Are you frustrated by bounced traffic and lost leads? Are you looking at a 95% bounce rate and wondering if there’s another option?
Well there is. And it’s called retargeting.
Modern marketing technologies allow us to track our ROI like never before. While this is often a huge boon for our business - showing us exactly where we can improve our marketing efforts - for competitive types like me, it can also be a depressing exercise.
Nobody likes to watch their landing page traffic enter and exit without engaging, and many analytics tools allow us to literally, in real time, watch that happening. It can get a person down.
This article will get into the fundamentals of retargeting - what it is, how it works, and how you can implement it as part of your own marketing strategy.
Introduction to Remarketing on the Google Display Network
I’d guess that around 90% of your website traffic visits and bounces without engaging. A landing page that converts at 20% is a huge success in this business, and I’ve written many articles (and a comprehensive ebook) on how to increase your conversion rates by even 5%.
Retargeting is how your business can ensure that you’re doing everything possible to hold onto those possible customers. It ensures you’re doing everything to re-engage those people who are interested in your business - but for whatever reason decide that today’s not the day they’re going to convert.
How it works:
Retargeting on the Google Display Network is available through a number of excellent 3rd party software providers around the web. These providers give you and your business a pixel…
You place this pixel (it’s a snippet of coding, also called a tag) within your website’s code
Any time an internet user finds their way to your website (from an ad, a Google search, your social media profile, etc) but then bounces before converting, they’ll trigger the tag you placed
That tag latches onto their browser as a ‘cookie’ (imagine it like a piece of gum they’ve stepped on)
Your retargeting software can then ‘see’ them as they move around the web
Over a million sites on the internet are part of Google’s Display Network. When your bounced traffic heads over to one of these sites your business’ ad will appear (and only for that individual)
Here’s a simple graphic that shows what I’m talking about:
Your site traffic enters at the top of your sales funnel
For whatever reason, that traffic decides to jump out the side of your funnel
Without a retargeting strategy you lose that traffic, maybe forever
With retargeting and the Google Display Network however, that traffic doesn’t get too far before being retargeted
Your lost lead is recaptured and brought back into their own sales funnel
With the Google Display Network, you know you’re doing everything you can to ensure your escaped leads haven’t disappeared permanently.
The Best Parts:
Retargeting with the Google Display Network allows your brand to, essentially, walk beside your bounced traffic as they travel the internet. But more than that, it allows you to target them specifically as individuals with content created for them (resulting in many times the click-through-rate of traditional online ads).
Here’s what you get:
Segmented Audiences: Retargeting from specific pages of your site allows you to segment your leads (hugely impacting on the click-through-rates of the ads those leads see). For instance, if you capture leads who have bounced from a specific product page, an advertisement featuring that exact product will have way better success than a standard ad promoting your business as a whole.
Being where your audience is: With a community of over a million sites, there’s no doubt that your leads will travel to sites within the Google Display Network. This means that you can reach your leads a couple times a day from different angles. And, with most software providers, you can keep showing your ads until that lead converts on their interest.
Efficient and easy-to-use: Not all retargeting providers will be straightforward (after all, there’s a lot more to retargeting than this article makes out!). But some can make it a two-step process: choose your ad image (with your message within the image) and choose where you want that ad to drive traffic. Boom!
Putting Retargeting to Work for Your Business
Retargeted Ads don’t look like your normal ads, instead, they’re designed based on the landing page they traffic to as well as the specific place in your website their viewers have bounced from.
Here are my recommendations for how to implement retargeting for B2B and B2C businesses:
Retargeting for B2B companies with the Display Ad Network:
The most important part of retargeting B2B website traffic is knowing why that traffic bounced.
For instance, if your site traffic bounces from your price page, you can be reasonably sure that they bounced because your price-points were over their budget, or that they are interested enough to see what your costs are - they may just need a strong nudge to make them into your customer.
If they bounced from your homepage or landing (before making it to your price page) you can be reasonably sure that they bounced because you didn’t communicate enough value or some miscellaneous reason you can’t control.
Here’s what I recommend:
Create two ads, one directed at website traffic who bounced from your price page and one directed at website traffic who bounced from your main landing page
For the price-page retargeted ad, promote a free trial or limited-time discount (the nudge)
For the main landing page retargeted ad, promote a one-on-one demo of your tools or access to a case study or white-paper (with impressive statistic within the ad that preaches the value of your service)
Here’s an example from ClickMeeting (a site I was looking at as an option for a webinar I’m doing on retargeting next Wednesday) which retargeted me on my favorite music website:
Because I only travelled to ClickMeeting’s main homepage, I was showed their general retargeted ad. I have no doubt that if I’d clicked through to their price page I’d be seeing a different ad entirely.
Retargeting for B2C companies with the Display Ad Network:
As you start with retargeting, I’d recommend B2C companies focus on brand awareness. Because your leads have already been to your website, you know they’re interested in your products (unlike traditional online advertising).
This changes your online advertising approach in two ways:
Focus on reminding them of why they liked you in the first place
Give them more than just an ad; give them an incentive
This means you’re creating an ad that does two things: incentives engagement and brand awareness. This is the kind of ad that isn’t too pushy with an ‘Ask’ but also isn’t too vague that its viewer doesn’t know how to engage.
Let’s say I was a parent, and after I went to Aveeno’s website I headed over to my favorite source of parenting information, Parents.com. After reading an article I scroll down and what should I find but this ad?
As I mentioned above, your ads should be focused on brand awareness - keeping your brand in the forefront of a lead’s mind. Aveeno does this with an ad focused on an adorable baby as well as a unique selling point (“#1 pediatrician recommended brand in Canada”).
But (as you’ll notice with Aveeno), it’s also about incentivizing engagement. Not to the extent of a coupon code (though those have their time and place) but simply providing a little bit of value with your general brand awareness. Don’t go so specific as a B2B company might, but offer a 10% discount, free shipping or, like Aveeno has above, a small saving.
It can also be hugely beneficial to create retargeting ads based on the product page your lead has bounced from. For instance, if I were specifically interested in Aveeno’s baby moisturizer (as opposed, perhaps, to their color-care conditioner) the ad above would have a much higher chance of converting me to a sale. And, of course, visa versa.
Hopefully you now have a better understanding of the fundamentals of retargeting. While it doesn’t mean you can stop optimizing your landing page for conversions, it does mean you have a bit of a safety net for when leads do escape your sales funnel.
Stay tuned for more articles on this subject in the next couple weeks.