Showing posts with label strategy. Show all posts
Showing posts with label strategy. Show all posts

Saturday, November 30, 2013

Analyzing Pandora’s multichannel mobile strategy

By Rimma Kats

August 2, 2012

Pandora

Jewelry retailer Pandora has been steadily making mobile a bigger part of its marketing strategy to not only drive sales, but increase brand awareness.


The company has used mobile during key holiday seasons such as Mother?s Day and big events including the Superbowl to engage new and existing customers with its products. Additionally, Pandora has a mobile application and has dipped its toes in mobile advertising, as well as QR codes.


?We?re evaluating all sorts of different vehicles constantly,? said Angel Ilagan, vice president of marketing at Pandora North America.



?Mobile works, especially well when we talk about our major holiday campaigns,? he said. ?As we understand how the consumer utilizes a mobile device, we?re able to apply our advertising accordingly to make it fit to the environment.


?There?s also a lot more engagement happening on mobile.?


Mobile campaigns
Earlier this year, Pandora ran a mobile Valentine?s Day campaign that aimed to engage male gift givers.


The company partnered with Millennial Media and agency GKV on the mobile initiative, which targeted males during Super Bowl Sunday.


The campaign drove more than 17-times the number of clicks as the average for the previous 16 days.


Via the campaign, Pandora ran mobile ads on mobile sites and apps that would likely reach men while they were browsing between plays.


The campaign ran every Sunday in January leading up to the big game.


Instead of going the traditional route and spending a lot each month on a 30-second spot, Pandora decided that mobile was the next big step in reaching its target demographic.


Additionally, the jewelry retailer ran another campaign with Millennial and GKV for Mother?s Day.


The mobile campaign ran three weeks prior to the holiday and targeted both men and women.


The demographic for the Mother?s Day campaign was men ages 35-49 and women ages 25-49 with an annual household income of more than $50,000.


Through the mobile ads, consumers were encouraged to design their own bracelets.?


Inevitably, the intiative aimed to bolster Pandora?s sales during Mother?s Day.


According to Mr. Ilagan, the campaign delivered upon the company?s expectations and drove consumers to the Pandora Gift Advisor.


In addition to using mobile advertising, Pandora also has a mobile app where consumers can browse the entire Pandora catalog, stay up-to-day on the latest pieces in the collections, as well as share their favorite items with friends and family through Facebook and email.


Through the app, customers can also narrow down their search. For example, users can browse for items based on their budget, the type of jewelry they are looking for, the material it is made out of and the colors they prefer.


Pandora has also placed QR codes on its static print campaigns to drive brand awareness.


?QR codes help our consumers and our retailers,? Mr. Ilagan said.


Multichannel aspects
Having a multichannel approach is critical for both marketers and retailers.


Having a mobile application does not mean a marketers has a complete mobile strategy.


It is important for companies to incorporate different mobile mediums to reach as many consumers as possible.


?Pandora is a great example of a stellar jewelry brand that knows their buying season, audience and consumer behavior," said Marcus Startzel, general manager at?Millennial Media, Baltimore, MD.


"Back in January, when they advertised during the Super Bowl on mobile, they knew they would get to their targeted male audience while these avid sports fans were buried in their mobile device, versus the TV," he said.??


?GKV was a great agency partner in all of our Pandora mobile ad campaigns."


Final Take
Rimma Kats is associate editor on Mobile Marketer, New York

Associate Editor Rimma Kats covers media, television, research and social networks. Reach her at rimma@mobilemarketer.com. Follow her on Twitter: @RimmaKats.


View the original article here

Friday, November 29, 2013

JackThreads ramps up mobile retargeting strategy to capture holiday sales

By Chantal Tode

October 2, 2013

JackThreads

The JackThreads iPhone app

Daily deals site JackThreads is retargeting users of its mobile commerce application with relevant banner ads when they are inside other apps as a way to drive sales.

At more than 50 percent of revenue, mobile is already a very important channel for the members-only online retailer of men?s clothing. With the key holiday shopping period gearing up, JackThreads is using retargeting as a way to ensure it does not miss any opportunities for sales.

?We are retargeting consumers of JackThreads based on their behavior in the app,? said Evan Schwartz, CEO of ActionX, New York.

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?All they want to do is drive positive return on ad spend and deliver a great consumer experience,? he said.

?We started the test about six weeks or so ago,?and we saw great results and we are ramping it for the holidays right now.?

Real-time segmentation
JackThreads integrated ActionX?s new mobile retargeting program into its mcommerce apps in mid-September.

As a result, when users search, browse and add items to their cart from within the app but leave without making a purchase, the retailer can reach these users in other apps with banner ads related to the items they have already shown an interest in. The ads often include a promotion to encourage users to click.

Users are segmented in real-time, and ActionX finds them in other apps such as Pandora and The Weather Channel.

A JackThreads retargeted ad in The Weather Channel app.

?We target them with banner ads based on their behavior in the JackThreads app in the hopes of getting them to click on the ads, click back into the app and make a purchase,? Mr. Schwartz said.

Targeted ads
ActionX reports that across clients, click-through rates are two to three times higher than for a typical mobile ad while the return on ad spend is typically between four and eight times higher.

The reason why retargeting is seeing strong results is because users are used to seeing untargeted ads in mobile, per Mr. Schwartz.

?When they actually see something they are interested in, whether it be a promotion, a product or an offer, they are much more likely to click through," he said.

In a new partnership with Branding Brand, ActionX will look to bring its mobile retargeting platform to the mobile site and app developer?s clients, which include American Eagle Outfitters, Costco and Ralph Lauren.

During the important holiday shopping season, retailers are typically more intent on delivering strong experiences as the bulk of sales happen during the last three months of the year.

?There is so much traffic going to mobile Web sites and mobile apps during the holidays, it really is a huge shift that is happening,? Mr. Schwartz said. ?Some of our clients were seeing only 10 percent of their users on the mobile site and apps last year, and now it is closer to 40 percent.

?This is where consumers are going, and marketers and brands want to use all of the tools at their disposal to make sure that they are capturing those dollars during the holiday season,? he said.

Final Take
Chantal Tode is associate editor on Mobile Marketer, New York

Associate Editor Chantal Tode covers advertising, messaging, legal/privacy and database/CRM. Reach her at chantal@mobilemarketer.com.


View the original article here