With Cyber Monday well underway, it's worthwhile to note that more consumers used their mobile phones to place purchases and compare prices on Black Friday than ever before.
MoCo is reporting that PayPal says mobile payments surged nearly 650% compared to last year. And Dow Jones says mobile searches jumped to about 200,000 this year from 5,000 on Black Friday on 2008.
Well duh - adoption from zip to something can seem like a spectacular gain. 208,000 mobile searches means less than .01% of Americans conducted searches - in fact, a small percentage of people who do such things probably accounted for the bulk of those searches.
Next year's numbers will be higher than this year's, as more people get used to mobile payment and search. But it is all notable for what it means to way we shop, and what retailers will need to do to keep us buying.
In-store mobile payment is not a like-to-have, it's a must-have. As I recently told the Global Retail Executive Council, it had better be cash, check, charge or mobile very soon if you want to keep consumers from going elsewhere.
What's more, that mobile search - the ability to compare prices at Amazon and then make a purchase means retailers had better launch their own product search and review apps and websites or risk consumers simply usurping you all together. Stores have the advantage of physical products sitting in front of consumers that they can feel, touch, and try. Branded mobile experiences that extend that to availability, consumer reviews and other what I call "bricks-and-mobile" offerings will offer not only spell competitive advantage, but sheer survival in the next few years.
I actually don't put much stock in this year's numbers. It's what they portend that matter.
The real world retailers who get that can prepare now to thrive in a bricks-and-mobile world.
Those who don't risk bringing a whole new, uninvited meeting to the term "Black Friday."
Read more, here. And check out my new book, THE ON-DEMAND BRAND (Spring 2010, Amacom/McGraw-Hill), which will explore this and other issues, here.
-----------------------------------------------------------------------
BRANDING UNBOUND WAS JUST THE BEGINNING:
>>> CLICK HERE FOR A FIRST LOOK <<<
-----------------------------------------------------------------------
Quick Links:
Generation Wow: Expanding the conversation to multi-platform marketing
BRANDING UNBOUND The Book
ADWEEK Magazines Excerpt
Rick Mathieson.com





Recent Comments