The second annual Mobile Marketing
Association (MMA) Impact conference, held this past week in New York, offered
marketers new perspectives on how to leverage mobile in their branding and
campaigns. New technological advances such as VR, AR and AI can be creatively
used to help consumers better engage and interact with products and services.
The
Power of the Consumer
Mobile in particular is a very
powerful tool for the consumer since they have all of the control. Kristi Argyilan,
Senior Vice President Marketing, Target, stated that, “We can no longer simply buy
their attention. We have to earn it every day.” To that end, she explained
that, “We engineer relevance for true one-to-one.” Relevance is pivotal in a
time of fragmented attention and a flood of messaging. Add to this the fear of
brand safety and fraud means that ads and campaigns are under more scrutiny
than ever before.
Overcoming
Brand Damage
What do you do when a brand is
damaged? Jonathan Beamer, CMO, Monster, admitted that his company, “Hasn't
rocked it for a decade.” Monster was founded 25 years ago and offers a
cautionary tale to others. “We were disruptors and then we were disrupted.”
Today, there is a shorter life span for Fortune 500 companies with fewer and
fewer maintaining their size and power over a decade. Beamer blamed bad
management for losing sight of the original purpose and squeezing profits when
they should have been re-invested in the business. “We missed how mobile and
other technology could also be used to serve our mission.” Data and insights
gleaned from research have helped Monster re-establish itself with a firm
mobile presence that speaks to an invigorated target consumer – the job seeker
rather than the recruiter. “We dig deep into consumer research’” and found
that, “consumers want a champion. They want a company that will do right by
society,” he concluded.
Enhancing
Brand Position
Ophelia Ceradini, Vice President
Digital Innovation and Technology, Estee Lauder, is charged with the task of
enhancing an already strong brand through the use of new mobile technology to
better match products to consumers. She focuses on, “The power of the human
touch and emotions underpins the high touch approach.” Estee Lauder has
advanced a myriad of AR elements to their site including ways that women and
men can personalize their experiences online using facial recognition on skincare
needs. The site then recommends which products each individual should use. Voice
assistants are now enabled to recommend store locations as well as offer meditation
so the application of products is hands free.
The
Next Steps for Mobile
In this fast paced competitive
environment, how can mobile continue to grow its marketing prowess? Dr Neil
Morgan of the Kelley School of Business at Indiana University is spearheading
the MARS (Mobile Analytics Realtime Social) project that asks what marketing
capabilities do we need to be good at to survive today? His project interviewed
over one hundred executives at over 80 companies over a range of performance
metrics and levels of digital adaptation.
He found there are four areas of concentration
that impact a consumer’s expectations across categories: Individuality, Immediacy,
Integration and Information. “We should be in the golden era of marketing with
accuracy, accountability and agility,” he stated. “But instead we find entropy,
barely concealed chaos, like a roller coaster creeping up before they drop you
down.”
There is a lot of data available out
there but what is the next step? Marketing is divided, tech is eating strategy,
which bell and whistle should I choose, adding but not changing and the
potential errors that can occur when we mix third party data into our first
party data.
He advises that companies need to
first choose a strategy and decide how they will compete. Develop growth stacks
based on exchange, experience (eliminating pain points) and engagement (to drive
enhanced functionality) and then join, build and manage communities. Finally,
marketers need to integrate all learnings into the fabric of the organization,
creating an environment of trust where people are willing to share.
Next
Steps
As we all grapple with the
continuing refraction of industry, a greater understanding of the potential of
mobile will enable marketers to successfully leverage their consumer outreach.
From damaged brands that can come back from the dead to successful brands who
strive to maintain their brand position, the promise and perils of mobile need
to be understood and fully integrated into a company’s mission.
This article first appeared in www.Mediapost.com
This article first appeared in www.Mediapost.com
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