Map Out Your Geo-Fencing Strategy

Geo-fencing is one of the most advanced technologies you can use to enhance your marketing strategy locally for your small scale business and there are plenty of ways you can improve the geo-fencing strategy and help yourself out.

When we talk about the use of mobile geofencing advertising we talk about using smartphones to target the consumers. These consumers get a message or a notification about various products and services your or any small scale business is providing and that helps the business to grow locally.

So what exactly is geo-fencing?

There is a difference between geo-fencing and geo-targeting. The term geo-fencing refers to a particular virtual perimeter that is basically established around a particular physical shape. It can be either near your retail area location, the airport, or maybe covering a sports arena. The choice of the perimeter completely depends on you and you can decide which place should get the geo-fence perimeter.

So how can your geo-fencing give you what you want?

There are a few ways you can improve the experience of your geo-fencing technology. Here are those ways –

1.    Understand your customer well. You must know what kind of things your customers prefer the most or what will be the best discount option for them. Understanding who your consumer is, the context surrounding their mobile use and how they're using the mobile phones can be instrumental to building a successful campaign. Point-of-interest targeting, e.g. geo-fencing ads around locations where your consumers are can be especially relevant.

2.    The term think outside your box matters a lot here because you need to be quite smart and creative while using geo-fencing. The most important thing you must know is, your potential customers will for sure visit your rival business or the rival store. So what you can do is, rather than setting the geo-fence area near your store’s place, you can set the geo-fence area near your rival store’s location. That way, whenever your customer will visit the other store you will be getting the notification and you can send them your best deals via messages.

3.    Before you use your customer’s location, it is very important to be transparent and tell them you will be using their location. Being transparent helps you win the trust and most of the mobile customers are open to receive discounts and other deals. All you need to do is make them understand about your service the right way.

3 Ways to Make Geo-Fencing Work for Your Business

If you have a small scale business say – a coffee shop, a fashion hub, a takeaway joint or maybe a small pub, pretty sure you have heard of the term “geo-fencing”. Maybe read it in the internet or maybe your friends have mentioned about it earlier, but geo-fencing sounds pretty familiar to you isn’t it?

So what is geo-fencing?

Geo-fencing is a feature in a software program that uses the global positioning system (GPS) or radio frequency identification (RFID) to define geographical boundaries.

You can use geo-fencing as a mobile display advertising tactic which allows you to target users who enter a specific area around a location like your business or your competitor’s business and show your ad on their mobile device.

There are a few ways or techniques of the geofencing marketing which can help your business grow better and faster.

Here are those techniques –

1.    Target your rival’s customers – When you are in a business, you must know what your rivals and competitors are doing – who are visiting their shops – what makes your rival’s shop better than yours. These things are really very important for you and you must take a look on these things. Targeting your rivals’ customers will help you get those customers. Let’s say there are a few potential customers for your business and they visit your rival’s shop most of the times. What can you do in that case is whenever they are in your rival’s shop, you can send notifications or messages offering 20%-30% discounts on the same services. The customers will be definitely affected by this.

2.    Target the people who are near your business location – Geo-fencing is all about targeting the people around you. When you have a business at one particular place, and you are new, not many people know about your shop, what you can do is, rather than investing a lot of money in the traditional advertising, you can spend a little money on geo-fencing, target the people around the 20mile radius of your storefront and send them relevant texts related to various offers your business provides. This way, although not much people will be covered, at least people who can actually be your potential customers will be targeted and you will be more benefited.

3.    Target patron of your relative business – When you target your rival’s customers, you can also target the other relevant businesses. For example, if you are an insurance agent, you may target a nearby car dealership or apartment complex so new car owners or new renters can see your ads and call you for their insurance needs. Think about businesses that may complement yours and target their customers to drive more new customers to your business.