Regression analysis: Simple Linear Regression Multiple Linear Regression
The 7 pillars of mobile commerce
1. The 7 Pillars of Mobile Commerce NitzanShaerManaging Partner, High Start Group @nitzans VLABBeyond Bricks and Clicks:Smart Phone and Smart Shopping JUNE 21, 2011
2. 1 Technology is merging the online, offline and mobile experiences
3. 2 Customer behavior is changing “6.5M US consumers access mobile retail content 3 or more times per month” “U.S. mobile commerce to reach $31 billion by 2016 “Time spent on mobile apps has surpassed web browsing ” “29% of mobile phone users made at least one purchase on their mobile phone in 2010, 2X the number in 2009” “41% of smartphone users have made a mobile purchase” “Foursquare hits 10M users” “24% of Americans currently shopping on their mobile phone” “Mobile commerce sales expected to reach $6 billion this year ”
4. 3 Cross Sell Know Buy Upsell Repeat Refer Try Customer Lifecycle New business opportunities are emerging across the purchase cycle
5. 4 The gold rush is ON! “Time spent on mobile apps has surpassed web browsing ” “Mobile commerce sales expected to reach $6 billion this year ” “41% of smartphone users have made a mobile purchase ” “24% of Americans currently shopping on their mobile phone ” “Foursquare hits 10M users” “6.5M US consumers access mobile retail content 3 or more times per month ” “U.S. mobile commerce to reach $31 billion by 2016 ” “29% of mobile phone users made at least one purchase on their mobile phone in 2010, 2X the number in 2009 (”
6. “Time spent on mobile apps has surpassed web browsing ” “Mobile commerce sales expected to reach $6 billion this year ” “41% of smartphone users have made a mobile purchase ” “24% of Americans currently shopping on their mobile phone ” “Foursquare hits 10M users” “6.5M US consumers access mobile retail content 3 or more times per month ” “U.S. mobile commerce to reach $31 billion by 2016 ” 5 “29% of mobile phone users made at least one purchase on their mobile phone in 2010, 2X the number in 2009 (” New ecosystems created
7. 6 Traditional relationships are changing Old School New School Supplier Raw Materials Manufacturer Identify source of coffee beans Scan code Get deal Distributor Pay for coffee Customer Consumer
Data point soup of all the crazy stats coming out now
Emerging of the multi channel opportunity – across the life cycle of purchase – need, awareness, engagement, transaction, loyalty
Gold rush analogy.Everyone is rushing to get in the mobile commerce game, which creates a virtuous cycle:Excitement about the space > business investment in new apps / technology > customer interest > adoption > even more investment in the spaceMaybe some stats about the explosion in investment in mobile apps and commerce?
San Francisco, 1850: gold brought people, who need places to sleep, food to eat, things to wear, places to put their money … all of this created a full and vibrant ecosystemMobile commerce, 2011: ecosystem today – devices, networks, retailers, advertisers, etc. Technology has enabled a huge influx of ecosystem players into the system
Mobile shifts power to consumers, who now can interact with all areas of the value chain, from identifying the source of raw materials to make sure things are green & socially conscious to distribution, with the ability to disintermediate traditional supply chains