“This necessary book is the kind
of roadmap we all wish we had back in 2001. It will guide you to
success in mobile advertising, hopefully helping you to cross the
chasm from unproven to proven success for your brand. It will help
technologist think about what they can bring to the table, and
investors think about where to invest.”
From the Foreword, Greg Stuart, Former CEO,
IAB, Coauthor, What Sticks?
Mobile Advertising
Supercharge Your Brand in the Exploding Wireless Market
Mobile advertising is the
stuff of which great cocktail party conversations are made. Some
research houses are telling us to expect a $12 billion market by
2011. Online advertising has grown to look like a business to print
money, so it’s only natural for there to be a little envy among us
all. But that shouldn’t cause us to forget that online advertising
didn’t exactly happen overnight—it was tough sledding. And while
there are obvious winners today, we all tend to forget the carnage
left in the wake of unrealistic expectations.
This book is about assessing the market opportunity
and understanding its challenges and issues so as to make money and
create long- term value with mobile advertising. We’re convinced
there’s a market here but developing it to its full potential won’t
be easy. It never is.
Mobile
Advertising—Supercharge Your Brand in the Exploding Wireless Market
is the first comprehensive book on the business of mobile
advertising, and we hope it is useful to anyone involved in the Web
or wireless industries, from either the technology or
marketing/advertising side.
Because the market is nascent, we focus on the
unique advertising capabilities of this emerging medium. And we
evaluate the structural obstacles currently in the way of this
potential and evaluate possible remedies and solutions.
Figuring out what mobile advertising means at this
early stage and what you may want to do about it is best served by
incorporating several distinct perspectives—the conceptual, the
analytic, and the practical. This is why the three of us decided to
collaborate on this initiative.
Because we all have a passionate interest in going
from buzz to biz, we’ve interviewed many prominent and relevant
thought leaders to round out our perspectives.
For the purposes of our discussion, we use the term
mobile advertising broadly. By mobile advertising we mean any
way to message a person while they’re mobile through any mobile
device, so as to influence their behavior. This includes space
advertising such as a mobile banner in an application, promotional
treatments such as an SMS “ coupon,” or even a mobile search model.
Mobile technology has the opportunity to turn a lot
of image advertising into direct response treatments. It can provide
remarkably valuable targeting capabilities and the kind of
interactivity required to get people’s attention. Because of these
inherent capabilities, the traditional lines between marketing,
direct response marketing, database marketing, and promotion
converge in creative ways.
So in this book, we use the term mobile advertising
as meaning the systematic planning and implementation of a mix of
activities designed to bring together mobile consumers and sellers.
Given this definition, we discuss and include:
Direct
response, including promotions requiring a consumer response.
Search
advertising and marketing and its derivatives around pricing and
auction types.
Brand
campaigns and all the implementation possibilities regardless of
mobile technology.
Our basic
thesis is that mobile advertising shows great potential due to the
compelling nature of the medium and the fact that advertisers want
to see this happen. Once any new advertising medium is established,
such as the Internet, it’s always easy to forget how long it took
and that its success was not guaranteed. There are significant
obstacles to overcome for mobile advertising to become meaningful.
We want to offer a detailed and honest analysis of those hurdles and
offer a perspective on how they can be managed.