“Physical retargeting” involves identifying and getting to know the customers, identifying their needs and proposing them individual advertising. This can dramatically change the selling paradigm with a multi-channel selling process, transforming the drawback of the high fixed cost storefront into an efficient touchpoint area benefit, and generating competitive advantage to physical retailers compared to online-only retailers.
Fidzup wants to leverage its knowledge in marketing analysis for physical retailers by proposing the first complete physical retargeting tool: Fidzup Retargeting.
The feasibility study aimed to assess three key levels:
1. Technical: Testing and verifying that Fidzup Retargeting works flawlessly when integrated
2. Economic: Analysing and deciding on business model: approaching physical retailers; revenue collection (fixed licensing fee, CPM, CPC, CPS… and what amount or percentage); and level of customisation to offer.
3. Legal: Identifying legal issues relating to data collection in the different countries Fidzup plans to propose Fidzup Retargeting initially.