SUMMARY:
In B2C e-commerce, retargeting is the channel with the highest interaction and conversion rates. We show you how to use it effectively in B2B business.
In B2B, retargeting has rarely been used systematically. Read this article to find out how your B2B company can implement the potential of retargeting to build valuable reach for your content marketing and generate more relevant leads. We would be happy to evaluate your individual challenges in a free consultation with one of our experts. Ready to activate untapped potential? Then read the article below or contact us directly.
About Leadvolution
About LeadvolutionWith over 160 advertising setups for fast-growing startups, exciting medium-sized companies, and over 35 global market leaders, Leadvolution is one of the most experienced social media B2B marketing consultancies in Europe. Within 4-8 weeks, we build a globally scalable social media lead generation system for very specific and complex B2B target groups, generating up to 500 leads per month.
The “B2B paradox”: More than 90% of all B2B companies fail to leverage their most valuable target group
If a sales manager sees that an employee is not following up on a prospect, they get angry. On the other hand, if someone leaves the company website they have just visited, it is considered completely normal that they will never be proactively contacted again. In both cases, however, the aim is essentially to take a prospective customer by the hand and guide them toward a purchase decision. This difference in behavior is paradoxical. Technically speaking, it is now easy to reconnect with website visitors using freely available tools, and when implemented correctly, this poses no data protection issues.
Retargeting (often also referred to as remarketing, usually in connection with Google Ads) has been used successfully in the B2C sector for a long time. The term refers to the digital tagging of users so that they can be reached again at a later point in time. This can happen at various touchpoints, for example when visiting your website, watching one of your videos, or visiting your corporate social media page.
Behind these actions are a wide variety of people – including highly interested prospects who have not yet identified themselves, people who are already in the sales process, and existing customers. Retargeting is the most valuable digital target group for your content marketing – no other will deliver better performance. And not just in marketing, but also in employer branding and partner marketing, for example.
More than 90 percent of all traditional B2B companies have not yet implemented retargeting. These companies are losing valuable prospects every day. Only once retargeting has been implemented can they tag visitors and target them again with campaigns. Would you like to review your current setup? Feel free to schedule a free consultation with one of our experts here.
How exactly does retargeting work from a technical standpoint?
To answer this question, we need to take a closer look—because not all retargeting is the same. There are three different approaches:
- Website retargeting means reaching website visitors again and must be implemented separately for each advertising platform (LinkedIn, Facebook, Google, etc.). A script provided by the advertising platform is embedded in the website, which sets a cookie when the page is accessed after the user has given their consent via a consent banner or (in the case of Google, Facebook, and LinkedIn) alternatively determines the user’s ID with the respective provider. If the user is recognized at a later point in time based on this cookie or ID, you can deliver relevant advertising campaigns to them. As a result, B2B companies can then reach visitors to their website via many advertising platforms in a wide variety of formats.
- On-platform retargeting means reaching social media users who have had certain touchpoints with you, such as watching a video, following your page, or opening a form. No confirmation of a cookie notice is required for this, as the responsibility initially lies with the respective network. This means that the recognition rate is 100 percent and target groups can be built up much more quickly. In return, reach is only possible on the same platform – i.e., after someone has viewed a video on LinkedIn, they cannot be reached on Google.
- Account-based retargeting: Here, company lists, e.g., from your CRM or generated by IP analyzers such as Salesviewer or Leadinfo, are uploaded to LinkedIn Campaign Manager. Based on this data, you can then reach all users registered on LinkedIn who are relevant to you and who work at these companies.
Depending on the platform, retargeting campaigns require a minimum target group size of several hundred to 1,000 people. B2B companies first have to build up these visitor numbers, which is why retargeting can often only be used in a scalable and meaningful way in combination with campaigns to acquire new customers.
B2B companies that have not yet set up retargeting are losing valuable prospects every day. This is because they can only tag visitors and target them again with campaigns once retargeting has been implemented. Would you like to review your current setup? Feel free to contact us for a free expert evaluation.
Retargeting reaches all purchasing decision-makers on the customer side with 50-100x greater reach than any email newsletter.
Many B2B companies lack a workable concept for reaching prospects in a scalable way beyond email and phone calls during the customer journey. Even if they have a well-maintained CRM (which is usually not the case), companies often only know a fraction of the people involved with the customer personally and have their contact details. The other people, who are equally important but unknown to the company, cannot be communicated with at all via traditional channels such as email and telephone.
Retargeting offers the perfect target group for “always on” communication:
- 50-100x higher reach than any newsletter, without the need for double opt-in
- Much higher visibility, as the content does not have to be opened first, as is the case with email
- 100% automated delivery
- Exciting, multimedia content formats
- High ad contact frequency of, for example, once a week is no problem – try that with email or, even better, by phone
With retargeting, you can reach the relevant decision-makers at active companies in your CRM (the so-called “buying center”), as they have usually either visited your website or interacted with your social media content. Alternatively, you can even proactively target all relevant job positions/functions at your existing CRM companies via LinkedIn Matched Audiences (account-based targeting), even if they have not visited your website.
Retargeting is therefore the perfect channel for cross-selling and upselling and can generate attractive additional revenue in the service sector. This is particularly true in periods of low investment, when fewer new machines are being purchased. We would be happy to send you a case study in which we used a retargeting approach for a leading mechanical engineering company to generate over €4 million in potential service revenue with a LinkedIn campaign.
Retargeting offers attractive forms of content advertising across many exciting digital channels.
With a small media budget of just a few hundred dollars a month, you can use retargeting campaigns to proactively reach a highly attractive target group that is usually many times larger than your newsletter audience. The unique quality of the target group will significantly increase the relevant reach of your expensively produced content and lead to a noticeable increase in the number of leads.
Depending on the occasion and your goal, you can choose from a wide variety of digital advertising platforms with many attractive content formats, such as:
- LinkedIn (sponsored posts, newsfeed ads)
- Facebook / Instagram (sponsored posts, newsfeed ads, chat)
- Google Display (ads on websites)
- YouTube (content videos and trailers)
- etc.
A wide variety of content formats can be selected to achieve different effects, from trust & brand (testimonials, case studies) to education (webinars, expert articles) to lead generation (lead ads).
Retargeting has long been standard practice in terms of data protection
A common question is, “Is this allowed under data protection laws?” The answer is “yes” – provided you formulate your privacy policy clearly and implement the cookie notice (the information window that initially informs users about the use of cookies on websites) in such a way that retargeting scripts are only played after the user has confirmed their acceptance. “On-platform retargeting” and “account-based retargeting” are not an issue anyway, because either the data remains on the respective platform (“on-platform retargeting”) or no personal data is transferred at all, only company names (“account-based retargeting”).
In B2C companies, retargeting has been common practice for several years and is used without further discussion – even though case law is significantly stricter in the B2C sector than in the B2B sector. Paradoxically, concerns about its use are generally much higher in the B2B sector.
Simply request a free consultation with an expert:
We work with you to evaluate individual retargeting target group potential and possible complementary content approaches for lead generation for your company.
+ One of Europe’s most experienced marketers for social media B2B lead generation
+ Over 100 marketing setups for fast-growing B2B startups and over 20 global B2B market leaders
+ Founder and CEO of Leadvolution
+ Co-author of the OMR / Online Marketing Rockstars Report “LinkedIn”
+ Official B2B marketing guide and speaker @Online Marketing Rockstars
+ Marketing & growth mentor at numerous high-profile startup accelerators (e.g., Google, Microsoft, Axel Springer, Telekom, etc.)
+ Serial entrepreneur with over 20 years of experience in the digital sector and leadership positions in media companies (e.g., Tomorrow Focus, Gruner+Jahr, etc.)