Mobile Web

67 posts categorized

August 21, 2014

Mortgages Go Mobile

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The mortgage lending market is updating the way it does business. Primarily a person-to-person industry, mortgage lenders typically meet with customers directly to offer a variety of packages suitable for their clients. With the influx of mobile users in the past decade, however, the big players in this business are readying to go mobile.

According to the Pew Research Center, about 90% of U.S. adults carry a cellphone. In addition, the report shows that 58% of Americans carry a smartphone, 42% own a tablet, and 32% have an e-reader. These numbers show that, in this nation alone, owning a mobile device has become a standard. Mortgage lending corporations have begun to roll out marketing campaigns based on these numbers, creating mobile apps and kiosks to change the way they have historically addressed their clientele.

In Wisconsin, a company called Waterstone Mortgage has been one of these pioneers. They have developed a digital platform entitled Mortgage Agility, which allows potential borrowers to apply for loans using their smartphones. The app features the ability to take pictures of the potential clients’ documents, thereby speeding up the approval process. Waterstone’s offices in Florida have started to employ Mortgage Agility, and they are already seeing great results: not only are customers’ information collected in an orderly fashion, but they are able to move into a closing position with greater speed and ease.

Another digital platform, called Apex, has been unveiled by FBC Mortgage LLC. This technology comes to customers as a kiosk located at FBC Mortgage storefronts. Apex allows potential borrowers to streamline the approval process, allowing clients to determine if they are eligible for a loan in less than ten minutes. The technology then sends a correspondence letter to the individual immediately after the pre-approval process.

It is true that the mortgage lending industry has a history of doing business the old-fashioned way. When it comes to loans, it is important that all of a customer’s information is protected and handled with care. But the face-to-face practice of lending requires a great deal of a given client’s time (as well as the lender’s time). Nowadays, Americans use mobile technologies for anything from online purchases and video games, to text messaging and information gathering – and the mortgage lending industry must not lose sight of this. By developing strategies for the lending market that incorporate a mobile user’s smartphone (or an appropriate digital platform), their customers will appreciate the ease-of-use and expediency of mobile technologies.

 

 

August 14, 2014

Is Beacon Technology Going to Change the Retail World?

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Beacon technology incorporates the power of consumer-targeted advertising with location-based mobile marketing by installing small pieces of low-cost hardware within the shelves of retail stores. When customers enter a store with Bluetooth-enabled mobiles or tablets, the business can send customized advertisements directly to their devices thereby enhancing their shopping experience. While Beacons have only recently begun to appear in shops, the technology itself is already part of Apple devices since the 3rd generation of their products. And reports from the tech blogs are starting to take notice of the Beacon technology’s capabilities.

Mass Potential

Apple’s beacon system, called iBeacon, is automatically installed in all devices that use their current operating system, iOS 7. This means that, even if a mobile user knows little about how the iPad or iPhone works, they still have the infrastructure in place to benefit from Beacon technology. There could be as many as 190 million iOS devices currently capable of accessing iBeacons. Undoubtedly, this number showcases the unbridled potential of Beacon technology.

Current Barriers

There is a bit of a curve to this technology, though. An almost equal amount of the mobile and tablet markets use non-Apple products, which are less integrated with the Beacon infrastructure. Because the operating systems of non-Apple products tend to require updated versions of their OS, mobile marketers cannot rely upon these technologies for their Beacon-based advertising strategies.

Furthermore, Beacon technology requires mobile users to “opt in,” in a manner of speaking. First of all, customers will need to download the appropriate app for the business in question, and then they will have to activate it before entering the store. In addition, Beacons require ranging technology to function, which works in proximity of the devices using a mobile’s Bluetooth. The mobile will not receive any pushes or notifications, however, if a phone’s location is cloaked – the customer must allow the appropriate app to access its location for the Beacon to function properly.

The Future

In truth, Beacon technology is only beginning to get a foothold in the physical advertising space, and once it gains some traction, it will be here to stay. The unrealized potential of mobile location-based marketing is burgeoning, just waiting to be deployed. In the near future, we will witness customers taking advantage of flash sales and contactless payment options, as well as living in automated homes where temperature and lighting may be adjusted directly from mobile devices. The rule books have yet to be written. We do know that the key to capitalizing on Beacon technology will rely on corporations’ creativity and connectedness: sharing real-time information with customers to a mutual end and appealing to the changing temperaments of these individuals, all the while motivating these loyal customers in a direction – according to when and where – they want them to be. 

August 11, 2014

Mobile Brings 1:1 Marketing Full Circle

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Mobile marketing is the modern face of advertising. Sophisticated tools like geo-location software and mobile apps are stripping away the barriers between business and consumer, affording even the most modestly-budgeted mobile marketing campaign to foster precise, personalized relationships with an audience that never stays still, but for whom smartphones are a constant companion.

If the technology is cutting edge, the concept of one-to-one marketing is anything but. It dominated the commercial landscape until the middle of the 20th Century. Before radio, television and print media were widely available, the romantic image of the door-to-door salesperson selling his wares directly to customers was very much a reality. ‘The user experience’ – as nobody called it then – was top notch: a sales rep came to your home, demonstrated the worthiness of their product and, perhaps most importantly of all, put a face to the brand.

This marketing strategy provided accountability, intimacy and transparency, but was ultimately put to bed by the rise of mass broadcasting technology. Instead of reaching a few thousand people by sending out a hundred reps to knock on doors, businesses could reach millions in one go via a television commercial. For much of the post-war 20th Century, big advertising meant big networks and big money. Corporate muscle (devoid of accountability, intimacy and transparency) ruled the roost and the little guy was out in the cold. Who could compete?

The advent of cable television dealt the first blow to this monolithic, monopolized marketing culture. By appealing to niche markets on specialized channels, the company message might reach fewer people, but the percentage of conversions would be higher. Slowly but surely, broadcasting was superseded by narrowcasting.

Narrowcasting allows marketers to:

  • Disseminate messages to different demographics and adjust each message accordingly
  • Make sure content is only available to specific groups
  • Provide high levels of relevance to the recipient

The trend started by cable television went stratospheric with the arrival of the internet, an ultra-targeted information portal that didn’t have to predict what people wanted; you could find exactly what you needed by filtering out everything else. Direct marketing wasn’t just back in business – it was business.

But the web solution also presented a problem: market fragmentation. One of the earliest constituents of the internet lexicon to take root in the public imagination was ‘SPAM’ – and it wasn’t because people liked it. In addition to filtering the information they wanted via search engines, people were ignoring the information they didn’t want by automatically trashing unsolicited emails from businesses. As soon as every business was shouting from the same platform, the public simply turned the volume down. By the mid-noughties, online marketing was threatening to become white noise for all but the richest of traders, who could afford to roll out costly SEO campaigns and buy space on premium web real estate. 

Just when it looked like marketing power would once again be predicated on deep pockets, SMS messaging stepped into the breach with a more refined approach. Ironically, commercial texting’s wilderness years were brought to an end with the rise of the smartphone. Mobile devices are no longer simply convenient portable versions of landline phones. They are indispensable hi-tech appendages, the use of which is beginning to overtake desktop as people’s primary point of access to the web.

This increased focus on handheld devices has done wonders for SMS messaging. While consumers continue to spam filter emails, more than 90% of text messages are opened and read within minutes. Long before the humble text became a mobile marketing strategy, it was used primarily for personal communication. As such, it is a trusted channel, and mobile marketing campaign managers have cleverly reciprocated that trust by building opt-in only contact lists. In 2014, the holy grail of mobile marketing tactics is to transmit a unique message to individuals who want it, tailored to their wants and needs.

This new, consent-driven iteration of 1:1 marketing is allowing companies to reach customers on their own terms, and to offer preference-based special offers. Personalized marketing is back – and you don’t even need to leave the office to do it.

August 09, 2014

Six of the Best: Reasons to Use SMS

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Despite the appeal of other emerging forms of communication, text messaging via SMS is still the most popular choice for mobile users. Four billion people around the globe use SMS, sending upwards of a trillion messages each year. Due to its popularity it’s no wonder that mobile marketers agree: pound for pound, SMS allows for the furthest reach to the widest audience. But why is SMS the best selection for a mobile marketing campaign? Here are several reasons:

1)Popularity

As mentioned above, SMS is the most popular form of mobile communication. At least 70% of the world’s populace uses a mobile phone, and of those subscribers, 80% of them use text. With reach like that, mobile marketers will want to incorporate SMS into their marketing strategy.

2)Permanence

First off, text messages can be sent at anytime to anyone. Even if the receiver is offline, they will receive the SMS once they are back online. Messages do not expire, and will be read as soon as the recipient is free to read it.

Furthermore, SMS users tend to remain SMS users. Many different communications platforms have been developed since the late 20th century: fax, email, IM, as well as the more recent platforms of apps, multimedia messaging, Facebook and Twitter. Consumers choose text messages due to their widespread availability and the low cost. Also, practically everyone knows how to send and receive text messages. For years, SMS shall go head-to-head with the mobile user’s other most common type of communication (voice calling).

3)Capability

SMS-style messages have numerous capabilities. They can include binary data, pictures, music, logos, animations, and coupons/vouchers. Information can be exchanged between applications. And in fairly recent news, SMS is able to utilize mWallet services – an invaluable asset to have in today’s mobile marketing landscape.

4)Dialogue

Text messages are a two-way street, allowing for back and forth communication between users. From a marketing standpoint, this paves the way for feedback, comments, and join-in promotions using SMS. Many marketing campaigns ask users to send them photos within messages. In one example, BBC radio ran a picture-messaging campaign for the MDA that was wildly successful – to the tune of over forty-thousand picture messages in a 24-hour period!

5)Payments

SMS promotes the use of reverse payments, where the recipient may opt to pay for the message. In the case of valuable mobile content, this is the most common method to receive payment. Also, charities have utilized SMS’ payment capabilities, providing a channel and a means for eager donors.

6)Economy

Certainly, bulk SMS messages can be costly, but they are cheaper than the Post Office. Also, since the messages are short, they are more likely to gain the attention of busy mobile users. And clever retailers can do a lot using only 160 characters.

Perhaps one day there will be a way for advertisers to break through the noise, creating targeted cross-platform advertisements that reach every mobile user available. Since SMS is the most widespread and powerful mobile marketing tool currently available, be sure to incorporate text messaging strategies into your marketing campai

August 06, 2014

The Future of mHealth Technology

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Every day the technology of our mobile devices continues to improve, and every day there are new applications for it. The healthcare industry is poised to take advantage of this technology by providing access and mobility to its customers around the world.

This particular market called the mobile health market, or mHealth, has yet to reach its full potential. Currently, doctors and patients can interact through texts, email, and apps, as well as through sharing pictures and video. But this is just the beginning. Mobile devices have given us opportunities for real-time communication and collaboration, which is a boon for the medical industry. Also, there are increasing opportunities for improving access to quality care through mobile access (as soon as the powers that be approve these mobile accessibility apps). In the meantime, healthcare organizers are looking for short term solutions.

With over 140 million smartphone users in the U.S. – and another 60 million projected users in the next five years – mobile marketers are looking to take advantage of the need for mHealth technology improvement and engagement.

So far, customer desire for mHealth technology has had a slow takeoff. Only about 10% of the U.S. population has ever used these technologies. In addition, there are many obstacles for mHealth to grow: the traditional channels of medicine include solutions for banking, insurance, and travel, whereas mHealth must find new solutions to these hurdles.

On the other hand, several new technologies have managed to appeal to the public. Digital hospital rooms, virtual medicine kiosks, and mobile e-health devices are providing physicians with crucial information on their patients, aiding them in the process of diagnosis, monitoring, and treatment. Remote monitoring of clients has proven to be very useful to both the medical industry and patients, as well. Also, mobile devices have access to Electronic Health Records and patient information from remote locations, offering call scheduling, training and education, as well as communication for appointments and reminders. Finally, as wearable technologies are beginning to catch on, new mHealth technologies may be incorporated into them, allowing the user and their doctor(s) to track their progress and recovery.

The lack of engagement in mHealth comes from the lack of standardization in these new technologies. There are currently too many types of mobile platforms to have a standard mobile app, and several of these competing apps provide many of the same functions for the consumer. Also, the legal ramifications of using the technology are dictated by HIPPA, so there must be new laws in place to ensure compliance. By developing real-time apps where patients and physicians can share information concurrently, consumers will more-than-likely see the value in adopting these new technologies.

In years to come, we will begin to see healthcare consumers embracing mHealth for the future of their own healthcare. They will likely expect more of their healthcare provider (since consumers are experiencing higher out-of-pocket payments for medical services). The key will be to provide high-quality, low-cost health care by eliminating as many middlemen as possible, thereby restoring the doctor-patient relationship. With mHealth, a consumer will have more access to medical professionals and, in turn, medical professionals will be more responsive to their patient’s needs. There will be a welcome competition in the medical industry in the future according to these factors, and the incorporation of mHealth technologies can give individual businesses an edge over their fellow medical practices.

August 03, 2014

Hispanic Market Growth Reaches New Heights

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Though we are still in the early days of mobile marketing, new technologies are allowing businesses to share their brand in revolutionary ways. Reports about new advertising techniques and ways to reach consumers on their mobile devices are flooding the blogosphere. But are advertisers paying attention to the changing face of the mobile marketplace? The real news flash: The Hispanic Market represents the fastest growing segment in the U.S.

This information from the Census Bureau and Nielsen is not really new. Marketers have been watching for years as this minority has grown into a significant force in the advertising world. Currently about 1 in 6 Americans are Hispanics. By the year 2050, however, Hispanics will represent one-third of the entire American populace.

These statistics are even more significant when we look at buying power. Hispanics command over $1 Trillion dollars in spending capital. The media have been aware of their buying power for a couple of years now: in 2012, the U.S. media spent $7.9 billion in advertising dollars that target Hispanic consumers.

Market analysts have been mining this data to find out what makes Hispanic consumers tick. The average age of Hispanics is 28 years old, and nearly 8% of Hispanics use their mobile devices to seek out content. Neilsen studies have shown that Hispanics outpace all other ethnic groups in mobile downloads of music and photos, and they are more likely than others to watch video on their mobile phones. Most Hispanics age 18 or older spend about 4.5 hours per day using social media. About half of Hispanics use social media during purchases, in the form of product reviews, the best deals, and to share their own shopping experiences. By incorporating this data into their strategies, mobile marketers have the opportunity to take advantage of how and where Hispanics spend their money.

Hispanics are also heavy phone users. On average, they send and receive more than 900 texts per month – more than any other ethnic group. Also, they make an average of thirteen calls per day, which is 40% more than the average U.S. consumer.

Hispanic consumers have a history of committing to certain brands. They are 25% more likely to follow a brand than the average U.S. adult. In a recent survey, 38% of Hispanics admitted that they generally select certain brands when they have customer loyalty programs. In a similar fashion: Hispanics are 18% more likely to follow a celebrity. 

According to Nielsen, Hispanic video viewers are 68% more likely than non-Hispanic White viewers to watch video on the Internet, and 20% more likely to watch video on their mobile phone. This may be due to the fact that Hispanics are less likely to have internet access at home than the average U.S. consumer (14% less likely, in fact).

There is a wealth of data available surrounding customers in today’s fast-paced world of mobile marketing. Knowing the ways that Hispanics choose to do business can give you a leg up against the competition. By approaching the Hispanic population with a mobile app, service, or direct mobile marketing, marketers can successfully target a consumer base that practice brand loyalty and constant engagement. It’s time for mobile marketers to wake up to the thriving Hispanic market.

July 31, 2014

Beyond Marketing: 4 Unexpected Uses for SMS

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SMS messaging has become a key component of any mobile marketing strategy. It’s use as an advertising tool has been well documented – not least on this very organ – but there are all sorts of weird, wonderful ways to leverage the power of text. Schools, community groups, churches and even emergency services have begun incorporating SMS into their processes. We’ve cherry picked our favorite unusual uses of SMS messaging outside of the mobile marketing realm…

Finding Lost Pets

Companies like MobiPet are helping pet owners locate lost furry friends. When notified of a lost animal, they send photo alerts by text message to registered vets, animal shelters and pet owners within a 30 mile radius. Animal lovers have rallied round the idea which, unlike microchip implants, is non-invasive and requires no equipment apart from a camera-enabled mobile phone with text message capability.

Donating to Good Causes

Text-to-donate has proven highly effective at engaging people who don’t donate to charity by other methods. In 2007, a Super Bowl commercial raised $10,000 within seconds for the victims of the recent tsunami in Asia. The Haiti earthquake relief effort also benefitted from a text campaign, with the Red Cross eventually pulling in $32 million for victims. The success of text-to-donate is owed to the simplicity of the process. People too busy to go through the hassle of visiting a website and uploading credit card information can simply reply to a text message and have their donation applied to their phone bill.

Emergency Alerts

Closer to home, Hurricane Sandy – the second costliest hurricane in the US since records began – had a devastating impact on local businesses, but SMS proved to be a true survivor in the face of infrastructural collapse. Businesses and emergency services used SMS to keep residents up to date on the weather and how the damage it caused would affect them. 

Talking to Home Appliances

‘Smart appliances’ allow their owners to control them remotely via text message. Appliances are programmed to respond to a series of commands, so if you have an unexpected guest coming to your house, and you don’t have time to go home and clean, you can send a text to your robotic vacuum cleaner or mop. Intelligent SMS systems are also being used in fridges to tell owners what they need to pick up from the store, and even suggest recipe ideas!

July 30, 2014

Microsoft Finally Takes It's Head From the Sand... and Into the Cloud

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After years of threatening to become a computing anachronism, Microsoft is transmogrifying into a cloud services provider with a strong focus on mobile marketing. 

Earlier this year, the tech giant put the finishing touches to its Windows Phone 8.1 OS, and promised delivery to consumers by ‘Summer 2014’. They’ve already begun integrating Nokia’s smartphone business, and shares have gone up by 25% since the appointment of new CEO Satya Nadella five months ago.

On the face of it, Microsoft is finally joining the cloud/mobile party that’s been in full swing since the turn of the decade. It’s been a long time coming, and competing with the likes of Google and Apple will be a tough road aho.

Critics have lambasted Microsoft for its reticence regarding the obvious consumer appeal of cloud computing, but their strategy has become more focused on Nadella’s watch, with the professed ‘cloud first, mobile first’ philosophy at last gaining credibility.

In particular, the firm has begun to recognize the need to give partners more control over the cloud services they resell. They recently announced the implementation of the Microsoft Cloud Solutions Provider program, which grants affiliates who resell products like Office 365 and Windows Intune greater control of billing and customer service tools. Says Phil Sorgen, Executive Vice President of Worldwide Partnerships:

“It fundamentally enables our partners to own the customer relationship.”

The program will expand gradually until it covers all MS cloud services. It certainly appears that Microsoft is offering the right incentives to partners. They are waiving the first year fee for new registrants wanting to sell Azure and Office 365, and increasing the number of internal use rights licenses by anything from 25 to 200 percent. Even their traditional on-premise software products are getting a 10 percent price slash for partner programs.

The jury is still out on whether this cloud and mobile marketing strategy will pay off for Microsoft. With hundreds of thousands of partners out their, the challenge is to meet the needs of a vast, heterogeneous group with extremely diverse priorities. Not all of them are thrilled at the way the wind is blowing.

Many long-time resellers and integrators will find themselves struggling to adjust their models to cloud-based services after years spent building business around on-premises Microsoft software. For one thing, on-premises deals are usually made with a one-time payment, whilst cloud services are sold by subscription. The latter generates recurring revenue streams – but the size of the deal tends to be smaller.

But Microsoft have realized that focusing on the future is the only way to ensure long term prosperity. Their attentions are pointed at the ‘born in the cloud’ generation of entrepreneurs who have never used on-premises software. For them, Microsoft’s evolution can’t happen quickly enough.

July 24, 2014

Apple’s ‘Reuse and Recycle’ Prices Falling

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Earlier this month, Apple quietly made a few key changes to its ‘Reuse and Recycle’ program. The lack of ceremony surrounding the changes are easily explained: it’s not particularly good news for customers.

Customers in Canada and the United States will now get less money for trading in their iPhone. The new top value is $225, versus the former rate of $270. Go back two years and Apple were offering up to $345 for a pristine iPhone 4S (then the latest model). The new pricing plan is the lowest since the program was launched.

Even with the higher prices on offer, Apple’s recycling scheme was one of the least-trumpeted aspects of their business. Many iPhone users remain completely ignorant of its existence. It works like this:

  • An Apple customer goes to the Apple Store and asks to trade in their older phone for a new, on-contract model.
  • The Apple Store rep keys in the customer’s existing iPhone details using their EasyPay device (those neat mobile touch screen gizmos you see reps clutching).
  • Based on the information entered, a value for the old iPhone is given to the customer. Metrics include display quality, button quality, overall hardware damage, liquid damage and functionality.
  • The Apple Store rep lets the customer know they cannot get their original phone back, and they should back up any info they need.
  • The customer gets a new iPhone and a gift card with the agreed-upon value pre-loaded to go towards the new device.
  • The old phone is placed in a plastic bag, and the old SIM card is given to the customer while the employee sets up the new iPhone.

According to Apple, recycled iPhones are only re-sold in the United States, although they’ve not ruled out expanding the program to international markets. Despite launching the scheme to little fanfare, the tech giant did assert its commitment at the time, stating:

July 19, 2014

From Zero to Hero: How Mobile Revolutionized Planet Marketing

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Mobile marketing has gone stratospheric since the advent of the smartphone, but it’s been around in some form or another for more than 20 years. SMS messaging gave marketers a whole new channel to pursue during the 90s, when cell phone ownership first became widespread. Now, with text messages the most commonly read form of communication, advertisers are cautiously rediscovering the possibilities of SMS marketing.

But mobile marketing is about much more than SMS. The smartphone age has seen to that by putting the power and connectivity of a desktop computer into the palms, pockets and handbags of almost everyone in the western world. Some inroads were made into serious, non-SMS mobile marketing tactics during BlackBerry’s first flush of success in the early noughties, but when the first iPhone hit stores in 2007, marketing execs really sat up and began to take notice. 

As developers clamored to create apps to go along with Apple’s devices, the first wave of modern mobile marketing tactics began to take shape. The focus was very much on volume, and publishers relied largely on getting high app store chart rankings in order to gain visibility. Marketing efforts were all about short-term gains, with the main objective to generate as many downloads as early as possible in order to climb the charts. Quantity reigned supreme over quality.

These early years of app/mobile marketing were dominated by incentivized downloads – something Apple continued to allow until April 2011, despite the obvious credibility problems. Tracking performance was problematic. Platform regulations were loose, and developers took full advantage; it was essentially a land grab, the Old West of app and mobile marketing. 

By 2012, developers began thinking about the possibilities of quality and performance tracking. CPI-based campaigns gathered steam and, and better quality tracking was sought. For their part, Apple tightened its rules, clamping down on people accused of gaming the chart system by using bot farms to generate inauthentic downloads.

Around the same time, publishers became more data-focused, integrating in-app analytics software to collect metrics like usage, engagement, retention and monetization potential. There was a growing focus on high-quality user experience – but mostly with the objective of retaining customers for the medium-term.

That all began to change over the last 18 months, as a new climate took hold in the tech world. The shift is now overwhelmingly moving in the direction of stellar quality, as mobile marketing campaign managers realize that acquiring new users, even for a pittance, is not sensible unless they are retained, engaged, and monetized. Against that backdrop, some unlikely transactions have taken place – such as the $19 billion acquisition of WhatsApp by Facebook – but there is no doubt that the app world has raised it’s game. With GPS technology and other location-based tools fast improving, the future of mobile marketing is unpredictable, but undeniably exciting.