09/16/2022

Maximize Your Marketing Strategy With Remarketing And Retargeting

Insights

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It would be great if the business could be that simple. Customers would just walk in and buy your products, and money would start to flow in.

It’s not true. The digital market is becoming more competitive with most businesses moving online. Bluecorona.com reports that 20% of small businesses fail within the first year and 70% fail in the tenth. They are also all competing for the same customers.

What’s your solution?

It doesn’t work if you keep using the same strategy a thousand times.

Online business owners and digital marketers need to develop and implement effective marketing strategies. Even though they try to attract as many customers as possible, it is impossible to achieve a 100% retention rate or conversion rate.

It has always been about reaching your target audience. You’ve already spent a lot of money on your marketing strategy, including SEO, content creation, and social media campaigns. Not to mention the effort and time you put into getting people to visit your site.

The numbers aren’t very impressive

According to thrivehive.com 98% of people who visit your site for the first time bounce off. How can you convert the traffic you have generated to your website into sales?

There are many ways to get them back. You must devise a foolproof strategy to reclaim the attention of that 98% who left empty-handed.

Retargeting and remarketing allow brands to connect with those who have previously used a website or mobile application. Retargeting and remarketing are two ways to increase the value of initial visits and convert visitors.

Even though they may believe they are knowledgeable about the criteria, many businesses succumb to the temptation of repeating the same thing over and over again expecting different results. It is worth looking into the services of digital marketing agencies in new york with experience.

Look through all the options to find the best digital agency for Google Ads. We work with a dedicated team that strives to increase your business’ growth and align your retargeting/remarketing needs.

What is remarketing?

It may seem like you are starting over, but it isn’t. These practices are not designed to target first-time visitors. Instead, they aim to attract people who have previously visited or interacted digitally with a brand.

Businesses can reach customers who are more likely to convert to sales or to complete desired actions, such as downloading, enrolling, subscribing, and so on. It also aims to enhance existing marketing strategies.

Retargeting vs. Marketing: What is the difference?

Every business wants to get bounced traffic. Reaching out to them can be made easier by retargeting and remarketing. They are more likely than others to visit your site again, and they’ve already converted before.

Although both terms are frequently used interchangeably, they are different. Remarketing and retargeting does not necessarily mean the same thing. Both practices have one goal: to convert previous visitors.

Before we can continue the discussion, it is important to define each term.

  • Remarketing lets you reach the audience who has visited your site through email campaigns.
  • Retargeting allows you to reach an audience who has visited your website or expressed interest in similar products via paid advertising.

Both strategies are important and valuable because they target people who already know a brand. The consumers are already interested in the brand and similar products. These practices are more profitable than other marketing strategies and result in a greater ROI.

What is a remarketing strategy?

Email, website, and social media are three of the most important marketing tools small businesses currently use.

Bluecorona.com reports that 54% of users use email and 51% have websites. 48% use social networks.

This shows that email is just as effective as a marketing channel. According to “Moz”, an SEO specialist, email remarketing conversions can reach as high as 40% if they are targeted at just the right people at the right time.

Here are some examples of emails that can be used as part of a remarketing campaign:

  • Through newsletters

Subscribed customers receive regular informational content via newsletters. The automated campaigns often include promotional offers. These emails can be personalized with special offers such as a unique proposition or a letter from CEO, or discounts for loyal subscribers. Usually, the recipient agrees to complete a transaction.

Personalizing emails to the target audience helps you connect with your customers and boost the remarketing campaign.

  • Reminders

Everybody has abandoned a shopping basket at least once. These shoppers are often targeted by automated emails, which remind them politely of the items they have forgotten. Sometimes, the smallest nudge is all that’s needed to close a transaction.

How do you use retargeting to your business’s advantage?

Retargeting is the process of strategically placing ads on people’s web pages. This technology is used to target users who have left a website and then converted using cookie-based technology.

According to eMarketer, 3 out 5 people see and consider ads that advertise products they viewed on another site. Retargeting campaigns perform ten times better than regular banners. Blog.spiralytics.com reported that website visitors who have been retargeted using display ads are 70% more likely to convert.

Cookies are text files that store information about a user’s browsing habits on a website. Cookies are often necessary to ensure that websites function properly. They can be used for many purposes, including remembering user preferences and storing the contents of an online shopping cart.

Pixels, on the other hand, are small piece of code that allows third parties to track user behavior. When visitors do not take the required action (e.g., register for a course or buy a product), a retargeting pixel follows them and sends them ads.

Pixels can help transform digital ad campaigns, optimize websites, and increase conversions.

How productive is your strategy?

An ad campaign’s effectiveness can be evaluated using a variety of KPIs. CTR, CPC, and CPA are all important KPIs. It’s normal for website owners to be concerned when comparing conversion rates with other companies in the same industry.

Google Adwords is an ad platform that allows business owners to monitor and analyze the performance of paid advertisements. These ad campaigns will help you determine whether:

  • Reaching the right audience is key
  • Each ad is allocated an appropriate amount of ad spending

Websites that advertise on search engines like Google and Bing or social media marketing platforms such as Facebook, Twitter, and Instagram embed tracking codes into their code. Site managers can monitor the metrics and improve their performance, especially when they promote events.

Analytics tools can also place third-party cookies in the browser of users. This allows you to create a profile for each visitor based on their search history. These vast databases make retargeting campaigns more efficient.

What platforms are available to you for this strategy?

There are many retargeting platforms available. Some of the most well-known platforms are:

1. Google Adwords

Google remarketing is easy thanks to the many options it offers. The tracking process can be made easier by adding a pixel on your website. Every time a user visits your website, they will be added to the remarketing list.

The pixel code can also be customized to fit different pages and add specific categories. To increase the effectiveness of marketing, you can select specific customers to target with display ads. The platform’s best feature is its ability to combine dynamic and static retargeting campaigns with an Ad gallery. It is a cheap and easy way to create text, image, and video ads.

Here are some ways you can implement Adwords Remarketing:

  • Remarketing standard
  • Dynamic remarketing
  • Customer list remarketing
  • Video remarketing

2. Facebook Ads

This social media giant is a great trendsetter in the retargeting field. Additionally, this platform allows you to apply options to Facebook Messenger, Instagram, and Instagram. Its greatest advantage is its large, active user base of over 1 billion.

Facebook Ads can be extended to include Customer Audiences. It works by adding pixels to websites. This allows business owners to create their audience.

Instagram’s 300 million users make it a powerful tool, just like Facebook remarketing. As Instagram grows in popularity, so will its retargeting strategy.

3. Twitter Ads

A brand can track cookie IDs by installing a Twitter Pixel onto its website. Marketers can target their remarketing campaigns by using Twitter’s Tailored Audiences. These are just a few of the many techniques available:

  • Lists – Uses email addresses or usernames on Twitter
  • Web – Targets people who use Twitter’s tag on a website
  • Mobile apps – Use data from mobile apps

Other remarketing/retargeting platforms can be beneficial for your business. Mobile retargeting is an important aspect of any business. Marketers are increasingly looking for effective retargeting strategies that include mobile devices and digital technology, as they have become integral parts of our daily lives.

To rekindle user interest, you can target ads that were displayed to a person who was browsing a product recently. It is important to allocate a budget for retargeting. Chango reports that 68% of marketing agencies in Miami, and 49% of brands already do this.

What are the advantages?

Applift.com’s numbers will blow your mind. Retargeting generates 3x more sessions per dollar and drives 48% CTRs.

Surprisingly, 173% of retargeted dormant customers are more likely to make a purchase again. These benefits can be realized if you keep your campaigns dynamic and fresh. You need to identify which ads are performing well and which are not. The best way to do that is through A/B testing.

The key elements to success are a tailored digital business strategy and an intelligent online advertising strategy. Take, for example, Nespresso’s global campaign run by Elespacio. It’s not the first instance of brands using digital agencies in Los Angeles as vital foundations for their success.

Here are a few benefits to remarketing and/or retargeting.

  • Prospective clients are reminded about their desire to buy, which encourages them to return to your site.
  • Business is more profitable when it follows up with newly discovered visitors using highly targeted ads. These techniques have lower costs than acquiring new users.
  • All users benefit from the marketing campaign. Positively influencing KPIs such as retention, monetization, and virality is possible.
  • It is a great way to increase brand awareness, drive sales activity and increase registrations.
  • You should put your efforts (time, money, and effort) into people who have shown interest in your brand. This will ensure that your ads are more on-target and have higher chances of increasing ROI.
  • Businesses now have more options to modify, filter, and personalize their performance to target specific visitors and their behavior.
  • Search engines make it easy for customers to find businesses quickly. Customers are more likely to see the brand’s ads.
  • Remarketing lists allow you to focus your advertising efforts on specific customer groups. Remarketing lists can also help you reach more customers by allowing them to browse your mobile site or app on their smartphones.
  • All statistics will be at your disposal. Regular reports will give you all the statistics that you need to know about how campaigns are performing, which ads are being displayed and how much they cost.

Final thoughts

Retargeting and remarketing are powerful tools for branding and conversion optimization. These tools work best when they are part of a larger Las Vegas digital marketing agency strategy. Content marketing, AdWords, and targeted displays are all great ways to drive traffic to your site. They won’t convert.

Retargeting and remarketing are great for conversion optimization but they won’t drive people toward your site. Your best option is to use a combination of strategies to reach customers, especially those who have deviated from the sales funnel. This not only increases brand awareness but also reminds your target audience to buy.

More importantly, the right retargeting and remarketing partner can help you implement an effective strategy based on campaign KPIs. When done well, it can become an elemental step in the consumer journey, delivering easy access to valuable products, services, or information. It’s time to get in touch with those non-converting visitors today.

About the author

Kobe Digital is a unified team of performance marketing, design, and video production experts. Our mastery of these disciplines is what makes us effective. Our ability to integrate them seamlessly is what makes us unique.