Yes, You Can Boost Sales With In-Market Audiences (Here Is How)

• Updated on: 2018-03-06
• Read original article here

If you’re not familiar with in-market audiences, they’re a targeting method that you can use in your Google AdWords campaigns.

Truth be told, you can also use them on Bing, but we’ll focus on Google here. The concept is the same with either platform.

There are many reasons to run ads. Sometimes, you want to build brand-name awareness. Other times, you’re promoting a sale.

And sometimes you want to land customers right away.

It’s that last group of people that you’re usually targeting with in-market audiences. They’re the folks who’ve shown an interest in what you’re selling and they’re happy to open their wallets and make a purchase.

But how can you find those consumers? That’s the beauty of it:you don’t have to find them because Google has already found them for you.

Google tracks the browsing habits of its users. It will determine that people who are clicking on product ads, browsing related websites, and researching prices are in the market (“in-market”) for that product.

If you happen to be selling that same item and you run an AdWords ad targeting in-market audiences, then Google will show your ad to those very same people. That’s how you’ll reach potential customers at the lower end of the sales funnel.

For example, let’s say that you’re running an online florist. You run AdWords ads promoting your flowers that target in-market audiences. Google will show your ad to people who’ve recently clicked on flower ads and frequently visited other online florists.

Watch this video to learn how it works.

Keep in mind: Google identifies people who are interested in a particular product or service based on the ads that they’ve clicked and the websites that they’ve visited. So you can expect to face competition when you target in-market audiences.

That’s why your ad, landing page, overall marketing message, and product itself must be superior to that of your competitors.

Part of the reason that some people fail when they target in-market audiences is that they don’t realize that they’re squaring off against ads by competitors. They think that a “standard” marketing message will increase sales because they’re reaching people who are ready to buy.

Although in-market audiences are prepared to make a purchase, they’re also getting hit with marketing messages from other companies. Additionally, they might see ads from competitors who are also targeting in-market audiences.

So the first piece of advice you need to understand is this: if you’re using in-market audiences, you probably need to make them an offer they can’t refuse.

We’ll look at specific strategies to use with in-market audiences a little later.

In-market audiences aren’t new. They’ve been around since 2013 for display and YouTube ads.

We highly recommend them for YouTube and display.

However, they gained quite a bit of attention just last year when Google announced that it wasextending in-market audiences to search campaigns.

So in addition to the signals mentioned above, Google will also determine who’s in-market by looking at a person’ssearch history.

To continue with the previous example, if Google sees that somebody is searching for “send flowers,” that’s a pretty strong indication that the person is ready to buy flowers.

Of course, you could always run an AdWords ad that targets that keyword. However, you can’t target search history with keywords. That’s how in-market audiences stand out.

Do in-market audiences work for advertisers who use them? The reviews are mixed. Based on my own experience, yes. However, you really need a niche audience with the right intent, a good ad and landing page. 

If you read around the web, some marketers have seen significant returns. Others don’t have much success.

As we’ve seen, though, there are strategists who underestimate the extent of the competition when they’re using in-market audiences. As a result, they get outbid by industry peers.

There does seem to be a broader consensus that in-market audiences are ideal forretargeting.

If you’re unfamiliar with retargeting, it’s a way to reach people who’ve already connected with your brand. Usually, those folks visited your website and didn’t make a purchase.

Fortunately, AdWordsoffers retargeting. Even better: you can use it with in-market audiences.

If you opt for that strategy, you’re getting a twofer. You’re reaching people who’ve already expressed an interest in your brandandthey’ve recently shown an interest in purchasing what you’re selling.

Put those two ad strategies together and you’ve got the potential for an outstanding conversion rate.

That being said, just because people say this around the web doesn’t mean its true.

Based on our own marketing, and marketing for top clients, I can tell you our results have been excellent.

If you’re sold on the idea of using in-market audiences, then you need to set up an in-market campaign in AdWords. That’s easy to do.

Start by signing in toyour AdWords account. Click on “Audiences” in the menu on the left-hand sidebar.

On the main screen, you’ll see a table that includes all of your defined audiences. If you haven’t yet defined any audiences, the table will be blank.

Click on the plus sign next to the word “AUDIENCES” at the bottom of the table. That’s how you create a new audience.

Click on “Select an ad group.” Then, select a campaign and ad group from the list that appears.

In the table below, select the type of audience you want to create. In this case, select “In-market audiences.”

Once you select “In-market audiences,” you’ll see a drop-down of checkbox items that you can click. Those are the different in-market audience categories.

You’ll also see that some of those categories have subcategories. Select the category and subcategory that’s best suited to your business model.

For example, if you’re selling flowers, you would select the “Gifts & Occasions” category and the “Flowers” subcategory to target people who are looking to send flowers as gifts.

Google has offered a couple of best-practices for advertisers who want to be successful with in-market audience targeting.

First, you should avoid using some of the other targeting options within the same ad group and campaign.

For example, don’t target by keyword at the same time that you’re targeting in-market audiences. Instead, set up a separate ad group for the keyword targeting.

That’s also a great way to conduct some split testing. After a while, take a look at the performance of your ad group that targets in-market audiences versus the performance of your ad group that targets by keyword. If you find that one is giving you a much better bang for your buck, divert more resources to that strategy.

Next, if you’re focused on direct response, you should use cost per acquisition (CPA) bidding instead of cost per thousand impressions (CPM) bidding.

If you’re unfamiliar with CPA bidding, it’s a strategy that’s designed to maximize your sales. It optimizes your bids to get you as many conversions as possible.

Keep in mind, though, that CPA isn’t always the best strategy. You have more control when you set your own bidding rather than letting Google use its machine learning algorithm to determine the bid that’s best for your ad.

Even the best online marketing efforts require constant analysis. In-market targeting is no different.

Once you’ve launched the campaign, monitor your analytics. Fortunately, Google AdWords gives you all the info you need to determine if your marketing efforts are bearing fruit.

Your top-line sales growth number will also help you gauge the success of your campaign.

If your in-market campaign doesn’t seem to be giving you a high return, you need to find out why.

Start by looking at your click-through rate (CTR). If that number seems lackluster, then your ad isn’t reeling them in. You probably need to update your copy with something more potent.

On the other hand, if you’re getting a decent CTR but can’t close the sale once people reach your site, then that points to a problem with your landing page.

Also, check out yourQuality Score. If it’s on the low side, your ad might not be showing that much. Make it a point toimprove the score.

As we’ve seen, once you’ve selected “In-market audiences” as a targeting option, you haven’t selected everything. Next, you need to select the type of audience you’re targeting.

Here are the categories of audiences that you can target:

Each category also has one or more subcategories. Some of those subcategories even have sub-subcategories!

It’s important to drill down to the level that’s best-suited to your target market. If you pick a category that’s too broad, you risk wasting money on clicks from people who aren’t really interested in what you’re offering.

Now, let’s put this where the rubber meets the road by looking ways to use in-market audiences in your online advertising.

If you’re under the impression that you can just create a campaign and launch it with an in-market audience, you’re wrong. You need to craft the ad copy so that it appeals to people who are ready to make a purchase.

Before we go over successful copy strategies, though, let’s first look at how you should prep people in your target market before they even reach the lower end of the sales funnel.

The first thing you should do is invest some of your marketing dollars in brand-name awareness campaigns.

Why? Because that gives you a better shot with in-market audiences later on. People who see your in-market ad will already know about your business.

That’s yet another reason why some brands fail when they use in-market audiences. They don’t “warm up” the people in their target market beforehand.

In-market audience targeting isn’t a standalone magic bullet that’s going to land you some quick sales. You should use it as one component of a much larger comprehensive marketing strategy.

Next, it’s time to look at specific types of ad copy that will help you close the sale with in-market audiences. The first is one called the Don LaFontaine model.

You might remember Don LaFontaine. He was the famous voice actor who narrated more than 5,000 movie trailers.

In many of those trailers, he started off with the phrase: “Imagine a world…” In fact, he did that so many times it became a running joke after a while.

One great way to target in-market audiences is with an ad that tells them to “imagine a world.”

You’ll do that with a before and after picture. Use the headline to describe what their world is like right now and then tell them how your product can make it much better.

For example, let’s say you’re running an e-commerce site that sells fitness equipment. In your current campaign, you’re marketing to people who are looking to buy a treadmill.

Further, your market research indicates that most people who want to buy a treadmill are doing so because they’d like to lose weight.

In that case, you’d target the “Fitness Equipment & Accessories” in-market audience. Run an ad with a headline like: “Lose 11 pounds in one month with our treadmill!”

Use the description or second headline to validate the claim: “Our customers did it in just 33 minutes a day!”

You’ve probably seen ads like that on TV or around cyberspace. That’s because they’re effective.

What you’re doing with that kind of ad is telling overweight people who are looking to get in shape to “imagine a world” where they lose 11 pounds in a month with limited exercise.

Also, note the use of odd numbers in the ad copy. Instead of 10 pounds, it’s 11 pounds. Instead of 30 minutes a day, it’s 33 minutes a day.

That’s intentional. When you use odd numbers, you give your stats a little more credibility. Just make sure you’re telling the truth.

The Don LaFontaine strategy is successful for in-market audiences because it’srelatable. People who are shopping for the product you’re selling can identify with the message. That’s likely to give you a good CTR.

Legendary copywriter David Ogilvy used to say that if you want to sell fire extinguishers, lead with the fire. His point was that you should identify the problem up front, agitate people about it, and then present your product as the solution.

It’s an ad copy strategy that’s very similar to the one we just looked at. In this case, though, you’re trying to create some negative emotion.

For example, if you’re promoting treadmills to an in-market audience, run an ad with a headline like: “Sick of fad diets and counting calories?”

The word “Sick” at the beginning of that headline is significant. It agitates people who aren’t successful with their weight loss efforts to date.

In that same ad, you’d present your treadmill as a way to lose weight with minimal effort.

It’s also important that you use your landing page to continue the agitation process. Include copy like: “Are you frustrated with low-carb diets that keep you from enjoying great food but don’t pull any inches off your waist? Sick of counting calories while your weight stays the same?”

After a few paragraphs of that kind of agitation, swoop in like a white knight with your product and save the day.

A great way to seal the deal with a potential buyer is to let a brand evangelist do all the talking for you. Find a satisfied customer who’s used your product and let him or her write your ad.

For example, run an ad with a headline like: “How I lost 11 pounds in one month.” Then, add this in the second headline: “And I lost 7 pounds in the second month!”

Those numbers seem realistic. The verbiage is also person-to-person rather than salesman-to-person.

On the landing page, just include the testimony of somebody who, in fact, lost 11 pounds in one month and 7 pounds in the second month. Let that person explain why your treadmill is a great buy for people who want to lose weight.

Then, add a compelling call to action at the bottom. Sprinkle it throughout the copy as well.

Unfortunately, competitors will also run treadmill ads to people who want to lose weight. That’s why you’ve got to stand apart.

What makes your treadmill better than the treadmills your competitors are selling? Does it cost less? Is it more portable? Does it burn more calories? If so, how?

As we’ve seen, the competition is going to be at cutthroat levels when you target an in-market audience. You need to up your marketing game by advertising a unique selling proposition (USP).

If you’re already using AdWords without in-market audiences, then you’re probably targeting people who search for keywords with purchase intent such as “treadmills on sale,” “buy a treadmill,” or “shop treadmills.”

If you’ve come across some successful ad copy when running ads for those keywords, there’s no reason to believe that the same copy won’t work when you target in-market audiences.

So if you’re at a loss as to how to begin, use what already works.

In-market audiences give you an outstanding opportunity to reach people who are ready to buy your product. If you haven’t yet launched an AdWords campaign that targets an in-market audience, why not do so today?