Remarketing and retargeting are often used interchangeably but there are some important differences.
Here at Stannp we’ve seen and over again how Direct Mail remarketing can deliver fantastic results for our clients; here’s our guide to how it works.
The statistics vary somewhat depending on the which study you are looking at, but all of the research arrives to the same conclusion; The vast majority of first time visitors to your website (96-98%) leave without taking any action.
That leaves on average just 2-4% of your web traffic completing a useful action (making a purchase, downloading your ebook or guide, etc.)
This is where the idea of retargeting comes in; retargeting is the process of tracking and following those website visitors who haven’t taken an action, and serving them with adverts on other websites they visit, designed to encourage them to re-visit your website.
Retargeting is built on cookies, which are pieces of code dropped by your website into the browser on the device (computer, tablet, phone etc.) of your website visitor.
When that visitor visits other websites your cookie places your banner adverts on those sites, with the intention of encouraging them to ‘click through’ and return to your website.
Smart marketers are finding there are a number of issues with retargeting, and are switching to a more effective and sustainable strategy of postal remarketing to re-engage with people who have recently demonstrated interest in their brand.
There have been a number of changes in legislation and culture in the last few years that mean that display advert retargeting is becoming less and less effective. These changes include;
All together these changes have decimated the effectiveness of display advert retargeting; When display adverts were first launched in 1994 they had click through rates of over 40%; according to Wordstream the average click-through rate for display ads is now just 0.47%, and other studies measure the rate as low as 0.06%.
This means that for every 10,000 people who see your advert, you can expect that only between 6 and 47 of them will click on that advert to go through to your website.
Both retargeting and remarketing are built on the realisation that it is far easier and more cost effective to nurture existing interest than to try and create new interest.
However, while retargeting is all about serving digital adverts online, Direct Mail remarketing works by collecting user information and then sending those users targeted, relevant direct mail offers in the post.
The different methodology of remarketing also means that you can incorporate additional data sources rather than just dropping digital cookies. For example you might include potential customers you have spoken with on the phone, met at an event, or connected with on social media.
You can also remarket to your previous customers, which is especially useful for reactivating customers who haven’t purchased from you for a while, and you can also use remarketing to ‘up sell’ additional products and services to engaged and spending customers.
According to Invesp it costs 500-1,200% more to acquire a new customer than retain an existing customer, and the probability of selling to an existing customer is 60-70%, whereas the probability of selling to a new customer is 5-20%. Direct Mail remarketing to your customers is a cost effective way of growing your business.
Setting up your Direct Mail remarketing campaign with Stannp is very simple (and don’t forget our friendly and helpful team are just a phone call or email away, and also available on live chat on our website).
You certainly can! You can integrate your Stannp account with websites, CRM systems and many other Apps.
We have pre-built integrations for Woocommerce, Magento 1, Magento 2 and Prestashop which are available for anyone to download and use.
We also have a pre-built integration for Zapier; an awesome automation tool that connects your Stannp account to your favorite apps like Gmail, Slack, MailChimp, and over 1,000 more. You can connect two or more apps to automate repetitive tasks without coding or relying on developers to build the integration.
The Stannp platform is built on REST API and allows you use API calls and webhooks to integrate your website, CRM system, database etc. with your Stannp account and trigger personalised direct mail pieces in real time.
Want to see it in action? our 51 second short film is a great example of how API Direct Mail remarketing works for an online retailer;