What are the benefits of using first-party data?
First-party data offers tons of benefits, including:
- The data is more accurate: When you collect the data directly yourself, there’s less room for error. That means your data is more accurate, so you can use it more effectively to power your marketing campaigns.
- It’s easier to collect data: Third-party data is going to get more difficult to collect as privacy regulations continue to take over. First-party data is easier to collect because your audience offers it to you!
- Deliver more tailored marketing experiences: Since your data is more accurate, and you own it, you can leverage it to deliver better marketing campaigns that resonate with your audience.
What’s the difference between first-party, second-party, and third-party data?
Here’s a breakdown of what each one is:
- First-party data: Your collect this from your audience. They provide the information to you.
- Second-party data: Data that another business collected as first-party data. If you own a nail salon, you might get a list of second-party data from a nail polish supplier’s email subscriber list to market your salon to those leads.
- Third-party data: Third-party data is data collected by a third-party that doesn’t directly interact with visitors. It’s typically procured from external data brokers.
Basically, the biggest differences between these types of data is how it’s collected.
What is zero-party data?
Zero-party data is data your customers share intentionally and proactively. Consumers will do this with the understanding that they’ll get a more personalized experience
Say, for example, you have a drop-down form on your website that asks people why they’re visiting. When they select an answer, your website adjusts and provides an experience that aligns with their interests.
Expert insights from
“Third-party data has always been a reliable way for businesses to learn more about their customer base, fine-tune advertising campaigns, and maximize their overall marketing ROI. But as these third-party cookies get phased out, first-party data is more important than ever.”