Show Menu

10 Questions to Ask Your Advertising Data Provider Cheat Sheet by

10 Questions to Ask Your Advertising Data Provider
content     marketing     advertising     selecting     provider

Introd­uction

Major players like Facebook and Google are facing criticism and scrutiny around the accuracy of their metrics and the lack of transp­arency regarding their audience data, so the industry is ripe for change. But how can you get started and do your part to ensure that your advert­ising data is trusted and clear? With every company claiming that their data can reach the right audience at the right place and time, how can you authen­ticate who to trust?

We've put together a checklist of straig­htf­orward questions that you should ask any advert­ising data provider prior to executing any campaign. This will ensure that you are, in fact, reaching target audiences in the most effective ways and getting the best return on your ad spend.

1. What are the sources of your data?

Every data provider will try to convince you that their data is superior to the altern­atives, but by uncovering where their data is sourced, you'll be able to see past their sales pitches and truly understand what you are actually buying. Are they sourcing first-­party data intern­ally? If so, how? Challenge your data providers and don't let them gloss over this question. You should never buy any data if you don't fully understand where it comes from.

2. How far does your data reach?

Your data provider may have first-­party data, which many agree is more effective than third-­party data. ­­But if the data isn't repres­ent­ative of a signif­icant number of users, it will be difficult to reach the large-­scale audience you want to target. Remember, large numbers of data storage terabytes (TB) do not necess­arily equate to actual audience size. Find out how many real people your data providers can reach with an advert­ise­ment.

3. Percentage created from a look-alike model?

To continue from the previous point, some data providers may have strong first-­party data signals, but relatively small scale and limited reach. Many companies are starting to use look-alike modeling to artifi­cially inflate their reach to make their data look more appealing to buyers. Though look-alike modeling is becoming common practice, you should ask your data partners what percentage of their data is first-­party vs. look-a­like.
 

4. Intent signals Affect User Audience segment?

Which intent signals or behaviors place a user into an audience segment?
If a data provider is selling you customers who fall into a particular interest segment, you should ask what behaviors or actions qualified those specific users for that specific segment. Are your audience segments built from a single data signal? Or does it require multiple signals before adding a user to a segment? Generally, a higher number of signals in a given time period indicates a stronger level of user intent, but you should make sure those data signals are fresh and relevant.

5. How do you maintain audience segments?

Consumers are fickle. Their purchase intent varies based on their mood, interests, what they want or need, and when they need it. If a user initially falls into a segment but does not continue to display interest and intent for that category, data providers should remove that person from that segment. As time passes with few or no actions or signs of purchase intent, those users are unlikely to be relevant targets for your campaigns. You must partner with a data provider with a solid strategy for keeping their audience segments engaged, fresh and current. If you use outdated data, you run the risk of wasting ad dollars and annoying your audience.

6. Explain the process behind audience segments

6. Can you explain the process behind how you define your audience segmen­ts—and the data that feeds into them?

Data providers often give audience segments attractive names like "home improv­ement enthus­ias­ts" or "­handy husban­ds."­ But the fact that someone read a DIY article or looked at a toolbox online once does not make them a home improv­ement enthus­iast. However, a user who has looked at 5 toolboxes in the past 30 days, read multiple ratings and reviews, and then purchased a toolbox is much more likely to engage with and be influenced by timely home improv­ement product ads. This important distin­ction, along with properly labeled audiences, can result in much more effective targeting.

7. Which categories does your data best perform

7. In which categories does your data best perform, and why?

Going back to the first question, you need to understand exactly how data is being sourced. If it comes mostly from sources associated with a particular category, such as health and beauty, ask your data provider to explain why their data performs best for beauty campaigns and what specific signals can point back to a customer's shopper journey for cosmetics.

8. Which metrics does your data best perform,

8. For which metric(s) does your data best perform, and why?

Before running any campaign, it's critical to understand where your data provider's strengths lie in terms of metrics and perfor­mance to ensure that their strategy and recomm­ended audience segments fully align with your business goals. If not, you risk wasting your advert­ising investment reaching users who are not helping drive your desired campaign outcomes.

9. Can you reach user across multiple devices?

9. Can you reach the same user across their multiple devices?
A cross-­device strategy is essential in today's digital world, where nearly everyone uses multiple devices and navigates between them seamlessly throughout their day. Reaching the same user on all of their devices allows you to have an ongoing conver­sation with them throughout their entire path to purchase. Ensure your data provider has a device graph (or trusted cross-­device provider) that links user devices together for a compre­hensive targeting strategy.

10. Does your data drive brand consid­era­tio­n/sales

10. Does your data drive brand consid­eration and/or sales, and can you accurately attribute the perfor­mance lift directly to your campaign? If so, how?

The ultimate end goal of marketing and advert­ising is to drive sales and show a positive return on invest­ment. A data provider should be able to demons­trate the value of their data with concrete examples of campaigns that drive directly attrib­utable sales.

Download the 10 Questions to Ask Your Advertising Data Provider Cheat Sheet

2 Pages
//media.cheatography.com/storage/thumb/davidpol_10-questions-to-ask-your-advertising-data-provider.750.jpg

PDF (recommended)

Alternative Downloads

Share This Cheat Sheet!

 

Comments

No comments yet. Add yours below!

Add a Comment

Your Comment

Please enter your name.

    Please enter your email address

      Please enter your Comment.

          Related Cheat Sheets

          Egg Labeling: What It Really Means Cheat Sheet

          More Cheat Sheets by Davidpol