4 retargeting tips to keep users hooked
Senior Content Manager
Aug 6, 2019
As CPIs increase, and bidding becomes more competitive, marketers need to consider retargeting as a viable alternative. When this happens, a marketer’s mindset shifts from wanting to bring everybody in the world to their app to a pragmatic approach that focuses on high-quality users. Some marketers may still be wary, based on past failures in retargeting campaigns, or from poor performance overall. To avoid these pitfalls, here are four retargeting truths that clear up the misconceptions, providing you with more insight into how to successfully run retargeting campaigns.
Use event tracking to find the key conversion point
To make sure your retargeting campaign is well-informed and hyper-relevant to the user, you need to track your app’s most significant events. For example, let’s say you have a gaming app. Your analysis reveals that most users who complete level 3 will continue playing all the way to level 10. However, users tend to drop off once they’ve completed level 2. You can use your analysis to set up campaigns that retarget users who have completed level 2 but haven’t made it past level 3 — the key conversion point that will give you the best possible ROI.
It’s not all about installs: Retargeting efforts must align with team goals
When setting up retargeting campaigns, it’s imperative that you align them with the KPIs of your company. If your KPIs aren’t tied to your company’s internal goals, you may be overvaluing the success of a campaign or even undervaluing campaigns that could be scaled up.
A focus on installs often obstructs marketers from seeing how their campaigns contribute to the company's meaningful targets. Rather than focusing on the number of installs a campaign brings in, you could try setting a revenue target as your key KPI. If you focus on installs, you’re only incentivized to hit that target. The goals of the marketer needs to align with the overall business, which comes down to generating as much revenue as possible.
When defining key events for retargeting, less is more
Clients often turn to us to gauge which in-app events to set up. I often take a look at different types of apps and see what it takes for me to convert, then relay that information to the developers to advise which events are the most useful. The only events they really want to track are those which are profitable, so we try to pinpoint two or three key events as opposed to setting up 20.
Some app developers might set up 50 events or so. Though it sounds beneficial, this can result in an overabundance of data, which makes certain events seem bigger, or smaller, than they are. This stops marketers from optimizing the most valuable conversions in their funnel. If you have 50 events, you might believe that 15 of those convert better. But focusing on 15 events is a lot of work for your marketing team (and isn’t really focused at all). Instead try to focus on 10 events, and then limit your analysis to one or two key events to focus on at a time. Always drill down to as few events as possible, and improve the conversion funnel from there.
Narrowing down events isn’t easy, but it’s worth it. When you first venture into retargeting, prioritize events that happen at the beginning, such as “registration” and “add to cart.” Generally speaking, marketers initially need to understand what users do when they first get into the app, as opposed to focusing on Day 30 LTV right from the start.
Ad campaigns aren’t the only way to retarget users
Use other retargeting methods to strengthen your arsenal and help you find the best experience for returning users. For example, you can use retargeting data to send push notifications to users with tools like Braze, CleverTap or LeanPlum. If you’re at the stage where you’re considering push notifications, you can use the data Adjust collects with our Audience Builder to keep users engaged. Push notifications aren’t free, but they are cheaper than ad campaigns and can be a great way to remind users to return.
These kinds of automated processes will help you push forward with your KPIs. It’s also helpful to consider best practices from Remerge, an app retargeting network, which is also bullish about the importance of harnessing machine learning and other technology to streamline campaigns and improve results.
If your goal is to achieve maximum scale and best performance, then Remerge says “it’s crucial to choose a partner that is streamlining the process by replacing all manual processes with technology to make things more efficient.” This includes dynamic audience segmentation, which, Remerge says, “saves you the work of segmenting users manually and — more importantly — excludes your users in real time.”
So, what have we learned?
- Zero in on the right events: Some will matter more than others, so find out where your users lapse, and leverage retargeting as a way to bring them back.
- Align your goals: Don’t waste time on retargeting if your work doesn’t match company goals.
- Less is more: Don’t focus on hundreds of events. Instead, pick 10, then focus on two or three to optimize at a time.
- Retargeting isn’t just ads: Make use of push notifications to amplify your message. Also, choose the right networks who specialize in retargeting to avoid wasting budget.
Want to learn more about retargeting? From our retargeting guide to blogs on Audience Builder and the real stats behind retargeting vs. new user acquisition, we have plenty of resources for you to read up on..