Updated for 2024 – In this article we cover; What is the typical CPM (cost per mille or thousand impressions) would be for media buying. The overall cost of running an ad campaign using location targeting or a “geo-fence’. What makes the geofencing pricing vary? Please keep in mind geo-targeting will be less cost per thousand typically than geofencing.

How much is geofencing?

The short answer: Pricing ranges in our industry between $4-$14 CPM. We typically run at $8 CPM or Less (cpm= cost per thousand impressions) Why the range? This can be based on total volume and ad format to run a display advertising campaign using geofencing a a tool using location data.

The longer answer: It depends on needed features. How much is geofencing total is depending on various factors such as full vs. self service, length of time and the size and scale but a campaign total can be ran for anywhere from $100 up to as many impressions available.

Click here to see our starting pricing for mobile advertising using geofences.

One of the biggest questions – and common misconceptions – is around the pricing and cost of geofencing. So what IS the total cost of geofencing marketing? There are two ways to look at the cost of a geofencing campaign. First is the cost of the software. This can be as easy as build in cost of your DSP. The second is the cost of the media you are purchasing typically in cost per thousand. In the post below we breakdown both.

The marketing geofencing pricing of running a geofencing campaign varies on a few factors but almost always is quoted by cost per thousand or CPM.  The of creating a geofence is much less than the cost of the media it is running from the request.

Need more info? — Quick links- DIY Geofencing   Top FAQs –  Our Starting Pricing Case Studies

Read more below to see where you could fall within this spectrum of cost per thousand impressions.

Top Reasons Why Does Geofencing Pricing Vary?

Many factors can affect the price, including advanced targeting features and impression volume. For example, if you purchase a 1 million impressions, your CPM will likely be higher than if you were to purchase 25M impressions. Our pricing is based on volume so the more you purchase the lower the overall CPM.

Get Access To Our Ad Buying & Geofencing Solution Today!!!  -Click here for access

Here are five questions to consider when requesting a quote for geofencing services:

5 Cost of Geofencing Components

  1. Full-service or self-service? – On a budget? Hands-on kind of team? Some self-service options may work for you, but others it may be too much of an investment in time and resources. At Thumbvista, we offer both Managed and Self Service. We consider ourselves a full-service agency with self-service competitive pricing. We can provide the level of service and premium features one would expected from a full-service agency, but our pricing is comparable to what you would see with many self-service options. It’s the best of both worlds. Self service campaigns can start low and have flexibility base on needs. These campaigns are good for general branding around your business or your competition. Full or “Manage” services are typically a little more cost per thousand due to the nature of the campaign. Many times the managed services will be a great fit for more complex targeting using data, premium placement buying or advance optimization techniques. This can be well worth the minimal difference. (For our self service option read more below.
  2. Size and number of geofences? – The size and number of geofences can greatly influence the cost of your campaign. Fifty geofences within a zip code will cost you more than simply geofencing the entire zip code. The larger the geofence, the lower the CPM (cost per thousand), because the volume is typically higher and inventory is more plentiful.
  3. Where do you want to be seen? – This is a tricky one, but important. If you want specific placements, you can and should request them. If not, then the real-time-bidding (RTB) world takes over and your ads could appear on thousands of different sites, some of which could contain questionable content. Thumbvista uses blacklists and manual optimization techniques to help ensure quality placements. We also offer placement white-listing for specific or premium requests. Only want to appear on national news sites? We have a white list for that. Only want quality parenting sites? We have a white list for that too.geofence of airport geofencing marketing cost
  4. What is the level of reporting? –  Not all services are alike. Some are fully transparent and others are not. Some show the breakdown of impressions per location, and some only give a total overall campaign. Some companies won’t even tell you where your ads appeared. Thumbvista’s managed services team works with you before your campaign to determine what data you would like to see on your reports and what your KPIs are for the project.
  5. How much data layering and premium features do you want? – The more bells and whistles you add to your campaign, the higher the price. Demographic and behavior targeting, retargeting, and other features come at a cost. Often times, they’re well worth the investment, but they can easily double or triple the campaign costs. At Thumbvista, we’ll work with you to determine if the added cost is worth the investment based on our history and experience working on hundreds of campaigns. Premium features we include typically are for viewability, ad quality and bot and fraud prevention.

apps

Get Access To Our Ad Buying & Geofencing Solution Today!!!  -Click here for access

When it comes to pricing, answering these few quick questions will give you an idea of the budget you would need for a successful campaign. Volume purchases or bulk buys can also help you get a great deal from companies that offer them.

Would you like a quick custom quote? – 

At Thumbvista, our expertise and global partnerships help us deliver affordable, strategic campaigns for our clients all over the world. The cost of geofencing marketing can be tricky and to truly get the best geofencing pricing possible we recommend asking some of the questions above before starting a campaign. If you are more of a “do it your self” guy or gal and need basic geofencing with streamline features for easy to launch campaigns, check out our self service option with small setup fee and as low as $300.

We’d love to help you with your next campaign whether managed or self service. Contact us today for a custom project recommendation and quote.