An auto dealership was looking to increase brand awareness among their target audience and bring prospective buyers into their location. They enlisted the help of our team to utilize new geofencing technology to more precisely target their audience, improve their overall advertising performance and track online conversions. With a goal of achieving a 0.1% CTR, the dealership also wanted to track Cost Per Visit (CPV), defined as the total campaign spend divided by the number of users who were delivered an ad and then visited the dealership in-person.
Our team developed a comprehensive strategy of geofencing with conversion zones to target relevant local users, drive up CTR and increase online conversions. The first step was to build geofences around heavy traffic areas with high concentrations of users in the target market identified by the advertiser. Our team then setup a conversion zone around the advertiser’s dealership to measure online-to-offline conversions. Before and after campaign launch, our team and our multi-variate algorithms made optimizations to improve performance. These included adjusting day parting and pacing to ensure the campaign was live during peak performance hours, and also implementing creative pacing to spend more aggressively on the top performing creatives.
To date, our team has been able to exceed the initial campaign goal with a strong CTR of 0.17% and deliver a CPV of $20. Through the use of our team’s conversion zone tool, the advertiser has also been able to measure the exact number of conversions originating from each individual geofence. As the campaign continues, our team will continue to make mid-flight optimizations to improve performance.