How to make the most of Geofencing marketing?

Geofencing marketing is a sort of location-based marketing in which you can communicate with smartphone users in a certain geographic region, such as a store, using mobile apps or mobile webpages. It’s also known as geofencing advertising.

It makes use of a variety of technologies, including Wi-Fi, GPS, radio-frequency identification (RFID), and Bluetooth. Historically, this was done using SMS marketing, but as technology has advanced, this process has expanded to include push notifications and even fits easily into the programmatic advertising stack.

Geofencing marketing is used by businesses of all sizes and specialities. While it is a terrific tool for businesses with physical locations, it is equally beneficial for enterprises that operate online.

Geofencing marketing allows you to reach out to your target audience in new and interesting ways. It can also assist you in increasing your profits to unprecedented heights. This is due to the fact that it advertises to consumers based on their location, which may be as precise as 1000 square feet.

Benefits of Geofence marketing

Geofencing - Mobile Marketing

1. Boost customer loyalty

Geofencing marketing might assist your firm in increasing customer loyalty. That is, without always offering specials or discounts.

Did you know? It costs 10 times more to acquire a new customer than it does to keep an existing one. That is why, in today’s market, cultivating shopper loyalty is vital.

Is it achievable? Why not? Imagine. You shared a non-spammy, relevant promotion. Then you delivered an outstanding customer experience and product. Then there’s word-of-mouth. Users will remember and talk about what your firm accomplished better than anyone.

2. Improves data and analytics

Geofencing marketing is based on data. This provides actionable information to your marketing team or marketing provider for your next campaign. Geofencing also gives real-time data to your team.

It acts as a link between advertisement and action. You can see when the advertisement was seen and what the consumer did next.

Thus, another advantage of geofencing marketing is the ability to change your campaigns on the go. If you discover that users aren’t responding to your promotions, for example, you can look into what’s wrong with your campaign.

3. Increase user engagement

You can enhance your campaigns and increase user engagement rates based on the data you collect. In a nutshell, you’re refining your audience in order to achieve greater outcomes. You’re also learning which calls-to-action (CTAs) and ad copy work best for your target audience.

Following the execution of your geofenced advertising, you will be able to assess the response rate as well as the number of leads generated. With your new data, you may fine-tune your advertising even more in order to increase the engagement of your target demographic.

4. Spending effectiveness

Leads of higher quality result in more effective marketing budgets. You may reach out to the audience that is most likely to convert by using geofencing. This means that less money is spent on clients who aren’t as important.

How does it work?

While geofencing marketing may appear sophisticated on the surface, it is actually rather simple. Geofencing comprises primarily of the following steps:

1. Determine a geographical radius around a physical location.

2. Configure a geofence (virtual barrier) around the site.

3. An event can be triggered when a device enters or quits the system.

Remember that you can put your fence practically anywhere.

Geofencing

You can build one around your company’s location as well as your competitor’s. For example, if you set up a geofence near your competitor’s location, you might run an ad inviting couples to your venue for complimentary food samples. You may even set up a geofence near the offices of organisations that frequently send clients to you. Other target places could be events or trade shows, households via addressable geofencing, colleges or nearby streets and stores.

Your geofencing advertising could include a promotion, such as a discount on your booking rates or an invitation to visit your location. The greatest benefit of geofencing marketing is that you can control when your advertisements show.

Points to keep in mind to build a strong Geofencing strategy

How can you use geofencing marketing to benefit your company? By keeping the following geofencing solutions strategies in mind.

1. Investigate your audience

Geofencing marketing relies heavily on your target audience.

You can establish a target area that will generate results if you understand who your audience is and what they desire. Furthermore, you can create ads that will attract shoppers and persuade them to make a purchase.

Look at the data you already have if you’re unsure of who your target audience is or if you’re redefining your target audience.

2. Make your geofence the appropriate size

The fundamental guideline of geofencing advertising is that your targeted area, or fenced-in area, is no more than a four-to-five minute walk from your store. In some circumstances, you may be able to reduce this to a four- or five-minute journey.

Geo-fence

Companies can sometimes be overly ambitious. This can result in huge geofences that do not drive results. That is why you should design perimeters that are tiny, compact, and effective. Remember that you want to make it easy for users to visit you.

Conversion zones may not be an issue for your firm in some situations. This is appropriate for e-commerce stores or businesses that are mostly conducted online.

3. Have a strong call-to-action

You want to make certain in your material that:

1. You include an obvious call to action.
2. Your call to action must be actionable right away.

It’s also important to create ads that aren’t spammy or self-serving. Make sure you’re naturally leading them through the buying funnel.

4. Examine your data on a regular basis

By evaluating your data on a regular basis, you can improve the success of your geofencing marketing campaign. If analytics is new to you, you can always collaborate with a geofencing marketing company.

5. Use optimal targeting techniques

For the best results, integrate geofencing marketing with additional targeted tactics. Among the various types of targeting are:

1. Contextual targeting: Displays an ad that is relevant to the page’s content.
2. Content targeting: Targets search keywords as well as the intent of those keywords.
3. Retargeting: Displays an ad to people who have previously visited a product on your website.
4. Dayparting: Targeting consumers at specific periods of the day. Ad scheduling is another term for it.

Conclusion

Despite significant privacy concerns, the geofencing sector is predicted to grow by more than 27 per cent by the end of 2022. Learn about the success of famous organisations using geofencing, such as Taco Bell, Elle Magazine, and BMW.

Geofencing, when done effectively, may greatly enhance brand awareness and sales for your company.

Get in touch with us at Shaktiki Marketing to learn more about the most effective marketing strategy for your business.

What is the importance of personalised marketing?

Personalisation has transformed marketing from the ground up, improving the consumer experience and, as a result, increasing corporate profitability. Personalised marketing is the implementation of a plan in which businesses send personalised information to recipients using data collecting, analysis, and automation technologies.

Personalised marketing aims to fully engage customers or prospective customers by connecting with them as individuals. However, many businesses continue to struggle with the implementation of personalised marketing. Overzealous people appear creepy. Lazy people make do with adding the first name to email subject lines. Some don’t even try.

This approach varies from traditional marketing, which mostly depended on casting a wide net in order to gain a small number of customers. Traditional marketing prioritised quantity above relevance. Now, analytics have become more advanced, and data on individual prospects rose in volume. Resultantly, marketers now use both to provide prospects with the most relevant message at the right moment.

Benefits of Personalised Marketing

According to an Epsilon survey of 1,000 consumers aged 18 to 64, 90% find personalization appealing. When methods are successfully implemented, it boasts an improvement in customer experiences, boosts revenue and increases brand loyalty.

How to create a personalised marketing strategy?

Understand your customers’ demands and collect data

Every customer expects you to understand their wants. Surveys and user testing are simple methods for acquiring important consumer information. You can also embed a code on your webpage that can assist in collecting data such as clicks, time on site, abandoned shopping carts, transaction history, and much more.

Analyse the data and act on it

Capturing data, developing analytical capabilities, and creating adaptive websites are all important to a business, but they are most valuable when they are completely linked with one another. Thus, after only a few weeks, your customization solution should be ready to give clients relevant content recommendations.

Applications of Personalised Marketing

Personalisation is now fully expected by the average consumer in every campaign your brand performs. Here are some examples of tailored campaigns that can result in a lot of success.

Email Marketing

Personalisation is being used extensively in email marketing scenarios. Marketers can use personalisation to build and send personalised emails to a specific population with specific demands. Moreover, improving your understanding of your target audience is critical to boosting the relevance of your email content.

6 Tips for Successful Email Marketing - Calla Digital

Messages sent through this channel are non-intrusive, easy to consume, and extremely customisable. Email subscribers can receive offers that are specifically suited to their demographics, psychographics, and behaviour by using dynamic content.

Social Media Marketing

Interacting with customers and potential customers on social media platforms can help boost customer satisfaction and brand loyalty. Social media has swiftly become the backbone of multichannel initiatives, assisting in the continuation of online interactions that keep businesses in the thoughts of prospective customers.

Social Buzz: why isn't social media marketing as much fun as it used to be? | The Drum

For instance, Twitter accounts dedicated to customised customer care are examples of increased customisation. Additionally, as is Instagram’s recent vast range of data collection features for stories, such as the emoji slider and the poll.

Marketers can collect answers and customer data from social media channels by sending highly targeted and relevant social media messages using automation, which helps improve communication and boost conversions.

Video Messages

Using videos with unique messaging to keep clients interested can be a very effective strategy. This includes social media videos that display your name and any personalised information you may have put in your profile.

Although this form of personalisation is memorable for your audience, it can be time-consuming if you do not have the proper automated technology in place. Hence, ensure that you have the necessary tools and resources to make this as scalable as feasible.

Product Recommendations

This type of campaign collects data to assess what type of product, service, or offer a user is likely to be interested in and tailors recommendations appropriately. Because it works, this is a rather popular strategy.

Customers can score these campaigns and provide comments depending on whether or not they enjoyed them. This makes it much easier for clients to sort through what they like and don’t like without having to go through the hassle of watching everything.

Personalised Marketing Tools

You can’t create an email for each consumer by hand. You can’t create an ad for each prospect by hand. However, you must maintain that appearance, which necessitates the use of the proper tools. What you’ll need is as follows:

Data Analytics Platform

The analytics platform assists advertisers in collecting behavioural data such as page views, email sign-ups, and other metrics. Marketers use behavioural data to build targeted marketing. In this category, popular platforms include Google Analytics, Heap Analytics, and Crazy Egg.

Google Analytics

Data Management Platform

Data management platforms collect information from numerous sources and then share it with digital ad buyers and publishers. This tool is useful for marketers who want to create personalised advertising campaigns using user data.

Customer relationship management software (CRM)

CRM software serves as a reservoir for customer data. This implies that whatever information you acquire about potential consumers, such as their name, email address, or order history, can be saved at this hub. You may use CRM software to see who interacts with your organisation and how they connect with your marketing initiatives.

Post-click landing page Platform

It all comes apart without a post-click solution. This is your best option for gathering prospect information right now. Therefore, it’s also the most effective technique for moving customers to the next level of the funnel.

Challenges of Personalised Marketing

When it comes to personalised marketing, there are hurdles, just as there are with every marketing strategy. Let’s look at some of them:

Choosing the Best Technology: With data and automation driving the wagon, it is important to choose the technology very carefully.

Creating a Single Customer View: According to research, marketers have difficulty linking data to individual customer profiles.

Smart Segmentation Implementation: Smart channel segmentation isn’t just for show; it actually improves performance. However, many marketers are still unable to move beyond simple segmentation tactics.

Time and Resources: It is critical to devote time and resources to developing an effective personalised marketing strategy.

Final thoughts

Why using the wrong kind of personalisation is costing B2B brands sales – Marketing Week

Consumers increasingly demand greater personalisation throughout the purchasing journey than ever before. However, if you don’t tailor your personalised marketing plan appropriately to each individual, they won’t feel involved. Consequently, they will be less inclined to buy from you. Thus, a well-customised marketing plan can be the most valuable thing your company has to offer.

Get in touch with us at Shaktiki to learn about how you can implement effective marketing strategies: https://shaktiki.org/contact-us/