JOHNA BURKE: Hello, everyone, this is Johna Burke with BurrellesLuce, and I’m here at the PRSA Counselors Academy. I’m here with Carol.
Carol, will you please introduce yourself?
CAROL GREENWALD: Hi, I’m Carol Greenwald. I’m the owner and president of Marketing Partners. And what we do is three kinds of things. We work with people on targeting and strategies so that they can get richer faster and more effectively. I do research so that we can ground decisions in fact instead of fancy. And I do coaching to help people learn better selling behaviors.
BURKE: Can you talk about, for those people that weren’t privileged enough to be able to be in your session moments ago, what’s the most important thing that marketers can use when they’re talking to prospects and clients about identifying and creating some attachment to their brand and to their product?
GREENWALD: What they need to remember is, is that there is no such thing as a rational decision. Decisions–the best decisions are made in the context of emotional thought that brings together all past memories, past experiences, past activities, past responses, brings them together so that they focus on whatever the decision is. So if you have a brand and you want somebody to do something, what you have to think about is what is the context in which you want them to do it? What’s happening in their world that’s relevant to this?
What kind of goal would they have to do it? What kind of past memories would they need so that they could understand what it is that you want them to do? Everybody understands new knowledge, new thoughts, in the context of old knowledge. That’s why whatever your mother did when you were five is probably still relevant today because memories are built up. Every time you have a problem or you face something, your brain goes back into the unconscious memories, pulls out the ones it thinks are relevant, tries to create a pattern that is similar to the pattern that you’re facing; then the cognitive part, the smallest part and the youngest, the most fragile part of your brain, the cortex, takes those patterns that’re offered to it, takes the best one of them and says, `This is the one we’re going to use because this is the one that answers the question, fits how we feel about the past and moves us forward into the present.’
So as a marketer, as a PR person, as a communicator, you have the ability, by setting the entire emotional stage, to influence not only how people feel about your product, but how they use it, what they do with it and, finally, if they buy it.
BURKE: Carol, thank you so much. Can you tell us your website, or where else people might be able to find you?
JOHNA BURKE: Hello, this is Johna Burke with BurrellesLuce, and I’m here at the PR News Media Relations Conference. And I’m here with David.
David, will you please introduce yourself?
DAVID WARSCHAWSKI: Yes, I’m David Warschawski. I’m CEO of Warschawski. We’re a full service marketing communications firm.
BURKE: David, can you please share the tips with organizations on how to avoid losing money?
WARSCHAWSKI: That’s a great question, just finished talking about it. Let me give you four main tips. The first is, number one, get clarity of what your brand is, what makes you highly unique and relevant for your target audience, and create marketing communications around that. But until you have clarity of that, it’s hard to make sure that you’re using your money wisely.
Secondly, make sure you have clarity of who your target audience is. And not just clarity of your primary, but of your primary, your secondary and your tertiary target audiences. That way you can allocate your spending wisely, making sure that you’re hitting them with your key messages to move them to action so that your brand becomes resonant for them.
Third is make sure you’re not jumping on the bandwagon. Don’t follow the latest and hottest topics. So if social media isn’t right for you, you can’t sustain it or do a great job, as one example, don’t do it.
And last but not least, everyone has a great resource that should be used, and that’s your internal communications team, it’s your internal team in total. Turn them into brand ambassadors for you. Use them and leverage them. Make them the folks who on a day in and day out basis represent your brand in the most positive way. Fantastic four simple steps to make sure you’re spending your money wisely and getting the biggest bang for your buck.
BURKE: Thanks so much. And where can people find you online?
WARSCHAWSKI: Best is go to our website, warschawski.com. I’ll spell it for you. It’s W-A-R-S as in Sam C-H-A-W-S as in Sam K-I-dot-com.
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.
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.
