Did you know that over 95% of users leave websites without converting? Ninety-five percent?! It’s hard enough getting customers just to visit your web site, so using creative tactics to keep visitors engaged is important, and that’s where remarketing comes in.
What is remarketing?
Remarketing, also known as retargeting, helps businesses like yours advertise to people who have shown interest in your brand or website, but left without converting. A conversion can range from making a purchase, to inquiring about more information, or taking some other desired action. Remarketing allows you to keep your brand in front of your online visitors after they’ve left your website.
Why remarket?
Because most website visitors leave without making a purchase, your business could be losing potential sales. There may be several reasons why a visitor doesn't complete a purchase, which is why remarketing can be an affordable and effective way to reengage potential customers. Remarketing allows you to target specific visitors who've already shown interest in your brand, increasing its effectiveness by saving advertising costs and increasing your Return on Investment (ROI).
How does it work?
By simply adding a bit of code to your
website or URLs, remarketing “tags” can be placed on your online visitors
with a “cookie” or a pixel. Visitors will then be served with relevant banners, text, or
video ads (that you create/provide) as they browse the internet. Here's one of our own banner ads:
For example, a customer visits your online store, browses your listings, places an item in their shopping cart, but never actually checks out. As that visitor browses the Internet, he/she will see ads that remind them to go back and complete said purchase. Their interest is recaptured and they return back to your site to complete your desired action. Effective remarketing ads can be a great opportunity to promote a sale, upsell new products, and cross-sell existing products.
What type of remarketing is right for my business?
Whether you're working with a remarketing company or utilizing self-service remarketing tools, there are many paths you can take. Here are a few examples of different types of remarketing:
Site Remarketing – The most popular form of remarketing, like the example above, is a great way to stay top of mind with customers after they’ve left your site.
Search Remarketing - When using search remarketing, you're targeting users on search engines who have searched keywords or phrases relevant to your business offerings. Keep in mind, user queries don’t always mean intent to purchase.
Social Media Remarketing – Similar to site remarketing, you can place a pixel on shared links on social networks, like Facebook, and serve relevant ads.
Email Remarketing – If your business is using email marketing, email remarketing can be a great complimentary addition. Customers who have high engagement with your emails have the potential to be great customers with the right motivation.
Why choose remarketing?
1. Stay Top of Mind – You'll stay in front of your audience after they’ve already left your site.
2. Higher ROI – Remarketing lets you reach qualified customers who’ve already shown interest in your brand, product, or website at a much lower price than traditional reach campaigns.
3. Retain Visitors – You drive users through your sales process with different CTA’s (calls to action) at different stages of your funnel.
4. Better Performance – When used properly, remarketing generally has better clickthrough and conversion rates than traditional reach ads because of its unique ability to segment users based on the specific actions they’ve taken on your website.
There are many other types of remarketing tactics that can be used. SEOMOz has a great detailed introductory blog post while Business2Community and SearchEngineWatch break down a variety of other remarketing tactics. With the holiday season ramping up, it's a great time to get started with remarketing.
Posted by Barney Garcia
Barney Garcia is an SEM Analyst for VerticalResponse.
Echos from Dreamforce: How Social, Leadership & SMBs Will Drive our Economy
A few weeks ago, a little event took place in San Francisco that you may have heard of called Dreamforce, thrown by a little boutique CRM company by the name of Salesforce. Tongue in cheek aside, VerticalResponse team members were on deck for this year's annual SaaS (Software-as-a-Service) event. In addition to the usual schmooz... er, networking, I personally got the chance to attend informative and instructive keynotes, featuring some of the brightest minds in our industry. The keynote that left the most lasting impression, however, would be the conversation between Gen. Colin Powell, former Secretary of State (2000-2004); Jeff Immelt, Chairman and CEO of General Electric (GE); and keynote moderator, Salesforce's CEO, Marc Benioff. Regardless of your political views or the size of your business, there were great nuggets of information distilled by these three heavyweights. Here are some of the fascinating insights:
Social: The Best Thing to Happen to the Internet since... the Internet?
Let's sit back for a second and consider: ever since the army flipped the switch on the world wide web back in the '70s ("I am proud to say that it was the U.S. Armed Forces that developed the Internet," beamed Gen. Powell, "We gotta get a little credit for that."), has anything revolutionized the way we connect with other people until the likes of Facebook or Twitter?
For Jeff Immelt, the biggest challenges he's currently facing at GE are fighting size and bureaucracy, but social media gives him direct access to customers and employees, allowing him to conquer barriers that previously existed. For instance, using Salesforce Chatter, Immelt can now chime in on sales issues whenever he sees fit. In addition, for the past two years he has maintained his own corporate blog, in which he speaks frankly to employees, bypassing GE’s general counsel review before posting. "Today organizations move too slowly," he said. "By using technology, I think you can move faster. You get more transparency. You get more access."
Colin Powell has also wholeheartedly embraced the use of social media, posting regularly on Facebook and interacting with his 68,000+ followers (at time of writing). Based on the skill sets younger generations bring into either the military or the State Department, Powell believes social networks have allowed us to speed up the way we work.
"We're moving so fast that we have to respond to every bit of data that comes in," which has to be acted on immediately. "You better keep up with them," he advised, "they're not going to keep up with you."
But even though we want to be literate in our use of new technologies, Powell cautioned that we need to be very protective of them as well. "There are dangers with this revolution, where we are so interconnected that perhaps we are too interconnected [...] You have to have channels in place to distribute the information in a safe and secure way, but make sure it is usable without overwhelming the whole system."
Leading Through Inspiration, Not Motivation
Both interviewees displayed an understanding of social media's strategic significance, as well as its tactical power, and agreed that leaders around the world have a critical part to play in this digital revolution. The challenge that faces any leader, from political leaders in the Middle East to corporate CEOs, is the understanding and integration of social media into pretty much everything. "I think any leader has to have his or her finger on the pulse of what’s happening in the information revolution, the pulse of international economic system," said Powell.
However, even as technology takes on an ever growing presence in companies, leaders need to ensure their employees remain the heart of the organization. As the General stated, "The best leaders understand that human beings are more important than the information system or the tools and robotic systems - they are the most important part of any organization." Powell went on to elaborate on his own leadership philosophy, stating, "I no longer use the word motivate,' I say 'inspire.' [...] The most important thing is to create organizations that are high-performing that believe in themselves." Self-motivated people can always be expected to perform at an extremely high level. On the flip side, leaders who don't provide such inspiration and who fail to foster self-motivation among their employees can pay a steep price: "They'll undercut you every day, and you'll turn your head and it will fall off," he quipped.
Immelt concurred, listing three core qualities he believes every leader should possess: "Openness - There is no going back in this information age, you have to be willing to share more and you better just deal with it. Authenticity - People don’t want to work for a phony. They want to be mission-based, they want to believe in what they are doing, believe in a leader. Unity - People want to be on teams, it's always been that way."
Small-to-Mid-Sized Businesses, the Key to Revitalizing Today's Economy?
Finally, the speakers shared their thoughts on the global economic climate, with both men reiterating the importance of creating new jobs. Essentially, they agreed these new jobs come from encouraging fast-growing companies and entrepreneurs. "Government does not create jobs," said Immelt. "What you want is for government to create the structure on which entrepreneurs can create jobs." In order to get there, it's important to train people for the roles that are being sought after by companies, taking advantage of the great colleges and universities at our disposal; simplify today's economic regulations; and set a new tone, explicitly tell people it's good to invest in start-ups and small businesses. Citing the Silicon Valley mentality as an example, "Don't worry about the money, just build stuff and go beat your competitors." He concluded, "This situation is imminently solvable."
The former Secretary was optimistic as well, believing that the cynicism reigning in political circles wasn't necessarily reflected in other parts of the country. Powell reaffirmed that we should be looking forward, not backward, and that education and encouraging entrepreneurship would be playing essential roles in the years to come: "The jobs that are gone are not necessarily going to come back. We have to create new jobs and go up in the ladder of sophistication. We better start educating our kids for the jobs that are really going to be here in the United States." He also looped back to how everything is connected, that companies need to realize we are now living in "an international economy," which makes the need to fully understand the international economic system all the more vital.
So there you have it - The opinions of some of the most powerful and influential men on the planet on how to handle today's ever-evolving technology landscape, and how to give a still recovering economy a much-needed shot in the arm. What does this mean to you as a small-business owner? Well, quite a few things:
Do you agree, disagree, or are you indifferent to any of the above statements and viewpoints? Share away in the comments!
Additional quotes courtesy of the Salesforce Blog.
Posted by My Truong
My Truong is the Marketing Programs Manager at VerticalResponse. Connect with him on Twitter @PtitMy.