Once you hit product-market fit a lot of the growth challenges lay in getting customers to remember your brand. This is especially true when you are in a crowded space with competitors that have similar product offerings.
Some differentiation can be made through branding efforts, but it usually comes down to if potential customers remember your company at a time when they are ready to buy.
Wired recently featured an interesting graph that showed the likelihood of people remembering a topic based on how many times they received a reminder.
While the study that the graph is derived from has more to do with memorization, there are definitely some potential marketing applications for the data.
Using this graph goal, there are tactics that you can use to increase the chance that a customers remembers your product when they are ready to buy.
Retargeting ads are a great medium to use to hack the forgetting curve. This is why they are so prevelant for companies in nearly every industry or niche.
The best way to use retargeting ads in this capacity is to segment your users based on intent. The users with high intent should be seeing your ads more frequently.
Determining intent can be done in a few ways. A common best practice is to assign values to certain pages and target users that view them. Ideally, these pages are close to conversions.
That can mean either feature or signup pages for SaaS companies, individual product pages or shopping carts for e-commerce website or contact pages for service related sites
Email Drip Campaigns
Once you have a potential customer’s email address you have the opportunity to build a relationship with them and nudge them back into considering your product.
By setting up a short automated email sequence you can reduce the chance of these customers forgetting about your product by up to 80%.
I have had the most success with these types of campaigns by maintaining a conversational tone while providing small purchasing cues. These cues can talk about success that previous customers have had via testimonials, benefits of your product or FAQs, or triggered discounts
There are a bunch of providers for email campaigns like this. MailChimp, Vero and Campaign Monitor are a few that have features that enable a lot of customization.
Content is an opportunity for companies of all shapes and sizes. If your company routinely puts out engaging, industry specific content you can reach potential customers without directly selling.
Buffer does an outstanding job with content marketing and is one of the main channels that has been fueling their outstanding growth.
By maintaining this thought-leader relationship with potential customers you will have multiple touch points and stay high on the likelihood of memorization curve.
These three tactics can help your company stay on the winning side of the forgetting curve. Putting in the extra work to have more touch points with potential customers can be the difference between growth and sending out a ‘we’re shutting down’ email.