Remarketing: A Second Chance at Love

Consider this bit of classic situation comedy:

Guy meets girl at a laundromat.

Girl gives guy her number.

Guy accidentally washes the receipt she wrote it on.

All hope of love is lost.

The poor schlep. If only he had a second chance, right?

Fortunately for him, we’re all familiar enough with TV tropes to know that their story doesn’t end there. Fate will intercede to bring them together again, and all will be well.

Fortunately for you, the story of you and your prospective customers can have a similar happy ending.

In many ways, marketing is like dating. There’s an initial introduction, followed by a period of wooing to secure their digits (or email address or mailing address or Facebook “like,” as the case may be). Every step – and every hour and every dollar spent – along the way in nurturing that relationship is designed to keep things moving through the proverbial funnel to greater levels of commitment until you arrive at a proposal (call to action) and the resulting commitment (conversion).

But what if, in spite of your best efforts to get your customer to the alter (the checkout or contact form), they lose interest, forget you exist (ouch!) or, worst of all, go AWOL before clicking “submit”? Like the guy in the laundromat, you need a second chance.

Enter remarketing – the fairy godmother of sales.

Reunited and it feels so good

As we’ve covered previously, there are plenty of things you can do both to optimize your chances of converting a new customer and to minimize the odds that a shopper will walk away from their cart mid-session.

Inevitably though, despite your best efforts, some prospective buyers will simply fall through the cracks. They might decide they need more time to consider their purchase, or they might be pulled away from the computer by one of the many distractions of daily life. Whatever the reason, unlike our friend in the laundromat, you don’t have to rely on fate to reunite you. You have more than a damp blank receipt in your pocket; you have the ability to deploy remarketing.

In principle, remarketing is not rocket science. It’s exactly what it sounds like: reaching out once again to someone who has already responded to earlier marketing efforts and engaged with your brand on some level. Essentially, it’s preaching to the converted – or nearly converted – if you will.

More specifically, remarketing uses information collected about a visitor’s activity on your site (e.g., viewing a product page, adding a product to their shopping cart, etc.) to put your brand and your products in front of them again via a highly targeted follow-up message that’s customized based upon parameters relating to the actions they took while on your site.

Typically, this follow-up is executed in one of two ways: either by pushing ads for your products out to other sites they visit as they continue browsing or by sending an email message directly to them if their contact information is available to you. These ads and emails typically feature tailored messages and images designed specifically to re-engage the prospect in the action they previously abandoned based on information collected about their browsing activity.

The nitty gritty

How on earth does this work?

What’s happening behind the scenes is that a code snippet provided by your analytics resource of choice (e.g., Google AdWords) is embedded into the source code of strategically selected pages of your site.

This code then places a cookie into the browsers of those who visit such a page on your site, assigning specific information about their visit. These cookied visitors are skimmed off into a new “audience” within your analytics and sent customized ads over advertising networks known as Demand Side Platforms (DSPs). Google AdWords is the probably the best known DSP, but there are a host of others out there, many of which claim to specialize in remarketing. Alternately, recipients of remarketing may instead receive automated, custom-tailored emails if that visitor has previously provided their contact information to you.

The proof is in the ebelskiver

Let’s consider an example that’s close to home (pun intended). My wife recently visited the Williams-Sonoma website in search of a special pan required to make her latest obsession: tiny filled pancakes known as ebelskivers.

She located the tart-maker on the site but did not select the option to “Add to Basket.” Within a few hours, she received the following email (because she had registered to receive updates from the company previously, they already had her email address on file):

The “Buy Now” button embedded within this message took her directly back to the page for the product, just one convenient click away from purchase.

“Hello, Clarice.”

One word of caution: as with any marketing strategy, you must always implement this tactic in ways that show respect for your customers and reinforce – rather than undermine – the trust they have in your company and your brand.

Overly eager DSPs will promise to make it rain, but there’s a fine line between a gentle reminder and creepy stalking – or “cookie bombing”.

A retargeted ad that reminds a visitor that they have items remaining in their shopping cart is a courteous customer service gesture. Bombarding them with the same ad for days or weeks will come off as a much more self-serving ploy that’s likely to cost you not only the potential sale that’s currently on the table but any future business from that customer as well.

Rethink, Refocus, Reinvent, Rename: 4 Ways to Revitalize Your Brand

Your brand is your identity. Its value is built over time, step by step, brick by brick until it is recognizable, desired and even worn like a badge among your loyal customers. Once it’s established, it becomes the touchstone around which all of your marketing and business growth efforts stem.

But what happens when that momentum shifts and suddenly the value of your brand starts to wane. In a constantly changing marketplace, today’s top brand can become tomorrow’s relic. Your customers’ needs, habits or preferences start to shift. A new competitor emerges in the marketplace. New technology or new trends arise and undermine the relevance of your offering. A negative connotation attaches itself to your good name.

Is it time to just give up and pack it in? Not at all.

It is time, however, to retool your brand. Here are four ways you can approach the rebranding process and rekindle the flames of passion between your company and its customers.

1. Rethink.

Approach your product offering with new eyes, as if you have never seen it before. Forget your past success and look ahead to what it will take to capture a newer, broader buyers' market.

Ask yourself what will make your product relevant to today’s consumer. Does your product promote green living? Does it support a healthy, active lifestyle? Can it create greater efficiencies in an economy where everyone’s looking for new ways to stretch a dollar?

Fast food mega-monopoly McDonald’s is a prime example of how taking a fresh look at your company’s offerings can not only keep you relevant but help you thrive in an ever-shifting marketplace.

Established as a burger joint and maligned by the well-hyped documentary "Super-Size Me" as being synonymous with obesity and grease, McDonald’s took a step back and envisioned a restaurant where healthy offerings such as salads, fruit and yogurt could peacefully co-exist with good old-fashioned fast food fare.

This approach reaped immediate rewards, as customers who had left McDonald’s in droves in pursuit of healthier options discovered that it was finally safe to return to their old familiar favorite Golden Arches.

2. Refocus.

When it comes to rebranding, it’s vital to keep a keen eye on exactly who it is that you want to target.

It’s possible that your sales are flagging because in trying to increase your market share, you lost sight of who it is you serve best. In casting your net too wide, you may have alienated your most loyal customers.

Rebranding gives your company a chance to refocus and retool your efforts specifically to appeal to those who will realistically be most interested in and most likely to buy your products, rather than wasting time and money on a less effective, too-broad business plan.

When J.Crew saw its sales start to decline in 2003, the company hired former Gap CEO Millard Drexler to take action. Returning their focus to a narrower, more upscale clientele, the label began introducing more luxury items such as cashmere and tweed to their line alongside their traditional selection of tank tops and t-shirts. Add to that the endorsement of one very sophisticated First Lady – Michelle Obama – and the rebranding of J.Crew was complete.

3. Reinvent.

Would you believe that Burberry – yes, that Burberry – was once synonymous with gangwear in England? It was – so much so that one English pub even banned anyone wearing the label from entering its establishment.

What happened? In the 1970s and 1980s, the brand became associated with football thugs and hooligans. Imposter garments with the signature Burberry check print were sold to the masses, creating the impression that it was no longer an exclusive brand and undermining its desirability among affluent clientele.

Burberry struck back, relying heavily on a series of endorsements from young, A-list celebrities like Kate Moss, Agyness Deyn, Emma Watson and Rosie Huntington-Whitely to reposition the brand as fresh and appealing.

In addition to advertising heavily in glossies like GQ, Esquire, Vogue and Harper’s Bazaar, they also employ a viral marketing approach, placing ad banners on top fashion websites. Additionally, the brand appears at fashion weeks around the world without fail, hosting their own shows to present new lines, which keeps their name constantly in the fashion press. In doing so, Burberry has reinvented itself and reclaimed its historic stature as a high-end, aspirational brand.

4. Rename.

A complete change of name can be a risky strategy but one that can also be highly effective when implemented with perfect timing and execution.

A great example of how one company changed their fortunes by changing their name is the fast food chain originally known as Kentucky Fried Chicken.

Founded by Colonel Sanders in 1956, the company made the wide-sweeping decision in 1999 to shorten their name to simply "KFC." There are several prevailing theories as to why this change was ordered. Some say it was the desire to disassociate themselves from the word "fried" and all of its unhealthy connotations. Others claim the company wanted to remove the word "chicken" in reaction to pressure from government food regulators upset about treatment of livestock. Still others say the company removed the word "Kentucky" because the name was actually trademarked by the Commonwealth of Kentucky in 1990, slapping all who wanted to use the name with a hefty licensing fee. Whatever the real reason for the switch, KFC was reborn and sales skyrocketed.

Whatever the reasons, if your customers have lost their passion for your products and your sales numbers are feeling the squeeze, rebranding may prove to be just the shot in the arm you need to revitalize your revenues.