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? firstname.lastname@example.org. (617) 651-2249.
Buyer interest is crucial for business success. Retargeting and geo-fencing work in tandem to zoom in on buyers who are genuinely interested in your brand. Content related to retargeting often restrict this useful digital marketing strategy to driving traffic to a company’s website. However, geofencing provides the perfect platform for retargeting. Websites aren’t the only media for retargeting campaigns.
Simply put, retargeting focuses on reaching customers who have already expressed an interest in your brand. Geofencing allows digital ads to be displayed in apps that customers within a particular geographical area use. Put the two together and you have a winning combination. Companies that use geofencing are able to send in-app display ads to customers who enter the geographical region and use these apps. Clicking the ad generates a customer ID. These customer IDs are stored in a retargeting database. When this database reaches a particular threshold, retargeted ads can be sent to the IDs in that folder. Why is this important?
Reason #1: Numbers Don’t Lie
Statistics show that 75 percent of consumers notice retargeted ads. Furthermore, Khalid Selah states that “the average click-through rate for display ads is 0.07 percent, while the average click-through for retargeted ads is about 0.7 percent.” Essentially, people are more likely to click on retargeted ads than display ads. Therefore, effectively using retargeted ads in geofencing has the potential to generate a higher ROI than other digital marketing strategies.
Reason #2: Offers a Personal Approach
The best-retargeted ads appeal to specific interests of the consumer. These ads can be created to mimic a particular group of customer’s spending and purchasing patterns. Customers are more likely to respond to ads that relate to what they like… even if they don’t need it.
Reason #3: Location Specificity
No other form of retargeted advertising reaches customers who are in direct proximity of our brick and mortar store. Impulse is powerful. Think about those sweet treats that are strategically positioned at check-out counters in supermarkets. Often dubbed “impulse buys”, we are tempted to purchase these treats because they’re consistently in our field of vision. The same is true for retargeted ads. Walking into a mall and seeing an ad for a product you want feeds your temptation to head to the store selling that product. After all, it’s right there.
Copley Advertising has a team of talented digital marketers and programmers who can merge your retargeting campaigns with geofencing. We’ll help you entice people to enter your store. Never forget that retargeting is statistically proven to produce results, provide a personalized experience for the customer, and reach the customer exactly where he or she is.