Techniques described herein may be used to conserver battery power of an Internet of Things (IoT) tracker by increasing the overall amount of time that the IoT tracker is in a battery conservation mode (a sleep mode, a Power Save Mode (PSM), etc.). An IoT tracker may implement a battery conservation policy that may include instructions that cause the IoT tracker to monitor certain conditions, determine when the conditions satisfy a particular trigger, and implement a battery conservation mode in response to those conditions. Examples of such conditions may include (1) the IoT tracker being close to a user device designated to track the location of the IoT tracker, (2) identifying that a current time and day are associated with a pre-selected schedule for disabling tracking services, (3) the IoT tracker being located within a particular geographic area, and more.