Like many others you may of heard the term ‘SoLoMo’ uttered
among the crowd but never actually understood what it meant, only that it was
the new craze that is taking the advertising, sales and marketing world by
storm. In this article I will define for you exactly what SoLoMo is, why it is
so important, and how it can benefit you and your business.
What is SoLoMo?
SoLoMo is a combination of the following marketing
strategies: social media, location-aware software and geo-tagging used for
advertising, and the use of mobile technology. Due to the majority of the
nation owning at least one form of smart mobile device such as a smart phone,
tablet, etc, people are relying more and more on this mobile tech to do day to
day tasks such as shopping, viewing the news, and more. In addition to this, a
large proportion of the nation regularly uses and spends significant amounts of
time on social media each day, usually on their mobile devices. Then throw in
the geo-location tracking built in to all smart mobile devices, and SoLoMo
makes a lot of sense as a marketing trend.
Why is SoLoMo so
The evolving mobile industry has and continues to alter the
way we live and as consumers; the way we consume. With mobile devices such as
smart phones and tablets becoming nearly as powerful as if not more powerful in
some cases than a desktop PC or laptop computer, and with many people doing
away with the need for laptops and PCs at all, we are slowly but surely
becoming more dependent on mobile devices than ever before. Mobile devices have
come so far and have penetrated our daily lives so much that people are running
businesses on tablets and iPads, and people are doing their weekly grocery shop
or purchasing other items using their mobile phones.
These are just some of the reasons why mobile marketing has
become one of the main marketing strategies in recent years, as has social
media marketing, due to the integration of social media into our daily
routines. Checking our news feed, updating our status, ‘checking in’ when we go
somewhere all come as second nature to many of us when we wouldn’t of even know
how to do such things just 10 years ago.
And with so many people checking in, this brings about the
need for location-based marketing strategies, and gives small and local
businesses the chance to jump on this new trend and bring back ‘local’ shopping.
Voucher sites and apps such as Groupon and Voucher Cloud give people the opportunity
to find offers in their area using their mobile device and social media’s
location tracking abilities, and allows businesses large and small to target
local customers via social media and mobile devices, meaning both consumers and
businesses have something to gain from SoLoMo.
How SoLoMo can
benefit you and your business
Making the most of SoLoMo is easy. The hard work is already
done for you, as many people are already have mobile devices and have social
media and check-in habits instilled into their daily routine. What you can now
do is tap into that, and encourage people to ‘check-in’ at your store, office
or event, and use location-based voucher apps and sites to target your market.
Another way in which SoLoMo can help you is it gives you a unique
insight into your target market. By checking their ‘check-in’ history, other
local and national companies they have shown interest in on social media, and
so much more, you can create tailor made offers, services and products, and
create alliances and sponsorship deals with other local companies and stores
that your target market show a peaked interest in or regular ‘check-in’ at.
All in all, there is still controversy surrounding SoLoMo as
some people view it as being too intrusive due to using location pinpointing
and broadcasting, but on the other hand SoLoMo is the makings of a consumer’s
paradise. All their needs are at their fingertips instantly, with content rich
and targeting information saving them the time and effort of sifting through
too much information, and saving them money in an instant and easily accessible
Labels: location based, mobile marketing, social media, Social-Local-Mobile, SoLoMo marketing