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Marketing and advertising with geotechnology is as diverse as the local or national brands doing the advertising. Major enterprises and local businesses have stepped up their location-based audience targeting for advertising. Understand the trends and jump in with big-data.
Location data, geofencing, geoconquesting: location-based technology is opening up a world of possibilities for marketers. The differences in tech can make or break your efforts. It’s becomes complicated as new capabilities emerge every day.
Let’s break down some use cases and important “geo” concepts to provide a better understanding of the basics. You are clearly considering geofencing in your bag of tricks. Why not reach out for your free portal!
The barriers to entry for powerful location based advertising have dropped, thanks to GeoFencing agencies like Traffic Oxygen who not only run highly ads but set up and optimize them with no management fees. Let’s talk about strategy concepts and get your feet wet with geoconquesting.
What Is Geofencing?
Geofencing is the practice of using global positioning (GPS) or radio frequency identification (RFID) to define a geographic boundary. Then, once this “virtual barrier” is established, the administrator can set up triggers that send a text message, email alert, or app notification when a mobile device enters (or exits) the specified area.
We call these live time proximity ads “hypermobile (HM in your Traffic Oxygen dashboard) and use satellite geofencing for our advertising.
Our technology takes it a step further: once we have picked up your target within the geofence, we can send them ads for the life of their phone. Additionally, we can pull historical data from any location in the US and create an audience to target from when and where your targets were in the geofence.
Think on that one for a minute. Where are your desired customers? A trade show last month on Friday? Your competitor down the street? Let that sink in a moment. We introduce you to your competitors customers and track when they come to your location. We’re talking geoconquesting here.
So, businesses can section off a geographic area and communicate with devices within that space — understood. But why do they want to?
How To Market With Geofencing
Geofencing is a way to engage consumers based on hyper-local location, and that can do a lot in terms of triggering immediate sales as well as understanding shopper mindset.
For example, a store could erect a simple geo-fence in an area surrounding its physical location. When users pass through, receiving a location-triggered alert or deal makes them considerably more likely to stop in and shop.
Alternatively, an auto dealer, for example, could set up a geo-fence aimed at targeting individuals who are leaving a rival dealership after browsing for a vehicle. Hitting them with an offer for$500 off a comparable vehicle with a written offer could bring new customers in droves.
Finally, even if a geo-fenced offer or notification doesn’t provoke an immediate visit or sale, it allows a business to know exactly what location a consumer passed through — and where they were when they received the message — which may aid in refining targeting efforts in the future based on what communications were most successful.
Additionally, we can see where the potential targets live; how far are they willing to travel to a competitor vs. your own company/client? We can see income levels, household size, age, sex… you’d be amazed what we can pick up. This valuable insight is used to construct and improve your geofencing advertising and marketing efforts. More insight means more conversions.
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[vc_row type=”in_container” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/1″][heading]
What Is GeoConquesting?
[/heading][/vc_column][/vc_row][vc_row type=”in_container” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/1″][vc_column_text]GeoConquesting, simply put, is the most powerful technology to disrupt local advertising in todays marketing space. Often mistaken for GeoFencing, GeoConquesting has taken a shot of adrenaline to stay in front of your target audience for the life of their phone. Even if they never clicked on your ad. Yes, I said that and you heard me correctly.
GeoFencing can offer HyperMobile solutions (sending ads to individuals within a specified location through satellite and other technology) but once your target audience leaves that location, they become a ghost. Mobile cookies have about a 5-minute lifespan, so unless they clicked on your ad, they can not be retargeted.
With GeoConquesting, simply by their physical presence at your specified location, you are able to stay in front of them with your banner ads and display ad offers. Additionally, we use cross-device technology to reach them on their home computers and tablets.
GeoConquesting to Target Customers of Your Competition
Think of the use: your client just opened Joes Coffee shop. There are 5 Xbucks coffee shops within a few miles of his location with plenty of daily coffee drinkers. He knows that if only they touched their lips to your organic brew that they would charge his shop this very instant and never look back.
Joe would want to GeoConquest (GC campaign) those Starbucks locations and send them an offer they can’t refuse. When it comes to banner ads, the power is in the offer and its ability to get the attention of the target customer. Now, Joe knows these are coffee drinkers and he knows they likely either live or work nearby. There is no confusing intent and purchasing behavior. He may decide to send them targeted ads for 30 days, 60 days or for appropriate businesses, maybe even a year.
GeoConquesting for Large Clients
Now that Joe has a steady stream of converted customers, he’s in good shape. But let’s assume you have a large client. A very large client who’s pulling in hundreds or thousands of dollars with every conversion achieved. We’ll use a Las Vegas Casino as our next example and get into some heavy lifting.
Finding individuals that like to gamble is very difficult because it is a behavior that is not specific to any type of person or group. It is a personal preference. Therefore, innovative ways to source those players is paramount to any marketing and advertising effort.
Segmented Target Audience by Demographics
Those who enjoy gaming need to be segmented into special lists to indicate they are gamers and utilize marketing dollars on the people who have the highest likelihood of playing one of your casinos and ultimately increase your bottom line.
GeoConquesting for casinos would also mean that you may want to segment your audience by their income, preference, behaviors, etc.. Did they come to gamble or see a concert? Now how can you get them to return?
We can fine-tune your audience with nearly any demographic and layer groups to target tailored messages appropriately. Your concert-goers may best respond to shows over the next year to return. The table players may want to return for a tournament. Those making over $100,000 a year would be more likely to click a free room with a $5,000 marker offer and those under $50,000 would likely respond well to a “$100 gaming chips for $50” ad.
What is Geo-Conquesting?
GeoConquesting is the ability to show ads to people who go to competitors casinos. As Marketers and Advertisors, we all wish we could plant a pixel on our competitors websites to target their traffic, right? Well, it’s kind of like that, but with physical foot traffic.
We then show them specials, offers or amenities that will attract them to your casino based on our powerful, data driven, target groups. Wouldn’t you walk accross the street for that free $50 in gaming chips or bufett BOGO? Yeah, I sure would.
We can show live ads while players are in your competitors casino to attract them to yours.
In your own casino, you may wish to drive ticket sales to an event that weekend or slot tournament. The sky is the limit; it’s your message/offer, but we get it seen by interested players.
Once they respond, we track that they showed up at your casino as a conversion. You can monitor results to see how well the campaign is runningfor your casino client.
We are able to show these ads all across the Internet wherever display ads show up. We can also do this using cross device retargeting to show ads on their laptops and tablet devices as well.
How Does it Work?
First, we determine who your biggest competitors are and place a target around the casino. We can target all of the property or segment off the gaming floors, room towers, pool, etc. and layer
We collect the advertising ID’s using a proprietary process. These advertising ID’s can only be obtained if there is an application installed on their mobile phone that we have access to.
We currently have 180,000 applications that we have agreements with including Google Maps and other very common applications. We estimate 70% of all mobile devices have an application installed that we have an agreement with.
Once we have this advertising ID, we are able to track them for the life of their phone … this Advertising ID does not expire like cookies which makes this method very powerful to be able to stay in touch with them for an extended period of time.
This can mean years. Imagine ability to retarget and draw back those who were most interested in gaming, or who enjoy shows? The possibilities are only limited by the creativity of your offers sent to these segmented groups of your most sought after customers… or their competition’s.
Once they see the ads and decide to visit your casino, we attempt to target them again to indicate we were able to conquest them from the competitor and bring them to our casino.
[vc_row type=”in_container” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ width=”1/1″][vc_column_text]We use auto dealerships as an example. Think creatively about your business and how you can utilize geofencing in a similar way.
Are you seeking after creative ways of communicating the right messages to local prospective customers via personalized advertisements? Do you need to target consumers currently looking for their next new vehicle?
In the past, car dealerships had to trust in old-fashioned strategies like street signs and shiny decorations to advertise for local clients.
However, times have changed and automotive dealers now have options through online marketing technologies and conquest ad campaigns that customize and target their data and platforms. In fact, in the modern world of digital marketing, if a dealer wants to stay in the game and not lose clients to their competitors, it’s crucial to implement solid ad campaigns.
Geofencing technology functions through the use of location data gathered by mobile devices. Essentially, a dealership can take customized ad content and send it out to shoppers when the shoppers’ mobile device indicates that they have entered the geofence perimeter area that was established.
These ad campaigns can also be targeted when a consumer is visiting one of your competitors; this way you can show them your product, special offers, or services so they have a chance to compare your brand with your competitor that they’re also considering and perhaps change their mind and head over to your store.
Geofencing uses GPS technology – through this capacity an auto dealership virtually builds a “fence” that encompasses their key area or location. This location is usually more than just the actual dealership location but it extends to nearby businesses and, most importantly, any nearby competitors. Car dealers can then use this technology to implement a targeting plan and send people who are currently within the region a predefined message on their mobile devices.
What this means for your dealership, is that you can actually engage consumers in your area and send personalized content and ads to people currently shopping for a new car.
For any auto professional who has the goal of converting more potential car buyers and increasing brand awareness, the best locations for you to target with your geofencing campaigns are other nearby dealerships as well as automobile repair companies in the area. Car repair shops are not your competitor but they are a complimentary business that could possibly send customers your way. When you design an ad campaign to target these populations through geofencing, this is what’s known as conquest advertising.
When you put up your virtual fence perimeter around your competitors and target anyone currently in their car lots, you can send them an enticing deal that just might scoot them over your way instead. At the very least, before they make their final decision they might visit or call your lot to price compare. This is a smart population to target because they’re already in the mindset of considering a vehicle purchase; in fact they’re actively looking and might be ready to purchase one right at that moment or soon. Geo-cookies are a resource also used by dealers to gather information about auto seekers in their area. Once these messages are sent out to these audiences, dealers are able to upload a list of consumers and people who viewed the geofenced ads.
Now think about your business. Can you come up with a way this would apply?
A few examples:
Lawyers target hospitals.
Chiropractors target gyms.
Restaurants target your own along with similar ones inside 5 miles.
Real Estate Agent target apartment buildings.
To talk our Marketing Director, Kendra, about any of your marketing needs!