Improving your audience and decreasing your spend.
Now that you’ve generated your artwork and decided your channels, who do you distribute it to? Data-driven automations are key here. You know your audience and the artwork they’ll respond to, but how do you reach them directly?
There are several marketing technologies that help you target campaigns. Most if not all advertising platforms will let you create a demographic and target them. A good example of this is programmatic advertising, which will choose which ad to serve when a web page loads based on that user’s demographic, serving the most relevant, in a fraction of a fraction of a fraction of a second.
Effective targeting immediately cuts down your spend, but, how far can you go? With data-driven marketing technologies you can get your message out on a household level, aiming for the individuals most likely to interact with your message. Hyper-geolocated and hyper-targeted demographically, instead of spending thousands on a blanket campaign, generating a low conversion rate, and getting a small ROI, spend pennies on the person likely to spend thousands.
With door drop or direct mail campaigns, for example, targeting an area and demographic interested in buying a house, the return on investment can be in the hundreds of thousands. If your development is great for first time buyers, you can filter out homeowners and those too young to be looking to purchase and get your message out to the audience most relevant to you.
Then, as your distribution is also centralised, you can start to tie channels together using technologies such as QR codes and centralised advertising/marketing platforms. This way, you can view which campaign is the most successful, and which campaigns were unsuccessful, and use those metrics to improve your marketing. For example, if one postcode sector was a huge success, you can use data platforms to generate a demographic of that postcode. Are they wealthy? Are they generally above a certain age? Are they renting or homeowners? Do they have greener habits? Once you have that demographic, you can repeat it across the board.
With channels tied together, too, you can also retarget the most interested households and cut your spend down even more. If somebody scans your QR code and visits your website, you can retarget them with ads. If somebody isn’t interested, you don’t need to spend more money on them. This way, you can filter down to the most interested customers and get them on board with a product or service that will benefit them.