A few years ago I created an online business for serious cyclists and runners. Targeted Facebook ads enabled me to find customers for a few pennies each - I don't think I could have found customers any other way (apart from the trying to get 'free' ads via blogs/news/viral tweets etc). Targeted ads are the only way that small, new, local, or just poor companies can do advertising. It's a bit scary seeing what sites s…
You don’t need targeted advertising to achieve that. You don’t need FB, Google, and a thousand other lesser-known companies tracking every step you make in order to know that you might be interested in cycling. Instead you, as a small advertiser, would target the right context and would only show your ads in articles specifically-dedicated to cycling or whatever other niche you are after.
Targeted ads are a response to the poor results from site/content specific ads