I read an article today that added more weight to the fact the mobile marketing will become a huge source of customer acquisition and increase in sales.
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The article stated that by the end of 2010, there will be roughly 5 billion cell phone subscriptions. That means that there are more cell phone users in the world then people who have access to the Internet.
When I first started taking an interest in mobile marketing back in 2007, it was very much in its infancy with really only the big corporations spending money on mobile advertising.
They were spending millions of dollars a year on mobile marketing for branding purposes and ROI was not really on their radar at the time.
Fast forward to 2010 and Admob.com is not the only source where you can buy mobile advertising. Dozens of the competitors have popped up that can provide hundreds if not thousands of targeted clicks every day to your ad campaign.
Mobile CPA networks have started up, giving affiliates a new platform to drive mobile traffic to mobile offers. (I am currently testing this and getting my butt kicked… obvious tweaking and testing needs to be done).
There are obvious weaknesses when it comes to advertising on mobile phones such as screen size, attention span, credit card information, etc. But with mobile marketing constantly evolving at a rapid pace, it is just a matter of time before the average person will be able to market effectively on mobile devices.
Mobile marketing reminds me of the wild west days of early Internet marketing where just a handful of people actually knew what there were doing while the technology was evolving quickly.
Mobile marketing currently out-pulls traditional marketing by 20 to 1 according to some recent statistics. I think this is because a mobile device is much more personal and it is hard for the user to avoid the advertisement as it is with other advertising mediums.
I think mobile marketing will become huge in the next few years and marketers such as you and me will be able to benefit from this advertising medium and make money.
Your thoughts?
Gauher Chaudhry