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In today’s episode, Ivana and Raoul discuss remarketing, what it is and how you can do it well. We’ll hear about creating long-term strategies to retain clients instead of driving them away, understanding your audience, and why discounts aren’t always the answer.
Topics covered in this episode:
- How to avoid training people to wait for your discounts.
- The limiting belief that people won’t buy your product without lowering the price.
- Understanding that your business cannot grow if you offer continual discounts.
- Why the BOGO discount is the worst discount you can offer.
- Customer retention versus customer acquisition cost.
- Understanding the average customer buying cycle.
- Knowing your customer turning rate over time and how to use that data.
- Nurturing your community and building brand connection.
- How to use discounts effectively.
- Sales and attraction marketing.
- The danger of being viewed as a commodity.
- How to get your customer base involved with your product as a way of remarketing.
- What should the frequency cap be on your re-marketing impressions?
- Why you only need to be 1% smarter than your competition.
- Making user experience your number one priority.
- Humanizing products and brands to create connection.
- Why you don’t necessarily need multi-step marketing and over complicated ideas.
- Showing how your product enhances your customers life through marketing.
By Raoul van Heerden & Ivana PetrovićIn today’s episode, Ivana and Raoul discuss remarketing, what it is and how you can do it well. We’ll hear about creating long-term strategies to retain clients instead of driving them away, understanding your audience, and why discounts aren’t always the answer.
Topics covered in this episode:
- How to avoid training people to wait for your discounts.
- The limiting belief that people won’t buy your product without lowering the price.
- Understanding that your business cannot grow if you offer continual discounts.
- Why the BOGO discount is the worst discount you can offer.
- Customer retention versus customer acquisition cost.
- Understanding the average customer buying cycle.
- Knowing your customer turning rate over time and how to use that data.
- Nurturing your community and building brand connection.
- How to use discounts effectively.
- Sales and attraction marketing.
- The danger of being viewed as a commodity.
- How to get your customer base involved with your product as a way of remarketing.
- What should the frequency cap be on your re-marketing impressions?
- Why you only need to be 1% smarter than your competition.
- Making user experience your number one priority.
- Humanizing products and brands to create connection.
- Why you don’t necessarily need multi-step marketing and over complicated ideas.
- Showing how your product enhances your customers life through marketing.