Geofencing, which allows businesses to target prospective clients within a defined geographic radius, has taken mobile marketing to a new extreme. Technology has shown to be an effective means of reaching customers at the optimal time and in the most appropriate area. While geofencing has been there for a while, the widespread use of smartphones and tablets has made it a highly beneficial marketing strategy for business owners.
Geofencing marketing, also known as geofencing advertising is a method of location-based promotion that allows you to reach out to cellphone users in a specific geographic region. Geofencing is a location-based system that uses Wi-Fi, GPS, RFID, and Bluetooth technology for marketing.
You may target your customers in innovative ways using geofencing marketing, increasing your revenues. This is because geofence marketing targets consumers’ geographical locations, which you may narrow down to as little as 1000 square feet.
The Marketing Advantages
Geofencing is clearly a useful technique since it enables marketers to focus their efforts on a more local or regional scale. Some of the advantages of geofencing marketing are listed below.
Improve metric analysis
Local sales are generally hard to track. What drew a consumer into your establishment might be tough to link to your online activities if you don’t have the opportunity to survey every consumer who goes through your business. Customers who come in with geofencing campaigns, on the other hand, maybe measured in a variety of ways, including sales, length of time spent in your business, and frequency of visits. All of this information might be useful in enhancing the accuracy of your statistics.
Boost your local sales
Many businesses value local optimization, or the potential to position top in local searches and their SEO. If you want to boost your regional performance, you should consider geofencing. You can reach local clients in a particular geographic region because it’s a location-based solution. One method to achieve this is to deliver promotions to clients in your neighbourhood via push notifications. You may simply modify promos every day or create limited-time specials to enhance local sales.
Customise user experiences
It also enables you to gather information in order to customise consumer offerings. It provides you with demographic information on the local population. Also helps to know what types of offerings they are interested in, so you can attract them to your business. You can adjust your promos based on buying habits if you discover that local clients favour a specific product.
Boost user participation
It can assist you to enhance buyer engagement. When you deliver offers personally to your customers, they are more likely to get involved with your business and learn about what you have to provide. Deals that are pertinent to their interests and requirements are the only ones that people want to explore. When you provide personalised offers at the proper moment, you boost the chances of your audience engaging with your business and visiting your business.
Aids you in outsmarting your competitors
One of the most useful features of this is the ability to create a geofence around a competitor’s location. If someone walks through the door, you may provide them with an offer to attract them to come to your business instead of one of your competitors.
Despite the fact that geofencing is just recently becoming more prominent, it is ideal to start utilising it immediately to discover more about your local audiences, enhance sales, and execute efficient location-based marketing strategies.
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