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I think what’s shocking is how awful a lot of the targeting is. Even before I started getting super aggressive about blocking all trackers, I regularly got fed
by village-idiot 8y ago
I think what’s shocking is how awful a lot of the targeting is. Even before I started getting super aggressive about blocking all trackers, I regularly got fed ads for products and services I didn’t need, and in languages I couldn’t understand.
The most confusing is that I keep getting ads from the same company I bought my wedding ring at. Like, I’m not divorced, and I don’t need a second. Why would they re-target me?
- lmm 8y agoWeddings are a high-margin business, they can afford to spend a lot on advertising and not be too careful about their targeting. The advertising service is happy to take their money. It's not that we can't do better, it's that there isn't enough incentive to do better at any level.
- munchbunny 8y ago> The most confusing is that I keep getting ads from the same company I bought my wedding ring at. Like, I’m not divorced, and I don’t need a second. Why would they re-target me? I'm guessing there's a good reason for this. Did you visit the company's website? And did you buy in person? If so, you're seeing the online to offline problem: specifically, it's hard to correlate your online data with your offline data, so it's hard to tell the difference between someone who already bought a ring from somebody who hasn't yet bought a ring. And I'd bet most people who visited the website haven't bought a ring yet. So you bring up an interesting point: this is an externality of 1. wasted ads, 2. irritation for the user, 3. a useless invasion of your privacy.
- sharkmerry 8y agowould they want to solve this problem? It would improve their targeting but also lower their advertising base significantly. Ive used a shopping cart product for about 6 years, I still get ads for their company on my phone. No offline to online issue there and they still dont solve it.
- munchbunny 8y agoDo you mean the online to offline issue? It's a pretty big thing right now because it's actually two issues: (1) is being more efficient with ad buying, and (2) is knowing whether your online ads are actually getting people to come in and buy stuff. Hypothetically, let's say current ROI is $1.10 for every $1 spent. We stop spending for people who already bought a diamond. Our ROI might go up to $1.12 for every $1 spent. That means the ability to avoid targeting people who already bought a ring is worth $0.02 for every $1 we spend. A company comes and says "for $0.01 on every dollar, we'll give you that ability". Of course you'd take it. That's more or less what's happening now. > I've used a shopping cart product for about 6 years, I still get ads for their company on my phone. No offline to online issue there and they still dont solve it. Yeah you're hitting on another theme of modern day digital advertising. Our collection of data far outstrips our ability to actually act on it. So you'll commonly find situations where you'd assume they could know based on the data they probably collected, but for some reason they don't act on it.
- sharkmerry 8y ago>> Hypothetically, let's say current ROI is $1.10 for every $1 spent. We stop spending for people who already bought a diamond. Our ROI might go up to $1.12 for every $1 spent. That means the ability to avoid targeting people who already bought a ring is worth $0.02 for every $1 we spend. A company comes and says "for $0.01 on every dollar, we'll give you that ability". Of course you'd take it. But this is only if you are looking at 1 user right? The advertiser is making the call between the incremental income from better tracking vs the extra income from more impressions. It seems as if they are choosing the extra income from more, but worse impressions. If they are not solving the online ad to online purchase, which in my mind, they arent doing because it limits the advertising base, which limits ROI more than targeting
- village-idiot 8y agoI purchased once from them half a decade ago online, I still receive ads for them now.