ECON201, Maclachlan, Fall 20061 Comparative Advantage Chapter 2.
Mobify Peter MacLachlan
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Transcript of Mobify Peter MacLachlan
Mobile killed my marketing funnel90% of consumers use their phone to shop, to find you and while standing in your store. They demand a seamless customer experience… and there’s money on the table if you can deliver.
Mobile isn’t winning on customer engagement. It’s won. If this is news to you, pinch yourself.
Mobile has won
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2013 2014 2015
Smartphone
Tablet
Laptop
Desktop
“What’s your most important device for accessing the internet?”
Source: Ofcom
Saying “Mobile Internet” is like saying “Colour TV”
Source: IBM
Mobile is over half of ecommerce traffic and a third of revenue
So where’s all my mobile revenue?
Source: IBM
So where’s all my mobile revenue?
Opportunity?
Mobile is over half of ecommerce traffic and a third of revenue
In the past, the dominant model was the marketing or brand funnel.
The funnel models consumer behavior in a linear progression from awareness and consideration to purchase, loyalty, and advocacy.
Awareness
Interest
Consideration
Intent
Evaluation
Purchase
Marketing
Sales
Marketing
Sales
Then… …Now
The New Marketing & Sales Funnel
The Marketer’s View
Mobile fractured consumer buying journeys into short, intent-driven moments
Customers jump from Awareness to Purchase. From April 2015 to March 2016 Mobify measured a 16% increase in mobile shoppers purchasing on first visit.
Skipping stages
1
From April 2015 to March 2016 Mobify measured a 29% increase in mobile purchases attributed to social media.
Entering mid-funnel
2
25% of retailer site visits come from unbranded key word searches, already at consideration or intent stage.
Stages happen out of order
3
Awareness
Interest
Consideration
Intent
Evaluation
Purchase
Marketing
Sales
Marketing
Sales
Then… …Now
3 Ways Mobile Killed the Marketing Funnel
The mobile customer engagement crisis created by the end of the marketing funnel is just beginning.
It’s more than a small screen. It’s a perpetual connection to your customer.Deloitte, Comscore, SimilarWeb, Scanlife
“
Outcome: Lost customers
While costs to acquire customers and manage customer complexity continues to grow
Friction in the customer journey leads to customer exits and eroded brand value.
After achieving brand awareness and interest, cart abandonment leads to revenue loss.
The cost to manage proliferating technologies burdens retailers and decreases ability to move with speed.
Low repeat customersLow customer satisfactionLow mobile advocacy scores
Low conversion ratesHigh cost of acquisitionAttribution obscurity
No single view of customerHigh technology and people costLonger project lead times
If mobile killed the marketing funnel, is there a silver lining ?
Across the industry as a whole net profitability has fallen from6-8 percent of sales pre-2007 to 3-5 percent today
Cost base increases are outstripping market growth.
Greater price transparency enabled by the digital transformation along with overcapacity and intense
competition in the market has led to a sustained period of price deflation.
The impact of increasing investment in digital.
12.4%
19.6%
33.8%
7.0%5.0%
2.0%
1984 - 1994 1994 - 2004 2004 - 2014
Growth Across Period for
Retailers, %
Costs Consumer Spending
Prime Now offers members one-hour delivery on an important
subset of selection, and was launched only 111 days after it was
dreamed up. In that time, a small team built a customer-facing app,
secured a location for an urban warehouse, determined which 25,000
items to sell, got those items stocked, recruited and on-boarded new
staff, tested, iterated, designed new software for internal use – both a
warehouse management system and a driver-facing app – and
launched in time for the holidays.
Amazon 2015 Letter to Shareholders
“
How close to meeting customer expectations are you?
Mobile Customer Engagement Maturity
Mobile FirstResponsive
Adaptive
Mobile as a channel
Device
Campaigns
Multichannel
Customer First
Progressive Mobile
Mobile integrated withlegacy Systems
Screens
Conversations
Omnichannel
M.Dot
Responsive
Adaptive
Device
Single-Channel
Shrink & Squeeze
Relationship focused
Replace legacy systems
Relationships
No Channel / Unified Commerce
Business Disruption
How close to meeting expectations are you?
Mobile Customer Engagement Maturity
Mobile FirstResponsive
Adaptive
Mobile as a channel
Device
Campaigns
Multichannel
Customer First
Progressive Mobile
Mobile integrated withlegacy Systems
Screens
Conversations
Omnichannel
M.Dot
Responsive
Adaptive
Device
Single-Channel
Shrink & Squeeze
Relationship focused
Replace legacy systems
Relationships
No Channel / Unified Commerce
Business Disruption
Progressive mobile is an approach to mobile customer engagement that helps you control the chaos.
You need to unite fragmented mobile moments intoseamless and productive customer journeys.
Progressive mobile simplifies the journey.
Progressive Mobile helps retailers meet customer needs.
Today, and tomorrow.
TV/In-store/Car Screens
App-Like Mobile Web
Progressive Native Apps
Mobile First Responsive
AR/VR/ Disruptive
Shrink & Squeeze
Progressive Mobile
One codebase for engagement.
App-style speed, interactions and navigation on the mobile web.
Works for every user on all browsers with a consistent experience
17
Responsive - Operate seamlessly across all screen sizes
Engaging - Make user re-engagement easy using push notifications
‘Installable’ – Let your customers save your app to their home screen
Linkable - Easily share via URL with no app store installations required
Connectivity independent - Work offline or on low quality network connections
App-Style Customer Experience
Fresh - Always up-to-date
Secure – Served via HTTPS
Discoverable - Are identifiable as “applications,” allowing search engine discovery
App-Style Technology Experience
A Progressive Web App is
• Discoverable by all!
• Loads quickly, even on 2G
• Works offline and conserves data
• Interactions are fast and smooth
• Progressively installed as it’s used
• Easy to re-engage with
Installable Performant Engaging
greater conversion rate
via Add to home screen
70%
Brand controls
Splash screen and
theme color
Activated Error
Idle
Active
Terminated
Load
Service Worker
• Adds app-like lifecycle to a page
• Wakes up only when the OS says
• Only responds to system events
Install required assets
Activate
d
You manage what is “installed” and how it is cached.
Install Get files/index.html
/styles/main.css
/scripts/app.js
Offline and resilient
Service
Worker
Local
Cache
Web
Server
Fast and cost effective
3xLower data usage
Push notifications
• Work when browser closed
• Lightweight (save’s battery by using GCM)
• Native notifications
Service Worker Push Service
(GCM)
Web Server
350MPush notifications delivered every day
more time spent on site
3x
Re-engagement rate
40%
Power of push
notifications
increase in time spent on site
72%
increase in average spend per visit
26%
BluetoothPermissionsNetwork
InformationMicrophoneCamera
And there is more
Native SharingLocation
Payments in the near future
developers.google.com/web/showcase/case-study/flipkart
Progressive Web Apps
• Discoverable by all!
• Loads quickly, even on 2G
• Works offline and conserves data
• Interactions are fast and smooth
• Progressively installed as it’s used
• Easy to re-engage with
Adding the App
Once an engagement threshold has been crossed, we can invite the user to install the Progressive experience to their home screen.
Adding the App
Once an engagement threshold has been crossed, we can invite the user to install the Progressive experience to their home screen.
Adding the App
Once an engagement threshold has been crossed, we can invite the user to install the Progressive experience to their home screen.
Using the App
The Progressive experience will seamlessly blend the best of app and web.
Using the App
The Progressive experience will seamlessly blend the best of app and web.
Offline Mode
If the mobile customer suddenly loses their connection…
Offline Mode
If the mobile customer suddenly loses their connection…
Offline Mode
If the mobile customer suddenly loses their connection…
Offline Mode
If the mobile customer suddenly loses their connection…
Push Notifications
Clever use of notifications draws the user back to the Progressive experience, reminding visitors to complete actions they couldn’t while offline.
Push Notifications
Clever use of notifications draws the user back to the Progressive experience, reminding visitors to complete actions they couldn’t while offline.
Push Notifications
Clever use of notifications draws the user back to the Progressive experience, reminding visitors to complete actions they couldn’t while offline.
A Progressive Mobile Strategy Works Across Screens
Progressive Mobile is Customer First
Mobile Web App-like Web Native Apps