What is remarketing?– Is this something that you’ve been wanting to find out in-depth? Well, we assure you that this is the last blog you need to read to understand remarketing.
Consider this your personal guide to remarketing to know all that you need to know to get started.
What is Remarketing?
Have you ever clicked on an Ad (intentionally or unintentionally) on Instagram or Facebook and noticed the ad following you for a couple of days? That, my friends, is remarketing. Here’s a more definitive answer.
Remarketing is a digital marketing strategy wherein you can re-target your website/social media visitors or engage with your previous customers.
In the former case, it is done to give a push/incentive to the visitors to convert them into customers.
In the latter case, it is done to win customer loyalty and retain customers so as to continue achieving sales from them.
Remarketing channels range from Google, Microsoft & Bing to Facebook, Instagram, Emails, WhatsApps & SMSes. This means you can remarket to them using all the channels mentioned above.
Thus, that is what remarketing stands for. But then, what does retargeting mean? Are both of them the same? No! They’re not.
There has been an ever-lasting debate on what is the difference between remarketing and retargeting. And with all the information that’s been going around on the Internet, we realised how much confusion has been created.
Less than 4% of the digital marketers truly know what they both stand for. So we’ve decided to put a rest to this debate once and for all. Believe us, this is the last time you will be reading the difference between the two and walking with utmost clarity.
Remarketing and Retargeting have been used interchangeably for quite some time now, but here’s the real difference.
This makes remarketing an older and the foundation concept.
This makes retargeting a newer concept with additional facilities.
But the core of each remains the same. Thus, to conclude, retargeting falls under the wide umbrella of remarketing.
So whichever term you decide to use, holds little or no importance. What’s important is to decide who you want to remarket to and which channel you want to use.
Phew! Now that we know what the two mean, let’s now see how remarketing works, its benefits and the tools to use.
How Does Remarketing Work?
Remarketing works by placing cookies on the devices of visitors to your website who meet your criteria (s). Their cookie ID is added to your retargeting audience list.
Once the cookies are placed on a visitor’s website, you can track his/her activities and navigation on your website. This helps you understand the time they spent on certain pages which allows you to analyse what the user is interested in.
Now that you know what your user was interested in, you can show him some adverts around it and offer some special incentive to get him to make a purchase.
Similarly, you can remarket to your existing customers and announce upcoming sales/discounts and push them by giving them a members-only sale. Here, you will be using your existing customer database and segregating them depending on the campaign objective.
Remarketing can be done using tools/services like Google Ads, Facebook Ads, Facebook Pixel, MailChimp, etc which will be covered in the sections below, so make sure to stick till the end.
Lastly, to ensure complete understanding, let’s take a look at an example.
Imagine you run an e-commerce store that sells clothing. One of your hottest selling products is your “wide-legged jeans”. Now, with remarketing you may develop a “Wide-Legged Jeans” audience based on visitors and their behaviour on this product page.
You’ll be able to show these visitors highly targeted display ads that promote your wide-legged jeans. You already know what they’re looking for, so you use a unique offer like free shipping, 10% discount, or buy one get one free to entice them to make a purchase.
And bravo. This is exactly how a remarketing campaign works.
Given below are just a few of the benefits of remarketing which have motivated multiple businesses to use it.
Top 5 Benefits of Remarketing That Make It Supreme
1. Enables Brand Recall
Consumers browse your website for a number of reasons but do not take any action (purchase of a good or service). Perhaps they found a better deal, forgot about your website, were casually browsing your options, or simply wanted to take their time before making a decision.
Whatever the reason, it’s critical that your customers remember you, and the final goal is to always promote call-to-action(CTA).
With the power of remarketing, you can use these tailored adverts to remind individuals about their previous interests – especially if they’re looking for related products. This helps in increasing brand recall.
So even if they don’t make an immediate purchase, they will remember your brand the next time they decide to buy that product/similar products.
It is no secret that all-in-all digital marketing is a very cost-effective method of marketing that shows commendable results. And so is the case with remarketing. The cost for remarketing campaigns is not very pocket-burning and definitely not expensive for the kind of results that have been recorded.
According to CMO, 25 % of viewers like to see retargeted advertising, and website visitors who are retargeted are 43 % more likely to convert. This brings us to our next benefit.
3. Higher ROI
Retargeting customers who have already visited your website and expressed interest in your business will almost certainly save you money because they have a higher intent. When compared to reaching out to a bigger audience that might or might not be interested.
Thus, you will be investing in customers most likely to buy and which in turn will recover your investment and give you higher profits.
4. Improves Ad relevance
The reason for remarketing is that marketers are able to provide ads based on previous actions. Remarketing works so well that according to MotoCMS cart abandonment can be reduced by 6.5% and online sales can be increased by almost 20%.
If customers are more likely to see ads that suit their interests, there are higher chances that they will take action.
5. Specific Targeting Options
One of the major advantages of remarketing ads is to directly target those who are interested in the product or service through different features.
You can create different remarketing lists, according to Google, for instance, those who have added something in a cart but did not check out.
Those are a few of the benefits associated with remarketing.
After being aware of what remarketing is and the amazing benefits it has to offer, hang in there if you want to find out how to do remarketing using various channels.
6 Best Tools To Do Remarketing (Strategies Included)
1. Remarketing Using Google Ads
Google Ads is a popular tool for a wide range of digital marketing strategies and is highly useful for businesses. So, we recommend learning Google Ads end-to-end, especially for remarketing. Here’s an online Google Ads course that can help.
Listed below are some of the features and types of remarketing offered by Google Ads.
- Standard remarketing: Show adverts to previous visitors as they surf websites and apps.
- Dynamic remarketing: Dynamic remarketing, which takes remarketing to the next level by showing ads that feature products or services that customers looked at on your website or app, can help you get better results.
- Custom Marketing: You can add custom preferences like age, gender, etc on all the visitors and then show adverts to only those visitors who fit the custom criteria.
- Remarketing lists for search ads: Show adverts to previous visitors as they conduct follow-up Google searches for what they require after leaving your site.
- Video remarketing: As consumers use YouTube and browse the Display Network videos, websites, and applications, show adverts to those who have interacted with your videos or YouTube channel.
- Customer list remarketing: You can submit lists of contact information that your clients have provided you with using Customer Match. You can also show them adverts across multiple Google products if they are signed into Google.
In our opinion, you must go for custom remarketing as the number of visitors on your product pages can be large but not all of them may be interested or fall in your target audience.
2. Remarketing Using Google Analytics
Ideally, Google Analytics is an analytical tool but you can use it for remarketing with its option of building audiences. All you need to do is link your Google Ads account with your Google Analytics account which enables you to combine the data and conduct remarketing.
All of this may sound technical and this calls for a detailed understanding of both tools. Once you’re aware of how they both work, it gets much easier to work with them. Consider registering for these Online Google Analytics Course and Online Google Ads Course. These courses teach the tools right from scratch to the advanced settings.
3. Remarketing Using Facebook Pixel
It is targeting a person more than once on Facebook and Instagram. Remarketing is possible with the use of Facebook Pixel code.
So what exactly is pixel code?
Facebook pixel is a piece of code that you can place on your website to report conversions, build audiences and get rich insights into how people are using your website – Facebook
To put it simply, you can follow your visitors till they come back to your site.
The pixel keeps track of different actions users perform on your website, such as purchasing something or adding something to their wishlist. These actions are referred to as “events” on Facebook.\
And, when combined with pixel code, Facebook advertising offers a wealth of features. It’s never been easier to remarket.
You May Be Interested To Read: How to find the right Target Audience on Facebook?
To discover more about the many capabilities available with Facebook advertisements, register for this online Facebook & Instagram ads course.
4. Remarketing Using Emails
The base principle of remarketing remains the same here as well. Once you have assessed the behaviour of the users on your websites, you can now remarket to them via emails.
This accounts for the best form of personalized remarketing. Say you have noticed 3 prominent behaviours on your website, one part of the audience spent time on your product ‘X’, the second part spent their time on product “Y” and the third part of the audience left an item(s) in the shopping cart and left.
Now you can run 3 email remarketing campaigns targeting each part of the audience separately and offering them incentives according to their behaviour. More incentives can be given to the third part of the audience who almost made a purchase.
Within these 3 campaigns, each email sent can be highly personalized and customized to make the customer feel that the offer and communication being made is especially for them.
But this form of remarketing can be done only if you have the email ID’s of all the visitors to your website and thus, a lead generation tactic on your website is very important. Learn how to conduct lead generation and the tools for it with our Lead Generation Guide.
A popular email marketing tool is MailChimp. Start building power email lists and conduct remarketing by first learning it with this Online Email Marketing Course.
5. Remarketing Using WhatsApp
You can also use WhatsApp as a channel to remarket to your visitors. Just like emails, you will need their phone numbers to do so.
You can broadcast messages to a particular remarketing list and get your message out there. This is greatly advantageous as people of all ages are well-versed with Whatsapp and use it on a daily basis.
So the chances of reading your messages are the highest. And with the WhatsApp business account feature, you will be able to make formal communication with them on a messenger used for private conversations.
Learn how to set up your WhatsApp business account and the number of opportunities it offers with this WhatsApp Marketing Guide.
6. Remarketing Using SMS
SMS marketing has the highest conversion rate when compared to display ads and email marketing. Thus, all you need to do is collect phone numbers from your visitors in exchange for a freebie or any other incentive.
Some popular SMS marketing tools are:
- EZ Texting
These were the 6 best channels to conduct remarketing along with the tools for each. Remarketing is a slightly complex technique but once mastered, it will help you achieve commendable results.
Although, remarketing is not the only great invention of digital marketing. There are various other digital marketing concepts and techniques that have helped businesses grow and expand.
You can find out more about how companies leveraged digital marketing strategies and did wonders with these case studies.
Especially since the covid-19 pandemic, many businesses re-established themselves with the help of digitalization.
How Can You Up Your Game Along with Remarketing?
We highly recommend you to learn digital marketing skills in detail to upskill yourself and keep up with industry standards demand.
IIDE’s 11-month Digital Marketing MBA is a good choice for all those who want to learn from industry experts & leaders alongside some great learners with hands-on practical learning.
Even business owners of top companies like Abbot, Mahindra & Mahindra, Cipla, etc have started upskilling their employees in digital marketing to keep them updated & relevant with today’s customers’ demands and needs.
So if you’re a business owner too, connect with us today to learn about our digital marketing corporate training to find out how we can help you upskill and digitize your employees with tailor-made solutions.
Remarketing is a vast pool and you have to get started somewhere. We hope this blog has been that kick-start you needed. If you have any questions, feel free to let us know in the comments section below.