NOTE: GrowthBeat -- VentureBeat's provocative new marketing-tech event -- is a week away! We've gathered the best and brightest to explore the data, apps, and science of successful marketing. Get the full scoop here, and grab your tickets while they last.
SAUSALITO, Calif. — Mobile ads don’t need to be dumb and ugly stealers of precious screen real estate. They can be refreshing.
Adding context in real time, with inputs like geolocation data, can increase the value of ads on mobile devices, Brian Wong, cofounder and chief executive of Kiip, said at VentureBeat’s Mobile Summit conference today.
He used a running application as an example.
“You’re in a moment where you’re literally logging a run,” he said. “You’re sweating. That’s a perfect moment for Gatorade to be there to reward you with something.”
Indeed, Gregg Colvin, chief operating officer of Universal McCann, said he and his colleagues have been trying to move their customers toward mobile as “a utility.” On mobile devices, he said, it’s possible to deliver “contextual relevancy.”
But mobile marketing is still nascent. Some companies that buy ads don’t necessarily grasp the power and appeal of mobile ads yet. And on top of that, they might not have the best tools to measure the value of any mobile ads they do buy.
Reach and frequency metrics might not be enough to demonstrate success in mobile advertising, Wong said.
“I think ultimately the differentiation we need to create here is something like moments,” he said.
Companies that deal in mobile ads have a duty to articulate their value beyond just price, Wong said.
They “need to know and expose the value of mobile screens — the positives,” he said.
We sleep near our phones, and we check them as soon as we wake up. Wong hopes more media buyers will wake up to that.
For Colvin, mobile is important, but it has a place alongside other media.
“I don’t care if it’s indoor or outdoor or whatever,” Colvin said. “Is it relevant, is it immediate to my consumer? That’s the most important thing.”
Kiip is a rewards network that allows iOS and Android game developers to integrate real-world rewards for virtual achievements made within their games, offering them a way to monetize freemium apps without detracting from the gameplay.... read more »
Brian Wong is the co-founder and CEO of Kiip (pronounced "keep"), a category-creating mobile rewards network that is redefining mobile advertising through an innovative platform that leverages "moments of achievement" in games and apps... read more »
Powered by VBProfiles
We're studying digital marketing compensation: how much companies pay CMOs, CDOs, VPs of marketing, and more
, with ChiefDigitalOfficer. Help us out by filling out the survey
, and we'll share the results with you.