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User Time on Site and Purchase Behavior
When you finally attract users to your web page, you only have 10 seconds to communicate your value proposition before they leave. Even with that, most visitors do not stay more than 1 minute on a web page. A study reported by the Nielsen Norman group explains why this is with the phenomenon known as negative aging. In a nutshell, it explains that the longer a person stays on the page the probability of them leaving will decrease over time.
Or we can put it this way. If you have read to this point, then there is a less than 2% probability of you leaving this page now. This is hopefully because you can find value in what you read.
Visitors to any site want to know as quickly as possible if the page they visited answers a question, fills a need and more. If a page is designed well then the likelihood of staying on the page also increases. Once you can surpass this harsh scrutiny then visitors are likely to stay longer.
What we can learn from this is that when re-targeting users who visited your site, exclude those who spent less between 5-10 seconds on your site. This figure will depend on the type content/ products you have. High-involvement products, for example, might require more time to asses than low-involvement products.
Refine Audience as Solution
Unfortunately, the option of refining your audience based on the exact time spent on your page is not possible with Facebook’s native advertising tools. This is why we created the refining audience tool so that our users can:
Here are some examples of the visitors that you can exclude from your ads:
In each of these examples, you limit serving your ads and spending your budget on those who are less likely to take a positive act towards your goal.
What We Have Seen So Far
And this has shown some astounding results. So far we have managed to lower CPC by 66% simply by lowering excluding visits under 30 seconds. The CTR for this same exclusion increased over 2 fold. What is even more surprising is that the ROI increased from 21 to 97.
With the refining audience tool, you are in control. You can decide which visitors constitutes as relevant audience for your needs. This will ensure that you save money as you optimize your spend to reach your goals.
If you would like to try refining your audiences, simply log in to the ROI Hunter platform to get started.