This article was written by our friends at Fifth & Cor
Retargeting utilizes a user’s past interactions with your site to entice them into visiting again. This is especially useful if you find potential customers leaving carts abandoned at checkout. With this tactic, users who have previously visited your site are shown ads that relate to items they may have interacted with in the past - such as adding to a cart or a wishlist. Retargeting helps to remind users what they were looking for and why they liked it, which increases the likelihood of completing their purchase.
The best part about retargeting is that it’s typically done through a third-party application. Google Ads is a great resource for this since they allow you to easily show your ads to a tracked audience across Google and the websites it associates with. Plus, with Google Ads being part of Google’s site management toolbox, integrating Ads with Google Analytics is an incredibly simple process. You just need to sign into Google Analytics, navigate to your admin section, and click the link to connect your Google Ads account.
Adroll is another third-party app allowing you to run ads across Microsoft, Facebook, Google, and more. While you might not want to add another third-party app to your assortment of site management tools, these apps allow you to automate and streamline your marketing process. This means in the long run, you’re saving yourself time, money, and the headache of juggling multiple analytic applications at once.
Remarketing, on the other hand, refers to the re-engagement of customers via email. Remarketing is great for abandoned cart reminders, upselling and cross-selling, and lifecycle marketing emails. Essentially, retargeting is for users who have failed to complete the marketing funnel, while remarketing is for those who have completed it previously, but you’d like them to complete it again.
Ad retargeting is incredibly important to utilize if you’re looking to bring wandering potential customers back to your website. It might seem like just another marketing tactic to stay on top of, but retargeting has a high success rate of turning abandoned carts into completed conversions. By reminding your consumers that they found the item they were looking for on your site, they’re more likely to move forward with completing their original purchase. Then, when they’re happy with their product or service, they’re even more likely to become a repeat customer down the line.