News and Analysis
In Fitness Industry, Vertical Platforms Cater to Specialized Operations
Online appointment booking platforms are a dime a dozen, used by businesses in a huge range of industries. But among fitness businesses, specifically, general use booking platforms aren’t very common. That’s because fitness businesses are more likely to use vertical-specific tools designed to meet the needs of specialized operations.
Perhaps more so than any other industry, health and wellness has shown a great desire for verticalized technology solutions. Although verticalization isn’t limited to the health and wellness industry, fitness studios and related businesses are much more likely to use technology platforms designed specifically for their industry.
Uber, Lyft, DoorDash Fight Gig Economy Law in California
Ride-hailing giants Uber and Lyft are teaming up with restaurant delivery service DoorDash to fight California’s AB 5, a law that would force gig-economy companies that survive on contractor labor to register their drivers (or dashers) as employees and offer them benefits, Vox reported.
The coalition, the Protect App-Based Drivers and Services campaign, is attempting to place a referendum on the 2020 California ballot that would give voters the choice to exempt ride-sharing services from the law. That would presumably include DoorDash, which is not a ride-hailing service but essentially iterated Uber’s business model, employing drivers to escort food instead of passengers from A to B on demand.
The Vertical Approach to Grocery Marketing
More than just a niche market inside the retail vertical, grocery marketing has grown to become an industry unto itself. According to eMarketer, grocery is the “least penetrated but fastest-growing category” in e-commerce. Explosive growth, fueled in part by the rising popularity of online grocers and on-demand delivery services, like Instacart, that deliver goods from brick-and-mortar stores, is behind the prediction that the grocery retail market will reach $12.24 trillion globally by 2020.
CPG brands and supermarket chains have been quick to adopt vertical-specific marketing platforms and tools. Although there are plenty of local retail marketing solutions that could be adaptable to the grocery industry, the supermarket itself is a unique environment and that makes verticalized solutions even more desirable in this arena.
Commentary
The Shift in B2SMB: It’s All About Platforms
Major changes are coming to SMB marketing as the market shifts away from media towards cloud-based services, artificial intelligence, marketing automation and location marketing. This cluster of tech movements represent real opportunities to help SMBs target and engage customers, and become more efficient.
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