Tag: mobile advertising

While organizations are increasingly likely to have a smartphone ad strategy, levels still haven’t reached expectations.

According to a report that has now been issued by Oracle Marketing Cloud and Econsultancy, businesses are now more likely than ever before to have some type of strategy in place for the integration of mobile marketing into their overall promotions and advertising campaigns.

The report showed that while the acknowledgement of importance is there, the integration remains small.

The publication, entitled the “Cross-Channel Marketing Report 2014” showed that marketers and brands are continuing their transition from traditional channels toward digital and mobile marketing. However, in the United Kingdom, while it is clear that companies find that there is considerable importance in using those channels, there hasn’t been a tremendous focus made in terms of actually working them into a campaign.

It is believed that this will soon begin to pick up, as many companies are making their first mobile marketing moves in 2014.

The report showed that 20 percent of companies are now using mobile notifications and push alerts and that these, combined with messaging, mobile apps, and email are viewed by marketers as the areas in which they will best be able to achieve customer retention.

This aligned with a report that was published by the 2014 Internet Trends Report which focused on the market in the United States. This latest report used the same sources as the American one, only using data from the United Kingdom, instead. The U.K. figures showed that while mobile represents 20 percent of a consumer’s total time spent with media, it also represents only 7 percent of total ad spend.

When applied to an actual monetary value, this represents a gap that is worth an estimated £1.9 billion. The shortfall has been attributed to a greater mobile optimization and advertising activity market, in addition to actual ad spending. That said, this still represents a sizeable gap between the actual time spent by consumers and the amount of money spent by marketers.

Equally, though, among the brands and marketers surveyed, 75 percent said that they had some type of mobile marketing integration strategy in place for their campaigns, which represents a year over year growth of 16 percent.

This demographic is not finding the mall atmosphere as attractive and interesting as previous generations at their age.

The trend away from the mall shopping experience is a considerable one among Millennials in the United States as well as many other countries, opening a considerable opportunity for retailers to reach this consumer demographic by way of mobile marketing, says a recent JLL Research report.

The firm’s report concluded that retailers need to use ads and promotions over smartphones and tablets to reach Millennials.

The report summary indicated that while the demographic has cash to spend, and they are also armed with some of the latest in electronics, smartphones, and tablets. They pointed out that young adult consumers who were born between the years of 1980 and 2000 are already spending an estimated $600 billion each year in the United States. Moreover, the amount of spending is growing, which means that the ideal mobile marketing opportunity is now being formed, and retailers will miss out if they don’t take hold of that chance.

Mobile marketing will, said the report, be a vital method of carving out a piece of that spending pie.

The report also outlined that Millennial retail spending “shows no signs of slowing. In fact, they’re on track to spend $1.4 trillion annually by 2020, accounting for roughly 30 percent of all retail sales.”

The JLL Research report suggests that retailers focus on mobile ads that are geared toward consumers between the ages of 18 and 34. This is the age group that sees the world through technology and they are among the most likely to use their mobile devices to shop when it comes time for them to make a purchase. They research products, compare prices, consult with peers, and read online reviews to help in making their final purchase decisions.

Among the largest mobile marketing recommendations that the firm made was in terms of coupons and sales that can be redeemed through the use of a smartphone or tablet. Like everyone else, Millennials love a good deal and are responsive to coupons and targeted promotions that they discover on their favorite devices.