Tuesday 2 December 2014

Retargeting!! Reinvent the wheel...Generating returns from the existing customers

Retargeting, which stands for the marketing practise, in which, the customers, who visited your web page, particularly clicked on the link, closed the sale & leave the page, are traced back and are being targeted with new campaigns, in the very same league of the products bought by him or her. The retargeting would be done in the very league, of the same nature of the earlier deal closed. With the advent of the Digital marketing, CPA, CPC! Retargeting has become an essential for any marketer...Reinventing the wheel, stands essential for any entrepreneur. It is also termed as Remarketing, is a particular form of online advertising, which can help you keep your brand at par, ahead of the bounced traffic after they leave your website.

For most websites, only 2% of web traffic converts on the first visit. Retargeting is a tool designed to help companies reach the 98% of users who don’t convert right away. The process of the Retargeting includes, tracing back the clients anonymously on the website via the cookie method. Precisely, it’s a cookie based technology that uses a JavaScript code, to track the visitor unanimously on the web. Sustaining and maintaining the existing clients had been a challenge for the marketers, in the era of Mobile data explosion. There is a huge traffic, which drives in, but only few percentages of which closes the deal online. 

So what stops an exhibitor to tap on its existing clients? This very marketing practise, Retargeting is so effective because it focuses your advertising spend on people who are already familiar with your brand and have recently demonstrated interest. That’s why most marketers who use it see a higher ROI than from most other digital channels. One of the proven powerful branding and conversion optimization tools works best when it’s a part of a large digital strategy. It works best in juxtaposition with inbound and outbound marketing or demand generation. Strategies comprising content marketing, Ad Words, and targeted display are great for motivating traffic, on the contrary, are not much help with conversion optimization.

In the contrast, retargeting can really help encourage the conversions; it suffers a drawback that it can’t drive people to a merchant’s site. The proven best chance of success is using one or more tools to drive traffic and retargeting to get the most out of that traffic. For a successful retargeting campaign, a proper strategy & a framework is required to be at place. The key essentials for a retargeting strategy to work includes: Capitalising on the frequency: When your advertisement gets to the over the top situation, where too much display of the ad, dilutes its impact, then one need to work on the frequency cap. Too much exposure doesn’t always mean that the prospect want to close the deal. Over display has always resulted in the dilution of the chances of the prospect to buy the product & hence decrease the campaign’s effectiveness. Therefore, the concept of controlling the frequency of the article to display on the portal needs to be controlled.

Burn code, is another important part of the campaigns for the retargeting, which importance lies in its beauty of not to let the client who already closed the deal online to be nagged with repeated campaigns. It very effectively, debars the client who closed the deal from getting further updates. Other important elements of the Retargeting lies in the Audience Segmentation which allows the merchant to let ad messages to be tailored to users in different stages of the purchase funnel. The process of retargeting is simple yet efficient as it  place different retargeting pixels on different pages of the merchant’s  site, and then it  tailors the  creative  based on the depth of engagement of each user. Retargeting has always been beneficial to the exhibitors. But there have always been certain dos and don’ts for Retargeting as well, like any other strategy. Too much exposure or repetition can any time break the brand’s image that a marketer needs to be cautious of.

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