Article

Why GDPR Is Good for Business

June 19, 2018 · GDPR

Many businesses dreaded GDPR when it arrived — but the reality is that GDPR is good for business in several important ways. Lifestyle Media Group has operated compliantly for many years, and we have seen the benefits first-hand.

Increased Consumer Confidence

Consumers are more cautious than ever about who holds their data and how it is used. Businesses that are transparent about data collection, and that make it straightforward to opt in or opt out, earn a level of trust that is hard to buy.

A clear, consent-based approach signals to prospects that your company respects them. That trust becomes the foundation of a responsive, engaged database — one built on genuine interest rather than grudging compliance.

For context on the risks of cutting corners, see our post on why you should not buy GDPR compliant data. The ICO also publishes clear guidance on what lawful consent looks like in practice.

Better Data Quality

GDPR compels companies to audit their databases thoroughly. For many, it was the first time in years that data had been reviewed, cleansed, and brought up to date.

Data ages quickly. Contacts collected even six months ago can already be invalid. Outdated records inflate your unsubscribe and bounce rates, making your campaigns look worse than they are. GDPR forces the clean-up that good marketing demands.

Once the stale data is removed, what remains is a database of people who are genuinely interested in what you offer. That is a much stronger starting point for any campaign. Learn more about common GDPR pitfalls to avoid.

Better Data Leads to Better Marketing

When your contacts have actively chosen to hear from you, they are more willing to share information about themselves. That data, gathered with proper consent, allows you to personalise your messaging, segment your audience more precisely, and target the right people at the right time.

Customers expect advertising to be relevant to their lives. A permission-based model — where consumers choose when and how they receive communications — is not just a legal obligation. It is the future of effective marketing.

Companies that embrace GDPR gain a competitive edge over those that resist it. Compliant competitors are building cleaner lists and higher conversion rates while others are stagnating on bloated, unresponsive databases.

Make GDPR Work for You

Explore our consumer data services to see how fully consented, opted-in leads can improve your results. Or get in touch — we are happy to explain how our model puts GDPR compliance at its heart.