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Mobile Marketing and Real Estate? Why Now.

By
Services for Real Estate Pros with Goomzee Corporation

I've been doing some research on statistics for mobile marketing this past year, and I thought I would share my results for those of you interested.  It seems that more and more buyers are falling into the age categories of text message users. 

November 2007 made headlines in the mobile industry as the total number of US subscribers reached 250 million. Just five years ago, 2002 marked a total of 140.7 million subscribers.

The Mobile Marketing Association reported that a survey found that 3 in 4 mobile phone subscribers (75%) use some form of text messaging.

Forrester research reported usage of text messaging per age group in December 2006. The results were:

18-24 = 76%

25-34 = 58%

35-44 = 43%

45-54 = 35%

55-64 = 22%

65  +   = 19%

These statistics show a promising future for mobile marketing, as predicted.  The age generation of users is increasing, allowing a broader target reach for businesses while promoting their products via mobile advertising.  The industry has brought in a noteable $2.7 billion for 2007, is expected to double in 2008 and has been forecasted to reach $16.2 billion by 2011, reports eMarketer.com. Other forecasters have predicted anywhere from an $18 billion to $20 billion industry.

“Nothing capitalizes on the capabilities of mobile like retail. Shoppers are mobile. The shopping process is often spontaneous. The mobile phone is always on and always available. The mobile phone is an ideal platform for retailers to capture the moment and provide utility, value and even fun, while driving foot traffic and drive sales.” Mike Baker is VP and head of Nokia Ad Business

Happy Texting :)

Erika 

Brian Rodgers
Brian Rodgers Companies, Realty Executives - Hutchinson, KS
Interesting Erika, great post
Jan 08, 2008 05:24 AM
Jen Hudson
Windermere Real Estate/M2, LLC - Stanwood, WA
Stanwood, Camano & Arlington, WA

Those very numbers are why I upgraded to the iphone and added in a text messaging service.  Email is too slow today, people want information now.

Jan 08, 2008 05:37 AM
Goomzee Corporation
Goomzee Corporation - Missoula, MT
www.goomzee.com

Thanks, Brian!  Glad you enjoyed :)

Jen, you're right, it seems that information is just at the tip of peoples fingers anymore, literally!  Consumers do want information now, if you can't give it to them when they want it, they'll find someone that does!  Thanks for stopping by and keep up the texting!

Jan 08, 2008 06:33 AM
Janet and Samuel Marcus
Daniel Gale Sotheby's International Realty - Manhasset, NY
Licensed Associate Brokers
Very interesting stats.  It just shows the need for us to be on the cutting edge
Jan 08, 2008 06:59 AM
Goomzee Corporation
Goomzee Corporation - Missoula, MT
www.goomzee.com
Thanks, Samuel.  You're right, it's such a benefit to know what your consumers are using to get their information.  Thanks for stopping by!
Jan 09, 2008 01:44 AM
Scott Wall
StoneHouse Realty, Inc - Bristow, VA
Keep up with the latest technology or gadgets or business will be more difficult.  Marketing is all about where your customers are. Good post.
Jan 11, 2008 09:38 AM
Goomzee Corporation
Goomzee Corporation - Missoula, MT
www.goomzee.com
Thanks, Scott!
Mar 12, 2008 11:40 AM
Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239
Real Estate One - Commerce, MI
Michigan homes for sale ~ yesmyrealtor@gmail.com
I don't do much texting, but I am sure I will be doing more in the years to come.
Mar 12, 2008 12:06 PM
Goomzee Corporation
Goomzee Corporation - Missoula, MT
www.goomzee.com
Russ, I bet you will too!  It's inevitable, and you never know, it may be sooner than you think! Get those fingers warmed up!
Mar 13, 2008 03:12 AM
Christine McInerney
Great Life RE - Knoxville, TN
The McInerney Team, Knoxville TN Homes For Sale

I text my clients and fellow Realtors quite often.  It is so much easier to do than actually calling (athough in the case of clients- I do not substitute texts for calling).  I work with a lot of first time home buyers that work long hours and many are in night school.  Often, text messaging is the only real way that they can communicate during the day.

I am also part of a real estate team and we text back and forth all the time during the day to enlist each other's help, keep each other informed, and share information.

Thank goodness for unlimited text messaging packages!

 

Oct 30, 2008 03:11 PM