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Mobile SHOPPER MARKETING Venky Shankar, Suresh Ramanathan, Mirella Kleijnen, Ross Rizley, Shawn Morrissey, and Steven Holland
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Agenda What is mobile shopper marketing? The influence of mobile in shopping cycle Top issues in mobile shopping Organizing framework/Approach 2
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What is Shopper Marketing? “Shopper marketing describes the planning and execution of all marketing activities that influence a shopper along and beyond the path-to-purchase, from shopping trigger to purchase, consumption, repurchase, and recommendation stages” (Shankar 2014) 3
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The Shopping Cycle © 2010 Venkatesh Shankar. All rights reserved.4
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Scope of Mobile Connected device, in-motion, converged channel/device Friction-reducing medium Allowing CRM, voice of customer, product set Part of SMACIT Doing things, making decisions on the move 5
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Scope of Mobile Contextual: Location, Time, Weather Emotional connect Browser independence Shopper convenience-predictability Problem solving and solution-centric Goal fulfillment (utilitarian/hedonic) 6
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Areas with Most Mobile Influence Data proliferation Visualization tool Sustainable competitive advantage More knowledge about shopper Repeat buying vs. first-time buying Enhancing experience Feedback mechanism Realtime emotional solver 7
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Mobile Influence Leverage tactical information Predict behavior Be an intelligent agent Replenish products Customize offers when permission is granted Enable Cross-category experience 8
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Mobile Influence B2B2C—partnering, using API (Uber, Amazon, 7 Eleven) Distribution + Shopping centers Disrupt shopping practice Amazon lockers Identify shopping abandonment and fix it Data capturing 9
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Top Issues Assortment across channels Realtime/Dynamic pricing Attribution Digital yield/ROI Conversion metric Engagement App overload (App within App) Associates’ role in leveraging mobile influence 10
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Top Issues Influence employee journey (Well-armed shopper) – Leverage voice of the associate (VOA) – WIFM orientation of the associates – Employee gamification Is mobile making shopper deal prone? Are retailers fulfillment arm of Google? How much does shopper want firm to know about her? 11
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Top Issues How are you adapting to the changing environment (mobile, shopper needs) Changing the urgency of change How to target and personalize in a relevant and meaningful way---offer—context & timing Price of asking customer the information she wants to share Dynamic (time, location, weather) 12
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Top Issues Value of data Intelligent recommendation systems Leverage volume, velocity, variety, veracity Leverage big data—value extraction, capability Using data for anticipatory solution (voluntary information, past patterns) Making offers relevant/valuable Modeling—what to be done with the data 13
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Top Issues Quickly learn and adapt Keep up with the pace of device changes Deliver a rich experience in a device-agnostic world Security in a networked world Mobile chips and transmission Network effect (link to AHA, Jenny Craig) How to instant gratify a fully instrumented shopper 14
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Top Issues Help create the dream concierge Build trust through B2B partnership Enhance execution capability (Amazon locker, Lids/Macy’s NFL merchandise, Sunglass hut) Data ownership in partner initiative Virtual currency (Coke MyCokePlus, China’s QQ) 15
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Top Issues Mobile payment US/Europe/International differences Allocation issues Intelligent avatar/Dream concierge— knowledge based system/expert system 16
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Other Research Issues Role of mobile to activate, dynamically trigger change to multiple goals Mobile’s role in shopper engagement Shopper-created offerings/experiences Enable serendipitous discovery of purchase Mobile device design (form factor, responsive design) affecting path to purchase 17
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During Consideration Choice (Brand/Cat./Channel) Experience After Post-purchase sentiment Repurchase consideration Advocacy/WOM Recommendation Before Motivation Search Discovery Organizing Framework Mobile Device Medium Technology Actor Usage/Touch Exposure, Engagement Emotion Location/Time/Context Role of Manufacturer/Service Provider Acquisition/Retention Story Telling Geofencing/Beacon Search/Bundling Display/Functional Conversion/Disruption Data Capture, Analysis, Execution of Insights
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Organizing Framework 19
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Thank You ! 20
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