What to Know About Location-Based Data

23 June 2021

For businesses in any industry and of any size, location-based data and the use of a location analysis tool can take your marketing to the next level.

Location-based marketing means that you’re targeting your audience based on where they are at a current moment, or maybe where they’ve recently been.

For example, you could target an audience that had recently been to a local car repair shop, or maybe you’re using zip codes to target people.

Location data can provide a lot of information about what a person does on a daily basis. This could include their shopping habits, where they prefer to eat, and it can even provide information about how they go from looking at a product online to buying it in a store.

The use of location-based data means that you can personalize your products or services and be more targeted and efficient with your marketing.

The following are some of the big things to know.

The Basics

Location data is typically a reference to the specific geographic position of a smartphone or another device, or a building.

There are coordinates that are expressed as Latitude and Longitude, and these are the geographic positions themselves.

As far as marketing, GPS data is what’s most commonly being talked about. GPS provides coordinates gathered by a device.

There’s another term to be aware of here too, which is a Software Development Kit or SDK.

SDK codes are used by app developers. These codes then tell the app once it’s installed on someone’s device to collect location data from that device. The codes that are installed in an app do require that the user give explicit permission for the collection of location data.

The SDK method gives deep insight into the habits of users, but the opt-in element is important. Usually, the opt-in is obtained when a user first interacts with an app after downloading it.

In some cases, an SDK can only work when the app is open, and others can run in the background.

Legality

Location data doesn’t record someone’s identity or any information that could personally identify them. Businesses small and large throughout the world do use location data.

There are regulations and legal compliance issues to be aware of, though.

For example, data privacy laws dictate how businesses can collect and utilize some customer data.

A data collector has to get the specific consent of someone to use, store, manage or share their data. You also have to provide them the opportunity to opt-out any time.

Strategies For Location-Based Marketing

There are a lot of ways that you can use location-based data in your marketing. Examples include:

Geofencing: This is a concept where location data is collected in real-time. With this approach, there’s the creation of a virtual perimeter around a certain location. Then, you’re either gathering data within that or targeting. You can use it for proximity marketing. For example, if someone with your app enters an area within your perimeter, then they might get a push notification letting them know of a sale or event.
Geotargeting: This is about delivering ads to people in a particular location, but it’s different from geofencing in that it can use previous location data paired with specific attributes of the audience. It might, for example, use location along with interest or behavioral data. This gives the opportunity for segmented and tailored marketing.
Conquesting: This location-driven marketing approach is about reaching your competitor’s customers. For example, you’re using collected data to reach an audience when they are visiting the location of your competitor.

What Types of Businesses Are a Good Fit for Location-Driven Marketing?

There are broadly a few types of businesses that might find location marketing is a good fit for them.

First, if you have retail locations, it can be a good idea to explore the collection of location data. This can include shops, restaurants, or car dealerships.

If you’re a business that has special events or seasonal events, you might consider it. This could include event venues, sporting businesses, and businesses in travel or hospitality.

eCommerce brands might use location marketing to find shoppers that go to brick-and-mortar competitors.

Niche industries such as transportation and real estate as well as education can benefit from location marketing.

Location data is really the biggest thing right now in terms of understanding customer behavior and the full customer journey and filling in gaps in that journey or perhaps the gaps between online and offline behavior.

Read Also:

Which marketing mix element deals specifically with retailing and marketing channel management?

Ariana Smith

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

View all posts

What Is VoC Marketing?

Despite digital marketing strategies being effective and robust with their outcomes, these need to constantly evolve since consumer needs and habits are continually changing. That’s not different from the voice of the customer or VoC marketing campaign. The strategy is one in which a business strives to listen to what the customer has to say and gain insight from that feedback in order to act on concerns or needs. The customer’s experience is optimally significant, making it vital that the business leaders hear what the customer has to say to fully understand where improvements to this experience need to be made to garner a greater sense of satisfaction. A robust VoC program should reveal the target demographic’s expectations about the goods and services you provide, whether these expectations are being met, and what needs to happen in order to ensure this happens in the future. The ideal strategy will incorporate a variety of sources to collect this feedback, so the customer knows they’re being given a voice when it comes to their products. The concept might sound simplistic, but it’s a bit more challenging than it seems. Learn about VOC from an AI standpoint at https://www.sixsigmadaily.com/how-innovative-technology-can-improve-voice-of-the-customer/. What Is VoC Marketing? Business leaders might believe their marketing strategies are comprehensive enough to help them understand what the customers have to say but do these leaders hear and understand what the target audience has to say? The facts indicate that many organizations are not up to speed despite significant investments in their research strategies. With those “statistics,” new marketing concepts are developed constantly to make businesses more consumer-centric, including a robust new process referenced as “VoC” marketing or “Voice of the Customer.” With this process, the audience's feedback is collected, heard, understood, and steps are taken to move their suggestions forward. It sounds relatively straightforward but can be a time-intensive and involved process. Let’s look at it more closely. 1. The Interviews With VoC, there is a need for in-depth responses from the target groups. While surveys are usually an integral tool in the marketing scheme and a budget-friendly method for collecting poignant insight, detailed input is lacking. In order to get a feel for the true nature of a customer’s opinion, this new research tool uses “quantitative” and “qualitative” methodologies - not merely surveys. These can include focus groups, interviewing, site analytics, journey maps, and more. The process is used with both the clients and the internal teams having a goal of obtaining “multi-dimensional” feedback on methods of improving the customer’s experience and the products. 2. Answering the tough questions All businesses prefer to receive positive input. That can influence how questions are relayed with the survey creation, with results then being relatively useless. The point with VoC is to step outside of your comfort zone with the difficult questions you might not want to hear the answers to. While the responses could be harsh, these sharp insights are what bring change, improvement, and growth. If you can’t recognize weakness, there’ll be no capacity to make changes. Without constantly evolving along with the consumer’s changing behaviors, the company can’t grow. Read here strategies to help understand VoC. 3. Action is the reaction to the feedback Collecting feedback is only one component of VoC. The leaders need to gain insight from what the audience is indicating with this input. They need to hear and understand what’s being said by their target group, and that consumer wants proof their voice has been heard. How can a company do that? Act on their input and let them know you did so and how. Show the customer the results of their feedback. By churning out more desirable results, you achieve better customer relations and decrease the instances of dissatisfaction. Final Thought Voice of the Customer is a powerful marketing strategy meant to bring the customer’s voice to the business leaders to create a more outstanding customer experience. In exchange for their dedication to the consumer, the company will see an influx of word-of-mouth referrals, greater loyalty with their audience, and a higher retention rate. A demographic who shares their experience with their network will likely make more purchases with the business. Plus, those in their network will come on board to buy goods or services, substantially increasing business revenue. These transactions equate to opportunities to learn where improvements can be made and how the company can evolve positively for the benefit of each person as a consumer. Identifying the customer’s voice is a crucial component not only of a marketing strategy but essentially of growing a business overall. The VoC process is what allows you to connect on a deep and direct level with that target group but also with the individual consumer. That will translate into change, evolve further into growth, and ultimately result in success. Read Also: 8 Tips To Increase Your Cash Flow In Your BusinessHow Customer Service Is Impacting Your Business In 2022!Your Postmates For Everything: Jeench is The Next Generation E-Commerce Marketplace And Much More

What is a Digital Marketing Agency and What Can It Do For You?

A digital marketing agency is not a typical traditional marketing service. A digital marketing agency is a resource that aims to help its client reach customers through multi-channel marketing, single-channel marketing, or omnichannel marketing. To learn more about digital marketing and traditional marketing, visit american-image.com If you desire to hire a digital marketing agency, they will be your ticket to help promote your business, raise brand awareness, build a strong foundation of customer loyalty, and increase your online and offline sales. This can be done through digital marketing efforts using different elements like Search Engine Optimization (SEO), social media marketing, pay-per-click ads (PPC), stylish website design, data statistic reports, and other online marketing strategies. With the right digital marketing agency, you can utilize many if not all different digital marketing techniques. The right digital marketing agency can give you the flexibility you need to handle many digital marketing components so that you can focus on other important things like running your business. 5 Benefits of Hiring a Digital Marketing Agency 1. Manage your business more effectively: You may be an expert in your business but not in digital marketing. When you hire a digital marketing agency, they can help you plan and develop strategies so that you can promote your business online. They have experts who will help you manage various digital platforms and help build a strong online presence. By hiring a digital marketing agency, you will benefit from their structure and procedures in marketing your business digitally. 2. More customers: Digital marketing agencies have the right resources to put on pay-per-click advertising on popular social media platforms like Facebook, Twitter, Google, or Instagram. What you just need to do is pay for the ad space fee. It is not just about putting an ad online, you need the right agency who will make your ad look good so that customers will find it visually appealing enough to click on it and find out more. More appealing online ads will reach many potential customers. However, online ads on popular social media platforms are not cheap. But if you think about it, your initial investment now on online ads might yield a high investment as it can have the potential to bring in more customers. If you pick the right digital marketing agency, they already know how to reach your target customers and bring a positive return on the investment you spent. 3. You are in expert hands: If you are the only one running your business you might be overwhelmed with aspects beyond the day-to-day operations of your business. Hiring a digital marketing agency might be the better choice rather than hiring one employee to do the digital marketing aspect of your business. Labor costs and time will be lost to you if you take the time to hire an employee. But, if you hire a digital marketing agency, there is no need to think about training and developing an employee on digital marketing, an agency has all the right resources and marketing professionals who will do the job for you. They have all the necessary skills and industry know-how to bring your digital marketing strategy up. So, save your energy and money and look for the digital marketing agency that is right for you and for your budget. 4. Gain valuable resources: A reputable and competent digital marketing agency will have access to various resources that will help you further your online presence. They have all the necessary tools to monitor and create your online reputation. The digital agencies often have their tools and will be able to give you ideas and technical knowledge from them so that you don’t need to buy these tools. These tools will help your business increase your abilities so that your brand can be marketed online in the best ways possible. 5. You keep up with the latest online trends: It is the digital marketing agency’s mission and objective to know and to stay on top of the latest trends. If your business does not keep up with the latest trends then any potential and current customers may view your business as outdated. This is not a good way to retain customers and increase customer loyalty. An agency whose job is to learn and apply these top trends will help inform you about the latest trends so that you can use them for the benefit of your business. Read Also: Why Should You Hire a B2B Digital Marketing Consultant? Why Email Marketing is the BEST Digital Marketing Outreach in Singapore

How to Get What You Want at Work By Strategic Negotiation

There are things at work that employees want to get and things that employees want to achieve at work, but they keep thinking that it is hard. However, there is something that employees can use to get the things that they want, and that is through strategic negotiation. Negotiating is one of the things that people seriously don’t like. Whether it is a confrontation or mindset that they are people that don't deserve to win, there are a lot of people who avoid any situations which require negotiation. However, strategic negotiation doesn’t have to be always like that. Negotiation can be helpful to achieve the things that you want. Here are the things that you can do to utilize strategic negotiation in getting something at work successfully. Always Prepare When entering a negotiation without a proper plan, strategy and preparation can already conclude your defeat. Always prepare for the battle. Start with yourself. Ensure that you are apparent on the things that you want. Conducting research is important. It can be helpful to understand their needs, as well as their weaknesses and strengths. Ask for your manager or co-employees for some help and opinions. Take Your Time Instant approval for any request at work can tend to be lousy. Some managers do not enjoy negotiating and want to get done with it as soon as possible. It is understandable. However, it is important to take time on asking for something. Just like SEO experts in NYC who take their job seriously, It’s much better when you don’t rush things. Negotiating Process is Continual, Not an Individual Event Excellent negotiating results are just an outcome of a healthy relationship with the involved party. It is necessary to cultivate a relationship ahead of time. For the same reason, it is important that you constantly look for opportunities that will grow your relationship with the management. There are cases that even before having any discussions, managers determine the outcome already. Find the Bargaining Chip In addition to taking advantage of someone’s weaknesses, focus on taking extreme advantage of your strengths. It is essential to establish a firm foundation while negotiating. You can also demonstrate your expertise and knowledge about things. However, make sure that the skills that you’ll show will have a substantial impact on the thing or position that you need. It can determine a good result especially if the managers see that you deserve it. You are already establishing your credibility at work. It is challenging playing catch-up while negotiating, so it is better to take the initiative and guide the process in the direction that will favor you. Don’t Tag Your Ego Along Employees who attain success in getting the things that they want don’t usually show that they care about the result. However, it is their strategy to make the other side feel that it is okay to reject them, just as long as they tried. Timing is Everything Timing is everything, so it is important to pay attention to it. Timing is key in any negotiation. It is important to know what to ask, but you also need to be sensitive when to ask for it. There are times that you can go forward, and there also times that you need to wait. It is best to look for the best time before pressing for the thing that you want. However, watch out of pushing things too hard, because it may pollute a long-term relationship with you boss. Go For a Win-Win Solution Throughout the negotiation, always try to determine things that are acceptable for the management. It can be a mixture of various things that aren’t necessarily everything that you wanted. It is important that you understand the management or your supervisor's priorities, like how you also understand your priorities. So it is better to think of the things that you would do if you were in their position. When constructing a negotiations or requests to your boss, it is okay to attempt in satisfying some of the company's priorities but make sure that it doesn’t weaken your position. Always be ready to give up some things in exchange for the things that you want. It is smart if you know your limits, and how far are you willing to go just to get the deal. Stick To Your Principles As an individual and employee, you will have your set of values and principles that you don’t want to compromise. If you see that the negotiations will break some of those principles, then it can be something that you can throw away. Getting What You Want You can compare successful negotiation to a chess game. It requires different things like awareness, creativity, timing, and anticipation of your opponent’s next move. When using negotiation to get something from work, it is important to anticipate that your boss might have something up their sleeve to rebut and say no to your request. Your moves must be progressive so that you can expect the same from your boss. While creating the plot of the strategy, it is important that you anticipate the end game. Also, you need to be ready for the outcome. After getting the job done, and getting what you want, it is appropriate to end the negotiation with a handshake. Takeaway As an employee, some requests and promotions seem too hard to attain. Negotiations can be helpful for employees to have an approval on the requests and promotions that they are aiming. With proper planning and an in-depth strategic negotiation, you can easily achieve it. The things listed above are the things that can help you get what you want at work.

What to Know About Location-Based Data

The Basics

Legality

Strategies For Location-Based Marketing

What Types of Businesses Are a Good Fit for Location-Driven Marketing?

Avoiding Sales And Operations Planning Mistakes

Which Marketing Mix Element Deals Specifically With Retailing And Marketing Channel Management?

Tags

Ariana Smith

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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What Is VoC Marketing?

What is a Digital Marketing Agency and What Can It Do For You?

How to Get What You Want at Work By Strategic Negotiation

What to Know About Location-Based Data

The Basics

Legality

Strategies For Location-Based Marketing

What Types of Businesses Are a Good Fit for Location-Driven Marketing?

Share this Article

Avoiding Sales And Operations Planning Mistakes

Which Marketing Mix Element Deals Specifically With Retailing And Marketing Channel Management?

Tags

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

Leave a Reply Cancel reply

Popular

Follow Us

Recent

Related