Mobile Coupon Redemption
Joe: This is an example of SMS broadcasting. Voupons is VERY different and the consumer send the deal to their own phone. The redemtion rates jump to over 50% when this is the case. And you are also building email and sms lists for future engagement”
In the “Mobile coupons – the road to redemption” study, the research predicts which markets and trends are expected to grow by 2016. The study also looked at issues that must be overcome to make mobile coupons viable.
“The major challenge on the user side will be ensuring relevancy – once someone starts to receive too many badly-targeted offers, or even worse, unsolicited offers, they will view mobile coupons as spam and cease to be part of the market,” said ” said David Snow, senior analyst at Juniper Research, Hampshire, England.
“On the retailer side, the major challenge is having both the redemption technology in place and staff trained to use it,” he said.
“If a motivated consumer arrives at a store and cannot redeem the mobile coupon for some reason, then everyone loses.”
Mobile coupons that were primarily only available via SMS and MMS in 2009 are now being sent to consumers through more advanced ways with mobile email, mobile payments, applications and mobile Web.
The study also found some interesting statistics that divide mobile coupon usage by location.
The Far East and China will continue to be a hot area for mobile couponing and is expected to generate almost $45,000 in mobile coupon redemption by 2016.
However, mobile couponing is predicted to particularly grow in the United States and Europe with more advanced mobile platforms, per the study.
“The growth in North America and Western Europe is closely linked to the growth in smartphone and mobile app and mobile Web adoption and location- and person-aware mobile coupon schemes,” Mr. Snow said.
“Mobile coupons have been more widely used in the Far East and China, but they are more SMS-based and therefore more limited in personalization,” he said.
+Voupons combines the most effective marketing methods, Daily deals, email, Google and SMS.