SoLoMo is on the tip of every savvy marketer’s tongue, and there’s good reason for this. SoLoMo (Social-Local-Mobile) marketing adds local information to search engine results in order to capitalize on the increasing use of mobile devices.
According to data compiled by Monetate:
nearly 90 million (or 78 percent) of the 116 smartphone owners search for retail content on their smartphones every month.
In 2012, these searches influenced over $159 billion worth of sales, and these numbers are only expected to keep growing.
Unexpectedly High Conversion Rates
Online marketers may be depressed to note that most people who are searching for items on their mobile devices do not tend to purchase them while they are on the device. However, these low conversion rates should not make marketers shy away from SoLoMo efforts. Instead, according to MarketingLand.com, they should look more deeply into the statistics.
Within 24 hours of performing a search, 90% of smartphone users make a purchase. Approximately 70% of smartphone users call the business they were searching, and 66% of users actually visited a local store after performing a search. These incredible numbers underscore the huge importance and potential that SoLoMo marketing has.
Geo-Location Technology May Drive Sales
For years, search engines have been targeting users with local content based on their IP addresses. However, this tactic is flawed as many use computers with IP addresses that are registered to addresses thousands of miles away from where they are really located.
By relying on the far superior geo-location technology that is embedded in a smart phone, advertisers can achieve this same feat but with far greater accuracy.
By closing the gap between online searches and brick-and-mortar shops, business owners have the opportunity to reach more clients and garner more sales. Shopkick.com has capitalized on these efforts by sending users coupons the moment they step into a store. According to Mashable.com, these coupons and offers can be sent to potential clients without infringing on their privacy.
The Power of Apps
Although an increasing number of consumers are using their smart phones to research buying decisions, many retailers are not capitalizing on this fact. According to MarketingLand.com, less than half of all retailers have optimized their websites for mobile use. Even fewer retailers have designed apps for their potential clients to use while on their smart phones.
Although building an app may sound superfluous to many business owners, the fact remains that while more than 80 percent of smartphone users spend time using apps, less than 20% of them spend time using their mobile browser.
Enticing Clients with Visual Content
When designing a mobile advertising campaign, advertisers should think carefully about the compelling nature of the visual. Hubspot reports that most Internet users perfer pictures to text, and they are moving more and more toward visual content every day. Facebook users upload nearly 300 million photos daily, an increase of 20% from the number they were uploading in early 2012.
Their uploaded pics garner 53 percent more likes than the average status update.
Is there a way for business owners to capitalize on this trend? Break.com seems to think so. Their funny videos and racy photos with headlines like “The Web’s Most Rockin’ Pic of the day – twins!” and “iPad Saves Man’s Life” have enticed a huge number of people to their site, and according to the Huffington Post, Mobilewalla has ranked their app as the 4th best free IOS app of 2011.
More Than a Passing Fad
Karen Hitchcock, vice president of marketing for SoLoMo Technology says SoLoMo is not a passing fad. She calls it an integral part of a successful marketing campaign and claims it is the perfect way for businesses to connect with their clients in novel ways.
Consumers want personalized experiences, and when you integrate SoLoMo into your marketing, you give them just that.
What do you think?