Page 5 - AeM_July_2019
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RESEARCH, ANALYSIS & TRENDS




       •  53%  of  marketers  directly  target  competitor  stores   • 49% pointed to a lack of scale
          through geo-conquesting
                                                            • 45% believed there was a lack of transparency into
       •  51% win over shoppers with geofencing               location data sources and methodologies
       •  48%  chart  the  correlation  between  store  traffic  and  “When deciding to incorporate real-world intelligence as
          sales                                            a  key  part  of  an  omnichannel  strategy,  it  is  important
                                                           that brands choose a partner who is scrupulous with its
       •  43% track return on advertising spend (ROAS)     data sources. Being transparent with the veracity of the
                                                           data,  scrubbing  it  for  inaccuracies  and  ensuring  it
       •  42%  target  shoppers  based  on  online  and  offline  complies  with  GDPR  helps  build  certainty  that  the
          behavior data                                    insights  gleaned  can  be  trusted,”  says  Isbister.
                                                           “Understanding  real,  human  behavior  by  analyzing
       •  38% gain insight into store location performance   mobile location data gives brands the truth about what
                                                           people actually do. And it is this real-world intelligence
       •  35%  use location data to  close the  online to offline  that  delivers  real  consumer  engagement  and  a
          attribution gap                                  measurable sales uplift.”

       Location-based marketing spend is growing           Using location data to close the attribution gap

       Marketers  are  spending  more  of  their  annual  digital  Another  practical  use  of  location-data  is  to  help
       marketing  budgets  on  paid  location-data  based  marketers  measure  relevance  and  attribution.  55%  of
       advertising:                                        the marketers surveyed shared that they are doing this
                                                           already,  using  it  for  out  of  home  buys  (67%)  and  TV
       •   31%  of  marketers  spent  between  $10,000  and  adverts  (63%).  Finally,  58%  of  the  150  marketers
          $50,000                                          mentioned  their  preference  for  using  a  first-touch
                                                           attribution model and 42% opted for last-touch.
       •   21% spent between $50,000 and $100,000, and
                                                           A quick note on location-based data in travel
       •   11% spent above $100,000
                                                           The  traveler  journey  can  be  broken  down  into  five
       Of  those  spending  more  than  $100,000  on  location-  phases:  being  inspired  to  go  travelling,  searching  for
       based marketing, only  website  development (19%)  and   providers, make a booking, the travel experience itself
       email marketing (15%) received greater investment.   and  sharing  reviews  and  travel  stories  upon  return.
                                                           Travel  marketers  thought  that  the  inspiration  and
       Addressing the knowledge-gap                        booking  phases  are  the  two  most  important
                                                           opportunities  for  location-based  marketing  to  deliver
       The survey also reveals that there are still areas where   personalized adverts and messaging.
       marketers  are  unsure  how  best  to  utilize  and  measure
       the effectiveness of location data in their campaigns:   The  full  report  can  be  downloaded:  Real-world
                                                           intelligence:  mapping  human  behavior  to  effective
        • 57% of respondents said that the difficulty evidencing   mobile marketing (Source: Blis) ◊
         ROI was their main challenge
                                                                                             By MediaBUZZ
        • 51%  cited  a  lack  of  established  standards,  metrics
         and guidelines
























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