Marketplaces 2010: Small-Business Marketplaces

Marketplaces2010

“What’s missing from online markets that offline markets have?” Jim Delli Santi from AlikeList sees that online markets need to develop better relationships, utility, transparency and establish ROI. Word of mouth drives trade. Consumers want to find the right business to address their need fast. Small businesses want transparency, trust and measurable ROI.

Ethan Anderson, Redbeacon, talked about “the pain and the promise” in fulfilling a need for local service. Consumers want the right person for the right job; someone who gets the job done right; and the ability to compare prices and online scheduling. It’s great to get advice from people you trust, both professionals and friends. Adding that social element adds a lot of value. Partnering with trusted communities, such as BigTent is a great way to extend trusted reach.

Sean Fox, Reply.com, dealt with problems in local online targeting. Targeting can be complicated, imprecise and expensive. The “enhanced click” combining intent with geography is a solution. For example, looking for auto insurance on a Web site can bring up a dialog box probing for a ZIP code and asking whether the user is currently insured; this creates an enhanced click that goes into a marketplace as a qualified lead. This launches a real-time auction. Advertisers purchase different kinds of inventory to get access to this marketplace. “Abandonment rates” for people refusing to fill out the lead forms necessary to create enhanced clicks are dealt with by still providing links to consumers.

Rick Ducey

Rick Ducey is the managing director for BIA/Kelsey. He is an expert in digital media innovations, competitive strategies, new product development and new business models, including digital ecosystem collaboration strategies. Ducey oversees the firm's consulting, research and advisory services areas. He is also the program director for BIA/Kelsey's Video Local Media advisory service. This program provides coverage and analysis of how online, mobile and broadcast video technologies, competition, shifting consumer demographics and media usage trends are driving changes in the media ecosystem and SMBs and other advertisers can be successful in the new environment. Ducey assists clients with their business planning and revenue models, strategic research, market assessment, and designing and implementing digital strategies. He is also a cofounder of SpectraRep, one of BIA�s companies, which sells a patent-pending IP-based alerting system that he co-invented. Prior to joining BIA in 2000, Ducey was senior vice president of NAB's Research and Information Group. In this position, he was in charge of the association�s new technology assessment, audience and policy research, strategic planning and information systems, including all Internet operations, and he also developed publications and seminars. Before joining NAB in 1983, Ducey was a faculty member in the Department of Telecommunication at Michigan State University where he taught and did research in the areas of emerging telecommunication technologies and strategic market research. He also served on the graduate management faculties of George Mason University and George Washington University in telecommunications management and the University of Maryland, where he taught strategic market management and research methodologies. Ducey was selected as the Spring 2011 Shapiro Fellow at George Washington University where he teaches entrepreneurship in new media. He has published a number of research articles and papers in these areas and serves on editorial boards of leading scholarly journals in the communications field. He has also worked at radio stations WSOQ-AM/WEZG-FM and Upstate Cablevision in North Syracuse, New York. Ducey received his Ph.D. from Michigan State University, M.S. from Syracuse University and B.A. from the University of Massachusetts at Amherst.

This Post Has One Comment

  1. James Delli Santi

    Our new company was very pleased with this Kelsey conference focused on Verticals, Marketplaces and Mobile Local. The key business trends that surfaced in the panel discussions and keynotes brought our new social-local team up to speed quickly while gleaning extremely valuable market insights that we have been discussing with colleagues since we left. This conference has also been valuable for initiating new potential partnerships and meeting many of our industry’s thought leaders.

    Without question we will be planning to participate in future Kelsey Conferences. As I learned before in prior roles at other local online companies, BIA Kelsey conferences are absolutely essential if you are going to be considered seriously in this exciting industry. After 15 years the time for serious investment in local has come. We could not be more excited to be a part of it.

    The Kelsey Group and their conferences are critical to compete. To meet the people we don’t know, that we should know and to understand the strategies that lead to success. The lessons learned will save us endless time and money, and we completely endorse Kelsey Conferences as the place to be, if you want to be in local.

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