Friday, July 31, 2015

MOBILE MARKETING NEWS


Facebook adds $1B in ad revenue, with mobile’s share topping 75pc

Facebook tapped into an additional $1 billion in ad revenue during the second quarter compared to a year ago, with mobile’s percentage topping 75 percent for the first time as big brands followed consumers to where they are increasingly spending their time.

Facebook said that ad revenue totaled $3.8 billion for the three months ended June 30, 2015, up 43 percent from the previous year’s total of $2.7 billion. Mobile advertising revenue represented 76 percent of Facebook’s advertising revenue in the second quarter, up from 73 percent in the first quarter and 62 percent a year ago.

“People are spending more time on their mobile devices and on Facebook apps,” said Sheryl Sandberg, chief operating officer at Facebook, during a conference call with analysts to discuss the company’s quarterly results. “We continue to get more than one out of every five minutes on smartphones in the U.S. and mobile usage is driving our growth globally as well.

“We believe we have the best performing mobile ad product in the market and video is making it even better,” she said. “With so many consumer videos being watched on Facebook, video ads are a natural part of the News Feed experience.”


Monday, July 27, 2015

QUOTE OF THE DAY


"Work hard and achieve anything. Aim higher.  Dream bigger. Fear less. Love more. Stay blessed. Trust your struggle. It’s now or never.."

By Zig Ziglar.


Friday, July 10, 2015

QUOTE OF THE DAY


"The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge."

By Stephen Hawking.


Thursday, July 9, 2015

MOBILE MARKETING NEWS


Should every consumer product be able to communicate with a smartphone?

It started with home appliances, but this year has seen the idea of “smart” consumer products extend to soccer balls and liquor bottles as the technology evolves and promises more seamless engagement opportunities for product marketers than was previously available.

As the Internet of Things gains steam, marketers are increasingly looking to integrate mobile directly into their products or onto to their packaging in ways that are more direct than QR codes and provide more value. The examples are just beginning to accumulate, from the Adidas MiCoach smart soccer ball whose embedded sensor interacts with a mobile application to help train athletes to Remy Martin’s use of NFC chips on its bottles to make it easy for consumers to know the product is authentic.

“The potential of mobile enabled products and packaging is enormous - the days of running out of milk will soon be over as our refrigerators will soon be able to inventory and order - and it will be interesting to see which technology standards prove most useful,” said Nicholas Einstein, principal analyst at The Relevancy Group, http://www.relevancygroup.com/ 

“NFC chip technology has proven extremely useful for early adopters and seems to be most appropriate for the requirements of today’s mobile marketer,” he said. “Smart sensor technology is advancing at such a rapid pace that breakthroughs are to expected, and smart marketers will be allocating resources towards smart sensors in 2015 and beyond.

“We see 2015 as the year for early adopters and don’t expect a deluge of mobile enabled products and packaging to hit the market in 2015. As marketers test and learn, and the technology continues to develop, the deluge will come. 2016 will be a huge year for mobile enabled products and packaging, and going into 2017 we will see the deluge as the strategies and tactics mature, and business value is quantified.”


QUOTE OF THE DAY


"Effort only fully releases its reward after a person refuses to quit."

By Napoleon Hill.


Wednesday, July 8, 2015

MOBILE MARKETING NEWS


Book excerpt: Why People (Don’t) Buy

Hedgehogian thinking

Isiah Berlin, British philosopher and thinker, wrote an essay titled “The Hedgehog and the Fox” in 1953, in which he argued that influential thinkers can be divided into two categories: hedgehogs and foxes. This analogy was inspired by the ancient Greek warrior-poet Archilochus, who is reported to have noted that the fox knows many things; the hedgehog one great thing. Hedgehogs have one very effective way of dealing with adversity—they use their sharp spines or quills to protect themselves and inflict pain on their foe. When a hedgehog encounters a foe, it rolls itself into a ball such that its quills point outward. Although the purpose of comparing a hedgehog to a fox is not very obvious, Berlin used this adage to argue that like hedgehogs, some people view the world through the lens of a single defining idea. In contrast, others, like foxes, draw on a wide variety of experiences and for them the world cannot be boiled down to a single idea.

Philip Tetlock, professor of psychology and management at the University of Pennsylvania, in a seminal 20-year-long study, compared the performance of political forecasters who had more of a “hedgehog” perspective with the performance of political forecasters who had more of a “fox” perspective. He found that despite the popularity of hedgehogs in the mainstream media, foxes tended to outperform hedgehogs in their forecasts. He cautioned against the lure of one powerful idea that attempts to explain everything. Looking at the world through the lens of a single, albeit powerful, idea can lead to mistakes.

Tetlock’s findings are very relevant for business managers. Mispredictions of consumer behavior—or incorrect consumer insights—caused by a hedgehogian view often result in misdirected business strategies. Managers often fall in love with one idea that seems powerful. They become obsessed with this seemingly powerful idea. They come to believe that this one particular idea will always beget successful marketing strategies. For example, some managers fervently believe that low prices and sales promotions are good for business. If they experience success with lowering prices and running sales promotions in one context, then they mindlessly try to implement the same strategy in all contexts without considering the fact that consumer behavior varies across contexts. A sales promotion might help a pizza delivery chain, but it might completely backfire for a formal dining restaurant. As another example, some managers adopt a new packaging that is trendy because it has worked for others. So they start mindlessly adopting the new packaging in all categories. And some, like a recent New York Times article documented, are falling over each other to create “emporiums of cool” user experiences. Why? Because they saw some case studies suggesting that improving user experience improves financial bottom lines.

Thomas Gilovich, a renowned professor of psychology from Cornell, captures this tendency to follow the herd and oversimplify the best when he mentions in his book How We Know What Isn’t So: The Fallibility of Human Reason in Everyday Life (1991): “People will always prefer black-and-white over shades of grey, and so there will always be the temptation to hold overly-simplified beliefs and to hold them with excessive confidence.”

Instead of understanding the root cause of weak GO signals and/or intense STOP signals that afflict their product, when managers see consumer behavior through the lens of a single (often previously successful) idea they perpetuate this hit-or-miss pattern. In particular, it leads to two types of prediction mistakes that we observe in many of the examples discussed in this book: side-effect neglect and misdiagnosis.


QUOTE OF THE DAY


"When obstacles arise, you change your direction to reach your goal, you do not change your decision to get there."

By Zig Ziglar.



Thursday, July 2, 2015

MOBILE MARKETING NEWS


Bud Light uncovers social’s role in millennials’ summer fun

Millennials are pumped to have more fun this summer and social is a key part of the experience, according to new research from Bud Light, which is ramping up to help these consumers make the most of beach parties, music festivals and backyard barbecues.

Anheuser-Busch’s Bud Light brand is celebrating the release of its premier Summer Bucket List report, which looks at millennials’ social media usage, by asking fans to upload their seasonal photos onto Twitter and Instagram using the #UpForWhatever hashtag to win an all-inclusive trip. Bud Light, in conjunction with Wakefield Research, undertook a survey that asked 1,000 millennials in the United States about the experiences, places and people on their summer bucket lists, and how they enjoy showcasing those activities on social media.

“These insights prove the importance of understanding millennial preferences and behavior on social media,” said Joe Matthews, CEO of Tagkast, Chicago. “For example, the report mentions that millennials would rather give up social to spend an entire day with their favorite celebrities, than have a ten-minute meet-and-greet with the option to post on social.

“Armed with these insights, marketers can target attendees on social networks in the right way at the right time. To maximize reach at events like concerts, marketers should implement branded content (photos, videos, etc.) that is sharable on preferred channels.”