According to a study published by Juniper Research, Beacon-powered coupon- and rewards programs proof to work. What may not come as a surprise to the mobile people among us has now a scientific foundation, based for instance on an 8% increase in the sales of Chicken sandwiches at McDonalds using in store beacons instead of the more traditional coupon activities they have – while I always asked myself how they measure those due to a lack of tracking. An article published by the Mobile Commerce Daily (which you can read here in full length) suggests redemption rates of 60% at a Chinese Retailer, which I would find pretty ground-breaking and leading to the question: how on earth did they do that? I would think they probably have beacons all over so the consumer has no choice but to redeem something, just to get rid of it? A question also raised in the article: how much pressure is good for beacon based advertising in stores? Two per visit per customer is suggested. I would turn notifications off by then. But perhaps thats just me.
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We all may have suspected that much: CFOs want to keep the funds together, CEOs want to grow their businesses. This struggle between the most important roles in a company may turn out to be a hindrance in growing a business – says Accenture: „The link between cost cuts and growth strategy is broken“. A common theme apparently, they suggest. The study this bases upon is a most interesting read and even the „at a glance“-summary is eye opening. I suggest you take a look.
