What is Retargeting?
Retargeting, also known as remarketing, is a form of online advertising that can help keep your brand in front of visitors who have previously engaged with your company, website, blog or e-mail messages, and have demonstrated interest but haven’t converted to a sale. Retargeting ads serve as a reminder for engaged prospects, increasing brand awareness and opportunities for conversion. Recognized as a powerful, cost-effective conversion tool, Google Ads, LinkedIn, Facebook and Retargeting.com all offer retargeting ad platforms and services.
According to Google Think Insights, on average, business buyers do not contact suppliers directly until 57 percent of the purchase research process is complete. Potential customers are researching a number of companies, forming opinions, learning technical specifications, building requirements lists, and narrowing down their options, all on their own, with minimal influence from you. Gleanster claims that 50% of prospects are not ready to buy and furthermore, ReTargeter.com declares that only 2% of web visitors convert to a sale or a call to action on the first visit.
Retargeting ads increase your brand’s profile and serve as a helpful reminder for the 98% of previously engaged prospects to revisit your site and evaluate available offers. Since these customers have completed their own research to make an informed purchase, a well-timed retarget increases the chance they will buy from you when they are ready.
How Does Retargeting Work?
Some Best Practices:
Retargeting can perform poorly, wasting marketing dollars if not well executed.
1. Define your goals. Is your goal to raise brand awareness? To increase sales? Increase calls to action? Ad campaigns must reflect your goals and be relevant to the prospect.
2. Don’t overwhelm prospects. ReTargeter typically recommends 17-20 ads per user per month. More ads can be annoying and perceived negatively by prospects.
3. Target for relevancy. Retargeted ads can be targeted based on demographic information, keywords, relevant subject matter based on prospect engagement activity and geographic parameters. If the display ad is an offer, makes sure the code untags prospects who made a purchase.
4. Use a single retargeting provider. Multiple providers each bid for the same ad spots on the same websites, driving up media costs and decreasing the chances each has to serve your display ads.
Looking for more help to make marketing work in your B2B company? Get proven tips in PROFITGUIDE’s Special Report on The Radical Sales Shift.
Image courtesy of FrameAngel / FreeDigitalPhotos.net