Mobile Advertising Growth Monopolized
Mobile seems to be the place that we’re all headed. And Facebook is the place where much of that growth is being captured.
I keep hearing and reading about the fall of Facebook, and of the youth leaving in scores, but they are seeing the greatest increases in market share in mobile advertising. They are not the leader, but they lead in year on year growth since 2012 after having almost no mobile ad revenue in 2011. Facebook has risen from a 5.4% share in 2012 to 21.7% in 2014. Meanwhile, Google dropped almost six points.
Globally, the mobile advertising industry has more than tripled in two years to cross over $30 billion in 2014 (up from $18 billion last year) — a huge industry, but nothing like TV at almost $200 billion and print at $110 billion (Mashable).
As broadband becomes cheaper and as we untether from our wired home and office computers, mobile will become our screen of choice. You can already watch a lot of TV and listen to most radio stations on mobile, and we’re much more excited when a new mobile device is launched than we are a new computer, TV or music player. With Apple’s impending release of IOS 8, opening up a variety of new health tracking opportunities and home management abilities, we’re not very likely to slow down on our consumption of mobile.
The Death of the Checkout Line?
Who likes to stand in line for the privilege of buying something? How many times have you just walked away when the lineup was too long? Ever walked into a store, seen the lineup, and walked right back out again?
While many stores like to keep the human touch at the retail checkout, technology and smart phones are moving us away from the lineup. Check out the Apple Store near you. Just about every sales person on the floor is also a cashier. You bring your product to them, or ask someone to get it, and they check you out over their iPhone and email you the bill.
And, I'm sure that right at their fingertips, they have your entire purchase history, very useful in offering me something that they already know I would be interested in. I haven't seen them do this at the Apple Store, but I bet they are setting up for near field communications (NFC). See this post for more on NFC.
Long cashier lineups cause stress, anxiety and even bouts of rage —and it can stay with you for hours. The last thing that commissioned sales people want to see is their hard-earned sale balking at the lineup and abandoning the purchase. And who wants to abandon their purchase after spending all of that time being sold? Lineups used to be a fact of life, but now people can find other options.
Mobile payments on the floor will stop those sales slipping out the door. You see a move in that direction at Costco, where they will scan your items while you are in line, and then you merely pay at the till. Kroger, a US grocery chain, has installed infrared cameras that track the number of customers in line by their body heat. Software tells managers how many cash registers are needed now and in a few minutes from now. They have reduced average waiting times to 26 seconds. But I'd bet that their labour cost is up.
Migrating over to mobile payments will only make it easier for retailers to bridge that gap between retail outlet and online shopping. It will help build stronger relationships between sales person and customer and it will help keep shopping gratifying by taking away the mind-numbing exercise of waiting in line.
Attachment to Social Media Brands
Facebook is on top in a new survey by UTA Brand Studio and uSamp in the category of "attachment to a brand". That refers to the degree to which people believe a brand is like themselves and the degree to which thoughts and feelings about a brand come to mind. Research from USC Marshall School of Business suggests that attachment is a better predictor of customer loyalty and customer evangelism.
Instagram came in second, unless you are over 45, where it's fifth and Youtube is second. Instagram is actually number one for the 25 and under crowd. I guess that's why Facebook bought Instagram.
The most surprising find was with Twitter. In the 25 to 44 age group, it ranked tenth, but six of ten people say they use it. Also surprising to me is how low Facebook ranks among men.
Predictably, Youtube scored well. It's hard not find videos to "attach" to on Youtube, which would cause people to rank it higher.
Brands that show the most potential based on Brand Dependance values were Reddit, Snapchat, Tumblr and Vine.
Take a Moment
- Dec 18, 2013
- Posted in: SEO, Self Improvement, Public Relations, Online Marketing and Social Media, Office Culture, News, Marketing Strategy, Lifestyle, Focus Testing, Design, Business, Branding, Advertising
At Christmas time things can get very hectic. At Fusion, we are working like little elves to get everything done before we go on our much deserved Christmas and New Year's break.
To help you get back into the spirit of Christmas and everything else we celebrate at this time of year, have a look at these great quotations. To see a handy list of cultural and religious celebrations by date, click here.
My family celebrates Christmas. Merry Christmas.
Does your business do social media – or are you a social business?
(BTW - it's not just semantics)
The distinction is VERY important. Whereas option #1 is merely something you do when you can spare a moment or maybe go out and hire a student to do, option #2 is something you must actually become - it's transformational and it's the missing piece in the social media puzzle. Finally!
We've been very busy in the social marketing space over the past couple of years and have learned a lot - not only how to manage it, but, more importantly, how to make it succeed and we're happy to share that knowledge.
So, next week we're unleashing our very own Barrett Peitsch to share how social branding could actually determine the future of your organization. As part of the Winnipeg Chamber of Commerce’s Chamber U, this October 15th lunchtime learning opportunity will take the focus beyond ‘just’ social media to the underlying consumer dynamics and resulting strategies that translate into critical competitive advantage and new opportunities.
Barrett will demonstrate what it means to be a social brand with examples from our catalogue of brand-building success. He’ll share what we've learned in a way that translates into practical advice, tips and approaches you can use to create success for your business.
Register at: http://www.winnipeg-chamber.com/wcevents/eventdetail.aspx?eventid=56800