What is Geofencing ? How much geofencing cost?

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What Is Geofencing ? How Much Geofencing
Cost?
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Blog USA ENTERPRISE MOBILITY Mobile Application Development January 24, 2020
Posted by : fugenx Comments: 4 Likes: 0
It is the right time to integrate geofencing into your business. It’s proven to get you more
engagement, sales, and loyal customers.
Various smart companies send specific promotions or product offers to customer’s
mobile gadgets when they trigger a search in a pre-defined geographical location,
neighborhood, enter a mall or a store.


Do you want to progress your customer experience? I am sure most of you will raise your
hands to say yes. Based on that, 90% of customer experience decision-makers have
agreed that good customer experience is essential for their business success.
We all know that customers are the primary source of revenue for every organization,
and delivering high-quality service via geofence is important.
You can’t neglect this if you are into any form of digital marketing, as it will help in
acquiring new customers and convert them into clients. According to the Harvard
Business Review, enhancing customer retention rates by 5% raises profits by 25% to 95%.
Since customer retention is a tough task, knowing how to interact with your potential
leads in a more personalized manner will help.
In earlier stages, you start reaching out to loyal and potential customer’s at the most
appropriate time, with the suitable service/product, the better results you are likely to
get.
You may be thinking about how to achieve the above strategy?
Just a simple solution. Integrate geofencing into your marketing strategy, and you will be
surprised after seeing the consistent results.
I think you are wondering what it is all about? On the other hand, you might have an idea
about it.
Just relax and continue reading; you will get a clear view of Geofencing by the end of this
guide.
Now, let us start with the basics.
What is Geofencing?
Let us have a guise at some of the geofencing definitions.
According to the TechTarget, geo-fencing (geofencing) described as:
While Wikipedia defines geo fencing as:
A geo fence is a virtual perimeter for a real-world geographical location.

To make you understand easily, I am giving you a simple definition; Geo-fencing is a
simple technique of serving smartphone users with the ads that are pertinent to them,
by creating a boundary around your business location that notifies users when they
enter the virtual perimeter.
You can select and mark off a geographical location from a map and set up a digital
barrier around it. Therefore, this fenced-off area can now discover and interact with the
mobile devices that breach its territory.
Both IOS and Android enable you to create a geofence by providing the lat-long and
radius of the center of the real geographical region that you want to look after.
People are always using their smartphones with them even though they are on the go, to
search for services or products before purchasing them.
Now, you have a clear view regarding whether to build geofencing campaigns or ignore.
At the current stage, it is the right choice to include geofencing marketing in your
marketing strategy.
Let’s move on to the technical aspects of geofencing.
Possibilities of Geofence marketing
After knowing about the geofence, you may be curious about the options of geofence
marketing?
Continue reading
Here are the six places you can target with geofence
marketing
1. Your pre-defined location
2. Competitor’s locations
3. Colleges
4. Events or trade shows
5. Nearby stores and streets
6. Households via addressable geofencing

Why does Geofencing required for your business?
Whether you unbelievably geofencing works well for local businesses, expressly for those
who rely upon on-location visits to generate leads, as it enables you to do it following:
1 . Enhances brand awareness
The mobile marketing strategy that influences on geofencing that provides multi-
channel and local businesses, the option to interact with their potential customers who
are nearby and ready to purchase through mobile gadgets.
It helps as a reminder to your consumers to select your brand out of hundreds of other
similar businesses in a particular region.
2 . Easy customer reach
It is the option that you can’t take for granted to reach out to your customers. The reason
is it sends notifications to your customers about your service/product whenever they
come close to your business location with the help of their mobile phone.
There is no doubt on the results that it will generate, after seeing the usage of various
digital devices.
3 . Reduction in the cost of marketing

Most of the companies will spend a lot of money on creating ads campaign, which
became a burden for most of the companies. In this type of situation, you can cut down
the cost by using geofencing, and still, we can produce great results.
You may think of how it is so efficient.
Because it focuses on local customers, and these customers are likely to buy from you.
With the introduction of geofencing, you do not need to stand in front of your shop to call
anybody who passes by because you are already aware of your potential customers.
By using GPS virtually on tablets and smartphones, efficient tracking is easy for both
consumers and marketers. Introduction of geofencing given various opportunities for
online entrepreneurs, because they can now locate their qualified customer’s right on
the go.
In the market, most of the companies have recorded success with the help of
geofencing advertising and campaigns.
To get more clarity to have a look at the business models that can make use of the
geofencing Android/IOS applications:
In this case, geofencing used to restrict staff from entering some spaces within the firm
without a second verification.
Human resource management

The geofencing can help the security authority when a person under arrest goes out of
the building.
It will send a notification to the network administrator when a company asset goes
missing, which meant to be utilized within the firm. From there, the network admin can
track the location and lock it from being accessed.
Geofencing can also be helpful with telematics, enabling companies to draw virtual
zones around sites, secure areas, and work areas. They can be triggered by a person or
a vehicle and sends alerts to the operator.
A company can utilize the geofencing feature to notify its customers related to coupons,
ongoing promo, and new products when the customer enters a pre-defined
geographical location with the help of their smartphones.
4. Attract new customers
It helps to attract new customers to your store by sending them special
discounts/vouchers when they come to your geofencing area.
Types of Geofencing
Currently, we have two kinds of geofence virtual barriers; they are:
1. Active geofence
The active geofence mainly depends on the end-user. It can effortlessly use location
services to locate them down. It can also be done using some mobile apps.
Law enforcement
Asset management
Telematics
Marketing

2. Passive geofencing
The passive geofence is something that stays active all the time. It mostly depends on
internet connectivity; it may be Wi-Fi/cellular. It always works on the background if the
location on the smartphone is enabled.
How does Geofencing work?
So far, we have concealed a lot about Geofences, what geofencing marketing software
can do for your business.
Now, it is time to know how it works.
It is simple, though.
To make use of geofencing, a developer or an administrator must establish a virtual
boundary around a specified location in RFID- or GPS enabled software.
Do not panic. It is as simple as a circle drawn 250 feet around a location on Google
Maps, as specified using APIs when developing the mobile app. ( Get to know How Much
Does It Cost to Develop a Mobile App)
After this, geofencing will help you to keep control of your business by notifying you when
a potential customer passes by your store/enters a predefined area.
You get geofence working; you need to use a mapping product like Google map to map
out locations you want to geofence. You can define your geofence region in a polygon or
circular shape in most of the cases.
Have any app idea? What kind of app are you look
out?
Here our analysis of famous apps

Source: Developer Android
Once your geofence activated, the system can trigger any action that is defined by you.
It may be enter, exit, and time spent, and it keeps track of everything.
To attain successful geofencing, you need to incorporate explicit personalized messages
and customer targeting.
You can’t be so effective when you entirely depend on technology.
When accuracy is not the point of concern, then its good to go with creating a circular
geofence. But, when you are targeting exact locations like Postmates- in such cases, you
need to go with polygonal Geofences.
We all are aware that if we used well, the result of geofencing would be safe and
efficient.
Though it is a new practice, the rate of success achieved with it is limitless.
Urban areas are the primary sufferers of traffic problems. Especially during office hours,
it becomes very tough to reach work on time and even at home. This issue can be
Uses of Geofencing
Traffic restrictions

resolved by placing restrictions in that particular area.
To the restricted areas, we can use the geofencing that can be used to alert vehicles to
not enter through specific points.
Before the arrival smartphone, it is very much challenging to monitor the total visit to a
particular place. However, the introduction of Geofences made it possible. It shows the
number of times an asset goes to a specific location that used to increase the ROI.
The information we collected helps analyze the insights that help in decision-making.
This technology offers easy tracking and evidence of the total time, which spent on a
specific location. This kind of information does not need manual input since it will be
done automatically to billing.
It is done extensively to pay quicker and reduce administration.
An alert will be triggered when a person enters a geofence area/leaves that particular
area where it is assigned to be located at. You are notified; it is possible to investigate
the situation as early as possible before we lose control.
This technology used to monitor asset timing exit and entry from a particular location.
With the help of this, it is possible to track down the turnaround times, and we can find
whether the location performance is accurate or poor.
This type of application mainly followed in the transport or logistics industry to keep an
eye on the vehicles. With the help of geofencing, we can easily check the products
loaded, reloaded, unloaded, and time to reach to the final destination.
Limitations of Geofencing
Location tracking
Billion accuracy
Notifies when assets leave
Turnaround times
Background functionality

Geofencing in the background is crucial for most of the projects because majority of the
people generally don’t walk with their phones or apps open all the time. The functionality
will differ from IOS and Android, but both can achieve the desired geofencing
capabilities.
While building your geofencing application ( Case Study) , make sure you maintain a
perfect balance between battery consumption, background functionality, and accuracy.
There is no doubt; the battery consumption increases a bit when you enable location
services. It is imperative to find a geofencing solution that has decreases dependence
on GPS.

If you are looking to setup Geofences indoors, you need to do a bit of preparatory work in
the venue. For indoor installation, you need to map for geomagnetic coverage or Wi-Fi,
or Bluetooth beacons installed.
When you for Bluetooth beacons, remember to also ask for permission for Bluetooth.
When it comes to the size of geofence, it raised different questions about how big I can
go or what is the minimum size of a geofence.
Geofence has does not have any limit in size, but the issue is it could send the same
notification to all app users in bulk, regardless of their position. The minimum size of
geofence depends on the technologies used, and also the physical location and
accuracy of Wi-Fi/GPS data there.
The limitations for Android & IOS SDK is a maximum of 20 different Geofences/regions
that the app can detect. However, for Android, the limit for the geofence amount is 100
Geofences.
If you want to go over the limit, then it is better to go for the external geofencing
platform, then Proximi.io is the right choice.
Battery consumption
Indoor setup
Size
Amount

Bene ts of Using Geofencing
With Geofencing technology, you can alert nearby to look you up on social media for
better user engagement.
To be precise, it serves as your gateway to your social media and internet identity.
Geofencing also acts as an ads portal when potential users come close to your store,
and you are notified of their presence. When businesses receive an alert, they will send
new products and discounts to the users that help them to consider your business.
Good marketing requires two-way communication between marketers and customers.
The use of Geofencing makes it a lot easier and effective. As Geofencing gives you real-
time analytics to the business, it helps them to receive and provide what customers
want.
In recent times, mobile use rate has gone, and mobile users are highly interested when
they go online; providing a free Wi-Fi service in your restaurant, hospital, and bar will
improve customer experience.
Marketing tools help you to make work faster, efficient, and on time. Therefore, it is better
to go for geofencing tools to run successful marketing campaigning.
Below are some of the best geofencing tools available in the market that we can use
Online presence for your offline business
Ads portal
Real-time analytics
It offers a service
Geo-fencing tools
Koupon media

Every business knows targeted marketing works well, it is the best way to reach out to
people, and Koupon media allows you to do just that.
Koupon media not only delivers location-specific messages or ads depending on their
customer geofence area, but they also offer in-depth targeting that enables you to
minimize the demographic.
It has a feature that studies the behavioral attribute of customers within the geofencing
location and uses that information to present offers to the buyers they cannot resist
while they are shopping.
xAd is a leading proprietary platform that spontaneously creates borders around places
that often visited by a user.
xAd

A tool removes every form of assumption in the field of marketing because it serves
messages depending on your customer’s location. You can also call it as proximity
targeting.
NextBee is another excellent tool for geofencing. The platform provides you location-
based rewards.
In this case, when a user comes to your geofence area, they receive a notification about
a limited time exclusive offer on one of the products that users regularly buy.
Remarkably few people will not follow in this strategy, and since they are there already, it
is effortless to sell.
NextBee
Ninth Decimal

This tool helps the companies to target customers near their stores and users at
competitors’ locations. The tool has a driving and walking map to lead your customers
to your nearest store easily.
It is all about saying the right thing to the right person at the right time.
LocatioSmart is a combination of carrier networks, and big data from devices to match
the right offers to the targeted customers and send marketing messages within the
mobile fence area.
At present generation, most of the people attached or you can say addicted to mobile
phones all the time. Therefore, it is your responsibility to engage customers when they
are not asleep.
LocationSmart
Conclusion

Benefits of Using GeofencingComplete Guide On Geo-Fencing 2020geofencing
geofencing in mobile applicationHow does Geofencing workLimitations of Geofencing
Types of GeofencingWhy does Geofencing required for your business
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Based on the report of MarketandMarkets, global geofencing marketing size expected to
reach US$ 1,825.3 million by 2022, with a CAGR (compound annual growth rate) of 27.5%.
Its major part is the logistics and transportation industry.
So, it’s right time to go with geofencing marketing to enhance your business.
I hope this guide has given a clear view of the geofencing.
If you want to know more about geofencing marketing, subscribe to us.
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delivering quality driven mobility services across the world. We have been crowned with many
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