Navigating the Future: Strategies for Cookieless Attribution
All of the recent talk of a “cookieless” future has business owners everywhere scrambling to reevaluate their marketing strategies. For years, third-party cookies have been the go-to tool for tracking customer behavior, gathering insights, and guiding advertising strategies, but their fast-approaching demise is poised to change everything.
Thankfully, it’s not all doom and gloom for your business: You’ll simply need to adapt new strategies for cookieless attribution. Below, we’ll help you cut through all the noise and discuss some actionable strategies you can use to prepare for a digital landscape devoid of cookies.
What is the “Cookieless” Buzz All About?
Cookies — particularly third-party cookies — are small pieces of data that provide insights regarding your target audience. They create a digital trail that you can use to monitor consumer behavior and purchasing habits, among other facets of the customer journey.
It is these cookies that the digital world is saying goodbye to, given the heightened awareness and concern regarding internet privacy. The tech world is adapting, prioritizing privacy over tracking.
What Does All of It Mean for Your Business?
Without cookies, understanding your customers’ online journeys becomes a bit like solving a puzzle without the picture on the box: It’s not impossible, but it’s definitely more challenging.
The good news, though, is that there are a few ways to navigate the cookieless future, such as:
Switching to First-Party Data
First-party data is that which you collect directly from your customers. Think of things like email sign-ups, purchase history, or interactions on your website: It is all data that is still fair game and incredibly valuable, so use it to better understand your customers and personalize their experiences.
Focusing on Relationships
With less data at your fingertips, building strong relationships with your customers becomes even more important. Engage with them through newsletters, social media, or loyalty programs, and ensure you make them feel valued and heard.
Use Contextual Advertising
Old-school advertising methods often involved placing ads in places relevant to your product; a form of contextual advertising. For instance, if you sold sports equipment, you were likely to advertise in a sports magazine.
In the digital world, the process of contextual advertising remains similar. You’ll place your ads on sites relevant to your target audience. You won’t have to use third-party cookies because the subset of customers you are targeting is already more likely to visit the site in general.
Get Creative
A cookieless world is relatively uncharted territory, so it’s okay not to have all the answers. Try different approaches, see what works, and learn from what doesn’t. Where some of your go-to tactics may not work so well without third-party cookies, you might discover some new strategies that resonate with your target audience even more. You are bound to experience some growing pains, but that’s just part of evolving in the cookieless future.
Collaborate With Partners and Platforms
Many online platforms and advertising partners are also navigating the impending change, so work with them to understand the kinds of tools and data they can offer you.
By banding together with other brands and businesses, you can tap into a broader set of data and adapt to the cookieless future. Still, make sure to brush up on the latest data privacy regulations. Some frameworks may limit what customer data you can share and who you can disseminate it to.
Use Alternative Tech
The tech world is nothing if not innovative. New tools are being developed that respect privacy but still offer insight. Cookieless attribution technology is particularly exciting, as it relies on other types of user data to gather information about your audience.
Seek out some alternative tech and use it to modernize your attribution modeling. Prioritize solutions that offer customization options so you can tailor them to your unique needs.
Cookies Are Still Around, So Why Bother?
If you’ve been tracking the third-party cookie situation closely, then you know that Google has pushed back the phase-out process several times now. It’s certainly a possibility that they may even push back the deadline yet again, but the company does appear fully determined to begin the gradual phase-out in mid-2024. That said, it could take a few years for them to complete the process.
With so much uncertainty surrounding the demise of third-party cookies, you might be tempted to stand strong — after all, “if it ain’t broke, don’t fix it,” they always say — but that’s certainly the wrong approach to take here.
Instead, adopt new technologies and get your cookieless attribution strategy up and running. If cookies hang around for a few more years, you’ll have an abundance of bonus data to guide your marketing strategy, but if Google sticks to its mid-2024 deadline, you’ll be ready to take on the cookieless world without issue.