Relevance in Advertising : Connecting with Consumers in the Age of Information
Traditionally, the holy grail of advertising was Reach. The more eyeballs that saw your ad, the better. But times have changed. Think about it, how likely are you to engage with an ad for beach umbrellas when you’re planning a ski trip? Exactly.
Consumers crave more than just seeing their name on a banner ad. 67% of consumers say it’s important for brands to automatically adjust their content based on their current context for a real-time personalized experience. They crave relevance.
Did you know that relevant ads can target better and capture a user’s attention three times more effectively? Consumers are bombarded with information every day, and irrelevant ads quickly fade into the background noise. But relevant ads? They have the power to not only grab attention, but also leave a lasting impression. Consumers want messages that resonate with their specific needs, interests, and current context.
To deliver that, you need to leverage AI and Machine Learning to gain a deeper understanding of their individual needs and aspirations. By utilizing data responsibly, brands can craft advertising experiences that are both personalized and relevant, fostering trust and loyalty in the long run.
Beyond clicks, relevance can also save you money. Irrelevant ads often get ignored by users, leading to a lower click-through rate (CTR). This, in turn, can inflate your cost-per-click (CPC), which is the amount you pay each time someone clicks on your ad.
What makes an ad relevant?
It can vary depending on several factors:
– The Platform: On search engines, relevance hinges on matching user search queries. On social media, it’s about targeting users based on their online activity and interests.
– The Audience: Understanding your target audience is crucial. Tailoring your message to their specific needs and demographics will resonate more deeply.
– The Ad Format: Consider the format – text ads, display ads, or video ads. Each format has its own strengths, and leveraging them effectively can enhance relevance.
Marketers who prioritize relevance, holding their best offers for the most relevant moments, will be rewarded with stronger engagement, higher conversions, and maximized ROI. Relevance is the new standard. It’s the key to unlocking a future where advertising isn’t an annoyance, but a valuable companion on the consumer journey.
The checkout process represents a pivotal moment in the customer journey, a moment brimming with buying intent. 34% of consumers encounter irrelevant ads at this crucial stage. Serving irrelevant ads at this juncture is destined to miss the mark, also leads to disrupting the buying journey, resulting in abandoned carts, negative brand perception and loss of potential revenue.
Partnering with solutions like Xuno, which recognize the immense power of relevance, particularly at critical touchpoints like in-cart, payments page and confirmation page can help drive exponential growth.
Ready to learn more? Drop a text on [email protected] to see how Xuno can help your business drive maximum value at every transaction.