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Businesses have come a long way from local ads to sophisticated online marketing and using their Web presence to funnel in customers. SEO has been one of the main tools to do this and with these latest emerging techniques such as Ad retargeting; businesses are drastically improving their conversion rates and their inbound marketing campaign ROI.
What is Retargeting?
Ad Retargeting is a new technique that offers a wonderful opportunity for businesses that provide a new angle to the online marketing campaign and help reach the targeted demographic with pinpoint accuracy. Businesses utilize retargeting in their Ad campaigns to see significant enhancements in every measurable metric there is in marketing. This form of online advertising helps you keep your brand ahead of the bounced traffic after they leave your website. Statistics shows that only 2% of the online traffic converts after the first visit, hence retargeting helps businesses in acquiring the 98% users who don’t convert in one go.
How Does Retargeting Work?
Benefits of Retargeting
Creates Brand Awareness:
Retargeting your ads creates a significant amount of brand awareness among the people who are searching for the specific content related to your website and business. As the previous visitors of your website view the retargeted ads on other websites, it makes them conscious of your web awareness as well as brand presence.
Reaching Customers At The Right Time:
Let’s say for instance that you sell TVs online and a prospective buyer visits your websites and then move on to another to make a purchase from there. When the buyer is almost ready to make the purchase from the other websites and view your retargeted ads on their websites, it may persuade them to buy from your website instead. This routes not only traffic but also real time customers to your business. It keeps your brand on the top of the mind of the users so even if you missed the first opportunity to convert the user, they may just come back to your website for another purchase.
With the easy evaluation of the ROI from the retargeting campaign, you get all the important statistics you need to find out whether you should keep the campaign going or no. Although the benefits of adding ad retargeting to you marketing campaign is an important tool, for an effective strategy you need content marketing, Adwords and targeted display of ads to work inefficiently in sync.
Statistics reports that an effective marketing strategy with ad retargeting showed 16% conversion after the users visited the website. This was much higher than the 3% conversion rate after Ad retargeting that lacked proper segmentation and targeted marketing campaign.