In this podcast episode, Mari-Liis Vaher from Powerful Marketers interviews Wayne Reuvers, an expert in multi-location digital marketing. Wayne emphasizes the importance of localized digital presence. He highlights the significance of personalized marketing for each specific location, as most people spend their disposable income within 15 miles of where they live and work. By incorporating city names into ads and buying media locally, businesses can increase response rates and lower costs. Overall, Wayne provides practical tips and insights for businesses looking to establish a localized digital presence.
Wayne is the Founder and Chief Strategy Officer of LiveTechnology Holdings and LiveRetail. He has successfully invested in and built multiple subsidiaries and successfully exited 6 businesses having created over $110 million in wealth for the investors.
In today's interconnected world, businesses face the challenge of reaching and engaging customers across multiple locations. The key to success lies in establishing a strong localized digital presence. In this post, we will explore the importance of multi-location digital marketing and the transformative impact it can have on businesses. Prepare to unlock the untapped potential of localized marketing and discover how it can propel your business to new heights in an increasingly digital era.
The Importance of Local Marketing:
Majority of consumer spending occurs within 15 miles of where people live and work. By incorporating the city or town name in ads, businesses can significantly increase their response rates. According to a case study, adding the city name to an ad resulted in a 2.6x higher response rate and reduced media costs.
Navigating Diverse Environments:
Addressing customers in their preferred language is a powerful way to engage them. Personalization, such as using language and imagery that resonate with the target audience is important for the success of a campaign. These elements can dramatically enhance response rates and connection with customers.
Simplifying Implementation with AI:
Live Technology's AI-driven platform simplifies the process of creating and targeting ads. By automating ad creation, utilizing brand guidelines, and extracting relevant information from websites, businesses can easily generate localized carousel ads. The platform also handles targeting and consolidates performance data for effective campaign optimization.
Implementing localized digital marketing can be daunting, but starting with free organic marketing and gradually transitioning to targeted ads is a practical approach. A great way to start is by utilizing resources like YouTube and podcasts for learning, while Live Technology offers a comprehensive solution to automate ad creation, targeting, and reporting.
By embracing localized digital marketing strategies, businesses can establish a strong digital presence tailored to each specific location. With the support of AI technology and practical insights from Wayne, unlocking the potential of multi-location digital marketing becomes more accessible and effective.
- “About 85% of a consumer's disposable income will be spent within 15 miles." (00:02:54)
- "We traditionally just see an ad that just talks about the product and has a headline and that's it. By adding the name of that city, the response rate will go up by a minimum of 30 to 40 per cent and typically four to five times.” (00:03:36)
- “Whether you're apparel companies like Nike and Unilever, Procter & Gamble, you're all bidding against each other. So you're paying for a premium. On the other hand, when you buy that same set of criteria - so someone is interested in a product within the age range, income level, et cetera, but within six or seven kilometres or 10 or 12 miles around an area, you have no competitive bidding against you for those criteria. So the cost of your media is typically 60 per cent less.” (00:04:46)
- “As a local business, the most important thing you have, and we always hear it, is location, location, location. And the reality is you need to make sure you market that location. So every ad you run has to include the name of a city or town because people that recognize that will respond and be engaged much higher.” (00:07:17)
- “When you buy your advertising, you need to hyper-target it. And in digital, the more targeting elements you have, the better it is because you reduce your cost because you remove competition." (00:07:38)
- “The reason you want those carousel ads is they help with engagement. So on social media sites, you can click on an ad and go to the website or buy something, do whatever you need. You can actually interact with the ad. You can slide it across and that gets people engaged. They can like the ad, which gives you free exposure. They can share the ad, which is even more valuable because people only share ads to applicable other people that are interested in the ad.” (00:19:27)
- “Social media is at least 60 to 120 per cent more effective when you're doing localized advertising.” (00:19:59)
- [00:04:43] Hyper-targeting advertising.
- [00:12:40] Pre-built ads with AI.
- [00:15:00] Reducing Cost of Ad Production.
- [00:17:59] Social Media Advertising Techniques.
- [00:24:52] Crowdfunding a Business Opportunity.
Connect with Wayne Reuvers: