excitement but also allows potential customers to interact with the brand in a memorable and engaging way. Measurable and Data-Driven Insights: Like other digital channels, DOOH advertising provides valuable data and insights that can inform your marketing strategies. Metrics such as impressions, dwell time, and interactions can be tracked and analyzed to gauge the effectiveness of your campaigns. By leveraging these insights, you can optimize your DOOH messaging, make data-driven decisions, and allocate resources more effectively. In addition to these basic metrics, DOOH can leverage advanced technologies for even more granular data. For instance, facial recognition technology can provide demographic information about the audience, allowing you to gauge the composition and characteristics of the viewers. This data-driven approach helps you understand your audience better, refine your targeting, and tailor your messaging to maximize engagement and conversions. Unique Brand Experiences: DOOH allows you to create unique and memorable brand experiences that are difficult to replicate through other channels. Whether it's a large-scale projection, a digital billboard takeover, or a stunning interactive display, DOOH enables you to captivate audiences and differentiate your brand from competitors. By providing immersive and innovative experiences, you can create a strong emotional connection with consumers, ultimately driving brand loyalty and advocacy. For example, a fashion brand can collaborate with an artist to create a mesmerizing digital art installation that showcases their latest collection. This visually striking display not only attracts attention but also associates the brand with creativity and innovation, leaving a lasting impression on viewers. In conclusion, digital out-of-home advertising should be an integral component of your multi-channel marketing strategy. By incorporating DOOH into your overall marketing mix, you can expand your brand's reach, deliver targeted messaging, seamlessly integrate with digital channels, foster engagement, gather valuable data, and create unique brand experiences. By leveraging the power of DOOH alongside other marketing channels, you can maximize the impact of your campaigns and effectively engage with your target audience in both offline and online environments. Read Also: What is a Digital Marketing Agency and What Can It Do For You? This Is Why Social Media Is Essential in the B2B Sales Process 5 Benefits of Digitalization in Marketing

READ MOREDetails