Mobile Marketing
Mobile Marketing
Mobile Marketing
INTRODUCTION
It is the latest buzz in the field of advertising. It is cost effective way to promote and inform the target customers. It become the integral part of the marketing mix. Mobile phone users are rapidly increasing in India, India ranked 3rd in terms of mobile users. Mobile advertising market reach $ 4 billion in 2008, with 25% growth rate.
It is an innovative and customer centric approach to reach promising customers. It includes advertising in the form of:
Short Message Service (SMS). Multimedia Message (MMS). Mobile Alerts. Mobile Games and Videos.
Content
Cross-media marketing
Campaign management
Customer database
Carrier Cooperation
Content - Attract users and keep them coming - Time sensitiveness, personalization and location awareness key success elements
Campaign Management
- The campaign management technology enables campaign execution and analyzing. - Technology key components direct connections to the mobile operators - The other component is a technology platform that builds the necessary layers of intelligence into the campaign, creating different campaign mechanics such as point collection, m-couponing, and reporting on campaign progress
Customer Database
- Mobile Advertising is permission-based - Opt-in approach - No permission is needed to communicate with existing customer offering similar products and services with the option to opt-out - Media owning and/or accessing customer database is a prerequisite for successful Mobile Advertising - Mobile Advertising companies are prime providers of mobile media sales, and act as aggregators of permission-based mobile numbers.
Carrier Cooperation
- Experts and knowledgeable in mobile services - Control the distribution channel and location-based services - Available rewards and reward distribution channels
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Promote the channel, the industry and individual member companies to brands and agencies in order to create more commercial opportunities for its members, demonstrating that membership creates a competitive advantage for companies. Educate brands, agencies and consumers about the full scale and scope of the mobile marketing channel, highlighting its advantages and benefits.
Measure by creating and developing authoritative measurement, metrics and insight into the size, growth, trends and effectiveness of mobile marketing.
Guide by continuing to create and develop guidelines, best practices and standards designed to ease the planning, purchase and implementation of mobile marketing. Protect the opportunity by representing the industry before regulators and legislators and by managing industry self-regulatory programs to maximize public and industry confidence in mobile marketing, lower barriers to entry and minimize non-economic costs of doing business.
CONCLUSION
If we consider the stages of Product Life Cycle (PLC), then mobile advertising can be put under growth stage where much of its potentialities are still to be exhausted and can be used for not only to the befit of individuals, but also of the advertisers. Share of advertising spend is very less in this fast and growing market, it will get increased in the near future. Considering the above mentioned successful mobile advertising cases, we can say that it has a long way to go and will surely and attract more advertising