Digital targeting approaches are ways that digital advertisements can better target their audiences. Rather than marketing to everyone, this allows companies to target advertisements to specific individuals who are more likely to be interested.
Here are six digital targeting approaches that can be used to help a company better reach its target market.
- Demographic Targeting
The most common form of digital targeting is demographic targeting. Using this approach allows companies to select specific traits of a consumer to target.
The exact demographics you can target depend entirely on the platform you advertise on. Some platforms offer more digital targeting approaches than others. Some of the demographics that can be used when establishing an ad campaign include:
- Annual personal and/or household income
- Education level
- Marital status
- Number of children
- Homeownership (own or rent)
- Disability status
- Political affiliation
- Religious affiliation
By using demographic targeting, companies are better able to place the right ad in front of the right person. For example, demographic targeting helps a men’s clothing line target men instead of women, which helps them get the most from their marketing budget by not wasting precious advertising dollars on the wrong audience.
- Location Targeting
Location targeting utilizes smartphone and GPS technology to actively identify where consumers are and deliver ads to anyone within a specific neighborhood or predetermined boundary.
This is different from utilizing the location demographic because location targeting focuses on much smaller geographic areas. It also considers if a consumer is actively there or has been there in the past, compared to the location demographic, which is more focused on which city or metropolitan area a consumer is from.
- Similar Audiences
Similar audiences is a tool for businesses that have a core list of customers or clients and are looking to grow that list to include similar consumers that may also be interested.
This approach utilizes algorithms that monitor and track online behaviors. Everything—which websites people visit, the searches they run, and how long they spend online—is monitored and recorded. That information is then used to help businesses place ads to people who are similar to their existing customer base.
For example, a company that produces cooking tools and utensils might discover that their customer base searches for pasta and garlic bread recipes. By utilizing similar audiences, any time someone online searches for pasta and garlic bread recipes, they become a member of that similar audience and can be shown an advertisement for the company.
- Affinity Audiences
Affinity audiences take the concept of similar audiences one step further. Rather than just showing a glancing interest in a topic, this targets an audience based on their habits and lifestyle. Affinity audiences have proven they have a focused passion toward a certain topic, product, or action.
For the baking example above, instead of showing a casual interest in cooking with a single search, affinity audiences demonstrate repeated interest. This requires dozens of searches and consistent web traffic to cooking websites before they become a member of the affinity audience.
Affinity audience targeting helps businesses better reach out to customers who are experienced and interested in a particular topic. This allows the business to create custom, targeted ads that speak directly to the unique needs that only experts in a field understand or recognize.
- Custom Affinity Audiences
Custom affinity audiences go another step further in qualifying an audience member before they are targeted with an ad. This differs from regular affinity audiences because it allows a business to establish its own affinity audience.
The company establishes the parameters of who they are targeting and can narrow it down by restricting it to people who have visited certain websites or even downloaded specific apps. While a narrow list of requirements can minimize the potential target audience, that can be beneficial in marketing because the advertisements become hyper-specialized.
The additional benefit to custom affinity audiences is that they can be used to target customers that are at different points in the funnel.
- Remarketing Audiences
Remarketing is all about reaching out to people who have actually interacted with your brand. If a customer has visited your website or even made a purchase, remarketing allows you to target them.
Because they have already interacted with your brand, or even made a purchase, there is a better return on investment in advertising to them because there is a higher chance for them to make additional purchases.
Simplify Digital Targeting with Agility
The Agility platform makes it easy to utilize digital targeting approaches in your next marketing campaign, while also getting up-to-date statistics about the success of each of your campaigns. Contact Agility today to schedule your demo and find out more about how we can help you get the most from your marketing budget.