Which of the following is an effective way to broaden your advertising strategy in a privacy-safe way?
- Advertising to users who are in market for your competitors’ products
- Advertising to users on Display and YouTube randomly searching for keywords
- Advertising to users created manually based on marketing strategy segmentation
- Advertising to users similar to your current high-LTV customers
Explanation:
Advertising to users similar to your high-LTV (lifetime value) customers helps expand your reach to audiences likely to engage and convert while respecting privacy. By leveraging lookalike audiences based on first-party data, marketers can effectively target potential customers with similar characteristics and behaviors without relying on intrusive tracking methods. This approach maximizes campaign efficiency and enhances targeting precision in a privacy-centric environment.