Close X

Leave a comment


Name:
Email:
Comment:
  I have read and understand the terms and conditions
 

Please click the post button only once - your comment will not be published immediately

FEATURED CONTENT

Cisco Customer Kings Cisco Customer Kings

Real Business and Cisco are looking for entrepreneurial firms that provide the very best in customer engagement.
Click here to enter your firm.

  • hot
  • hot

Mobile marketing

by Melissa Hancock - Tuesday, 4th September 2007 -

Mobile marketing

82ASK, the first mobile text-and-answer service to launch in the UK, recently re-branded as “Texperts” as part of a £1m marketing campaign.

“We found that the alphanumerics of the 82ASK short code didn’t really compute that well in the UK – about 40 per cent of people didn’t realise that the number to text was also the name,” explains CEO Sarah McVittie.

The Texperts service allows users to text a question to its team of research experts – “texperts” – who then text an answer back within five minutes at a cost of £1 for each answer.

McVittie says the decision to change the company’s name was also prompted by their research, which made it clear that “the human element” to their service was what was really important to their customers.

The name change better reflects this and distinguishes Texperts from other mobile search companies, which are largely automated services comprising a bunch of algorithms. “These tend to be viewed as novelty, gimmick services,” says McVittie.

The company recently raised more than £1.3m in funding from several private and institutional investors, a substantial part of which came from the hedge fund group Odey Asset Management through its Odey European Fund.

This funding is largely the source of the £1m marketing budget – a considerable hike for a company that has spent a mere £200,000 on marketing since it was founded in August 2003.

“We weren’t prepared to do any marketing until we had got to a certain stage: we had to know that the business made money, and we also had to know who our customers were and how we could make it the most useful service possible,” says McVittie.

“We got to that stage at the end of last year, which is when we decided we wanted to raise money with a view to marketing ourselves more aggressively.”

According to McVittie, a lot of the funds raised will also be spent on R&D and technical development. Texperts plans to roll out a considerable amount of technology over the next six months, enabling them to handle a greater volume of text questions.

BUSINESS NEWS >>

"Sage is no match for Kashflow!"

By Rebecca Burn-Callander - December 01, 2008 10:46am GMT

The giant accounting firm has just launched a rival to Kashflow's web-based software. But founder Duane Jackson isn't breaking a sweat.

Theo to save Woolworths?

By Matthew Rock - December 01, 2008 8:26am GMT

Yeah, yeah, Dragons' Den, TV celebrity and all that. When it comes to retail, few match him. Could Paphitis be the man to save the runt of the high street?

Woolies: a “wolf in sheep’s clothing”

By Kate Pritchard - November 28, 2008 12:31pm GMT

The high profile collapse of Woolies and MFI comes as a stark warning to entrepreneurs who trade with big companies.

Growing Business Awards: 2008

By Catherine Woods - November 28, 2008 11:03am GMT

Thunderhead chief executive Glen Manchester, LK Bennett founder Linda Bennett and TrafficBroker boss Neil Hutchinson picked up the top individual gongs at the Real Business/CBI Growing Business Awards.

Mumbai attacks: "It will be a tough 2009 for our Indian counterparts."

By Catherine Woods - November 27, 2008 3:45pm GMT

Aftershock founder Hiro Harjani says 2009 is going to be tough for India in the wake of the terrorist attacks in Mumbai and the ongoing liquidity crisis.


BUSINESS COMMENT >>

Don't be a twit. Be a Twitter

By Rebecca Burn-Callander - December 01, 2008 1:01pm GMT

So, you've cracked Facebook. You've got a Myspace page. Your LinkedIn recommendations are flooding in and you can't get enough of Second Life. But could you be missing a trick?

Laughter is the best medicine

By Rebecca Burn-Callander - November 28, 2008 3:00pm GMT

Get your weekly dose of health-giving giggles right here, every Friday afternoon.

Growing Business Awards: Entrepreneur of the Year

By Catherine Woods - November 27, 2008 10:59pm GMT

It’s time for the final award of the night: Entrepreneur of the Year!

Growing Business Awards: Company of the Year

By - November 27, 2008 10:52pm GMT

Time for Company of the Year. Go crazy for…

Growing Business Awards: Young Entrepreneur

By Catherine Woods - November 27, 2008 10:47pm GMT

Great speech from Theo Paphitis before he hands out this award; he recounts an event from a couple of weeks ago when he went to see a dear friend (and great entrepreneur) who was dying.


Click here to sign up for the Real Business newsletter

In association with
Real Business Front Cover