Showing posts with label Mobile marketing. Show all posts
Showing posts with label Mobile marketing. Show all posts

Sunday, December 6, 2015

Radical Thoughts - The amalgamation of Mobile Marketing || Mohammed Fahd || IIM Shillong || November 2015 edition


The Amalgamation of Mobile Marketing

- Mohammed Fahd
IIM Shillong

“The 21st century is a digital book.” Incredibly true words stated by the character of Agent Jasper Sitwell in the popular Marvel movie Captain America: The Winter Soldier. However, while Hydra had taught the rogue SHIELD how to read this book in the movie, real world organisations have learnt it on their own & utilise it in a rather less sinister manner. The penetration of smart phones in the world will soon outstrip that of laptops & desktops. In fact, in many developing countries such as India a huge chunk of the population has already gained access to a smart phone, a large part of which never even owned a fixed landline phone. Thus, a large market has made itself available & with most of them being active on social media websites, every large company is looking for an efficient way to track & understand what these new customers, combined with their old ones, want & what they are saying about them. The contents of interest in this digital book are being made available on these social media websites & with the rise of mobile marketing a larger market is now available for marketers both to learn from & to provide to.

So how are modern companies embracing the feedback they receive? Well, the process they employ is relatively straightforward. A number of social media monitoring systems have been developed with every new system being more sophisticated than the previous one. However, they are also being integrated with Voice of Customer (VOC) data. This integration of social media with VOC data provides much more information as stated by Bruce Temkin, managing partner of the Temkin Group, “Companies are moving from just listening to their customers' moods to figuring out how to respond. It's one thing to know what people are saying about you, but it's another thing to know how to react and engage your customers.” This trend is now becoming apparent with more & more social media monitoring companies merging or acquiring traditional VOC companies.

And how is the growth of mobiles going to help everyone? Well, mobile marketing is the answer because it’s going to be huge. That’s why companies like InMobi are the next big thing because they can target these mobile platforms & help the big companies of this time & age reach out directly to their customers. As stated by GMR Marketing’s Senior Vice-President, Bryan Rasch, “Smartphones and tablets are taking over, as we get past more than fifty percent of people having smartphones, we're getting into the meat of consumerism, in which people will have a device that allows them to have a richer engagement with content. This presents lots of opportunities for retailers to introduce a full-blown mobile program.” Additionally, the campaigns can be even more successful if integrated with other channels, such as local & social.  Moreover, geolocation tools are emerging as an increasingly popular way to provide consumers customised information about a company’s products.

Thus, the 21st century & especially the last 2 years have provided a relative breakthrough for marketers to use the inter-connected world to their advantage & with technology advancements providing more & more insights, let’s hope that any further advances don’t go the rogue SHIELD/Hydra way!

Saturday, May 15, 2010

Marketing 2.0 ~ A new perspective on Mobile Marketing



Riddhiman Kundu, IIM C

One of the most disruptive marketing channels marketers can ill afford to ignore is mobile marketing. Business today is more challenging than ever before with customer service and communication taking unprecedented importance. Brands need to communicate directly with customers in real time in order to keep their finger on the pulse. Trends change more rapidly than traditional research can track. Mobile media marketing is opening up opportunities and challenges that need to be addressed and integrated in conventional marketing to enable businesses stay at the forefront.

Why Mobile Marketing Works

The biggest reason for the proliferation of mobile marketing strategy is the kind of opportunities it opens up both in B2B and B2C interactions. Why mobile marketing for B2C?

It is highly personalised and targeted, meaning it can reach people at the exact moment when they are most receptive to your communication. It boasts of high levels of interactivity, such that mobile ad campaigns lead to users to instantly making a call, sending a message or downloading content. Even more impressive is the precision with which mobile advertisements can be tracked and monitored, down to clicks, conversions and revenues.

Mobile marketing can also create new fast and interactive marketing channels to target niche markets on the fly and interact with customers; Push and pull rolled into one system.

Even for B2B services, mobile marketing is becoming indispensable. It provides for leveraging a dynamic, valuable and new product ‘touch point’ for highly engaged business customers. Professionals have transitioned to needing content in bite-size chunks due to more multi-tasking, increased flows of content and more communication channels for them to manage daily.

How Mobile Marketing Works

With the explosive growth of mobile phones the world over, dramatically faster download speeds due to technologies like 3G, Wimax and 4G (currently being deployed) mobile marketing has proliferated to become one of the most important marketing channels.

The Game Changers
What this article will further discuss is how it will be benefitted by the onset of a new disruptive technology- tablet computing.

One of the major drawbacks of mobile advertising is its inability to get the message properly conveyed across a rather small sized screen. Smartphones have opened up a window of opportunities but their screen is just too small to be of legitimate advertising appeal in the business world. This undermines their appeal as a potential ad medium.

The advent of tablet computers like the Apple iPad will prove a blessing. With their rich larger displays tablets will combine the best of both worlds- high personal engagement and visibility of content. Tablet computing is also likely to appeal to a broader group than Smartphones and may prove game changers for telecom and media industries. This makes it all the more suited platform on which brands can launch free applications to boost their multichannel marketing efforts.

Since Steve Jobs unveiled the long awaited iPad, mobile app developers like those at Omni Group have begun shelving unfinished iPhone/iPod applications and various digital projects to begin focusing on the mobile marketing-rich potential of the iPad. At present, it is in the process of introducing five of their groundbreaking productivity apps to the iPad. They include: OmniGraffle, OmniOutliner, OmniPlan, OmniFocus and OmniGraphSketcher.

Apple's recent $275/£171 million purchase of Quattro Wireless followed Google's November purchase of AdMob, another mobile ad provider, for $750 million signal the growth impetus of mobile marketing. Both Quattro and AdMob focus on in-application and other types of mobile ads, which are displayed on the iPhone/iPad or those that run Google's Android operating system.

According to the Mobile Marketing Association, the iPad can prove to be a win-win situation for marketers and consumers alike. For marketers, the impact aligns along the factors of potential reach and rich-media Internet-enabled services delivery. For consumers, the value aligns along the lines of increased capability and access. "This could give brands the ability to reach who they want, where they want, when they want with rich and compelling media and branded apps," says Michael Chang, CEO of Greystripe, San Francisco.

The bigger the canvas, the better it is for users viewing many types of media and for creative agencies who often feel restricted by the confines of a banner."Imagine watching a traditional television show in which the commercial shown was targeted toward people like you for a shop down the street," he says. "A single touch of the screen could pull up store hours, coupons and the phone number.”

"It is an exciting time for mobile advertising."

Clearly, the time for it to take the next big step has truly arrived.