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The document discusses how beacon marketing uses location-based services and Bluetooth/WiFi to send targeted offers to consumers' phones when they are near a store. Beacons allow retailers to track customer buying patterns and understand store traffic. Beacon-triggered messages influenced $4.1 billion in US retail sales in 2015-2016. Beacons also allow brands to gather consumer data on purchase history to provide personalized recommendations. 57% of consumers are willing to share data for coupons and discounts. In conclusion, beacon marketing enables highly targeted digital ads and collection of customer insights.