5. local businesses are able to
have a wider range of
market reach
supports the current
“smartphone era”
consumers and business
owners are more connected
to each other
form of mobile marketing
on-the-go information
6.
businesses are able to connect
with prospective clients and
current clients through social
media networks, thus faster
communication
with the help of geolocation,
customers are able to expand the
market reach of their favorite local
business/store
room for flexibility for promotion
7.
small “mom-and-pop” business
are not aware of So-Lo-Mo
faster transfer of information
regarding local businesses and
events within the vicinity of the
smartphone user
reliance on mobile networking
loss of traditional advertising
8.
increase of social-mobile ad revenues
emergence of more applications of local
businesses
expansive mobile marketing campaign
traditional advertising methods will be
wiped out
consumer behavior knowledge will be 100%
accurate
mobile security will probably disappear
barriers to entry for businesses will be
broken
credit cards, train cards, etc will be
eliminated