I just received an email from my friend, Julia McNally, the MD at New Visions, a UK mobile marketing consultancy. The quote that really struck me was that the open rate for text messages is 95% vs 25% for email. A quick search on Google revealed the source - IAB - and this posting from the UK's website, Mobile Marketing - http://www.mobilemarketingmagazine.co.uk/2007/04/text_scandals_n.html. In the article, Robert Thurner, Commercial Director at mobile marketing agency Incentivated, said there are 138 million text messages being send everyday and I am assuming he is only talking about the UK.
We have recommended over a half dozen global programs with mobile marketing in the last year but with no takers. Are international tech marketers missing a trick? The only high profile campaign which I have seen is the Microsoft Mobile with publications like Business Week.
As tech marketers move into international markets, they must think beyond the PC and the traditional Internet. The mobile phone is highly personal and convenient. In addition, most trusted international IT media owners don't have a clear mobile strategy. Tech marketers can take the lead and create what could be a very effective avenue to regularly communicate to a community which is on the move.
Tom Foremski has started an interesting discussion on the rise of the technology-enabled new media companies like Google, Microsoft and Yahoo: http://www.siliconvalleywatcher.com/mt/archives/2007/05/media_ownership.php.
I agree with him. The left coast has the east coast on the run even if they don't really know it yet.
How about the smaller media owners especially the ones in international markets? At the current pace, they wouldn't be able to complete against these new "techstream media" players.
Maybe it's a tale of 2 ad sales teams:
1) outsource: partner/hire the "techstream media" to sell your "classified" search packages
2) in-source: have a small group of highly paid (!), well-connected integrated media sales specialists that can weave your media properties, its content and loyal readers into a program.
As a tech marketers, there is an interesting model forming. Working with these new "techstream media" players for low touch, high volume distribution of their content, offers, etc. could be very efficient. However, a content company is best placed help you execute high touch, low volume integrated programs especially in the B2B space.