So you’ve got a great shopping experience on your webstore: a navigable, clean storefront; beautiful product pages; lightning-quick response time, and a shopping cart that just begs to have items dropped in it. But what about all the shoppers getting just to the brink of purchase and then, for whatever reason, falling out of the conversion funnel? An estimated 71% of shopping carts are abandoned, leaving trillions of revenue dollars on the table. Retargeting is a great way for retailers to recapture would-be conversions while their product offerings are still fresh in the minds of online shoppers.
Facebook has already capitalized on its large user base to offer retargeting ads via 3rd party providers through Facebook Exchange (FBX). Facebook is now improving upon their retargeting offering and making it more retailer-friendly with their launch of Dynamic Product Ads.