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What Is Geofencing Marketing?
Geofencing marketing is an innovative new technology for location-based advertising. Businesses can target potential customers that are physically located within certain geographic areas that they choose. These areas can be individual business (including their own or their competitor’s places of business), malls, neighborhoods, arenas, convention centers, zip codes, or virtually anywhere where their ideal customer is located.
A New Way of Location-Based Advertising
Location-based marketing is a new way of digital marketing that uses someone’s location data to deliver targeted ads. Ads can also be shown “cross-device”. This means that ads can be shown on the targeted users’ smartphones and also show on their home and work computers.
Because it can reach specific people, in a specific location with a specific offer when they are most likely to be interested in what is being advertised this type of advertising is effective.
How Does Geofencing Marketing Work?
To set up geofences, businesses define specific locations which are then mapped out with satellite technology using GPS coordinates. When someone enters the geofenced area their device ID is identified. They can now receive marketing messages, and typically display ads on major websites and phone apps. Geofencing advertising can be implemented almost anywhere.
Examples of Geofencing Marketing Campaigns
Here Are A Few Examples Of How Local Businesses Can Use This Technology To Their Advantage.
- Restaurants can target people who have previously visited other local restaurants like theirs or people that live right near their location.
- Bicycle shops can run an advertising campaign to people that have visited their competitor’s stores or have visited a park or other outdoor activity areas.
- Roofing companies can run a geofence campaign to homeowners and commercial business-specific neighborhoods or zip codes that may be interested in roofing services. We can even run weather-based campaigns by running ads in areas when hail or thunderstorms occur!
- Cosmetic dentists can show ads that have searched for cosmetic surgery or other beauty-related terms online.
- Bankruptcy attorneys can market their services to people that have visited paycheck or payday loan companies.
- Pest control companies can target homeowners in specific zip codes who may be interested in pest control services.
- Dog food companies can create virtual boundaries around local dog parts and veterinarians’ offices.
- And flooring companies can target homeowners or businesses in a specific area who may be interested in flooring services.
- Geofencing can be used to target consumers near a retail store, office building, or trade show.
- A concert promoter could geofence other music concerts where the attendees would likely be fans of the bands they promote.
- An industry convention where they are hundreds to thousands of decision-makers in a specific industry could be targeted by companies that provide services to that industry.
Why Should I Use Geofencing Technology?
Geofence Marketing is an Extremely Effective Marketing Strategy
There are several reasons why you should consider starting a geofencing marketing campaign.
First, it is a very effective way to reach your target market. If you know where your ideal customers like to congregate, you can reach them.
- Second, it can be a great way to focus your marketing. Rather than spreading yourself thin by trying to reach everyone, you can focus your efforts on a specific geo region and have a greater impact.
- Finally, it provides a great way to measure the success of your campaigns. By tracking how many people see your message and take action as a result, you will know what’s working and what’s not.
3 Benefits of Geofencing for Marketing
1. Can help businesses target customers within very specific areas.
2. Can be used to create customized messages or offers for nearby consumers.
3. Can help businesses track foot traffic and understand patterns of customer behavior.
What is a Geofence?
Where Can I Use Geofencing Marketing?
Where do my geofence ads appear?
Ads are paid for on a CPM (cost per thousand impressions) basis and detailed analytics are tracked.
Why Should I Implement Geofencing?
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Geofence Advertising
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