Geofencing marketing is a type of location-based marketing that allows the advertiser to connect with smartphone users in a specific geographic area, such as a store, through mobile apps, or mobile web pages. With geofencing marketing, you can reach your audience in new ways, boosting your profits to record levels. Because Geofencing relies on location, this advertising technique is specific to the user, meaning it prioritizes advertising to those that are most likely to engage. While at first this new concept can be intimidating, the process is seamless:
Finally, the company can begin delivering ads to that user via app ads, notifications or search and display ads.
Geofencing advertising can be effective for up to 30 days from the moment the user steps into a company’s marked geofence, boosting profits and lengthening interaction with a user.
Geofencing is flexible, allowing for the company to choose when ads appear to those who have entered the geofence. If foot traffic is higher in the afternoons, companies can choose to boost advertisements at that time, maximizing profits and effectiveness of your ads.
Why Geofencing Marketing?
It costs 10 times more to earn a new customer rather than retain an existing customer. With Geofencing Marketing, it becomes easier to build and maintain that loyalty
Our intelligent, data-as-a-service platform gathers massive amounts of data in a fast, efficient, and cost-effective manner via transparent and trustworthy pathsRon
“Intuizi has relied on NVIDIA hardware and software from the very beginning,” said Ron Donaire, CEO of Intuizi. “Being able to work directly with NVIDIA will help us deliver the most advanced and cost-effective AI and ML tools to unlock insights hidden in our clients’ data and show how it relates to other data sets.”
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Location Data Platform market to display unparalleled growth over 2021-2026 Competitive outlook: Intuizi, GroundTruth, CARTO, HERE Technologies, Adsquare, UP42, TomTom, Quadrant.io, OpenPrise Data Marketplace and CleverMaps