News and Analysis
#SFSNYC: GroundTruth Turns On-the-Ground Data Into IRL Transactions
When consumers visit physical stores, the likelihood that they will complete a purchase shoots up, especially in comparison to the likelihood they will make a purchase after visiting a digital site. “Visits lead to sales,” was the message of Hongzhe Sun of GroundTruth, one of the sponsors of Street Fight Summit in New York Wednesday.
#SFSNYC: May AI Help You? The Marketing Opportunities in Intelligent Search
Artificial intelligence is the future of search engines. Increasingly conversational, intelligent, and visual, search engines are adapting to become the centerpiece of consumer engagement, as well as a virtually new tool for marketers. Purna Virji, senior manager for global engagement at Microsoft/Bing, broke down the AI revolution in search at Street Fight Summit Wednesday.
#SFSNYC: Investors on Billion-Dollar Opportunities in Local and Where to Find Them
Long before startups become the “next big thing” the masses talk about, investors have an opportunity to use their wallets to weigh in on the prospects for those emerging companies. At Street Fight Summit Wednesday in New York, investors pointed to voice, VR and AR, and influencers as some hot topics in local investing right now.
Commentary
Customization Failure: Why Hyperlocal Hasn’t Scaled (Yet)
Most customization that attempts to deliver hyperlocal, or even just local results, falls short. The problem is that they (and we) don’t have much more or better local content and advertising to output than we did in the days before social media and smartphones. A tool is built to operate on a national scale, but the landscape of finding the local information is messy and chaotic, lacking structured data, or consistent geographic coverage…
Local Media Companies Need to Evolve — And Do It Fast
Local media’s traditional big-man-on-campus chest-thumping doesn’t mean the same thing in digital that it does in the analog world. In fact, it’s downright laughable. So what do we do when we hit the wall, when we regularly miss revenue targets, when long term projections keep slipping more and more? So what do we do when we keep hiring more ad reps, only to discover that our revenue-per-rep begins to fall, when the evidence is undeniable that we’ve hit that wall? Here are five recommendations.
Why SMB Marketing Services Won’t Save Newspapers’ Bottom Line
Most newspapers aren’t building new and innovative tools to provide SMB services. Instead they are white labeling offerings from other providers or are connecting their audiences to an existing service. Over time, SMB tools are going to become a commodity. When someone who is still in high school can offer exactly what you are offering, you’re in trouble. With the high cost structures and overhead that newspapers have, being in a commodity business (where margins get pushed lower and lower) won’t prove lucrative in the end…
Latest Posts
Street Fight Daily: Foursquare’s New App, Facebook Ads Costlier for SMBs
A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Can Foursquare Crack Local Search? (New York Times)… Facebook Ads Become ‘Costlier’ Choice for Small Businesses (Wall Street Journal)… Yelp Lied About Review Policies to Inflate Stock Price, Lawsuit Claims (GigaOm)…
Hyperlocal Companies Among 500 Startups’ Latest Batch
Silicon Valley seed fund 500 Startups has announced a new round of startups it will be helping navigate through the tough road to sustainable profitability — and they include a number of brand new companies in local commerce, marketing, and tech. Here are a few interesting hyperlocally focused companies from the latest batch…
5 Pet Sitting Marketplaces in the ‘Sharing Economy’
Americans spent more than $55 billion on their pets in 2013, and a number of hyperlocal startups are looking to capture that puppy fever by creating local marketplaces where pet owners are matched up with people who are willing to take care of their pups while they’re out of town. Here are five hyperlocal pet sitting marketplaces getting in on the action…
Street Fight Daily: Shoppers Flee Stores, Gannett Splits Digital Business
A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Shoppers Are Fleeing Physical Stores (Wall Street Journal)… Gannett To Split Print and Broadcast/Digital Divisions (New York Times)… Facebook’s New Video Ads Aren’t Ready for Small Businesses — Yet (Recode)…
As Losses Widen, Groupon Struggles to Redefine Itself
Groupon said Tuesday that losses widened in the second quarter as marketing and sales costs jumped but gross profit remained flat. The culprit, a far less profitable ecommerce business than anticipated, accounted for every dollar of the company’s top-line growth as it struggles to find new footing for its sluggish local deals business…
How the Former CEO of Digg Plans to Win in Local
Earlier this year, Matt Williams, the former CEO of Digg and an Amazon vet, hooked up with a few other former Amazonians to found Pro.com, a local services marketplace that raised $3.5 million from investors that include their former boss Jeff Bezos. Street Fight caught up with him recently to talk about what local can learn from the early days of ecommerce…
Street Fight Daily: Gannett to Buy Rest of Cars.com, Square Adds Food Delivery
A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Gannett Said Near Deal to Buy Rest of Cars.com for $1.8 Billion (New York Times)… As Competitors Close In, Square Moves Beyond the Credit Card (Wired)… Picking Through Google’s Pigeon Droppings (SearchEngineLand)…
Mobile Local Apps: To Bundle or Not to Bundle
Facebook last week made the contentious move to force its iPhone and Android app users to “fast switch” to the Messenger app for all future messaging. The outcome will be worth watching for anyone developing mobile apps. Local media players are increasingly faced with decisions about app functionality. That includes whether to unbundle features to specialized apps (think gas prices), or to federate within one…
From Ad Biz to Hyperlocal: Duo Takes Flyer in Fayetteville, Profitably
Today’s digital community news publisher-editors are increasingly likely not to have had experience working for traditional journalism outlets. But that hasn’t prevented them from making their mark — even when they’re competing against platforms that have strong print resources. That’s the case for Todd Gill and Dustin Bartholomew, co-founders of the seven-year-old independent Fayetteville (Ark.) Flyer. In this Q & A, Gill tells how he and Bartholomew achieved success in a market with a major print and digital daily newspaper…
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