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three unspoken truths of HyperLocal Media

The three unspoken truths of hyper local media

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Page 1: The three unspoken truths of  hyper local  media

three

unspoken

truths of

HyperLocal

Media

Page 2: The three unspoken truths of  hyper local  media

CONSUMERs

| Awareness | Experience | Demand

Page 3: The three unspoken truths of  hyper local  media

CO

NS

UM

ER Chicken & Egg: No

compelling event/ experience is driving consumer/retailer adoption. • Hyperlocal niche is stuck in

neutral

• There’s more intrigue around Instagram & Local Search

• Pokemon Go is the first location app to grab consumer attention

Page 4: The three unspoken truths of  hyper local  media

CO

NS

UM

ER Hyperlocal is

one habit too far for the average social consumer • Consumers are still busy

digesting Facebook as first course - It’s just too soon.

• When the time is right Facebook et al will likely be ready to defend & win local

Page 5: The three unspoken truths of  hyper local  media

CO

NS

UM

ER Groupon, Uber

& Amazon • Before Pokemon Go, Groupon

was the last exciting thing to happen in hyperlocal, but it didn't serve the retailer.

• Uber is local, but extracts value/profits from the local economy [think “big box” delivery platform]

• Amazon Prime is reducing the need for people to shop local.

Page 6: The three unspoken truths of  hyper local  media

CO

NS

UM

ER Fear,

uncertainly & doubt have sent Hyperlocal to the doldrums. • Privacy, Hacking &

Surveillance (Sony, Snowden, Ashley Madison)

Page 7: The three unspoken truths of  hyper local  media

CO

NS

UM

ER

Mobile Payment & Smart Watch adoption is minimal.

• No commercial incentive is driving the hyperlocal growth.

Page 8: The three unspoken truths of  hyper local  media

Retailers are overwhelmed with choice

Retailers

Page 9: The three unspoken truths of  hyper local  media

Re

ta

il

er

Retailers are still getting used to social media.

Page 10: The three unspoken truths of  hyper local  media

Re

ta

il

er What’s next?

Fragmented Priorities: • Ad Buying • Automation/

ReMarketing • Loyalty/Beacons • Digital Signage

Page 11: The three unspoken truths of  hyper local  media

Re

ta

il

er The real

HyperLocal Platform battles have yet to begin • Many have tried & failed

so far including Patch, EveryBlock, Backfence, & Placeblogger

• Many now look/feel old: Craig’s list, Yelp

Page 12: The three unspoken truths of  hyper local  media

Re

ta

il

er Big Box / Local

Retailer Gap • Big box: got skills,

but lack truly local content/passion

• Local Niche Retailers: unique content/passion - lack people/knowhow

Page 13: The three unspoken truths of  hyper local  media

Re

ta

il

er

Lack of a compelling cross-vendor [unified] “consumer experience” • Requires many small venues to

create a compelling consumer experience.

• Mass adoption by niche vendors is a long way off [Proof of value lies with big box in interim]

Page 14: The three unspoken truths of  hyper local  media

| Fragmentation | Adoption | Integration

Technology

Page 15: The three unspoken truths of  hyper local  media

Te

ch

no

lo

gy Mobile

Strategies: Diffusion: Low Fragmentation:High

• No retailer/brand leadership. Lack of big wins is slowing consumers/retail adoption.

• Mobile/platform fragmentation is big source of confusion:

• OS/Phones/Apps vs Web

Page 16: The three unspoken truths of  hyper local  media

Te

ch

no

lo

gy

Online/Offline integration is the big hurdle • Physical Delivery vs

Digital Delivery are two distinct problems.

• When friction is removed magic will happen.

Page 17: The three unspoken truths of  hyper local  media

Te

ch

no

lo

gy Platform

Winners May Never Emerge

• Incumbents will ignore/copy/acquire/blur/deny

• FaceBook/Google,Twitter, Yelp, AirBnb, Etsy, Instagram etc

• Contenders will likely emerge in remote markets: China, India

Page 18: The three unspoken truths of  hyper local  media

Te

ch

no

lo

gy Hyperlocal is

still a big ticket item for retailers

• Geo-Fencing • Loyalty

Programs • Push

Messaging

Page 19: The three unspoken truths of  hyper local  media

Te

ch

no

lo

gy

Mobile Armageddon Happened, Now What?

• Customer acquisition & the awareness of moments is low

• Mobile Payment & moment tracking is in infancy.

• Experiment Mode: (4SQ, Groupon, Starbucks, Stripe)

Page 20: The three unspoken truths of  hyper local  media

AV

I L

AM

BE

RT

• @AviLambert is the founder & CEO of Photonic PR, a marketing and business development firm.

• His agency offers local marketing and specializes in the design, development and management of local business models for enterprises and small and medium businesses.

• Thought leadership and writing in the space around marketing and public relations has led to a deep understanding and fascination with local marketing technologies, including NFC, Bluetooth, and RFID.

• Successful projects have repositioned established businesses to scale with geo-local initiatives.

• @nickkellet is a tech entrepreneur with longstanding fascination for hyperlocal.

• His BI Segmentation startup sold to BOBJ in ’99 (now SAP).

• Nick’s board game sold 90k copies , winning many awards including a Spiel des Jahres prize.

• As co-founder of Listly he has a deep understanding of paid, owned, earned & shared media.

• He’s currently exploring a fresh take on hyperlocal.N

IC

K K

EL

LE

T