Skip to main content

Look To Loyalty for Data Solutions in a Cookie-less World.


Last year Google announced that it will again delay its replacement of third-party cookies— a practice long used by advertisers. The company said feedback has shown that advertisers need more time to transition to Google’s cookie replacement. Regardless of the decisions behind the delay, Google’s plan to remove cookies will have a significant impact on brand strategies, especially considering Chrome represents more than half of global web traffic. Brands often use cookies—blocks of data a web server generates when a user browses a site—to learn about their customer and (hopefully) improve their digital experience. Cookies can inform everyday functions like product recommendations and e-commerce shopping carts.

The “demise” of cookies means brands no longer have individual consumers’ data at their fingertips and they need new ways to collect and sort this valuable information. But the decline of cookies isn’t new and isn’t “news”. What this delay allows is for brands to review their current data strategy and prepare for a new world. Loyalty programs are a great place to begin. If your brand has a loyalty program then you are already collecting data, you just need to determine how to use it. No single marketing strategy is a perfect substitute for third-party cookie tracking. However, investing time, money, and talent into your data collection strategy enables you to identify the right mix of tools and methods that supports your business objectives. Strategies like zero-party data enable marketing teams to turn data into actionable insights across the customer journey. That’s why loyalty is a perfect home for all of this activity to reside.

When all your customer engagement information is being pulled together first-hand, you’re able to create a real-time profile to help you meet your customers where they are. No more marketing products they just purchased, no more inviting them to join programs they just quit. You will be engaging with them about the things they care about now, on the channel they are currently using.

To create lifelong brand ambassadors, you need to know your customers intimately. Loyalty data allows you to know which specific products from your inventory they like, which ones they would like, and how they want to find out about them. This isn’t possible when using generic third-party data. It’s only possible by creating a united platform solely related to your customers and their engagement with your brand.

And obviously, the more you know your customer and their preferences for your specific brand, the better you will be able to market your brand to them in a way that feels authentic and true. In today’s customer-centric world where repeat sales and customer loyalty matter more than ever, this ability can’t be overlooked.

Any enterprise can use its martech stack to send its customer a notification about a new program, service, or product. But in today’s modern digital journey, that’s not true engagement. At Annex Cloud, we believe that engagement means creating a deeper connection with your customers about the products and programs that are relevant to them. Engagement builds trust. It builds real relationships. And that’s what will keep your customers coming back for more, regardless of what Google decides to do with third-party cookies.

rchelstowski@annexcloud.com

Topics: Customer ViewCustomer Data & AnalyticsLoyalty TrendsCustomer EngagementPersonalizationLoyalty StrategyCustomer Experience

Comments

Popular posts from this blog

Battling The Black Friday Black Eye.

By: Ray Chelstowski / Hilton Barbour It comes as little surprise that fewer US shoppers – a whopping drop of 28.3% versus 2019 - visited retail stores this season for the annual Black Friday bonanza. While it’s likely COVID fears drove some of the decision to stay away, for struggling retailers, the double-whammy of supply chain issues and inventory stock outs meant that the consumer appeal of historically crowded, frenetic malls just wasn’t there. In addition, concerns about the US economy and the volatility of the job market were likely partially responsible for the increase in consumers paying cash or debit for their purchases versus the traditional behavior of buying on credit.  Even online sales on Black Friday contracted from $9bn in 2020 to $8.8bn this year. Though Adobe is forecasting e-commerce sales on Cyber Monday, the biggest online shopping day of the year, to be between $10.2bn and $11.3bn. What is also emerging as a trend is that consumers aren’t concentrating their ...

Is it me or is everyone launching a new loyalty program?

  By: Ray Chelstowski You’re not. Almost every day news breaks about a major marketer either launching a first-ever loyalty program or relaunching an existing program with additional benefits and opportunities to earn rewards. Why is this happening? It seems that the pandemic forced even the most resistant consumers to embrace e-tailers. Not being able to visit brick and mortar stores pushed everyone to shop on line. In turn brands quickly learned that the quickest way to avoid reducing their proposition to price was through loyalty. This propelled the loyalty industry from its “earn and burn” legacy to a place where technology and data are allowing brands to create personalized offerings and experiences that establish real value and repeatable engagement. This momentum quickly caught the attention of QSR’s like McDonald’s and Burger King who had not previously embraced loyalty. Not only did these companies scale quickly, but they beta tested new technologies that provided thei...

How Forward-Thinking Brands Are Leveraging Zero-Party Data To Win With Customers

  By: Ray Chelstowski Today consumers are demanding more personalization from the companies they do business with, and many brands are responding. Businesses like Amazon and Netflix have seen explosive international growth and deep loyalty by building truly personalized customer experiences. They understand their customers, both individually and as a whole and don’t use a one-size-fits-all approach. Instead, they are constantly finding ways to personalize the experience even down to each individual customer. Brad Weston, the former CEO of Petco famously said “It’s all about personalization and customization. Retail brands are going to have to do more than just sell products. You must create an environment where consumers want to do things outside of just purchasing a product. Engage them in the brand in a more holistic way.” Companies like Petco that are excelling at personalization are relentless about it, proactively looking for opportunities to better understand their base –...