Remarketing: All you need to know why it is extremely important for you
- October 10, 2018
- Posted by: digitalmantra
- Category: Digital Marketing
- Last updated on : 5 months ago (11-15)
- 3 Minutes Read
What is Remarketing?
Remarketing is a marketing tactic or action taken by the company to reintroduce a product or service to marketing response to declining sales. The cleverest marketing tactic to connect with the visitors of your website who have not made an immediate purchase. Remarketing gives you a chance to reach out to your customers who have previously visited your website. This process gives you another chance to convert them into sales.
This strategy is considered to be the most cost-effective strategy to increase your sales conversions because you are reaching out to the people who have already expressed interest in your product or service by adding it to the cart or adding it to wishlist but not making it a final purchase. Therefore, these are the people who can be retargeted for increasing your conversions.
How does it work?
For example, a visitor is looking for cosmetics may go to nykaa.com to browse different products available. However, many visitors leave without completing a purchase process. Knowing those visitors are potential customers, nykaa.com can tag these visitors as ‘site visitors’.
This will ultimately allow nykaa.com to deliver advertisements to the tagged ‘site visitors’. There is an option of segmenting the visitors into groups based on the pages they visited to show them highly relevant ads. Hence, resulting in increased repeated visits to your website.
Types of remarketing
There are different kinds of remarketing strategies you can use to remarket:
1. Site Remarketing
This type of remarketing is very commonly used and popular as it is just a matter of displaying ad to users on others website after they visited your site and not made a purchase.
2. Search Remarketing
This type of remarketing is targeting people based on their search keyword. If they use queries that relate to your industry, then showing them your company ads makes sense.
3. Social Media Remarketing
You can also choose to display your remarketing company’s ads on social media platforms like Facebook.
4. Email Remarketing
Target people by showing up your company’s ads within their email to remind them and make a final purchase.
Benefits of Remarketing
There are numerous remarketing benefits. The pointers are listed below:
1. Improved brand recall
Remarketing is the best marketing strategy that reminds prospects about your brand. This type of advertisement helps in a reminder to the prospect about your particular brand.
2. Better engagements with the target audience
This type of marketing is the best way to re-engage with your customers and let them get back to your site and make the final purchase.
3. Improved conversion rates
Remarketing can help drive visitors to your website and make a final purchase as this type of marketing gives a slight reminder to the user to complete the final purchase process resulting in better conversion rate.
4. Attract competitor’s customers
With remarketing; most of the companies use this strategy to target competitor’s customers. This will help you reach our target audience and boost your customer base.
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