{"id":31326,"date":"2018-05-31T16:04:54","date_gmt":"2018-05-31T14:04:54","guid":{"rendered":"http:\/\/52.31.238.78\/?p=31326"},"modified":"2020-04-02T16:54:27","modified_gmt":"2020-04-02T14:54:27","slug":"2-key-strategies-that-will-help-you-get-the-most-out-of-your-mobile-geofencing-campaign","status":"publish","type":"post","link":"https:\/\/www.t2o.com\/en\/ideas-en\/2-key-strategies-that-will-help-you-get-the-most-out-of-your-mobile-geofencing-campaign\/","title":{"rendered":"2 Key Strategies that will help you get the most out of your Mobile Geofencing Campaign"},"content":{"rendered":"

2 Key Strategies That Will Help You Get the Most Out of Your Mobile Geofencing Campaign<\/strong><\/h1>\n

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In an era where cell phones work as our encyclopedias and yellow pages, how can your business capitalize in reaching precise locations instead of using the standard geotargeting strategy based on a user\u2019s geographic location? Geofencing uses technologies like iBeacon, GPS, or even IP addresses to determine a device\u2019s physical location, and with improvements in GPS technology in every smart phone, geofencing has become highly accurate throughout the years. There have been a diverse range of industries adapting and utilizing geofencing marketing technology to stay one step ahead of the competition. According to an industry report<\/a> by Global Market Insights, the promotion and advertising solutions industry held a dominant position within the geofencing market with a market share of over 30% in 2016 and will continue an upward trend. The enabled shared location we set in our mobile devices to use a GPS enabled application to navigate to a night outing or to enable geofilters that makes us look like emojis are some examples that our mobile devices can always be pinpointed. \u00a0So how exactly can your business leverage this ad technology to reach your target audience that\u2019s constantly glued to their mobile devices? Let\u2019s looks at two geofencing strategies we can utilize to make sure we are top-of-mind in a costumers\u2019 journey.<\/p>\n

Event Targeting at Special Events<\/strong><\/h2>\n

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Geofencing allows advertisers to serve ads to people based on their physical activities and the places they visit. Let\u2019s say you\u2019re an energy company that had planned to attend the Offshore Technology Conference (OTC) to exhibit a ground-breaking innovation to industry peers, but due to booth availability at NRG Park you weren\u2019t able to attend. By running an event targeting geofencing campaign, you\u2019ll be able to target attendees in this very important conference with the goal of generating professional contacts. This strategy can be done by tracing a virtual geofence around NRG Park. Once their mobile device enters the virtual geofence, a display ad could be served to them during the event and could even be targeted after they leave. A key tactic to win with this strategy will be to personalize a message that can resonate with a potential client. Your display ad can include an OTC relatable image along with your call to action, catching the eye and resonating with your target audience. Targeting after the event is over is almost like following up after an initial introduction, which can bring in lots of opportunities. Not to mention, most business cards do not have a click through URL that will send them to your business page.<\/p>\n

Geofence Conquesting at Competitor Locations<\/strong><\/h2>\n

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Geofencing not only allows you to target one location at a time, but you\u2019re able to target multiple locations at once. Let\u2019s say you\u2019re a furniture store competing with other local furniture stores in town. The potential customer has been researching online for bedroom sets, but like most shoppers they would like to see bedroom sets in person before a big purchase. You might have similar products that a customer is looking for, but ultimately the consumer will end up striking a deal where they feel they\u2019re getting the best deal. The best strategy to compete for this client will be to target users who have visited competitor\u2019s locations. This strategy is executed by tracing a virtual geofence around all the other furniture stores in town. By knowing where a potential customer currently sits in the purchasing funnel, you\u2019ll be able to tailor ads with a strong call to action on why they should visit and buy from your store. The key tactic is to attract customers by offering a promotion or a key differentiator discovered from a competitive analysis even after they have left a competitor\u2019s store. This geofencing strategy can be very powerful, since you\u2019ll be able to target visitors for up to 30 days from when they arrived at the competitor\u2019s locations.<\/p>\n

Tracking Conversions<\/strong><\/h2>\n

The insights you may acquire from geofencing campaigns can help you attribute online-to-offline conversions. This is done by adding Conversion Zone(s) in your geofencing campaign, which in most cases is an advertisers store location (in the case above your furniture store). When the user enters the Conversion Zone with their mobile device, the Conversion Zone recognizes the user from when they were served an ad (either at the competitor location or after they left), and attributes their visit as an offline conversion. If your goal was to see who may have converted by walking into your furniture store, you\u2019ll find this in your geofencing campaign report. Let\u2019s say you pull a report and see that people who went to X furniture store also went inside your store, this will be attributed as an offline conversion. This is very powerful since your ads are potentially being served even after they leave your competitor\u2019s stores, keeping you top-of-mind if they decide to check your offer.<\/p>\n

Conversion reporting includes:<\/h3>\n