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	<title>BIA/Kelsey - Local Media Watch &#187; LSA</title>
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		<title>LSA 2013: CityGrid&#8217;s Finger Bets on Vertical Revival</title>
		<link>http://staging.blog.biakelsey.com/index.php/2013/04/17/lsa-2013-citygrids-finger-bets-on-vertical-revival/</link>
		<comments>http://staging.blog.biakelsey.com/index.php/2013/04/17/lsa-2013-citygrids-finger-bets-on-vertical-revival/#comments</comments>
		<pubDate>Wed, 17 Apr 2013 21:12:49 +0000</pubDate>
		<dc:creator><![CDATA[Peter Krasilovsky]]></dc:creator>
				<category><![CDATA[Verticals]]></category>
		<category><![CDATA[Jason Finger]]></category>
		<category><![CDATA[LSA]]></category>

		<guid isPermaLink="false">http://blog.kelseygroup.com/?p=25460</guid>
		<description><![CDATA[<p>Seven years ago, in 2006, we began evangelizing a vision of local media driven by vertical specialties. These would drive high value leads with better, more relevant searches. In this light, Google was seen as a &#8220;perpetual vertical machine,&#8221; driving&#8230;</p>
<p>The post <a rel="nofollow" href="http://staging.blog.biakelsey.com/index.php/2013/04/17/lsa-2013-citygrids-finger-bets-on-vertical-revival/">LSA 2013: CityGrid&#8217;s Finger Bets on Vertical Revival</a> appeared first on <a rel="nofollow" href="http://staging.blog.biakelsey.com">BIA/Kelsey - Local Media Watch</a>.</p>
]]></description>
				<content:encoded><![CDATA[<p><img alt="" src="http://www.localsearchassociation.org/Uploads/Public/Images/Conference2013/Conference_Banner_Tagline_Final.jpg" class="alignnone" width="650" height="291" /></p>
<p>Seven years ago, in 2006, we began evangelizing a vision of local media driven by vertical specialties. These would drive high value leads with better, more relevant searches. In this light, Google was seen as a &#8220;perpetual vertical machine,&#8221; driving every query higher and higher up the food chain.</p>
<p>The vertical revolution never happened &#8212; at least to the extent that we envisioned it. There have been many successful vertical breakouts, but a lot of the vertical vision has been preempted by horizontal media that have incorporated verticalization.  In recent years, many cross-the-board platforms have diminished the need to verticalize.</p>
<p>Going forward, <a href="http://www.citygridmedia.com">CityGrid Media </a>CEO Jason Finger thinks that&#8217;s wrong-headed. Speaking with Greg Sterling at <a href="http://www.localsearchassociation.org/Main/Conference2013.aspx">The Local Search Association</a> meeting in Las Vegas April 16, Finger said the local community has given up too soon on the vertical vision. </p>
<p> &#8220;People are taking a broad approach, but the world is evolving towards specialization,&#8221; says Finger, who had a major vertical success earlier in his career with <a href="http://www.seamless.com">Seamless</a>, the online food ordering company, and <a href="http://www.zocdoc.com">ZocDoc</a>, the doctor scheduling service. Local sites such as CityGrid have fallen into this as well. They have &#8220;tried to be all things to all people,&#8221;  but the key is to &#8220;lean into leads very aggressively.&#8221; </p>
<p>Finger says the next generation of local leads will be ruled by &#8220;connection types&#8221; that &#8220;provide high quality ROI, and then get deeper.&#8221; They might schedule an appointment, manage as a CRM tool,  provide transactional services or rely on call management, he says.  &#8220;Merchants will demand that service providers get more sophisticated and adapt this kind of pricing,&#8221; he suggests.</p>
<p>This means a fundamental shift away from eyeballs to utility.  Tools that provide good utility will prove more sustainable than generalized information, even if they are not the highest traffic drivers.  A third ranked source of traffic might be more important to the sustainability of a site than the number one source.</p>
<p>It also means a shift in sales strategies. The historical approach of being a comprehensive directory required &#8220;a very large sales effort,&#8221; says Finger. Newer efforts may be better off with mid-sized or smaller sales team that can build out their capabilities in specific verticals.</p>
<p>The post <a rel="nofollow" href="http://staging.blog.biakelsey.com/index.php/2013/04/17/lsa-2013-citygrids-finger-bets-on-vertical-revival/">LSA 2013: CityGrid&#8217;s Finger Bets on Vertical Revival</a> appeared first on <a rel="nofollow" href="http://staging.blog.biakelsey.com">BIA/Kelsey - Local Media Watch</a>.</p>
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