Estimated reading time:
For most gaming publishers, advertising is a key revenue driver. And keeping users retained and engaged is vital to your success. Today, as new privacy regulations come into force across the globe, there’s a third pillar of equal importance to your business – data safety.
You need to ensure that all the data that you collect and use for advertising purposes is compliant with GDPR, CCPA, and all similar privacy laws. Meaning you must have the informed consent of the consumer. Otherwise, you risk serious legal and financial damage.
However, managing the global complexities of new data privacy laws is daunting. And you worry that ad revenue will suffer when addressing consented users alone.
This blog will show you just how easy it can be to obtain and manage user consent simply, while growing ad revenue and keeping users retained – all with Consent and Preference Management.
Compliance: a global and complex challenge
Rising data privacy regulations have made compliance mandatory. Any data used to drive monetization of your app must comply with regulations such as the General Data Protection Regulation (GDPR) and California Consumer Protection Act (CCPA). And regulations aren’t stopping there. Many regions across the world, including Mexico, Singapore, Japan, and Australia, are also starting to implement new laws of their own.
You suddenly need to collect and manage legitimate consent for every single user, every Ad-Tech partner and must comply with a variety of constantly-changing privacy laws across the globe. As regulations continue to evolve, it can feel like managing compliance has become – unmanageable.
To simplify the complexities of compliance, you require a Consent and Preference Management Platform (CPMP) from a global player, who understands the nuances of each different law intricately and can adapt accordingly.
But how can you ensure such players adhere to the highest standards of compliance, while also enabling you to increase ad revenue, instead of diminishing it?
Consent and Preference Management: optimized for advertising results
As it stands, many CPMPs are missing the mark. In fact, many don’t even meet basic legal requirements – a recent study conducted by MIT, UCL and Aarhus University shows that out of the top 10,000 U.K. websites that use CPMPs to collect consent, only 1 in 10 meet the minimum requirements set by the GDPR.
And those that appear to deliver high opt-in rates in the short-term, are often leaving consumers in the dark, by serving ambiguous consent notices that force users to opt-in. This not only risks non-compliance, but also hinders user experience, gives them a negative impression of your app, and diminishes trust in your brand both short and long term.
Therefore, you need a Consent and Preference Management solution that is specifically optimized for advertising results. One that holds the highest standards of compliance (to avoid legal repercussions and fines), that generates high opt-in rates (to ensure significant volume and reach for ad revenue growth), and that gives users clarity and choice over their data sharing and ad experience (to build trust and confidence in your app, game, and brand).
This level of compliance is what will enable you to increase ad revenue and improve user retention.
Let me show you how.
Compliance attracts premium brand demand
Believe it or not, relying on consented data enables you to attract premium brands to advertise in your games. How? Because brands are only willing to advertise using data that is compliant, and collected with traceable and trusted consent.
Therefore, if you use a Consent and Preference Management solution that ensures you adhere to all privacy laws, and that your advertising inventory is activated with safe data, you can enjoy the top CPM revenue earned from premium brand ads.
This will not only enable you to see immediate revenue increases but will also improve user retention.
Without premium brands to increase ad revenue, you are often left serving ads for other gaming apps. But where competitor ads may appear to pay well in the short-term, they are increasing user churn in the long-term.
If you are able to attract and display premium brand ads, then you no longer have to rely on competitors to drive revenue. You will increase users’ Life-time-Value (LTV) and improve user retention. And in turn, enhance your user’s perception of your app by serving relevant, personalized ads from respected brands.
Ensure compliance, while driving sustainable advertising results
Ensuring compliance with privacy laws while scaling your ad revenue is tough. But it’s possible to do both with a Consent and Preference Management Platform, (CPMP) that’s optimized for advertising results.
Ogury Choice Manager, is an IAB registered CPMP that is specifically designed, built and optimized for advertising results. It’s the only CPMP with over 5 years history in the market, and has been built for publishers who need to ensure data safety (compliance), while growing ad revenue and increasing user retention.
What’s more, Ogury also brings exclusive demand from premium brands to gaming apps, to deliver one of the highest CPMs in the market. It also improves the lifetime value of users, with low user churn rates.
For any gaming publisher looking to drive sustainable advertising results, adopting this kind of approach is a competitive advantage and the key to powerful earning potential.
If you want to learn more about Consent and Preference Management for Digital Advertising, you can download your free copy of our brand new digital book here.
Or why not contact me at: email@example.com