Small businesses all over the world are finding ways to bring more traffic to their websites. Ever since location-based mobile advertising (LBA) was introduced, they are now able to target potential customers within their geographic location with more accuracy. According to eWeek.com, location-based advertising is expected to hit $15 billion by the year 2018. If you want to use LBA to bring leads for your business, here are three elements on which to focus.
- Accurate location data of your target audience
- In-depth knowledge of the behavior of your consumer
- Compelling creatives
In the competitive advertising world of today, without an accurate and complete dataset representation of the real world, it is difficult to apply data science in real time. HERE can help you in creating compelling campaigns using map data. Whether you want to understand your consumers, improve segmentation and targeting, or boost the effectiveness of your campaign, you can optimize the region of interest (ROI). HERE uses geometry-based location data for enhancing media buys and optimizing your spending.
Location-based data for advertising is precious, but only 74 percent of the marketers think the data available at hand is accurate. With LBA, you can vary your marketing message by where your target audience is located. You can tailor your message by weather, retail locations, transport routes, etc. Once you know where your customers are and how they behave, you can tap into their behavior for encouraging them to opt for your offers. Since it is a personal form of advertising, you must make sure the results you get from map data is accurate.
Location-based advertising is a little bit complex. You will need specific parameters and use information for productively reaching the target groups. One of the techniques used is hyper-contextual targeting. It uses data in a meaningful way to offer an exceptional experience to the target group. This technique uses local data for delivering contextual messages to the audience and for driving purchase intent. Then there is geo-aware targeting. It has been around for a while and uses real-time location data which is supplied by mobile providers to display mobile ads to customers who are close to the location you want to target. Long story short, the more accurate data you have, the more effective your advertising technique will be.