Tag: mobile marketing

The internet giant is making waves again by offering value tracking efforts to marketers.

As mobile marketing becomes an explosively popular practice, Google has added a new feature for companies to help to gauge the value of their efforts through the addition of its new Calculator tool.

This is a response to the rapidly growing consumer use of smartphones and tablets to interact with businesses.

Now, more than ever, consumers are responding to mobile marketing by using their tablets and smartphones for online searches and interactions with their favorite brands and companies. And this trend is only growing. A recent Nielsen and Google study showed that almost 30 percent of searches over these devices result in a visit to a store by that consumer, a call to a business, or an online purchase.

As business owners work harder on their mobile marketing campaigns, they require more data to judge their success.

These companies are boosting their efforts for mobile marketing to help themselves to get the most out of this growing trend. In this, they need to know how and when those efforts are actually having the desired impact on consumers. Google is now helping those companies with a new tool called The Full Value of Mobile Calculator.

The purpose is to use a few basic benchmarks and equations to help to gauge the value that mobile is having in driving over optimized websites, apps, and other channels. This gives business owners the ability to get a better idea of what is and is not working for them so that they can adjust and polish their mobile marketing campaigns for the potential for considerably improved outcomes.

According to the head of mobile ads marketing at Google, Johanna Werther, “Mobility has forever changed the way consumers live and shop, giving rise to the new consumer paths as the lines between digital and physical experiences blur.” She then added that “Understanding what each of these mobile pathways means for your business is a critical piece of the larger attribution challenge that every marketer needs to meet head-on.” To begin the mobile marketing calculation, information is uploaded by the company, such as sales from the mobile site and in-store sales, either manually or by importing through the already existent Google Adwords account.

Mobile commerce is picking up momentum

Mobile commerce is growing rapidly and that growth does not appear to be slowing down any time soon. The current state of mobile commerce suggests a bright future, largely due to the proliferation of mobile technology and the perceived convenience of mobile payments. Indeed, mobile devices are beginning to become more popular than PCs. According to a study conducted by  the International Telecommunications Union, as of August 2012, more than 7 billion mobile devices were operating all over the world, exceeding the number of active PCs by three times.

Mobile sales to reach new heights in near future

A recent study from Abi Research suggests that mobile commerce will reach $119 billion by 2015. This is roughly 8% of the current e-commerce market. E-commerce is still considered to be a powerful force, especially in the retail industry, but mobile commerce is benefiting from increased exposure and a growing number of retailers interested in engaging mobile consumers in a new form of commerce. Another study by Forrester Research suggests that mobile commerce in the U.S., in particular, will reach $31 billion by 2016.

US mobile commerce experiences aggressive growth

In the U.S., mobile commerce is experiencing a magnanimous rise to fame. More consumers are beginning to become comfortable with the concept of mobile payments, making them more likely to purchase goods and services using their smartphones or tablets. Mobile traffic to websites is on the rise, powered by growing interests in the realm of mobile marketing. Location-based services are also playing a role in encouraging consumers to participate in mobile commerce as they are able to find stores and attractions more easily, especially while traveling.

Security may derail bright future

While the current state of mobile commerce does paint a bright future, the future is, of course, unknowable. There are many challenges that face mobile commerce that could derail the burgeoning industry’s future. The most significant of these challenges, currently, is security. Without adequate security, a consumer’s financial information is at risk of theft and exploitation. The security dangers inherent in mobile commerce have kept many consumers from conducting mobile payments.