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How location-based marketing is reshaping retail. Excited on how LoMoCoin will play in on this!

Retailers, welcome to 2016. Mobile is all around us and digital technologies are changing faster than most brands can keep up with. Agility is the key to success, but exactly how can retailers remain up to speed with consumers today? Enter location-based marketing.

Location-based marketing integrates mobile content with location-based services. (Source: iStock/Kikovic)

Location-based marketing is not a new tactic, of course. But with mobile driving marketing budgets and plans in 2016, location-based strategies open the door for huge new opportunities this year, especially when done right. However, retailers remain hesitant as they figure out the right way to approach geomarketing; if it’s done wrong, your customers will surely not love you.

Consumers want personalization; they want a frictionless journey as they move between channels and devices; and they want experiences that improve and enhance their day-to-day lives. Mobile is now the extension of a retailer’s storefront, and tactics using location allow brands to send tailored, personalized messages to the consumer.

Yet location technologies rank near the bottom of the investment priority list for retailers in 2016, according to a new study from eTail and RetailMeNot. Additionally, in Forrester Research’s The State of Retailing Online (SORO) 2016 report, less than 10% of retailers are focusing on these tactics in the coming year. This provides an opportunity for those who are willing to test the waters to jump ahead of the competition.

Here are three ways brands can make the most of location-based marketing: 

Remove the Creep Factor

Consumer privacy is a primary concern when it comes to location-based targeting and advertising, which often makes retailers reluctant to utilize these tactics. When done right though—and with the consent of the consumer—geomarketing ...

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