“YES WE CAN” says the Mobile Medium
In the mobile advertising market, 2008 was a big year of growth – including and especially the fourth quarter. This growth occurred somewhat because of clients saying “yes” to mobile experimentation, but it was largely due to the “yes” of budget expansion -because mobile worked. By worked, I mean that it was more efficient at delivering an engaged consumer, broke records for recall, and produced actions consistently for direct marketers. This performance, even in a new medium rumored to have too much hype is the reason mobile will continue to grow in a challenging economic time. Mobile is emerging not as a casualty of the economic situation, but as a critical component of delivering media effectiveness while driving efficiency to the overall media spends.
In 2009, the growth of the mobile advertising market relies on more action orientation in the market. Here are some things to consider saying “yes” to:
Yes – to moving beyond regular platforms
The iPhone is certainly a phenomenon, and played a large role in stimulating the US mobile ad market in 2008. Many brands have deployed iPhone sites, apps for the app store, and have driven great results. Reaching the mass market with mobile experiences that are exciting and effective can be achieved on other mass-market smart-phone platforms like Blackberry, Windows Mobile, and Symbian to name three. Fortunately in Asia, Symbian and Windows Mobile rule the roost which is reason why lot of brands have been able to create standardized content across these platforms. According to my estimates, utilizing all these platforms could mean a lift in available audience of 4X, and can be deployed and measured seamlessly.
Yes – to mobile specific targeting
Mobile offers some great advantages in targeting. Taking advantage of what is mobile specific can really drive extension of your message. Time of day is one – consumers use the mobile phone more at night and on the weekend. Target a campaign in this mobile specific way to surround your audience. Another is customer precise data. Large mobile ad-networks and mobile publishers have been pursuing and deploying precise targeting of demographic profiles right from the start – permissioning the users and delivering campaigns against it. Use this precision to bolster the index based audience composition scoring delivered by companies like Nielsen and Comscore. locational targeting will come in very soon so watch out for that one too.
Yes – to mobile rich media
Mobile rich media is becoming more generally available. From expandable and carousel creative units, to rich media inside the banner, mobile media is evolving and can deliver stories better and better each day. Choose the ad networks that can deliver the highest reach and the largest rich media reach. Publishers who are supporting mobile rich media early in the year will be paid dividends later in the year.
Yes – to investing in your mobile destination
As mobile continues to take its place in the media mix, the cumulative effects of the investment in mobile media can only be realized if a brand’s destination has a greater degree of permanence than a simple landing page. Mobile destinations need not be as complex as a website, but they do need to be well thought out, planned and activated. An entire year of driving consumers to a specific mobile effort will produce the best result. If a brand is just not ready to commit, longer term deals with ad networks or publishers may create a semi permanent destination at a low cost. Either way, consistency is important to achieve 2009 results.
Yes – to replacing inefficient Internet spend with mobile
Lastly and most importantly in 2009, the almighty dollar is king. Let’s look at a comparison of a small online and mobile spend to illustrate how mobile as a persistent piece of the overall mix can drive engaged consumers:
$10,000 spent on-line:
At $5 CPM, that would mean that the brand bought 2,000,000 impressions. Clients would most likely freq cap the buy at 1 in 24 or something similar – over a 30-day period…. So, a frequency of 10 impressions is probably reasonable. This would mean that 200,000 people saw the campaign. And, at a CTR of 0.4%, that would mean that the campaign generated 8,000 clicks.
$10,000 spent in mobile:
At $10 CPM, (it ranges from an average of $8-$15)that would mean that the brand bought 1,000,000 impressions. At a frequency of 10 impressions per user, the ad would have been seen by 100,000 people. The big difference in mobile is that CTR’s are much higher. At a CTR of 3%, this campaign would provide 30,000 visitors. That’s a huge improvement over the same amount of spend in on-line.
Combine these compelling economics of engagement with the reality of the migration of users away from online for certain content types (sports, weather, nightlife, entertainment) reported by Nielsen, and mobile may be the brightest spot in all of advertising in 2009.
In my mind….YES IT CAN
What do you think?