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	<title>Comments on: LocalPrice Tries to Compare Price for Service Providers</title>
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	<link>http://staging.blog.biakelsey.com/index.php/2009/03/05/localprice-tries-to-compare-price-for-service-providers/</link>
	<description>LOCAL MEDIA WATCH. The Nexus of All Things Local</description>
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		<title>By: Rob Shields: LocalPrice Founder</title>
		<link>http://staging.blog.biakelsey.com/index.php/2009/03/05/localprice-tries-to-compare-price-for-service-providers/comment-page-1/#comment-339304</link>
		<dc:creator><![CDATA[Rob Shields: LocalPrice Founder]]></dc:creator>
		<pubDate>Fri, 06 Mar 2009 15:02:07 +0000</pubDate>
		<guid isPermaLink="false">http://blog.kelseygroup.com/index.php/2009/03/05/localprice-tries-to-compare-price-for-service-providers/#comment-339304</guid>
		<description><![CDATA[I agree with Peter&#8217;s point that consumers shouldn&#8217;t choose service providers based on price alone. However, price does matter to most consumers.  In our opinion, there is far too little transparency into the rates &amp; rate structures of services.  For example, try searching online for the rates of Lasik surgeons, locksmiths or movers in your area.  You&#8217;ll likely find very little detailed pricing information.  You won&#8217;t find any other site comparing the prices of service providers like these.

Steven makes a good point about the number of competitors in this space. There are numerous sites that allow users to compare service providers based on consumer reviews.  But unlike Kudzu, Yelp, YellowPages.com, and other sites offering subjective comparisons, LocalPrice compares providers based on a wide range of objective criteria tailored to each service category. This enables consumers to weigh price against the attributes of the service that matter most, e.g. someone shopping for pest control service may be willing to pay a premium for providers that that cover a wide range of pests, offer Saturday service and have fully insured employees providing the service.  This is unique to LocalPrice.

The question of whether this a &#8216;feature&#8217; or a &#8216;business&#8217; is probably only meaningful to a handful of product managers in the industry. What really matters is whether consumers find the information useful.  

To Steven&#039;s point about competitors copying our model, sure, this is possible over some period of time - probably longer than a day.  Even so, would they?  How will their advertisers with great reviews but high prices react?  How happy are such advertisers going to be to choose between a) not listing their prices and loosing business to those that do and b) listing their prices and loosing business?

Lastly, Thanks for covering LocalPrice. Peter.  Exposure you give to startups like us help spread ideas and furthers innovation in the industry.]]></description>
		<content:encoded><![CDATA[<p>I agree with Peter&#8217;s point that consumers shouldn&#8217;t choose service providers based on price alone. However, price does matter to most consumers.  In our opinion, there is far too little transparency into the rates &amp; rate structures of services.  For example, try searching online for the rates of Lasik surgeons, locksmiths or movers in your area.  You&#8217;ll likely find very little detailed pricing information.  You won&#8217;t find any other site comparing the prices of service providers like these.</p>
<p>Steven makes a good point about the number of competitors in this space. There are numerous sites that allow users to compare service providers based on consumer reviews.  But unlike Kudzu, Yelp, YellowPages.com, and other sites offering subjective comparisons, LocalPrice compares providers based on a wide range of objective criteria tailored to each service category. This enables consumers to weigh price against the attributes of the service that matter most, e.g. someone shopping for pest control service may be willing to pay a premium for providers that that cover a wide range of pests, offer Saturday service and have fully insured employees providing the service.  This is unique to LocalPrice.</p>
<p>The question of whether this a &#8216;feature&#8217; or a &#8216;business&#8217; is probably only meaningful to a handful of product managers in the industry. What really matters is whether consumers find the information useful.  </p>
<p>To Steven&#8217;s point about competitors copying our model, sure, this is possible over some period of time &#8211; probably longer than a day.  Even so, would they?  How will their advertisers with great reviews but high prices react?  How happy are such advertisers going to be to choose between a) not listing their prices and loosing business to those that do and b) listing their prices and loosing business?</p>
<p>Lastly, Thanks for covering LocalPrice. Peter.  Exposure you give to startups like us help spread ideas and furthers innovation in the industry.</p>
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		<title>By: Peter Krasilovsky</title>
		<link>http://staging.blog.biakelsey.com/index.php/2009/03/05/localprice-tries-to-compare-price-for-service-providers/comment-page-1/#comment-339210</link>
		<dc:creator><![CDATA[Peter Krasilovsky]]></dc:creator>
		<pubDate>Fri, 06 Mar 2009 02:25:34 +0000</pubDate>
		<guid isPermaLink="false">http://blog.kelseygroup.com/index.php/2009/03/05/localprice-tries-to-compare-price-for-service-providers/#comment-339210</guid>
		<description><![CDATA[&lt;em&gt;This came in from &quot;Steven&quot;:&lt;/em&gt;

Clever and useful. Still &#8212; sounds more like a feature than a site (let alone a business).

You can add every IYP to their list of competitors. Not to mention Kudzu.com. Atlanta&#8217;s their home market &#8212; and they could probably replicate this in an afternoon.]]></description>
		<content:encoded><![CDATA[<p><em>This came in from &#8220;Steven&#8221;:</em></p>
<p>Clever and useful. Still &#8212; sounds more like a feature than a site (let alone a business).</p>
<p>You can add every IYP to their list of competitors. Not to mention Kudzu.com. Atlanta&#8217;s their home market &#8212; and they could probably replicate this in an afternoon.</p>
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