Advertising at an event is expensive and has a very short lifespan. Geofencing provides marketing opportunities to target fans at the event and when they leave.
Copley Advertising can tag all the smartphones at any event or concert. Let’s say that the New York Knicks are playing at Madison Square Garden. We would tag all the smartphones at the game. An ad can be placed on each phone. If the users clicks on the ad their ID is placed in a retargeting folder for future marketing.
Geofencing is highly targeted, and due to the lower CPC, the ROI of each marketing dollar spent is 2x to 5x greater than traditional marketing. The key to location marketing is that you are reaching your demographic in a set area. Copley Advertising can break down the demographic for any event. If the event fits your buyer persona we can geofence the event. You have now captured your customer and have the ability to continue to serve ads to them after the event is over. Copley Advertising can follow a sports team or music act across the country. We are able to reach your demographic in each location.
Mobile marketing campaigns launched using mobile geofencing can be automated. The only variables that need to be entered are the location and date/time of the targeted event-goers. Copley Advertising optimizes the campaign in real time. We drill down to app placement, creative click thru, OS, and SSP networks. As the campaign continues it becomes effective and efficient.
By mobile geofencing an event you can place offers that will drive ticket holders to your store or restaurant. “Come after the game and get $5 off!”. If the client geofences a team during every home game they will train the fans that their destination is a must after each game. They become an important part of the event’s marketing without paying the huge event markup.
If you look at the crowd during a sporting event or concert you will see a sea of people on their smartphones. Now imagine for a small marketing budget they are seeing your ad. You didn’t have to pay for the overpriced in-stadium signage. And you can follow your demographic home and continue to deliver ads to them after the game.
Questions? email@example.com. (617) 651-2249.
The implementation of geofencing in car dealership’s marketing programs has been talked about for some time now, but it’s only in recently that the technology has allowed programs geared to the car and truck industry. Geofencing uses GPS/RFID technology to create geographic boundaries. When a mobile phone enters the target area the desired the phone is tagged and Copley Advertising has the ability to place ads on the smartphone.
The mobile phones of users would be targeted when they enter the auto dealerships. The customers will be informed of the top deals that they might have missed and special mobile offers. The sales team may not have enough manpower to attend to every single customer that walks in, but mobile geofencing ensures no customer is left without a pitch being made.
The most powerful program for auto dealers is geo-conquesting. Copley Advertising can geofence all competing car dealerships and tag smartphones in the dealership. As customers are on the smartphones they will see your ad. Call to Action creative can include weekend only rebates and call before you buy. Plus if the tagged user engages with the ad we can capture their ID and place it in our retargeting folder.
Marketing campaigns can also be launched to targeted neighborhoods that are within close proximity of the auto dealerships. A seven-mile geofence around each dealership is recomeneded as over 80% of the dealership customers live within seven miles of the dealership.
Geotargeting also allows a car dealership to target customers based on demographics. For example, used cars might be targeted to students living on a college campus, whereas family based neighborhood advertising an SUV might make more sense.
The targeted nature of geofencing allows car dealerships to place themselves on the map without putting a big dent in their spending budget. Email us at firstname.lastname@example.org to learn more about Copley Advertising geofencing programs for car dealerships.
Excitement bubbles through your veins. You’ve spent months perfecting your product. Now, it’s time to present it to some of the leading retailers and angel investors at a trade show. Reality hits. Thousands of other startups are also trying to grab the attention of these instrumental people. You have to find a way to lure them in…a way to stand out and get them to pay attention. Geofencing is your answer. The following tips can help you leverage the power of geofencing at your next trade show.
Have a Clear Call to Action
Location based advertising feeds impulsive decisions. Your geofencing ads should, therefore, have a clear call to action. Someone who enters your chosen geofence and sees your ad should, for instance, be prompted to utilize a discount coupon at your booth. It’s about getting the user to make a clear decision related to your brand in the moment.
Don’t Bombard Users
Geofencing is location based. However, avoiding the temptation to bombard potential customers with redundant messages is crucial. For instance, someone who has already entered the geofenced area shouldn’t constantly receive the same message every time he or she reenters the area. Using routing algorithms to help people who have seen your ad find the fastest route to your booth is your safest bet.
Use the Data
A myriad of consumer behaviors is captured by geofencing. Some of this data includes: where consumers spend the most time at the trade show, the aspects of your booth that generate the most interest, and the amount of foot traffic you’re actually getting. Using this data wisely helps you make informed decisions.
Trade shows are often expensive investments. Geofencing is one strategy that you can use to maximize your ROI at trade shows. Having a clear call to action, avoiding redundancy, and using the data you receive wisely can help you make the best use of your geofencing campaign. Copley Advertising has a team of geofencing experts who can help you create the best geofencing campaign for your next trade show appearance. Email us at email@example.com
In the bad old days (yesterday) the client would receive a weekly report regarding their mobile campaign. It was four lines showing the number of impressions along with clicks. That was it. If you wanted to dig deeper into the numbers you would have to beg your sales rep to go to some special backroom where the engineers compiled such information and eventually be told no because they just didn’t give out this information. #sad.
Now life is better. Granular data reporting shows the client a wide range of trackable parameters. Why is granular reporting so important?
Optimization – granular data will the show the DSP the areas where the bid amount or even blacklisting can dramatically increase click rate. As of late Copley Advertising has seen Android outperforming iOS click rate. If there’s a 20% differential between the Android and iOS click rate (after a significant amount of traffic) Copley Advertising will clone the original campaign and start an Android only campaign. If the Android only campaign is outperforming the original campaign we would start lowering the impressions per day restriction on the original campaign. You can do this with creative, network (Smaato, Mopub, Rubicon, and others), placement and other trackable breakouts. Not only can the campaign be optimized (higher click rate with lower cost) but you are now sitting on a ton of valuable data. Besides optimizing the campaign, tweaking the art and setting up clone campaigns what are you going to do with all that data?
Offline Marketing – You share it with the client! First clients love the data. I have not had a client yet not love to listen to me talk about interpreting the data from their campaign. Granular data is a great value add to the campaign. Second, it’s information that you can help the client decide on where to spend their offline marketing. Help them spend advertising money somewhere else? Yes. If you are running campaigns in Tampa, Miami and Orlando and Tampa is getting twice the click rate it’s a good bet that your client should be spending more of their offline budget in Tampa. This type of information makes the mobile geofencing campaign a great tool for targeting key demographics in a set time and place but also works as a guide to help the client decide where to spend their marketing dollars.
A campaign with a client needs to be a partnership. It’s your job to have your client’s back. Do whatever you can to make them look good. Once the client knows that you are a partner and not just a vendor your relationship will deepen and it will beneficial for both of you.
But….back to the point. In summary, it’s the data stupid…..collect it, interpret it and share it. It will separate you from the pack.
Mobile geofencing has offered retailers the ability to target smartphones using a geofence and place offers in tagged smartphones. If a user clicks on the retailer’s ad their ID would be placed in a retargeting folder for a future campaign. The KPI has been click thru rate. The higher the click rate the more successful the campaign.
If you compare mobile advertising to newspaper, radio and out of home advertising the better outlet is clearly mobile. The three traditional outlets depend on collecting a huge amount of impression and hoping that the client’s demographic is in the mix. With mobile offering geotargeting, targeting by day and time, demographic and behavior targeting and being cheaper, the argument that mobile is a better media outlet is solid.
Recently retail accounts have been pushing for in-store traffic reporting. Changing the KPI to CPV (cost per visit). Programs like TrafficDrive (Copley Advertising) along with programs from NinthDecimal, Push Spring and Simpli.fi have the capability to track tagged smartphones back to the retail location.
Copley Advertising’s TrafficDrive program is unique. Copley Advertising will geofence retailer’s location. Tag smartphones in the geofence. The user doesn’t have to click on the ad. Once the user sees the ad the phone is retagged. Copley Advertising transforms the retailer into a Conversion Center. When then retagged user enters the Conversion Center their ID is counted. Copley Advertising can create a report showing store traffic directly generated by the mobile campaign.
The power of mobile continues to grow and the demands by clients are helping mobile DSPs to create programs to meet expectations. The great news is that mobile will continue to rise and meet different benchmarks for different sectors.
The first wave of information is in regarding mobile’s role in Black Friday/Cyber Monday revenue. Below are some highlights.
The biggest news was that mobile revenue was over $1 billion by the end of Black Friday. That was a 33% increase from last year. The most optimistic projections had revenue over $1 billion by the end of Cyber Monday.
PayPal reported that one-third of all payments on Black Friday were from smartphones.
Walmart reported that on Black Friday 70% of their online traffic was mobile. Target stated on Black Friday 60% of their online traffic was mobile.
On Thanksgiving, mobile revenue accounted for 40% of all sales and 57% of traffic. (MediaPost)
Amazon reported that mobile revenue on Thanksgiving topped last year’s Cyber Monday.
A very impressive week for mobile commerce. Companies will continue to develop their mobile commerce platform. Mobile’s advantage is the online buying cycle. The consumer already uses mobile first to compare prices and check reviews. Companies need to take advantage of those habits and help the consumers take the next step. Consumers have always been ahead of companies in the demand for easy to use mobile commerce platforms. Companies need to catch up to smartphone users requests for the simple reason there is over $1 billion on the table.
eMarkter has published that other factors do influence US internet users purchasing decisions but none come close to the popularity of coupons and discounts. More than 70% of US internet users said their purchase decisions were influenced by coupons and discounts.
No other influence was had more than 50% of responses. The closest was family and friends with 40%. 30% named TV as the LEAST effective and 20% saying radio was the LEAST effective.
In June of 2016 Points.com found that 50% of respondents wanted more relevant coupons and deals from retailers.
And a September 2016 survey of US millennial mother internet users by Roth Capital reveals that nearly 70% of them searched for or downloaded mobile coupons while on their smartphones and shopping. October research should dollar off coupons are the most popular.
Mobile users have welcomed and are now demanding that retailers geofence their locations and place coupons and discounts in their location. With mobile retargeting, after the customer leaves the store additional discounts and coupons can be delivered. These offers can bring customers back to the retail location. Tracking methods can be used to see how many tagged users that opened up the coupon away from the retail location came back to the store.
Retailers using mobile geofencing to deliver discounts and coupons to the consumer in store will have an advantage over other retailers that are not geofencing. The consumer has signaled that they want more. If you are not using the tools of mobile geofencing to its fullest then you are losing business.
For more information and about setting up a mobile geofencing program that will deliver coupons and discounts to you customers in-store then tracking the tagged user and deliver additional offers to drive them back to the retail location click here.
AdvertisingAge made an announcement that event giant Live Nation will now geofence their events. Live Nation claims they sponsor an event somewhere on the planet every 20 minutes. They will tag mobile IDs of concert goers and gather information such as the age, sex, how much did the person pay for their ticket, what food or drink did they order and other information.
Live Nation’s technology will track the tagged ID’s social media behavior. When a tagged user places a picture on Instagram during the event, Live Nation may store that information and could repost the image on Facebook as a sponsored ad. Then track the ID’s comments on other social media outlets and possibly repost.
All the information will be loaded into their database and Live Nation will be used to build look-alike models for future events. This will hyper-target their mobile and traditional advertising.
This model reaffirms that not only is geofencing a tool for marketing but the backend data is very valuable. Real-time creative, landing pages, optimization changes can give companies like Live Nation valuable marketing feed back. What T-Shirts were a best-seller, which drink was voted most popular, how many pictures were posted on Instagram and other behaviors. All this data can pinpoint marketing trends in real-time. When you have an event every 20 minutes that’s a lot of valuable data.
Consumer good companies have a great chance to reach their demographic at the magical moment when they are about to buy your product. By mobile geofencing outlets that carry your product you are reaching your demographic when they are ready to purchase. Copley Advertising will tag smartphones in store and place ads for your product in mobile apps. If the demographic clicks on your ad we can retarget them and continue delivering the ad after they leave the geofence. Your ad will only run during store hours and after we gather enough data Copley Advertising will pinpoint times of day that have the highest click rate. Then we will delete the locations that are underperforming and you will have a lean hyper-targeted advertising campaign reaching your demographic in front of your product at the exact moment they are ready to purchase.
Urber Media published some interesting cross shopping affinity analysis. It showed that Macy’s customers are twice as likely to visit a JC Penney location than Kohl’s. Why is this important?
First, it shows that mobile advertising agencies are getting smarter about how they use their data. Data is the real currency of mobile marketing. Increasing CTR and ROI are very important and drive business. But collecting data that the client can use for a cross-platform online/offline campaign is almost as valuable as a sale.
A campaign can be set up where Macy’s geofences all their locations (lat-long). Captures the ID of all smartphones in store. Places ads in apps. Then places IDs of users that clicked on the app in a retargeting folder. This retargeting folder is key as a separate campaign can be run to the captured IDs only. These users have already expressed an interested in the offer and are at least 2x more likely to act on a purchase then a user that has not clicked on the banner.
But with the data like the type that Urber Media provides, Macy’s can now run a campaign targeting all JC Penney locations and place Macy’s ads in mobile apps on smartphones in a JC Penney store. Then collect all the IDs of smartphone users that clicked on the ad and place them in a separate retargeting folder.
Why JC Penny? Because in a Urber Media study that compared other retailers JC Penny was the most likely retailer that Macy’s customers would shop. In comparison, Macy’s customers were twice as likely to be at a JC Penny then a Kohl’s.
The ability to target smartphone users in a set location and drill down to demographic is important but we should not overlook that the data collected can be used for retargeting and making offline advertising more efficient and effective.