bitb -- location based marketing
DESCRIPTION
Chris Book's presentation at agencyside's "Back in the Black" account team training.TRANSCRIPT
Location-based Marketing
Chris Book
@ChrisBook
Back in the Black: April 28 – 29, 2011
First things first
• Location-based = Mobile– Yes, there are applications on mobile devices
that are not LBS
– No, these are not mobile applications. They are applications on mobile devices
– Useful, fun to have. Not exclusively mobile
LBS Maturity
• The Players– Foursquare– Gowalla– Facebook Places– ChatterPlug
LBS Maturity
• Industry Growth– Foursquare has more than 7 million users
• In April 2010 – 1 million• 381 million check-ins in 2010• Foursquare has 51% of marketshare, while Facebook
places is estimated at 4%*
– 43% of LBS users check-in multiple times per day– 47% of companies will use LBS services for deals
in 2011
*Online Marketing Trends
Room for Growth
• There are currently 60 million smartphones in the United States. By the end of 2011, 82.8 million additional phones will be activated.
*Nielsen
Yet, There’s Concern
• Despite eMarketer finding that 74% of consumers leave with a positive impression of a company or brand after interacting via new media, a recent study by Applied Predictive Technologies estimated that the average revenue increase seen by businesses when implementing Foursquare or Facebook Places is only 2%.
http://www.fastcompany.com/1746838/facebook-places-foursquare-social-medias-tiny-2-impact-on-businesses
But Why?
• It’s centered around the check-in– Check-ins aren’t engaging– Check-ins offer little return for consumers and next
to nothing for businesses• Yes, there are some whimsical deals (yet 37% of users
have never received any type or reward*)• Keep in mind – we had deals before social was around.
That wasn’t the point. Social was put in place to create and build relationships, not give me a buck off coffee
• Online Marketing Trends
But Why?
• No business focus with existing tools– No consumer engagement
• Real-time isn’t a luxury, it’s expected• Deals aren’t the answer, engagement is
– No multi-location capabilities– Few analytics/tool integrations
• Only when a tools addresses business needs first, can efficiencies be passed onto consumers
Let’s Fix This
• The industry lacks a tool that is focused on providing businesses with the tools that they need to succeed in the LBS space. – Live, real-time– Multi-locational– Rich analytics– Loyalty/rewards platform
Paradigm Shift
• In order to capitalize on a location-based business tool, businesses must be willing to take undergo in a 4 part paradigm shift:– Real-time– Accountability– Customer service– Data reliance
Paradigm Shift
• Real time– The market demands real-time
• Each customer is carrying what is essentially a computer with them at all times
• They are never disconnected from their friends, contacts and tools. They expect the same from you
• A business must be able to respond, interact, and engage at ALL times
Paradigm Shift
• Accountability– The veil between the customers and
businesses is removed• Customer bases are more empowered than ever to
speak up and have their voices be heard
– If a business messes up, you don’t just offend a customer, you offend their entire network of friends and associates
– Fix it, and fix it now
Paradigm Shift
• Customer Service– Every customer you have is now an industry
critic – the equivalent of a New York Times restaurant reviewer
– The are no off days– Your employees as “Cast Members”
• Each employee must fully understand that they are a representative of your business AT ALL TIMES
Paradigm Shift
• Data Reliance– Because each customer is carrying around a
computer, you must approach your on-location business the way an e-commerce business approaches theirs
– Data can do what you can’t: Be Impartial
Application
• Product Testing
• Secret Shopping
• Travel Check-ins
• Organization Knowledge Transfer
• SEO Benefits
• Marketing Tool Integration
What’s This Mean for Agencies
• Position yourself as the go-to resource, making your agency indispensible– Informed Decisions– Know before your client – Emergency PR
• Recurring revenue– Strategy– Analytics
• Referring fees
What’s This Mean for Agencies
Thank YouChris Book
www.chatterplug.com
@chatterplug