Once you’ve done this preliminary work to ensure you’re respecting people’s choices, you can pursue larger objectives around measurement and business growth that are enabled by a robust first-party data strategy.
Two important ways brands can unlock first-party data are by delivering helpful experiences and creating fair value exchanges. These can be achieved by making interactions meaningful, memorable, and manageable. Following these steps can help explain to users what data is being used, what value they’ll get by granting data permissions, and how they can control their data sharing.
Make it meaningful
For marketing to feel relevant, people should be able to find value in an exchange.
According to Boston Consulting Group, over 90% of consumers are willing to share their personal information for the right incentive, such as improved convenience. And research from Google and Ipsos reveals people will voluntarily share data with companies that demonstrate a clear value proposition.2 Marketers can anticipate their customers’ needs with relevant and timely messages that communicate the clear benefit of such an exchange.
Make it memorable
For marketing to feel responsible, people should be able to remember having shared the information that informs the marketing they see.
Many internet users have a limited understanding of how online privacy works and that affects the way they feel about advertising. But those who remember the choices they’ve made about data sharing exhibit more positive responses.3
Make it manageable
To make your marketing feel useful, give people control over their information.
When people feel they lack control over their personal data, they can become sceptical of digital marketing.4 Marketers should provide the tools and information people need to manage their privacy.
There are clear actions that advertisers can take to increase customers’ feelings of control. The most effective combinations can help optimise for consent, increasing your store of first-party data.5
Apple’s App Tracking Transparency
Apple’s App Tracking Transparency (ATT) policy requires iOS developers to ask for permission when they use certain information from other companies’ apps and websites for advertising purposes, even if they already have user consent. Review Apple’s documentation and applicable laws and regulations. If the ATT framework applies to your app, you may decide to create and display a warm-up or explainer screen before asking for consent with the ATT consent prompt. Implementing the prompt may improve the performance of your iOS App campaigns.
Kia wanted to build better experiences for car shoppers visiting its channels, with the goal of increasing engagement and dealer visits. It partnered with dealers to customise its website experience by region and allow customers to book test drives online, in the process receiving useful customer signals.
Kia’s first-party data strategy resulted in a 4X better conversion rate, a 3.7X increase in click-through rate, and a 55% improvement in new-user engagement compared with their benchmarks.
Zoe Financial, a New York-based wealth platform, used HubSpot to safely store first-party data and provide valuable insight into what makes an ideal client. By using HubSpot’s CRM platform to import offline conversion events, Zoe Financial measured conversion values across its full lead-to-sales journey. This new comprehensive view allowed it to optimise Google Ads campaigns to focus on converting the right prospective clients.
As a result, Zoe Financial saw its most valuable client segment rise to 60% of sales.