Street Fight Daily: 06.09.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups… One Patch salesperson – candidly self-described as a “disgruntled employee” — said that”people in the sales teams that are successful have to sell the product to an ignorant lot of small business owners that can’t differentiate between branding and performance-driving results. When it gets down to paying the editors, paying the sales staff, paying the management and the requisite expenses that go along with that, the numbers just do not compute.” (Business Insider)… A new forecast from eMarketer puts online ad spending at $31.3 billion this year, up 20 percent. That is double the 10.5 percent growth rate it put out last December for 2011. The new forecast shows online ad spending reaching nearly $50 billion in 2015. (TechCrunch)…
Eversave’s Doyle: Creating Deals That Aren’t ‘One-and-Done’
Eversave, the third-largest online daily deals company in the U.S. (behind Groupon and LivingSocial), can trace its online deals business back over a decade, when its parent, Prospectiv, launched a service offering printable online coupons. The company’s daily deals service, which launched last year, runs offers in 17 different cities around the country, mixing local-specific deals with discounts on larger national brands aimed specifically at women…
Street Fight Daily: 06.08.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.… Foursquare has teamed with 7-11 to offer a trip to suborbital space as a prize in an online contest. While the US spaceflight program is getting its budget shut down, there’s something rather poetic about this opportunity. (ReadWriteWeb)…
A study of U.K. salon owners found that only 1% of Groupon buyers go on to become regular customers. Moreover, Groupon’s churn rate could be as high as 90%. (Dylan Collins)…
Street Fight Daily: 06.07.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups… Groupon is joining two marketing-services and analytics firms to get deeper into the traditional grocery coupon business with a test today. In a first for Groupon, today’s deal in Massachusetts uses supermarket loyalty cards to conduct the transaction. (AdAge)…
“Augmented reality” apps put a layer of locally relevant data on top of the scene around you. But who owns the rights to ad space within augmented reality platforms? Currently there’s nothing keeping multiple brands from owning the same space. (Mashable)…
B-Town Blog’s Schaefer: Hyperlocal Means Being ‘On the Ground’
Scott Schaefer is the founder, publisher and editor of B-Town Blog, in Burien, Wash., which was named the best hyperlocal news Web site by the Society of Professional Journalists Pacific Northwest Chapter. B-Town Blog, one of six hyperlocal content sites operated by Schaefer’s LOL Dudez, aims to “report news from a ‘location-based’ perspective.” Schaefer recently spoke to Street Fight about how that “location-based” principle guides everything the site does.
Street Fight Daily: 06.06.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups… 
If Groupon slams the brakes on marketing costs, the value of hyperlocal online inventory will fall after a recent surge in demand, writes Jeff Bercovici. On the other hand, if Groupon is wrong and it has to keep spending to attract customers the way it is now, then it will likely never be profitable and those ad dollars will go away anyway. (Forbes)… Since Groupon filed its S-1 on Thursday, there have been hundreds of negative articles written about Groupon. While some of the concerns brought up about Groupon are legitimate, many of them are unfounded, writes Vinicius Vacanti. (Yipit Blog)…
Main Street’s Need for Speed
The single-best deal, assertion, investment or other strategy this week.
Who: Main Street Connect
Why: For its plan to scale up to 6,000 hyperlocal sites across the country in a few short years
Advertisers typically want to reach more than a single town. If independent community news site proprietors are making good dough, why aren’t they propagating, sharing their news prowess with neighbor towns? That’s what we’ll be doing with our profits — reinvest, reinvest, reinvest, so our products and processes get more and more excellent.. — Carll Tucker, Main Street Connect CEO…
Street Fight Daily: 06.03.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups…
In its long awaited S-1, it’s clear that Groupon has impressive topline growth. However, when looking at it’s oldest markets, it appears that their business model is deteriorating. (Yipit Blog)…
Several more perspectives on the Groupon IPO: a Twitter debate over the company’s doomed-ness, a look at who owns what stake in the company, a warning to investors by Andrew Mason, and some red flags for potential investors. (GigaOm, TechCrunch, PaidContent, Business Insider)…
How Not to Be Yelp: Foodspotting
I spent the last column questioning the veracity of Yelp reviews and doubting the future of user-generated content (UGC) on that most trafficked of UGC sites. In fact, I was probably so harsh that it may have seemed like I hate UGC entirely. I don’t. I just hate UGC that is easily gamed and encourages the worst aspects of human nature – fawning frippery or obnoxious snarkiness. Further, a hyper-local reviews site that allows anyone to post a review, even from the comfort of their body-shop cube in Bangalore, makes it hard to trust the information proffered…
Groupon to Go Public — And Then Where?
The point of the company that eventually became Groupon was initially to inspire group action around a political or social cause. It was called ThePoint.
The point of Groupon… well, that may yet to be determined. The company, which filed an S-1 today with the Securities & Exchange Commission for a $750 million initial public offering, is known as a group-buying firm offering deep discounts on everything from hair removal to horse rides, complete with clever copy in each offer. It has seen a meteoric rise in revenue, earning $644 million in the first quarter of 2011 alone, up from $713.3 million in all of 2010. It has 83 million subscribers across 43 countries. And, as CEO Andrew Mason revealed this week at AllThingsD’s D9 conference, about half of its 8,000 workforce is in sales. Groupon has some serious feet on the streets…
Roost’s DIY Social Media for Small Businesses
As more and more companies vie for marketing dollars from small business owners, many businesses find the growing options confusing. They barely have time to keep up with the demands of online marketing on sites like Facebook and Twitter — and it’s unclear whether it’s best for them to place an ad on a hyperlocal site or offer a daily deal where they lose 75% of the sale…
PBS ‘Local’ — Building From the Bottom Up
Sesame Street and Mister Rogers’ Neighborhood might bear resemblance to an idyllic (or frightening) vision of the hyperlocal ideal — but the network behind these standards of our pop-culture recollections has its own ideas about what it means to be out there on the street. PBS wants to bring culture to the neighborhood; to share among others. To be local while not being hyper. To cooperate.
Street Fight Daily: 06.01.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.… What’s next in the evolution of geolocation? Foursquare’s most attractive qualities — the social game of checking in and the availability of local deals — arguably provide a foundation. But will we need more value if checkins are ever to hit the mainstream? (Mashable)… Google is beginning the roll-out of its Daily Deals service, Google Offers, today. The news that Google is getting into the daily deals space is not a surprise. Google attempted and failed to acquire Groupon for $6 billion last year. Google claims that Offers will take the heavy lifting of marketing off of the business owner, allowing the business to simply focus on the customer. (Mashable, The Next Web)…
Main Street Connect’s Tucker Responds to Criticism
In an interview published two weeks ago, Main Street Connect’s founder Carll Tucker told Street Fight that hyperlocal Web sites need the efficiencies of scale to truly become profitable businesses rather than “passion or hobby” sites. His words clearly touched a nerve, sparking a slew of impassioned comments, as well as reactions on Twitter and elsewhere. Ahead of his network’s Wednesday launch of 32 new sites in Westchester County (N.Y.), Tucker wrote a long comment in response to some of the criticism that was lobbed his way…
Street Fight Daily: 05.31.11
A roundup of today’s big stories in hyperlocal media, technology, advertising and startups.… Groupon is either creating a new approach to commerce that will change the way we eat and shop and interact with the physical world, or it is a sure sign that Internet mania is once again skidding out of control. Or both. (New York Times)… Amazon is entering the daily deal space with myhabit.com, a members only daily deal site focusing on designer clothing. (Daily Deal Media)…
Relocations: 05.27.11
Comings and goings in hyperlocal.
Yatown, a hyperlocal social network, has named Yahoo Search senior vice president Tuoc Luong to its board. … Hyperlocal marketing agency Geomentum had some moves this week: Todd Curry becomes chief digital officer. He was previously founder and managing director of trading desk Accuen Media. Lisa Bradner has been upped to chief client services and growth officer from president. (Bradner spoke recently with Street Fight about the need for scale.) … Former San Diego Union-Tribune executive Matt Chaney has joined Second Street, a provider of white-label daily deals platforms for local companies, as director of affiliate deals success. … In a return to an old position, Michael Sawtell became COO of Local.com, a position he held there from 2000 to 2005, after the departure of Bruce Crair.
Send job announcements to [email protected].
Groupon and Foursquare: A Happy Combo
The single-best deal, assertion, investment or other strategy this week.
Who: Groupon and Foursquare
Why: For considering a partnership that ties check-ins to daily deals
Daily deals leader Groupon and social location innovator Foursquare are in partnership talks, according to multiple sources familiar with the matter. The arrangement is likely to see Groupon deals targeted to Foursquare users’ check-ins. Mobile app users who tell their friends that they’re in the vicinity of a venue offering a discount are obviously prime customers...
Location Obsessives Beware: You May Never Leave Your Screens
For years I’ve been fascinated with digitized maps and the spell they can cast. To see where we’re going, where we’ve been, where we could have gone — to become found when lost and undiscoverable when seeking silence – digital maps lead us to all these things, and away from some. The perfect companion. And since the map interface has jumped from atoms to bits, lighting up pixels of core applications on nearly every device stamped out by innovators of sleek glass and steel to copycats of affordable utility (just about all phones now carry mapping apps), almost everyone can play along…