Offline or online, advertising is all about getting the right message out to the right people at the right time, and mobile location data can be instrumental to your goals.
Marketing agencies and teams across various sectors are recognizing the value of mobile location data. They are using it to build targeted campaigns, gauge competition, measure campaign performance, and optimize spending. Mobile location data can help businesses maximize ROI on their marketing and advertising spending, especially in offline campaigns that are harder to measure than digital efforts.
Using the insights from anonymized mobility data, you can make profitable marketing investments to improve brand visibility, promote offers and events, gain new customers, or increase visits to physical outlets. Out-of-Home (OOH) advertising is a sector where mobile location data and mobility insights have proven immensely useful.
Experts forecast that Out-of-Home (OOH) advertising will become a $33.1 billion industry by 2026. Despite the increasing popularity of digital channels, OOH ads remain an important method of context-based advertising that improves brand visibility, drives customers to your business location, and efficiently delivers relevant messages.
The growth on the OOH market has been made possible by the analysis of location data - collected from devices that are in everybody's pockets. Mobile location data provides actionable insight into where people are, and OOH media providers can harness this data to deliver timely and relevant messages to their audience.
"Quadrant has been a very agile and flexible data partner in Moving Walls' growth across new markets, allowing for delivering a multi-signal location data for the media, retail, and other industry verticals. The team at Quadrant has been open to new business models and forms of engagement."
Navonil Roy - COO, Moving Walls
One of our data partners worked with a large landscape equipment manufacturer to help them build tailored social media ads based on the visitation patterns of potential small businesses that provide landscaping services. For this use case, almost 680 landscape supply companies, 1102 full-service landscaping businesses, and approximately 16,000 lawn maintenance businesses were geofenced. The analysts then used Quadrant's mobile location data to identify and deliver targeted ads to the audience via Facebook Campaign Manager. This analysis also highlighted potential customers and B2B partners that could help expand their business and increase consumption in underserved areas.
An alcoholic beverage retailer placed various billboards around the city to increase visibility and awareness of their brand. Using Quadrant's mobile location data, our data partners Applied Post determined if a customer who visited the store had also been in the proximity of an advert. This correlation provided a near accurate conclusion of ad influence on that customer. For this analysis, our partner created geofences around specific outlets to correlate the visits at the stores with the potential coverage of an OOH campaign in the physical world.
The customer monitored the mobile location data in each billboard's view cone and compared it with the footfall data in the respective stores for a few weeks. Mobile location data in these areas of interest were also monitored after the campaign to judge its ROI. Using this analysis, the business was able to determine the conversion rate of the advertising campaign. Most often, accurate conversion statistics of physical ads cannot be achieved, unlike online ads, but location data makes this possible and with a high degree of accuracy and reliability.
Data scientists at Quadrant built a similar, sample analysis by geofencing an Apple store and a billboard nearby on Orchard road in Singapore. They built a visibility polygon based on a view from various angles around the location and mapped mobile location data around the area to gauge the saturation of crowds. With the right context, this analysis can be used to correlate mobile location data between two POIs. The correlation can uncover insights about movement of people and provide conversion statistics for a stationary OOH campaign. The insights can be further used to inform re-marketing techniques via digital location based ads.