Tag: location-based marketing

Mobile marketing being taken more seriously by advertisers

| January 17, 2013

Mobile marketing studyStudy shows advertisers are shifting focus on mobile marketing

A new study from the Association of National Advertisers and MediaVest, a leading media specialist agency, shows that the majority of the marketing industry is beginning to focus more heavily on the mobile space. Mobile marketing is becoming a very important aspect of advertising, due to the large number of mobile consumers there are in any given market. The study draws upon information gathered from 68 client-side marketers, many of whom are members of  the Association of National Advertisers, during the fourth quarter of 2012.

Majority of advertisers working to engage mobile consumers

According to the study, 85% of advertising firms plan to significantly increase their mobile budgets in the very near future. These firms are expected to focus more intently on engaging consumers through various mobile marketing initiatives. Many of the brands that these firm represent have expressed interest in such mobile marketing initiatives, leading advertisers to develop strategies that will take advantage of the growing number of mobile consumers.

Location-based marketing gains momentum

Location-based marketing, or geomarketing, is expected to be one of the major priorities that advertisers have in the future. Location-based marketing is becoming increasingly important for local brands that do not have access to the same resources that large companies do. Advertisers using location-based services, especially those associated with social media networks, can develop hyper-localized marketing campaigns that have, in the past, proven very successful among their targeted demographic.

Some marketers worried over the feasibility of mobile marketing

The study shows that 42% of advertisers are have concerns regarding mobile metrics and tracking system. Without adequate metrics in place, being able to fashion a comprehensive marketing campaign is a significantly more difficult task. These marketers have also cited their inability to prove any feasible return on investment as a major roadblock toward their adoption of mobile marketing. Nonetheless, the vast majority of advertisers are convinced over the potential prospects of mobile marketing and what gains they may see through its use.

Foursquare to make changes for the new year

| January 6, 2013

Foursquare makes changesFoursquare aims to expand some of its services

Location-based services are becoming more popular for businesses and consumers. These services offer benefits for both parties: Businesses can use geographic information to formulate better marketing strategies and consumers can be rewarded for their loyalty to a specific company by “checking-in” to a location. Checking-in to locations is a trend that has taken the social media space by storm. Foursquare is one of the pioneers of this service in the social sector, and the platform is now taking steps to streamline its location-based services.

Platform aims to streamline its practice

Foursquare has announced changes to its terms and conditions documents, which will take effect on January 28, 2013. The social media platform is looking to better streamline its services for businesses and consumers. For years, Foursquare has been one of the most prominent names in social media marketing and location-based services, but other social networks have begun to encroach upon the platform’s virtual turf. In an effort to stay relevant with consumers and businesses, Foursquare is taking steps to provide better service.

New policies could be of benefit to businesses

One of the changes being made to the platform’s privacy policy involves the names of its users. Foursquare will begin showing the full name of each user across its entire platform, allowing this information to be seen by anyone. Users can, of course, opt out of having their full name displayed without being faced with any penalties in terms of service. Another change involves the check-in history businesses can see. Traditionally, businesses could only view check-ins over the most recent three-hour period. After the changes go live, however, businesses will be able to keep better track of their traffic.

Foursquare manages to stay ahead of the competition, for now

The changes may help businesses provide better rewards for consumers that check-in frequently, while also allowing these businesses to access information that can be used for marketing campaigns. In 2012, Foursquare reported more than 15 million new users and celebrated the 3 billionth check-in. While several other social networks are pushing new location-based services, Foursquare continues to hold a solid lead over its competitors.