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How Much Does Geofencing Marketing Cost? A Helpful Guide

Strategy Driven

A geofence is a virtual boundary that defines a specific geographic area with GPS (global positioning system) or RFID (radio frequency identification). Many geofence companies charge based on CPMs. CPM stands for Cost Per 1,000 Impressions. For instance, a $14 CPM rate equates to 71.428 impressions.

CPM 66
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7 Marketing Technologies Every Company Must Use

Harvard Business Review

And since you usually pay on a CPM basis, you get tons of free impressions. Search ads by themselves don’t do nearly as much as search ads with great website conversion forms, remarketing, automated email follow up, and all tracked in a marketing automation system and integrated with your CRM. So it can be complicated.

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7 Marketing Technologies Every Company Must Use

Harvard Business Review

And since you usually pay on a CPM basis, you get tons of free impressions. Search ads by themselves don’t do nearly as much as search ads with great website conversion forms, remarketing, automated email follow up, and all tracked in a marketing automation system and integrated with your CRM. So it can be complicated.

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Who Rules the Web Now?

Harvard Business Review

The login systems for Facebook and iTunes give Facebook and Apple the ability to influence users through ad services downstream. They're out to kill the cost-per-thousand or CPM-based ad sales model. As they pursue their quest for greater scale, they are poised to bring the scale dynamics of digital businesses to offline activities.

CPA 15