The cost of geofencing will depend on several different factors. This includes how many geofences you set up, the size of your geofence, and which geofencing service you use.
On average, expect to pay $3.50- $15 CPM. CPM refers to the cost per mile, or cost per thousand clicks. When looking at the total cost for marketing with geofencing, this could add up to around $1,500-$3200 per month.