What is Remarketing vs Retargeting, What comes up to your mind first when you see these two terms Remarketing vs Retargeting? Confused or just supprised? well, you will soon get to know what these two mean and how you can apply these in your marketing and advertising campaigns.
There are brands that have a lot of traffic but actually don’t have many sells or conversions. One of the reasons is that they simply fail in their remarketing and retargeting campaigns.
On average, research shows that only 2% of the people that visit your website end up taking actions that lead to purchase or conversion.
You have many visitors that will spend some time on your pages, add some of your products to the cart, or even click on payment buttons but end up leaving without fully completing the orders.
This is why you need a remarketing or retargeting campaign to get those people to return to your site so they could complete those orders or convert to loyal paying customers.
Does that sound good? If yes… just read till the end to understand how you can get those people back and turn them to buying customers.
The effective use of these two digital marketing strategies depends on your vivid understanding of their meaning and when and how to use them in your campaigns to make the most impact.
That been said, let’s jump into it.
What is Remarketing?
Remarketing involves the use of visitors data collected using cookies, Pixel, emails funnels etc to retarget visitors based on their previous activity on a website.
In some cases, customers who already signup and maintain accounts are retargeted based on their action. For example, adding products to the cart without checkout for a period of time.
Examples of Remarketing
Several digital marketing tools such as emails and messenger are often use for remarketing.
These methods are considered very effective based on data collected from emails marketing companies such as Mailchimp.
Emails or messages are sent to customers to remind them about the actions they kept pending or did not complete when they visited the websites to return to the sites and complete those actions.
Facebook messenger is constantly used nowadays by eCommerce sites to remind customers of their pending action and also to show them more offers.
Another type of remarketing is when customers are invited through emails, messenger or text messages to see new offers based on their previous purchases and interest from e-commerce sites.
Another example of remarketing is when customers are sent emails or messages inviting them to check out new deals with discounts.
In some cases, customers are alerted when new products are added to the shop.
These remarketing strategies work effectively for many brands and mostly for eCommerce brands.
Now that you understand of what remarketing is, let’s look at retargeting as well.
What is Retargeting?
Retargeting is a form of digital advertising by which advertisers create display advertising campaigns to specifically target a set of audience based on their previous activity on their website.
Brand effectively execute retargeting campaigns using the already collected data of their visitors through cookies, Pixel or emails collecting channels.
You can put it as a re-engagement strategy using ad campaigns to target audience and get them to return to your website to take actions that will lead to purchases.
effective retargeting works pretty well when the right data is collect and expanded.
It is a pretty effective way of targeting the audience because you already have the data collected based on their interest and behaviour. All digital marketing campaigns work better when you have accurate data to use for targeting.
Data is collected based on what they searching for, the pages they visited online, the products or services they interact with online and at what specific time which makes the data and targeting more precise.
Let’s look at some few examples of retargeting
How retargeting works
Let’s say Mr B. visited an e-commerce website and interacted with a digital camera, Mr B. spends some time looking at cameras but unfortunately did not buy any of those cameras before leaving the website.
After a day, the website or company which sells those cameras decided to create another ad with more attractive images of cameras coupled with a discount of 10%.
The company decides to retarget Mr B. and many other customers with the same previous behaviour on the site and show them those ads so they can be more motivated to visit the website again and buy a camera.
This is how retargeting works and it basically targeting people based on their previous behaviour on your website.
Even though these terms are used interchangeably, I feel there is a slight difference between Remarketing vs Retargeting.
Here are some tips for more effective retargeting campaigns
- Collect enough data: Run test ads for a few days and collect adequate data before you will launch your retargeting campaign.
- Expand your audience: Create a look-like audience using your pixel data in case of Facebook and allow Google Ads to expand your audience during your remarketing campaign in case of Google Ads.
- monitor your campaign and optimise your audience based on demographics, location, income status and educational status, all these will depend on your priorities
- Optimise your devices: Target specific audience based on devices as well if you feel desktop or mobile is bringing more conversions. Again this will depend on your results and priorities.
Now let’s look at some differences between these terms.
How and when to use Remarketing vs Retargeting
One important fact you must know is that these two terms are similar in nature and have one similar goal. They all aim at getting the customer to buy or complete the actions they left pending on the website.
The slight difference between remarketing and retargeting is how they are done and when it’s more effective to use each of them. Let’s explain those variations.
Differences between Remarketing and Retargeting
Since remarketing is mostly done with email marketing campaigns and through messenger, the advertiser has some extended benefits to show more promotions within the same email or message to their targeted audience.
Considering that email marketing is so effective form of marketing because many people to be precise about 98% of internet users use email, it’s likely your campaign will be more effective and may end up increasing your ROI.
Also, because the marketer has all the contacts of the audience, its easy to send them updated marketing information such as price updates, sales promotions at all times which really helps boost sales.
Remarketing provides a lot of advantages for the marketer because of the customer’s data in their hands.
On the other hand, retargeting is kind of limited since the ad campaigns are run through ad networks, and always involve ad budgets.
Retargeting is incredibly powerful as it gives the marketer the advantage to show more attractive offers to targeted customers so they can return to the site and make purchases.
Remarketing and retargeting usually have one common goal which is to get your visitors to return to the website and complete their pending actions or take new actions that lead to sells.
It is right to view these two terms as one but at the same time consider their little differences.
This will help you understand when and how to effectively use these advertising strategies to optimize your ROI on both Remarketing and retargeting campaigns.