Marketing Beyond the Moment

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Marketing Beyond the Moment

Most of us are bound by a few centers of gravity: our work, our gym, our school, or our favorite coffee shop. Because we’re constantly popping back and forth between these centers of gravity, they hold great influence on where we shop, where we dine, and the businesses we frequent. Sometimes it’s much easier to pick up a carton of milk at the store near our office, than it is to travel to the next town.

 

For marketers, analyzing the movement patterns of consumers can lead to a greater understanding of their shopping habits – and make or break advertising strategies. By making sense of the location data emitted from mobile phones, this type of real-world understanding is now a reality. Marketers can string together the complex movement history of audiences to understand habits and shopping patterns.

 

Introducing: Drive-By Audiences
At PlaceIQ, we are fascinated with movement patterns. Recently, we introduced a new type of audience for marketers: Drive-By Audiences. This cutting edge marketing audience is comprised of consumers who commute within a certain distance of a specified location or locations. These audiences require lots of high quality movement data, and as a result our clients are finding them staggeringly effective. For retailers, QSRs and auto dealers, leveraging Drive-By Audiences is a great way to reach a unique set of potential consumers at scale.

 

Moving Beyond ‘The Moment’
By leveraging Drive-By Audiences, marketers eliminate the drawbacks of more basic methods that focus on ‘the moment,’ like geo-fencing. Back when location data first emerged as a marketing tool, geo-fencing was a popular method to reach audiences based on their proximity to a key location. This was a simple enough method – but it left ample room for error (on average, a few miles to be precise).

 

For example, marketers might end up messaging consumers who were just passing through a town. A stronger audience would be comprised of audiences who work nearby a certain location, or commute past it every day. Messaging drive-by audiences only once could mean a one-time sale – but messaging to audiences who drive by every day could result in repeat business. Advanced location intelligence companies make it possible to message beyond the moment, and launch strategic and efficient campaigns that are based on journey patterns.

 

The Proof is in The Pudding
In a recent mobile media campaign, Drive-By Audiences were more than twenty times more likely to visit a target convenience store than an average consumer. For those delivered advertising, Drive-By Audiences were 10% more likely to later visit a target location than those who did not receive messaging.

 

With Drive-By Audiences, marketers have a smart, efficient way of reaching consumers who are ripe for engagement and conversion. And this is just the tip of the iceberg. We offer several other audiences built around consumer journey patterns. It’s time to move beyond the moment, and start marketing to consumers based on their centers of gravity – and the movement patterns they build.
Contact sales@placeiq.com to find out more.