However, a common practice with remarketing is to go after anyone and everyone. This reduces its effectiveness and makes it more expensive. Instead, begin with segmentation based on the engagement information you have. By using AI & ML algorithms you can do complex combinations to find and target segments with a high chance of converting.
Here are 3 remarketing segments worth pursuing:
- Start by looking at ‘cart dropouts’ because they have shown an intent to buy.
Ideally, you should target them using the products/categories they put into their cart. - Consider the amount of time spent on your site.
Create the following graph: - X-Axis: Time spent on your site
- Y-Axis: Conversion Rate
- There will be a point where the conversion rate increases considerably. Use the ‘time spent’ at this point to create an audience for targeting.
- Google Analytics has metrics for conversion probability. Create a remarketing audience whose probability to convert is greater than 50%.
Use Alavi and Scale Without Fear
Developed for small and medium businesses, Alavi is a martech application that performs predicative analytics on your customers’ behavioural data. By combining AI, machine learning and automation, it helps digital marketers better understand their audiences, improve their targeting, and scale confidently profitably.
Alavi has a proven record of helping brands in a variety industries grow their revenue online. It has a very short time-to-value and is easy to setup and use.
To contact us,
Please email thamaliw@alavi.ai
