Experts at ABI Research are predicting that the mobile marketing budgets over the 2010 holiday season will be the largest ever - significantly bigger than 2009. This means that brands are finally beginning to realize the importance and power of mobile.
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Do highly creative campaigns equal a better return on investment? The answer may surprise you
Posted in: CRM, Customer Insights, Marketing-General, Online Marketing, ROI, Social Media
Twitter. Facebook. Digg. YouTube. Flicker. Most have heard of these new social style vehicles. Many companies are jumping on the bandwagon and creating pages or groups for their ‘fans’ to follow. But what is their goal? How are they measuring the success of their efforts?
What do you get when you combine the high response rate of mobile coupons with the minimal costs associated with distributing them? Well you get campaigns that generate ROI numbers so high they seem borderline ridiculous. For example, Scotty P’s Hamburgers in Frisco, TX used mobile coupons to bring customers in at lunchtime. The result was a 12 percent response rate, zero opt outs, and a staggering 1,650 percent return on investment. Take a look at these recent mobile coupon campaigns:
It seems like every time I turn around, there is another article about a mobile campaign that generated response and conversion rates that would leave most marketing executives slackjawed and drooling. For instance, we’ve seen an SMS campaign to promote a mobile banking application that brings in a 20% response rate and over 100,000 app downloads and a BMW mobile campaign promoting snow tires that saw a staggering 30.31% conversion rate. What is it about mobile that makes it so successful?
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