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May 2009, Manifesto #7: The delicate art of balancing commercial imperative and user experienceVideosPresentations Priya Prakash on Manifesto 7, Day 1 - The delicate art of balancing commercial imperative and user experience Speakers
We believe...mobile advertising is not the only way to monetise applications and services. A more sustainable revenue source can be found by identifying where and how customers perceive value, focusing on user experience and creating a revenue model which reflects the reality of user behaviour. Tags Advertising; Monetisation; Revenue; Funnels; Virtual currency; Premium features; Business models The story It seems virtually every new mobile application or service which comes to market is relying on advertising revenue to fund its business model. While advertising will offer an important new source of revenue for some, it will be centred on a limited number of discovery mechanisms which help users shortcut to the information, services and offers important to them. Smart companies are waking up to new revenue opportunities by focusing on user experience, identifying the features which provide genuine value to customers and simplifying the process by which they can pay for them directly. The mobile application business models of the future will strike a delicate balance between free features to capture user attention, premium upgrades and rewards for user loyalty. The inherently personal nature of mobile devices makes them ideal tools for new payment mechanisms like virtual currency, barter and micro-transactions. To get you thinking...
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Marek Pawlowski t: +44 7767 622957 e: mp@pmn.co.uk tw: @marekpawlowski tw#: #mex10 |