The digital marketing industry has been trying a lot of strategies over the years. Now, retargeting and remarketing emerge as effective means to build your brand, allowing you to reach more customers.
It can get a bit confusing because you may think remarketing is retargeting. In a sense, their meanings overlap, but they work for the same thing: conversion.
At Third Stage Marketing, one of the ways we help your business improve conversion is through PPC management. And paid ads fall under the retargeting approach.
The Retargeting Strategy
Retargeting is not a new concept, but it’s picking up steam as marketers see the benefits of reaching out to consumers who have already visited a website or seen an advertisement. This approach typically uses display ads to retarget site visitors.
Retargeting falls into two types: list-based and pixel-based.
Pixel-based retargeting functions to re-display your material to users who have left your website through a “cookie” left in their browsers. When he or she surfs the web again, your ad reappears to recapture his or her interest and convert the potential customer into a satisfied customer.
List-based retargeting, on the other hand, uses your list of existing contacts to identify users on a social network or platform and display retargeting ads exclusively to them.
This strategy zeroes in on your advertising spend on people already familiar with your brand and have shown interest. It’s a powerful tool for branding and conversion optimization.
The Remarketing Strategy
When we talk about remarketing, it refers to email campaigns which can re-engage your customers in their inbox. These come in by emailing a customer after they forgot their shopping cart or added an item to their wish list.
It basically runs after your target market to remind them about their past or latest purchase history. For example, if your customer added a “favorite” among your items, or simply looked for one, remarketing works by sending an email right away.
A study by AgilOne titled “Marketing Personalization Preferences of Shoppers Worldwide” divided the most effective remarketing emails into three categories, which are:
- Cart abandonment
- Products on sale
- VIP treatment
Customers don’t always follow the straight path to buying; distractions occur and you end up missing an opportunity. But with retargeting or remarketing, you have another chance to make that pitch or send a friendly reminder about your products and services.
So which one should you use? Ideally, you’ll want to use both approaches because ultimately they share the same goal: improve your conversion.
If you’re partial to retargeting, we can help with our PPC management. You can count on our team to be on top of everything. We’ll identify issues that may be getting in the way of your business’s progress. From keyword research to analysis and feedback, we’ll handle every aspect of your PPC campaign.