Geofencing Your Competitors to Collect More Leads

August 7, 2018 / Newsletter / 0 Comments /
geofencing

Big Brother may be watching, but that doesn’t mean you can’t use him to your advantage.

Location-based marketing is here, it’s powerful, and if you’re not harnessing it for your dealership, you’re missing out on the newest way to reach low-funnel prospects.

What is Geofencing?

Geofencing describes a virtual perimeter placed around a particular location. This location can be physical, like in the case of a competing dealership, or virtual as in a car buying website. When someone enters this area, their information is picked up and captured. This creates a list of shoppers that can be used in retargeting via email campaigns, ringless voicemails and social media.

Types of Geofencing

The most exciting form of geofencing tracks what we like to call geolocation visitors. These are prospects who have physically stepped inside a competitor’s lot. In order to set up these geo-fences, we recommend targeting your top five competitors with geolocation tracking.

This often begs the question of how we are able to obtain location data on competitor prospects. Whether they are aware of it or not, the majority of the population has already consented to share the location of their smart devices. The geolocation system is set up to ensure user privacy protection, so users always have the ability to opt out of tracking. However, the opt-out percentage is small enough to still make this an extremely effective tactic for retargeting.

The next type of geofencing comes from high-intensity web shoppers. These are prospects who have visited sites like Cars.com, Autotrader, Kelley Blue Book or other automotive websites. These customers are ready to buy and are perfect candidates for retargeting.

We also segment out shoppers who are likely to buy over the next six months and those who have been identified as in-market shoppers based on their responses to questionnaires and form submissions.

Related reading: Technology Does Not Guarantee Success

How to Track Progress with Geofencing

Like with any marketing campaign, it is important to track your results. One way to do this is with Google Analytics traffic reports. This will show you how much digital traffic the campaign is generating. You can also consult the list of prospect information that has been collected. Perhaps the most interesting report for dealers is the campaign sales match. This shows how many car sales can be linked directly to a geofencing campaign.

Strong provides all of these tools for tracking and implementation through our unique eCampaigns service. Harness the power of geofencing today to find your customers – no matter whose dealership they visited first.


About the author

John Paul Strong: For someone who spends an average of 135 days outside of the office meeting with clients, John Paul Strong remains the driving force behind his Birmingham-based advertising agency, Strong Automotive Merchandising. Strong began his career as a fresh-faced account executive at Martin Advertising. Learning much, but never satisfied, he convinced his father to partner with him in reopening their own advertising agency in 2004, catering exclusively to the automotive industry. The company started strong but humble. The original roster of 10 employees and eight clients has exploded today, growing to 100 full-time employees and more than 220 automotive dealers. And it hasn’t gone without notice. Along the way, Strong Automotive Merchandising has been recognized as a perennial winner in Birmingham’s Best Places to Work contest and as a Top 20 Agency among Google’s National Ad Partners. Yet, Strong still finds time to share what he’s learned along the way. As an avid writer, he has published two books in the Next Day Traffic series, along with more than 1,000 automotive-focused blog posts. He is also a member of the Texas Auto Writers Association, and his success has been recognized in the Birmingham Business Journal’s 2013 “Top 40 Under 40” feature and the 2017 CEO Awards. The foundation for Strong’s career began at the University of Montevallo where he earned a bachelor’s degree in communication studies and advanced public speaking. Always staying ahead of the competition, Strong later went on to study in Harvard Business School’s Executive Education Program. Amid all of his endeavors, Strong always makes time for what matters most – his family. He is a proud husband to Amy, and father to Lilly Grace, Anne Charlotte, Hudson, and Ford.


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