25 Nov The Importance of Retargeting Campaigns
You run a great business that offers a great product or service. Even better, you receive tons of traffic on your website, which means that your brand is getting noticed. This sounds like a great scenario that should lead to success for your business. But there’s one huge problem: site visits don’t always equal conversions.
There are a variety of reasons why site visits do not always equal conversions. For example, site visitors may only be in the research phase of purchasing a product or they may not be ready to make that final step towards making a purchase. In fact, first-time site visitors only convert 2% of the time (AdRoll). This means that if you are not actively taking steps to make sure that your customers remember you and come back to your site, then you are missing out on a ton of business.
To get consumers to come back to your website, you must take a step that is often forgotten by businesses. Be sure to include retargeting campaigns in your digital marketing plan.
What is Retargeting?
Retargeting campaigns are designed to increase brand awareness and conversions by reaching consumers who have previously shown a direct interest in purchasing your product. Direct interest is the key phrase, as it means that the consumer has had a prior engagement with either your website or with keywords related to your business (via a search engine or a local directory), which means they are more likely to make a purchase.
For example, a lawn mower shop will have two retargeting audiences. The first audience has visited their site in the recent past, whereas the second audience has searched a keyword related to their business on a search engine. Both audiences have shown a direct interest in lawn mowers and lawn mower repair services and are great targets for a retargeting campaign. However, since the second audience is the one actively searching information related to your business or service, they are the ones more likely to convert. Therefore, it’s important to implement a retargeting campaign that will bring them to your site for their purchase.
But we shouldn’t count the first audience out of a retargeting campaign either. Like we said before, first-time visitors only convert 2% of the time. So instead of having these consumers leave your site and forget to come back, a retargeting campaign will put an ad in front of them that not only actively reminds them about your business, but also increases brand awareness. With a retargeting campaign, the likelihood that consumers will return to your site and make a purchase is increased by almost 70% (Software Advice). This means that retargeting is not only a crucial step in getting your brand noticed online, but in getting sales.
The Importance of Retargeting in Your Business’ Digital Marketing Campaign
Choosing retargeting as part of your business’ digital campaign is essential in driving those first-time visitors back to your site. In fact, retargeting brings back 1 in 4 consumers to complete a purchase. Retargeting ads also have a click-through rate (CTR) of 0.7%, which is 10x higher than a regular display ad (Wishpond). Retargeting also increases brand awareness by keeping your business’s name in front of consumers. Additionally, retargeting brings the secondary audience (those who searched keywords related to your business) to your site. This not only brings more site visitors, but increases the likelihood of a conversion.
How Much do Retargeting Campaigns Cost?
The cost of retargeting varies based on several factors, such as how much of your audience you want to reach and what form of retargeting you want to utilize. Media Venue offers a variety of retargeting options and can provide you a quote based upon your business goals.
Are Retargeting and Remarketing the Same?
Both revolve around the same concept, but they each work in different ways. Retargeting shows an ad to a consumer who has visited the website or searched a related keyword in the past. In contrast, remarketing sends an email to past customers.
For example, you’ve most likely been online shopping before and placed items in your cart without checking out. A few days later, you probably received a reminder email about those items in your cart and may have been offered a coupon code for purchasing. This is just one example of remarketing.
Can I Retarget on Social Media as well?
Yes. Media Venue places your retargeted ad on an extensive network of thousands of websites, which includes social media. No matter which site consumers visit, there is the possibility that your retargeted ad will be shown to them.
Is Retargeting just for Big Businesses?
No. Retargeting is great for businesses of all sizes. It not only brings consumers back to your website, but it also increases brand awareness.
Is Retargeting more Effective than a Regular Display Ad or a Marketing Email?
Yes, retargeting is much more effective than a regular display ad or marketing email. Besides the fact that retargeting leads to a higher click-through rate and brings 25% of customers back to a business’s website (Wishpond), more than 90% of marketers found that retargeting worked better than or equal to a display ad, a marketing email, or a search ad (IAB).
How Media Venue can help Implement your Retargeting Campaigns
With Media Venue’s 100 years of combined experience, we’re sure to make your retargeting campaigns successful. After discussing the goals of your retargeting campaign, we will create a variety of ads with your targeted message. We will then place these ads throughout our extensive network of thousands of websites. These ads will follow your retargeted consumers up to 10 times for up to 60 days. This will greatly increase brand awareness and the likelihood that they will return to your site. Not only will Media Venue create these ads, we will provide you a dashboard so you can track results too.
To learn more about the importance of including retargeting in your business’ digital marketing campaign and how to get started, contact Cassie Rogers (email@example.com or 502.855.4784). Be sure to also check out the Media Venue website to learn more about our digital marketing and traditional marketing services and how we can grow your audience by visiting our website at mediavenue.com. Enhance your marketing investment with Media Venue!