Abstract
This paper examines how mobile Internet, social media and
instant mobile advertising tools can support marketing
and retail of small and medium sized entrepreneurs.
Especially emerging markets have potential for utilizing
social media and mobile services, as the adoption of
mobile services such as mobile banking has been very
rapid. We co-designed an instant, mobile advertising tool
for small entrepreneurs in collaboration with advertising
experts. The case study with 66 small companies and
customers shows, that small enterprises acknowledged
social media as a useful domain in their future sales
promotion activities and some of the enterprises had
already utilized social media in their business. The best
features of the instant advertisement tool were
advertising in real-time and in communicative way. Also,
for the small and medium size companies' instant
advertising is a cost-effective way to announce about
their products and services extensively. However, small
and medium sized entrepreneurs emphasized also possible
questions and problems related to an active usage of
social media such as lack of time for engagement with
customers and the possibility to receive unwanted bad
reputation because of intended criticism and false
comments. From customer side negative criticism or
inappropriate comments were not considered as a
remarkable problem. Customers perceived a trend towards
omni-channel retail platforms positively as ideally
meeting the customers' integrated experience: need for
shopping, entertainment and social interactions any time
anywhere with their smart phones. At the global level, a
number of actions can be considered to help to increase
use of social media and mobile advertising services for
small and medium sized companies to gain more customers
and find international markets.
Original language | English |
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Journal | Business and Management Review |
Volume | 6 |
Issue number | 3 |
Publication status | Published - 2015 |
MoE publication type | A1 Journal article-refereed |
Keywords
- mobile internet
- SMEs
- social media
- omni-retail