Rewarding the right behaviour in a mobile world

Post on 27-May-2015

254 views 0 download

Tags:

description

Rewarding the right behaviour in a mobile world by Chris Rolfe CEO Mobiitrix at Net Prophet 2012@mobilitrix #mobilerewards

Transcript of Rewarding the right behaviour in a mobile world

@mobilitrix ♯mobilerewards

Rewarding the Right Behaviour in a Mobile

World

By Chris Rolfe

@ mobilitrix♯mobilerewards

@mobilitrix ♯mobilerewards

The Mind of the Consumer

@mobilitrix ♯mobilerewards

Areas of Application

Consumer Pharmaceutical NGO

@mobilitrix ♯mobilerewards

Why Rewards Impact Behaviour

Reward - a positive stimulus that can be presented in the process of

reinforcing behaviour

“Resources are scare. People respond to incentives”

Prof. Steven Landsburg

@mobilitrix ♯mobilerewards

@mobilitrix ♯mobilerewards

Measurement: 3 Key Terms:

Return on Investment (ROI)

Customer Acquisition Cost (CAC)

Average Customer Acquisition Cost (Av.CAC)

@mobilitrix ♯mobilerewards

3 Constraints an Analogue World

@mobilitrix ♯mobilerewards

3 Enablers in a Mobile World

6bn Mobile Phones Data Analytics

Connected POS

@mobilitrix ♯mobilerewards

Types of Rewards

Type Definition

Financial Typically cash

Product Coupons &vouchers

Utility Airtime, e-currency, electricity

Recognition Awards, plaques, clubs

Other Gifts, holidays, experiences

@mobilitrix ♯mobilerewards

Experience a live demo!

SMS NP to 33009

@mobilitrix ♯mobilerewards

Way Forward