Personal Injury Mastermind - Ep 114: Justin Q Croxton, Propellant Media | Summary and Q&A

TL;DR

Geofencing and omnichannel marketing strategies are essential for reaching the right audience and maximizing advertising effectiveness.

Key Insights

• 👻 Geofencing allows for hyper-targeted advertising by creating virtual boundaries around specific locations.
• 🥺 Site retargeting complements geofencing by engaging potential leads across multiple digital channels.
• 💨 Programmatic display advertising operates on a CPM model, offering cost-effective ways to reach targeted audiences.
• 🎮 Omni-channel marketing, including social media retargeting and video advertising, enhances brand visibility and increases conversions.
• 👮 Strategic investment in geofencing and site retargeting can provide a competitive edge for law firms.
• 🎮 Leveraging video content and OTT advertising can further enhance marketing strategies.
• 🏥 Targeting specific locations like hospitals or towing centers can increase the relevance and effectiveness of geofencing campaigns.

Transcript

it's marketing malpractice to put all of your eggs in one digital basket it just is if you put all your eggs in one basket it doesn't work and your attorney you're like this isn't going to work this thing of marketing is horrible or this agency or this company is not doing the right thing no you know folks need to be hit in multiple ways meeting th... Read More

Questions & Answers

Q: How does geofencing work, and what makes it different from traditional advertising methods?

Geofencing targets individuals in specific locations with ads, reducing waste and increasing precision compared to broader marketing tactics. It allows for targeting based on real-time location data.

Q: What role does site retargeting play in an omnichannel marketing strategy?

Site retargeting ensures that potential leads are continually engaged across various digital platforms, enhancing brand visibility and increasing conversion rates over time.

Q: What are the cost structures and budgets associated with geofencing and programmatic display advertising?

Geofencing typically operates on a cost-per-thousand-impressions (CPM) model, with varying CPM rates depending on the platform and targeting specifics. Budgets can range from a few hundred to several thousand dollars per month.

Q: How can geofencing be leveraged to target specific audiences effectively, such as accident victims around hospitals?

Geofencing enables precise targeting of individuals in locations like hospitals, towing centers, or collision repair shops, ensuring ads reach relevant audiences with high conversion potential.

Summary & Key Takeaways

• Geofencing allows precise targeting by creating virtual fences around specific locations to serve ads.

• Omni-channel marketing, including site retargeting, complements a multi-faceted digital marketing approach.

• Strategic investment in geofencing and omnichannel marketing can help law firms attract leads effectively.