Earlier this week I mused out loud about retargeting, suggesting that perhaps it’s time for marketers to not just chase folks around the web in hopes they might irritate us into submission, but rather offer us the chance to politely say “Not right now, thanks.”
One of Searchblog’s readers turned out to be Josh McFarland, CEO of remarketing startup TellApart. He marshalled his team and within 24 hours had a working prototype integrated into his service. Here’s how it works, in his words:
Hi John –
As promised, here’s our v1.0 of the functionality you described. If a user mouses over the [X], it will highlight in red:
Clicking on that [X] will disable remarketed ads from that advertiser, reloading the ad with a message that further allows the consumer to opt-out of TellApart targeting altogether (industry best-practice functionality):
This is now live for all TellApart Diapers.com ads, with the exception of 10% of the users which we use as a control baseline (to measure effects on CTR, conversion rates, etc.)
I applaude McFarland’s ability to quickly iterate and act on what he judges to be good input.
And he acknowledges, this is just version 1.0 of the functionality, executed within 24 hours of my original post. McFarland says he plans to add a lot more features. I think that’s needed, for both marketers as well as consumers – conversation is not just yes/no or off/on, and McFarland gets that.
From a follow up email exchange:
Here’s what we’re working on next, and we’re right in line with your thoughts:
1) Option of pausing the ad for the remainder of the time we predicted the user to be in-market for that retailer — instead of a straight, permanent opt-out.
We named our display ads application “Transactional Retargeting” in a nod to the fact that someone is in market for an item (our clients currently are pure-play e-tailers) for a limited window (5-12 days depending on the retailer’s avg consideration cycle), and most people leave a site without buying and never return during that window. Our job is to present those otherwise lost users with compelling ads (and sometimes offers) to get them to click back and transact… Transactional Retargeting drives higher conversion rates and incremental sales. This also means we only show users ads during those same 5-12 days. This modified “pause” functionality will allow users to stop ads for now but gives the merchant the ability to reconnect in the future.
2) Allowing more feedback as to why the user didn’t like the ad (a la Facebook)
3) A link to a much more informative page (about remarketing, TellApart, etc.) – which we are designing now.
One thing we have to balance, however, is the need to have the consumer rapidly choose one of three paths with the display ad: click through, ignore, or decline. Whereas other providers get paid for building overly complex ad widgets (with tabs, text content, tiny scrollbars, even purchase completion within ad), our goal is to definitively drive the user back to the retailer’s full site where they can re-engage with and complete their purchase.
Our business model couldn’t be simpler: we get paid a percentage of revenue for sales that result from a click through on a TellApart ad. That is the only way we make money. No sham view throughs or cost-per-ad-engagement; we drive clicks that convert. As ex-Googlers, it’s our DNA to start with a very hardcore DR approach, because when we can prove our system works under even the most brutal scrutiny (e-retailers managing ROI down to the penny), it will work for everyone (audience buying, brand campaigns, seasonal promotions, etc.)
Impressive. Expect more from TellApart soon, follow the company’s moves here.