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Advanced Retargeting


     Craig Boyte
     Associate Media Director FRWD
     i612 Vice President: Sponsorships
     @Craigboy
3/28/2013                                1
Introduction: Navigation What We’re Going To Cover


How to think about retargeting

Why retargeting

Basics

Four advanced tactics

DMP/DSP vs. hiring a vendor

General things to remember
Introduction: Navigation                    Mindset



   Consumer centricity                             Data centricity




What value are you providing                      What can you learn
     to your customers                           From your customers
Introduction: Navigation         Why Retargeting



Some facts
90 to 95+ percent of visitors who browse a retailers site do not complete a transaction in
their visit


Retargeted consumers are nearly 70% more likely to complete a purchase as compared
to a non-retargeted consumers*


Retargeted customers spend, on average, 50% more than those served with non-
targeted banner ads*




*Retargeting study by Criteo 2011
Introduction: Navigation                     The Basics


You know this part already




                            Retargeting:
  Putting your message in front of lost prospects to get them back
Introduction: Navigation
Introduction: Navigation             Can I Do More?




                           Sequential retargeting

                            Search retargeting

                             Social retargeting

                           Dynamic retargeting
Introduction: Navigation   Sequential Retargeting




Sequential retargeting
Introduction: Navigation        Sequential Retargeting

                                 Tell a story




Reminder/Introductory       Value Proposition      Closing/Sales Offer
      Message                   Message                 Message


    Use sequential messaging to move people down the sales funnel
Introduction: Navigation                          Sequential Retargeting



Sequential retargeting is also way of testing both value propositions and price points

     First impression    Second impression      Third impression     Fourth impression   Fifth impression




   Value Proposition    Value Proposition     Value Proposition    Value Proposition     Value Proposition
          One                  One                   One                  Two                   Two




   Value Proposition
                         Price Point One       Price Point One      Price Point Two       Price Point Two
          Two



     Sixth impression    Seventh impression    Eighth impression    Ninth impression       Tenth impression
Introduction: Navigation   Search Retargeting




Search retargeting
Introduction: Navigation        Search Retargeting

                 What is search retargeting?



                                 Your Site




 Other site



  Place 3rd               Retarget
Party cookie
Introduction: Navigation              Why Search Retargeting



 Site retargeting does not, and can not, increase prospects

 By definition site retargeting only hits people who already know who you are


 Search retargeting hits new prospective clients


 You can base your targeting at the keyword level much like a search campaign



Warning   Set expectations: You will have lower results with search retargeting compared
          to site retargeting
Introduction: Navigation   Social Retargeting




Social retargeting
Introduction: Navigation            Social Retargeting

Facebook inventory is now available and use is growing quickly
Introduction: Navigation               Social Retargeting

Even with its growth, most still don’t use it
Introduction: Navigation                                         Why Social Retargeting



         Facebook extends reach and costs less

         Facebook retargeting extends your reach: There has been found to be only an 8.3% crossover
         between web retargeting and the Facebook exchange*

         Facebook CPMs cost 82% less than standard web retargeting*

         Facebook CPCs are 70% lower than standard web retargeting*

         Starting yesterday (3/26) FB retargeting ads will also be shown in the news feed, not just on the
         right panel**

         Turn around times are extremely fast: You can hit someone on FB with an ad within minutes of
         them visiting your site


        Warning
                         Click through rates are 40% lower than standard web retargeting

Sources:
*http://gold.insidenetwork.com/facebook-marketing-bible/fmb_summary/an-introduction-to-the-facebook-exchange/
*http://www.comscore.com/Insights/Presentations_and_Whitepapers/2012/2012_US_Digital_Future_in_Focus
** http://adage.com/article/digital/facebook-brings-fbx-ads-desktop-news-feeds/240539/
Introduction: Navigation   Dynamic Retargeting




Dynamic retargeting
Introduction: Navigation        Dynamic Retargeting


Dynamically populate ads with the product the customer was looking at
Introduction: Navigation Why Dynamic Retargeting


          Dynamic Ads Simply Work Better

          Personalized retargeted ads perform 6X better than generic banners*

          Personalized retargeting ads perform 4X better than basic retargeted ads*

          Dynamic Facebook ads had a 43% higher CTR than static FB ads**

          Dynamic Facebook ad conversions happened 30% faster than static FB ads**

          Dynamic Facebook ads had 1/3 the CPA of static FB ads**



          Warning          Dynamic ads can cost more to serve and sometimes there is a set up fee


*Retargeting study by Criteo 2011
**Triggit Facebook retargeting study 2012
Introduction: Navigation   DSP/DMP




Should You Use A DSP/DMP
Introduction: Navigation                          DSP / DMP Vs. Vendor



    This is a big topic… but here is the short version


Outside publisher                                            Self Service DMP/DSP

•    Easy to implement                                       •   A little trickier to implement
•    More expensive media                                    •   Cheaper inventory
    • Vendor marks up exchange inventory                            • No markup of exchange inventory
•    Vendor controls all data                                •   Direct control of all data
    • They can then sell your data                                  • Audience data controlled in DMP
•    Managed service                                         •   Direct control of inventory
•    Limited control of inventory                            •   Deeper audience understanding
•    Limited over improvements                                      • All data, segmentation and taxonomy of
•    Much easier to do very advanced tactics                             audience data is done by you
    • No learning curve for setup                            •   Can have a steep learning curve for advanced
•    “Set it and forget it”                                      tactics
                                                             •   Requires ongoing maintenance




                                          FRWD Proprietary & Confidential
Introduction: Navigation The Players In This Space
                                           Who Are



     There are many different potential DSP/DMP partners




Here are a couple of links that can help you out:
http://www.clickz.com/clickz/column/1702617/a-step-guide-evaluating-demand-side-platforms
http://www.imediaconnection.com/content/26711.asp
http://econsultancy.com/us/reports/rtb-buyers-guide (paid report)
                                  FRWD Proprietary & Confidential
Introduction: Navigation




Should You Use A DSP/DMP
Introduction: Navigation                        Wait… What?



To Recap

Think of retargeting from both a consumer standpoint and a data standpoint

Use sequential retargeting as a way to move consumers down the purchase funnel and
as a testing lab for value propositions and special offers

Search retargeting is a way to increase your prospect pool

Social retargeting extends your reach efficiently

Dynamic ads perform better and should be used if possible

Think about your needs when considering using a DSP or hiring an outside vendor
Huge Slide With Lots Of Stuff
                    Introduction: Navigation
Other things to keep in mind
Invest in privacy education
      Legal, IT, marketing, account team….
      Privacy center, OBA compliance and ad serving partner
It can take time: You can’t just turn in on
Forecast performance
      Timing: Site traffic (25k-100k cookies) = could take 5 months to cume
      Sales volume: 90 days+ sales volume
Set performance expectations
      Higher CTR and Conversion but lower volume
Ensure cookie life 30+
Map the site (tagging IA similar to content IA)
Segment your visitors, everyone is not equal
Make sure you have a frequency cap in place
Creative editorial calendar…and budget
Plan for it to work (consider a DSP and DMP solution for long haul, creative refreshes)
Plan for someone to break it
Have a plan for complaints
Always A/B test with creative
Pre-determine the length of time for view through conversions
Make sure you have a washout code in place after someone converts
Introduction: Navigation   Questions




Thank you
Craig Boyte:
Associate Director, Media
craig.boyte@frwdco.com
i612 Vice President: Sponsorships
@Craigboy

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Advanced Retargeting - Craig Boyte

  • 1. Advanced Retargeting Craig Boyte Associate Media Director FRWD i612 Vice President: Sponsorships @Craigboy 3/28/2013 1
  • 2. Introduction: Navigation What We’re Going To Cover How to think about retargeting Why retargeting Basics Four advanced tactics DMP/DSP vs. hiring a vendor General things to remember
  • 3. Introduction: Navigation Mindset Consumer centricity Data centricity What value are you providing What can you learn to your customers From your customers
  • 4. Introduction: Navigation Why Retargeting Some facts 90 to 95+ percent of visitors who browse a retailers site do not complete a transaction in their visit Retargeted consumers are nearly 70% more likely to complete a purchase as compared to a non-retargeted consumers* Retargeted customers spend, on average, 50% more than those served with non- targeted banner ads* *Retargeting study by Criteo 2011
  • 5. Introduction: Navigation The Basics You know this part already Retargeting: Putting your message in front of lost prospects to get them back
  • 7. Introduction: Navigation Can I Do More? Sequential retargeting Search retargeting Social retargeting Dynamic retargeting
  • 8. Introduction: Navigation Sequential Retargeting Sequential retargeting
  • 9. Introduction: Navigation Sequential Retargeting Tell a story Reminder/Introductory Value Proposition Closing/Sales Offer Message Message Message Use sequential messaging to move people down the sales funnel
  • 10. Introduction: Navigation Sequential Retargeting Sequential retargeting is also way of testing both value propositions and price points First impression Second impression Third impression Fourth impression Fifth impression Value Proposition Value Proposition Value Proposition Value Proposition Value Proposition One One One Two Two Value Proposition Price Point One Price Point One Price Point Two Price Point Two Two Sixth impression Seventh impression Eighth impression Ninth impression Tenth impression
  • 11. Introduction: Navigation Search Retargeting Search retargeting
  • 12. Introduction: Navigation Search Retargeting What is search retargeting? Your Site Other site Place 3rd Retarget Party cookie
  • 13. Introduction: Navigation Why Search Retargeting Site retargeting does not, and can not, increase prospects By definition site retargeting only hits people who already know who you are Search retargeting hits new prospective clients You can base your targeting at the keyword level much like a search campaign Warning Set expectations: You will have lower results with search retargeting compared to site retargeting
  • 14. Introduction: Navigation Social Retargeting Social retargeting
  • 15. Introduction: Navigation Social Retargeting Facebook inventory is now available and use is growing quickly
  • 16. Introduction: Navigation Social Retargeting Even with its growth, most still don’t use it
  • 17. Introduction: Navigation Why Social Retargeting Facebook extends reach and costs less Facebook retargeting extends your reach: There has been found to be only an 8.3% crossover between web retargeting and the Facebook exchange* Facebook CPMs cost 82% less than standard web retargeting* Facebook CPCs are 70% lower than standard web retargeting* Starting yesterday (3/26) FB retargeting ads will also be shown in the news feed, not just on the right panel** Turn around times are extremely fast: You can hit someone on FB with an ad within minutes of them visiting your site Warning Click through rates are 40% lower than standard web retargeting Sources: *http://gold.insidenetwork.com/facebook-marketing-bible/fmb_summary/an-introduction-to-the-facebook-exchange/ *http://www.comscore.com/Insights/Presentations_and_Whitepapers/2012/2012_US_Digital_Future_in_Focus ** http://adage.com/article/digital/facebook-brings-fbx-ads-desktop-news-feeds/240539/
  • 18. Introduction: Navigation Dynamic Retargeting Dynamic retargeting
  • 19. Introduction: Navigation Dynamic Retargeting Dynamically populate ads with the product the customer was looking at
  • 20. Introduction: Navigation Why Dynamic Retargeting Dynamic Ads Simply Work Better Personalized retargeted ads perform 6X better than generic banners* Personalized retargeting ads perform 4X better than basic retargeted ads* Dynamic Facebook ads had a 43% higher CTR than static FB ads** Dynamic Facebook ad conversions happened 30% faster than static FB ads** Dynamic Facebook ads had 1/3 the CPA of static FB ads** Warning Dynamic ads can cost more to serve and sometimes there is a set up fee *Retargeting study by Criteo 2011 **Triggit Facebook retargeting study 2012
  • 21. Introduction: Navigation DSP/DMP Should You Use A DSP/DMP
  • 22. Introduction: Navigation DSP / DMP Vs. Vendor This is a big topic… but here is the short version Outside publisher Self Service DMP/DSP • Easy to implement • A little trickier to implement • More expensive media • Cheaper inventory • Vendor marks up exchange inventory • No markup of exchange inventory • Vendor controls all data • Direct control of all data • They can then sell your data • Audience data controlled in DMP • Managed service • Direct control of inventory • Limited control of inventory • Deeper audience understanding • Limited over improvements • All data, segmentation and taxonomy of • Much easier to do very advanced tactics audience data is done by you • No learning curve for setup • Can have a steep learning curve for advanced • “Set it and forget it” tactics • Requires ongoing maintenance FRWD Proprietary & Confidential
  • 23. Introduction: Navigation The Players In This Space Who Are There are many different potential DSP/DMP partners Here are a couple of links that can help you out: http://www.clickz.com/clickz/column/1702617/a-step-guide-evaluating-demand-side-platforms http://www.imediaconnection.com/content/26711.asp http://econsultancy.com/us/reports/rtb-buyers-guide (paid report) FRWD Proprietary & Confidential
  • 25. Introduction: Navigation Wait… What? To Recap Think of retargeting from both a consumer standpoint and a data standpoint Use sequential retargeting as a way to move consumers down the purchase funnel and as a testing lab for value propositions and special offers Search retargeting is a way to increase your prospect pool Social retargeting extends your reach efficiently Dynamic ads perform better and should be used if possible Think about your needs when considering using a DSP or hiring an outside vendor
  • 26. Huge Slide With Lots Of Stuff Introduction: Navigation Other things to keep in mind Invest in privacy education Legal, IT, marketing, account team…. Privacy center, OBA compliance and ad serving partner It can take time: You can’t just turn in on Forecast performance Timing: Site traffic (25k-100k cookies) = could take 5 months to cume Sales volume: 90 days+ sales volume Set performance expectations Higher CTR and Conversion but lower volume Ensure cookie life 30+ Map the site (tagging IA similar to content IA) Segment your visitors, everyone is not equal Make sure you have a frequency cap in place Creative editorial calendar…and budget Plan for it to work (consider a DSP and DMP solution for long haul, creative refreshes) Plan for someone to break it Have a plan for complaints Always A/B test with creative Pre-determine the length of time for view through conversions Make sure you have a washout code in place after someone converts
  • 27. Introduction: Navigation Questions Thank you Craig Boyte: Associate Director, Media craig.boyte@frwdco.com i612 Vice President: Sponsorships @Craigboy

Hinweis der Redaktion

  1. Consumer “your about to run out” “a new catalog is coming” “final day of conference” Data What can we learn Architect for insight Architect for future
  2. Consumer “you’re about to run out” “a new catalog is coming” “final day of conference” Data What can we learn Architect for insight Architect for future