Influencing Consumer Decisions at the “Last Meter”
Forget about the last mile, it’s all about the last meter. Where the rubber meets the road. The final chance to whisper “choose me.” As marketers, you’re pros at top-of-funnel techniques like building brand awareness and generating interest and desire, which (fingers crossed) will convert into sales. But the one place where you have the least control is at the moment of decision, where consumers decide what to buy and what to bypass.
Are location-based apps the answer?
The latest entries to the last meter game are location-based applications. Every company, from the corner dry cleaner to the nationwide chain, has been jumping on the bandwagon. This is the godsend you've been hoping for — or is it?
Forrester Research provided a reality check earlier this year when it concluded that only 4 percent of U.S. online adults have used location-based apps, and only 1 percent use them regularly. Expectedly, the believers countered with stats about the unstoppable momentum of smartphone adoption and argued that the current state is not an accurate indicator of future potential. We do know who's embracing these apps today — men ranging from 19 to 34 years old. But even if that is your target audience, there are no guarantees. And if it's not, the road to adoption may be even longer.
What’s the ROI for your customers?
To start, you have to consider your customers’ return on investment. This universal formula applies to anything that requires a shift in behavior, and location-based apps are no exception. Let’s start with the “I.” What are you asking them to invest? In the case of apps, it’s the effort of seeking out, downloading and using the application, hopefully over and over again.
And in return, what's the “R” that they're getting back for their investment of time? That is, what exactly is it that you're making better, cheaper and faster to justify the additional effort? Until recently, the sole focus had been on the gaming aspect, where virtual rewards such as mayorships and badges are earned for check-ins. But there's a collective realization that it will take more for these apps to break out beyond being a mere novelty.
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