Changing an advertising Status Quo.
by re-imaging an old friend.
Like any good tech startup, we're not adverse to a bit of disruption. Unlike a well known supermarket flogging a Status Quo classic, we’re in the process of changing a 'Status Quo' in the multi billion dollar advertising industry.
What is this Status Quo?
You will have heard the old adage:
“Half the money I spend on advertising is wasted; the trouble is, I don't know which half”
This was coined back in the late 1800’s by John Wanamaker (said to be the 'pioneer in marketing'), amazingly over 100 years later this still rings true today! While we're getting better at this online, what about offline? How do we measure advertising spend to bricks and mortar businesses?
The problem is that the basic marketing formula is broken.
The formula goes like this: Create an Advert... Distribute to channels… Measure the results... report on the ROI.
Seems easy enough, BUT, like any formula, if you're missing one of the inputs then it doesn't work. As Mr Wannamaker eludes to, measuring results on advertising is difficult, so without measurement the Status Quo remains. With online being only a small piece of the overall global retail spend, the problem needs solving for bricks and mortar. So how do we measure advertising effort into bricks and mortar businesses?
Imagine all the people...
Indulge me for a few sentences and imagine if there was a platform that connected customers from an advert (online or offline) to a business with one click at the time they were considering a purchase.
No APP to download, no QR codes, no in-store tablet or touch screen required... Just One click... On their own phone.
Imagine also, from this click, they received personalised content allowing them to do a whole range of things.
- Access a coupon or offer they had seen online
- Order from a menu in your store
- Browse a virtual brochure or catalogue while browsing your merchandise
- Register for an event or sign up to a class
- Download an APP from the APP Store
- Or simply access public WiFi
What if I told you this platform is already out there...
...and it has some pretty good traction. Actually it has millions of people using it every day around the world and I'd wager you are one of them. The only problem is that it currently only does one thing…WiFi that gives you free internet.
At Smartbeat we have re-imagined WiFi and have developed some patent pending technology that opens the door to turning the humble, lovable WiFi into much more than just WiFi. We have called it “WiFi as a Platform” or WaaP (we're a tech startup, there has to be an acronym in there somewhere)
Why is this cool?
WiFi is an accepted part of our tech landscape and is well within the digital know how of most people, it’s just a small step for people to make use of it for a lot more than 'just' WiFi.
Connecting to your customers on their own phones in store, also allows us to measure their interactions the same way we can measure interactions online ie. (for the marketers) WE CAN PIXEL IN-STORE!
Which brings us back to our formula, the missing magic input...measurement, and why we believe we can change this old status quo with this technology!
What does this mean to you?
We’ve been running this in a few innovative retailers around Perth over the past 6 months and we're now ready for early adopters to jump on board.
We’re looking for empathic marketers & ad agencies that want to be able to show some ROI for their brick & mortar clients.
We’re looking for creative thinkers to imagine what else we can do with this re-imagined technology.
We’re looking for astute investors who want to join our journey, that have experience, knowledge and connections to open the right doors for us and help us commercialise this global opportunity.
Find out more
To find out more about how this can help you and your customers, reach out on the chat right now ( just over there on the right :), give us a call or fill out our contact form.
Want find out a bit more before getting in touch? Here's some of our resources
- This is Jim. A short video on finding your No.1 customer and True Fans
- Unsung Hero. Another video about Jane, the quiet customer. Once you get to know her she has another side, your business's super hero
- The power of the Pixel. Here is a blog post from Phil McGregor from adchief.io (one of our awesome partners) on the power of the Facebook Pixel:
HOW TO GENERATE A LIST OF PEOPLE WITHOUT NEEDING THEIR EMAIL ADDRESSES