Retargeting – when online targeted advertising is delivered to consumers based on previous Internet actions that did not result in a past conversion – has become more importunate (persistent) as we continue to increasingly use the Internet to shop, order food, book travel, monitor the news or for pretty much anything you want to do without leaving the house.
It is also becoming more widely used within the advertising arena. With so many similar brands in the market it is hard to differentiation yourself from the other guy, and this form of remarketing can help to successfully convert those lost opportunities.
Oddly enough, after reading Learmonth’s post I was having dinner with my friend Nancy who was “weirded out” by a similiar experience. Ever since she booked a room at Loews Hotel ads for the hotel began appearing on every website that she visited. She is a sales trader so PPC (pay-per-click), Twitter, retargeting, and cookies are not really in her vocabulary. So I thought it would be interesting to research if retargeting is as effective as marketing and advertising professionals believe and how it actually works.
According to Criteo, a company that specializes in scalable personalized retargeting, more than 90 percent of website visitors leave before converting (i.e., making a purchase, downloading a white paper, etc.) Other research has shown that it can take at least seven follow-up emails or phone calls with prospects to actual convert them to a sale. If we are only tracking those visitors that convert on our physical websites, we are simply losing out on a possible sale down the road. Websites these days are optimized for search and have the technology to place cookies on each visitor’s computers to measure the site’s true audience size, but that is only capturing IP addresses most of the time. Then they have us, until we remove all our cookies and empty our cache.
So how do these retargeting customized ads work? When a prospect/client browses your website they become tagged with a snippet of code, which tracks which products they have shown interest in. When they leave the website and begin visiting other pages that’s when the retargeting begins. Banner ads customized to their search on your site start appearing on sites all over the web, from news, social networks, blogs, etc.
Companies that are using retargeting firms, such as Fetchback, in their marketing strategy have seen a 592 percent increase in ROI and conversions up by 94 percent. There are many other benefits to this form of behavioral marketing. It helps streamline all of your campaigns and the frequency of the ads helps keep your brand on the top of prospects minds. (Most services have an integrated feature that allows you to place a limit on the frequency at which the ads appear, so you don’t bomb your potential clients and “creep” them out because everywhere they go they see you.)
Plus, your ads are not static on a particular site related to your industry, which usually does not yield a lot of traffic because that market is already saturated and are either already your clients or know who you are. With retargeting your ads you are only reengaging with new prospects that have already shown interest in your brand; you can focus on what their needs are and manage your ROI.
In short, retargeting helps build your brand and online presence, while increasing the chances of reengaging your audience. It is not going to convert all on its own and has to be used with traditional marketing tactics to be effective. So don’t eliminate your current strategies. It is also important to measure the effectiveness of your retargeting campaigns, ensuring it is worth the investment and that your conversion rates are higher.
This article from Inc. Magazine highlights a retargeting success story involving Scottevest and its partnership with firm AdRoll.
There is one downside to the growing popularity for converting leads more efficiently via retargeting and that is the possibility that people may have the choice to opt-out (a do not call list for the Internet) of all behavioral targeting ads. What does that do for brands that are following the rules and not hunting down prospects on the web? We lose the opportunity to generate qualified leads for our sales team and revenue for the company. If you do use retargeting make sure you limit your reach frequency because when people begin to feel harassed and stalked by brands they will opt-out; I would.
Is your organization taking on the strategy of retargeting advertising? If so, how successful have you been with campaigns and reengaging lost prospects? Do you think we should have the right to opt-out of all behavioral targeting ad campaigns or just the irritating ones? Please share your thoughts and ideas with me and the BurrellesLuceFresh Ideas readers.
I recently joined the Droid world. I LOVE my Droid Incredible. The coverage is amazing, the clear picture and fast processor allow me to view websites and videos on the go, access Adobe files with crisp clarity and truly work “in the cloud.” And of course the tool that every public relations professional needs at all times – a camera. The Droid comes with a 8 mega pixel camera for all your photo needs. But my real Droid joy comes from the many apps I now have at my fingertips.
I don’t know how many apps are too many or too few. After reviewing the app marketplace I downloaded, tested, and kept the following free apps to help organize and maximize my mobile experience:
AndroNews: Provides fast links to major news sources: CNN, USA Today, WSJ.com and BBC to name a few.
Evernote: My most-used, must-have app for organizing notes on all of my devices. The “cloud” at its finest.
Facebook: Full-featured Facebook interface.
FourSquare: Not totally sure why, but I continue to “check-in” from time to time.
Google Goggles: Snap a picture and launch an automatic Google search of whatever you’ve scanned. *CAUTION people searches yield XXX results
Magic8Ball: To help with my really tough day-to-day decisions.
Scanlife: Allows me to engage and maximize the QR Code experience.
TMZ: Celebrity gossip. A supplement to my subscription to People!
Touiteur: My Twitter app of choice. I tried several apps, including the Twitter app and found Touiteur to be the best, most feature-rich.
UrbanSpoon: Scouting new restaurants either at home or on the road.
Where: Provides easy-access reviews and allows local vendors to send me coupons when I’m in proximity of their location.
All of the apps I share here are free. I don’t mind paying for an app if it’s good, but there are so many great free apps you don’t necessarily have to invest to maximize your mobile experience. Though I caution you before settling on any apps; thoroughly read the reviews. Don’t be fooled by the overall rating. Upon digging deeper into the reviews I realized many of the reviewers who provided detailed feedback actually ranked the app lower than the overall rating. Those higher ratings were primarily just the rating with a very brief “It’s excellent” or some mundane response.
I know we have a lot of Blackberry, iPhone and Droid users who follow the BurrellesLuce Fresh Ideas blog so I ask you to please share: What are your go-to apps? How do you use them to stay organized and be more efficient? If you are in PR or media relations have you helped create an app for your brand or client’s initiative? Can you give examples of successful app marketing campaigns?
The White House recently announced that they are taking steps to create a manner in which online identities could be protected from hackers through the National Strategy for Trusted Identities in Cyberspace (NSTIC). This new initiative would provide individuals with online identification cards, ala drivers’ licenses or social security cards. This identity could then, hypothetically, allow for safe online banking and shopping. Although this program is quite a breakthrough and a necessity for the already burgeoning world of online transactions, it is not the first to discuss the issue of privacy in cyberspace.
What may be more interesting and certainly sets the NSTIC initiative apart is the communication strategy used by the White House.
The announcement of this program was made via a blog post by Howard A. Schmidt, cyber-security coordinator. In it, Schmidt describes the vastness of cyberspace, the relatively humongous role it plays in everyday life and the need for a greater emphasis on security within the online environment. The goal of the NSTIC is to, “reduce cyber-security vulnerabilities and improve online privacy protections through the use of trusted digital identities.” What better way to convey a message about cyberspace than in cyberspace!
The other PR savvy tactic: Mr. Schmidt asked for the public’s opinion on how best to mold this new proposal. By visiting http://www.nstic.ideascale.com/ you could submit ideas or opinions while browsing ideas already submitted and agree/disagree with them.
By empowering the nation to become an active voice in the creation of the NSTIC, Howard Schmidt has taken full advantage of one of the most beneficial aspects cyberspace has to offer – the ability to create an open forum of discussion and polling. Through this method, the White House will, theoretically, be able to create a system for the public by the public.
Do you use online polling or discussions during the creation of your PR strategies? Will we one day vote for the President of the United States via online polling? How does online privacy affect your professional communications objectives and personal activities? Please share your thoughts with the me and the readers of BurrellesLuce Fresh Ideas.
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*Bio:Soon after graduating from the Richard Stockton College of New Jersey, in 2006 with a B.A. in communication and a B.S. in business/marketing, I joined the BurrellesLuce client services team. In 2008, I completed my master’s degree in corporate and organizational communications and now work as the supervisor of BurrellesLuce Express client services. I am passionate about researching and understanding the role of email in shaping relationships from a client relation/service standpoint as well as how miscommunication occurs within email, which was the topic of my thesis. Through my posts on Fresh Ideas, I hope to educate and stimulate thoughtful discussions about corporate communications and client relations, further my own knowledge on this subject area, as well as continue to hone my skills as a communicator. Twitter: @_LaurenShapiro_ LinkedIn: laurenrshapiro Facebook: BurrellesLuce
The 24 hour news cycle is nothing new. It started in 1980 with the launch of CNN, the very first 24 hour news channel. Prior to cable news we relied on the newspaper, radio, or the evening news broadcast to find out what was happening in the world. And if a big story broke during the day or after the news broadcast chances were we would be informed by having our favorite TV show interrupted with a special report from the affiliate’s newsroom.
Over the last few years, however, the rate at which we receive the news has been accelerating and, believe it or not, promises to become even more immediate. Some news organizations are applying extreme and sometimes controversial business practices to keep up with this increasing pace and to survive in the highly competitive online news space.
With more pressure to deliver content to their followers, organizations like Politico and Gawker are helping to ratchet up the intensity to an even higher level when it comes to reporting the news. Pre-dawn start times at agencies along with bonuses tied to the number of pageviews a reporter’s story garners are adding to the sense of urgency in which a story is posted online. Tracking how many people view articles online is becoming a higher priority not only at new media, but old media as well – creating an environment to see who can post the most exclusive stories the fastest.
As a result, when a major national story is in the midst of breaking news, the rules of engagement sometimes become a bit blurred, with more outlets favoring “cut and paste reporting” over actual journalism. Last month Rolling Stone magazine was about to post the General McChrystal story in which he and his aids were critical of the White House – first sending an advanced copy of the story to the Associated Press (customary for magazines trying to promote a story) with some restrictions. But before Rolling Stone had a chance to publish the story on their website, on their scheduled date, two major websites (Politico and Times.com) decided to post a PDF of the entire story to their respective sites.
Although it was seen by some as a breach of copyright and professional best practices, both companies explained that they posted the story as it was unfolding. Since Rolling Stone didn’t immediately post the article itself they decided to move forward on their own. Eric Bates, executive editor of Rolling Stone, didn’t see it that way. Voicing his concern not only from his magazine’s perspective but from an industry perspective, he called it a “transitional moment,” adding, “What these two media organizations did was off the charts. They took something that was in pre-published form, sent to other media organizations with specific restrictions, and just put it up.”
However, the exhausting pace of online news isn’t just taking its toll on the media organizations themselves. It is also coming at a price to the individuals supplying the content. The longer hours and added pressure to constantly come up with exclusive stories has contributed to an increased turnover of staff at online news organizations with more journalists facing burnout at a younger age. A dozen reporters recently left Politico in the first half of this year and it’s very common for an editor to leave Gawker after just one year.
While some may debate the future of the media, one thing is certain: The online media race is on. I’m just not sure if slow and steady wins this one.
Do you think that the media and their audiences, are biting off more news than they can chew? As a public relations professional, what do you think about news organizations bending the rules of engagement to keep up with today’s frenetic pace of news and how does this impact the way you conduct media relations? If you’re a journalist or blogger, how are you handling the added pressure of constantly having to deliver? Please share your thoughts with me and the readers of BurrellesLuce Fresh Ideas.
JOHNA BURKE: Hello, this is Johna Burke with BurrellesLuce, and I’m here at the PRSA Travel and Tourism Conference and I’m joined by Sree.
Sree, will you please introduce yourself?
SREE SREENIVASAN: Hi, folks, I’m Sree Sreenivasan. I’m a dean of student affairs at Columbia’s Graduate School of Journalism. And I teach in the digital media program there.
BURKE: And I’ve heard Sree speak a couple of times, and I always take away great value from the presentation. You know, I think it’s interesting that you were an early adopter of Google, but for things like Google Buzz and Google Wave, you haven’t quite seen the value of those things yet. So I think you have a really healthy perspective of how you look at things, and can you share some of those tips with the audience now about how they should try to find things and work them into what works for them as opposed to just adopting everything that’s out there?
SREENIVASAN: Sure. This is, I like to say, very–or in a very early time in social media. This is where the Internet was in 1996, where radio was in 1912, where TV was in 1950, which means there’s a lot of new stuff coming all the time and you have to decide, though, whether to jump on things or not.
My own rule is, I’ll only work with something once it fits into my work flow and my life flow. Work flow, life flow. If it doesn’t do both, it’s not for me. That doesn’t mean it’s not for other people.
So for example, Google Buzz and Google Wave are great examples of things that people love and thousands, millions of people maybe around the world use it. In fact, we all one day woke up and were on Google Buzz without knowing it because it’s something every Gmail user was on Google Buzz. But what I’ve—I say is find when–only when it’s time for that technology for you should you use it. So an example is Facebook. I work at a university and Facebook was available very early. I probably joined two years after everybody else did and couldn’t quite figure out how I can use it in my work till even after that. Same thing with Twitter. Once you find something, then you are ready for it, then you use it. Don’t panic, don’t worry that everybody’s using something that’s not important. Use the things that work for you.
The other thought about all of this is that it’s going to keep changing, and what we need to build is an ear that is listening to these new ideas and then looking for where we can–we can come aboard. Right now geolocation’s very big. I think it’s going to get bigger. Social media, I think, is much bigger than we imagined, and especially PR people need to be paying attention.
BURKE: Great, Sree. And where can people find you online and in social media?
SREENIVASAN: Sure. My main web address is sree.net. So if you Google “Sree” I come up first. But Sree Stinks come ups–comes up afterwards, which doesn’t matter because the main thing is that I come up first. But you can also find me on Twitter @sreenet, S-R-E-E-N-E-T, and on Facebook I have a page where I’m posting tech tips, job ideas, which is sree–sreetips. So it’s www.facebook.com/sreetips.
brands in the market it is hard to differentiation yourself from the other guy, and this form of remarketing can help to successfully convert those lost opportunities.
