Mobile Marketing best at fostering brand-consumer relationships

May 26, 2011

Research finds most retailers have still not adopted a mobile strategy.

While reading Response Magazine the other day, I ran into a few articles that looked at the adoption of mobile at various retailers. While nothing shocks me, it still resonates that most businesses are operating without a concerted mobile and social strategy.

Consider some of these statistics:

• Only 33 percent of businesses currently have a mobile strategy in place. All respondents to a survey suggested they plan on having one in the next 12 months (source: King Fish Media).
• Less than 20 percent are currently conducting mobile commerce, mainly through the mobile web, and respondents suggest it will grow next year – in 2012.
• 24 percent reported that their mobile strategy “exceeded or performed as expected” while another 30% had not measured it at all.
• 34-percent of the group said they would be keeping track of results.

As retail continues to embrace mobile marketing and mobile commerce, data analytics and reporting will become the focus and centerpiece for this key channel. Another statistic from the survey also found that forty-one percent of those surveyed said “future mobile marketing programs will need to show a positive return” for them to continue with such initiatives. Without key metrics in place, it will be like the wild-west with direct response and brand marketers shooting into the air versus shooting fish in a bucket.

At QWASI, we recently unveiled our updated Synchrosy Methodology for enterprise clients. Specifically within retail, we have had great success helping our clients analyze their business through a variety of lenses and then we create solutions that drive the desired interaction and/or transaction. It is different for each business, so our engagement approach varies too. However, based on the variety of ROI metrics retailers embrace, it’s most effective for their management team to monitor and track while staying in the drivers seat running their day-to-day business.

We hope you’d give us a chance to introduce your business to Synchrosy and drive results with a fresh, innovative and results-oriented mobile and social strategy.