SYSTEM AND METHOD FOR ADAPTIVE USE OF GEOFENCE PARAMETERS
A method is provided for ascertaining the proximity of a mobile technology platform to a location. The method includes comparing the percent overlap of a first geofence associated with the mobile technology platform with a second geofence associated with the location; if the percent overlap is greater than a predetermined threshold value T 1 , wherein T 1 <100%, then marking the mobile technology platform as having entered the second geofence, and otherwise marking the mobile technology platform as not having entered the second geofence.
A 1 . A method for assessing the marketing efficacy of an advertisement, comprising:
identifying a plurality of mobile technology platforms whose geofences have overlapped, by a percentage in excess of T, a geofence associated with a first location at which an advertisement for a product or service is displayed; and
determining the percentage of the plurality of mobile technology platforms which (a) are involved in a subsequent purchase of the advertised product or service, or (b) enter a geofence associated with a second location at which the advertised product or service is sold.
A 2 . The method of claim A 1 , wherein the second location is a plurality of locations.
A 3 . The method of claim A 1 , further comprising determining the percentage of the plurality of mobile technology platforms which are involved in a subsequent purchase of the advertised product or service within a specified period of time.
A 4 . The method of claim A 1 , further comprising determining the percentage of the plurality of mobile technology platforms which enter a geofence associated with a second location at which the advertised product or service is sold within a specified period of time.
B 1 . A method for ascertaining the proximity of a mobile technology platform to a location, comprising:
comparing the percent overlap of a first geofence associated with the mobile technology platform with a second geofence associated with the location;
if the percent overlap is greater than a predetermined threshold value T 1 , wherein T 1 <100, then marking the mobile technology platform as having entered the second geofence, and otherwise marking the mobile technology platform as not having entered the second geofence.
B 2 . The method of claim B 1 , wherein 0<T 1 <100%.
B 3 . The method of claim B 1 , wherein the location is a physical store, and wherein T is set by the merchant.
B 4 . The method of claim B 1 , wherein T 1 is set by a client resident on the mobile technology platform.
B 5 . The method of claim B 1 wherein, if the mobile technology platform is marked as having entered the geofence, then sending a message to the mobile technology platform.
B 6 . The method of claim B 5 , wherein the message is selected from the group consisting of advertisements and offers.
B 7 . The method of claim B 1 , wherein T 1 is programmably adjustable.
B 8 . The method of claim B 1 , wherein T 1 is manually adjustable.
B 9 . The method of claim B 1 , wherein the location is a store, and further comprising:
if the percent overlap is greater than T 1 , then determining whether the mobile communications device is associated with a person who was targeted in an advertising campaign.
B 10 . The method of claim B 9 , wherein determining whether the mobile communications device is associated with a person who was targeted in an advertising campaign includes determining whether an advertising message associated with the store was sent to the mobile communications device.
B 11 . The method of claim B 9 , wherein determining whether the mobile communications device is associated with a person who was targeted in an advertising campaign includes determining whether an advertising message associated with the store was sent to the mobile communications device within the past month.
B 12 . The method of claim B 9 , wherein determining whether the mobile communications device is associated with a person who was targeted in an advertising campaign includes determining whether an advertising message associated with the store was sent to the mobile communications device within the past week.
B 13 . The method of claim B 9 , wherein determining whether the mobile communications device is associated with a person who was targeted in an advertising campaign includes determining whether an advertising message associated with the store was sent to the mobile communications device within the past three days.
B 14 . The method of claim B 9 , wherein determining whether the mobile communications device is associated with a person who was targeted in an advertising campaign is part of an effort to determine conversion rates across an advertising campaign.
C 1 . A method for ascertaining the proximity of a mobile technology platform to a location, comprising:
comparing the percent overlap of a first geofence associated with the mobile technology platform with a second geofence associated with the location;
if the percent overlap is greater than a predetermined threshold value T 1 , wherein T 1 <100%, then sending a first message to the mobile technology platform, and if the percent overlap is greater than a predetermined threshold value T 2 , wherein T 1 <T 2 <100%, then sending a second message to the mobile technology platform, the content of which is distinct from the content of the first message.
C 2 . The method of claim C 1 , wherein the location is a store, and wherein an overlap in excess of the threshold value T 2 indicates entry into the store.
C 3 . The method of claim C 2 , wherein an overlap in excess of the threshold value T 1 indicates proximity to the store.
C 4 . The method of claim C 1 , wherein the first and second messages are selected from the group consisting of advertisements and offers.
D 1 . A method for targeting advertisement to a mobile communications device, comprising:
targeting a plurality of mobile technology platforms with an advertising campaign, thereby creating plurality of targeted mobile technology platforms;
determining whether a mobile technology platform has entered a location by ascertaining whether a geofence associated with the mobile technology platform has overlapped a geofence associated with the location by a percentage in excess of T; and
determining whether any mobile technology platform that has entered the location is a targeted mobile technology platform.
D 2 . The method of claim D 1 , further comprising:
determining the percentage of targeted mobile technology platforms that have entered the location.
D 3 . The method of claim D 1 , wherein determining whether any mobile technology platform that has entered the location is a targeted mobile technology platform includes comparing a device ID to which an advertising message was sent to the device ID of a mobile technology platform that has entered the location.
D 4 . The method of claim D 1 , wherein determining whether any mobile technology platform that has entered the location is a targeted mobile technology platform includes comparing a device ID on which certain media was consumed on to the device ID of a mobile technology platform that has entered the location.
D 5 . The method of claim D 1 , wherein determining whether any mobile technology platform that has entered the location is a targeted mobile technology platform includes
tracking a media feed;
associating a device ID with consumption of the tracked media feed; and
determining whether an associated device ID corresponds to the device ID of a mobile technology platform that has entered the location.
D 6 . The method of claim D 1 , wherein the location is a bricks and mortar store associated with a merchant.
E 1 . A method for correlating interest in a product with a visit to a vendor location, the method comprising:
identifying a party from their login to a web site;
ascertaining the interest of the party in a product by identifying the product as being selected for placement into an online shopping cart;
determining whether a mobile technology platform associated with the party has entered the vendor location by ascertaining whether a geofence associated with the mobile technology platform has overlapped a geofence associated with the vendor location by a percentage in excess of T; and
correlating the party's interest with the product with the party's entry to the vendor location.
E 2 . The method of claim E 1 , wherein the shopping cart is abandoned.
E 3 . The method of claim E 1 , further comprising:
confirming purchase of the product by the party at the vendor location.