Archive for LBS Thoughts

Thoughts on the massive leverage effect of mobile

Many businesses are very interested in mobilizing their brands, usually because they simply want more access to their user base, and they see a lot of potential in opening up a new channel of communication through a mobile device that the user is carrying around with them anyway (more often than even your wallet, after all, if you leave your wallet at home, you might not turn around because you can always borrow cash from a friend.  But if you leave your phone at home, most people would turn around to pick it up.)

But we’ve identified what we believe is an even more powerful argument for mobilizing your brand: the massively leveraging power of mobile content creation.

So what do we mean by this?   Let me start by asking you a question:  If only 2% to 5% of your user base is carrying around a smart-phone, does it make sense to put the thought, time & resources into creating a mobile version of your brand?

Your initial answer might be ‘no,’ but we have a strong argument as to why that answer is a resounding ‘yes’.  

Let’s start by analyzing a pattern of behavior on the Internet (and in other parts of life too):  Typically, most people “consume” content, and few people “create” content.  It’s like this with TV, and it’s like this on the Internet.  Many fewer people are out there creating the content than the size of the audience that’s consuming it.  Let’s call this the 90/10 rule, where 10% of the user base is creating the content, while 90% is consuming it.

Another interesting trend with smart phones is that people with these types of phones, which are basically mini-computers, are much more active on the Internet through their phones than the typical phone user.  In fact, even though a vast minority of users have an iPhone, they are big Internet users, because the iPhone has made it easy to browse web pages through the mobile device.  The ergonomics here become very important.

So then, these pieces come together.  You have very active mobile users within your user base that could be creating very rich, original content for the rest of the passive user base to consume.

And even though those users might be a minority of the entire user base, or might only be in certain geographic areas, the content they make can (and will) still be consumed by the entire audience, and your brand, and site, will be much richer because of it.

picture-8This is illustrated very clearly by a “Twitter Vote Report” app that NPR did for the elections (pictured at left, you can also find the link here courtesy of FortiusOne).  Although the actual amount of data produced was small – on the order of what appears to be several thousand submissions nationwide, the effect is stunning when viewed on the full desktop experience.  And here’s a link showing the twitter comments people were making about their wait times – again it’s as if these mobile users were all reporters, sending in “news from the front lines” that passive desktop users crave.

We encourage you to think about mobilizing your brand in this way:  You will get a new channel of localized communication between you and your user base by extending your brand to the mobile handset, and making it easy for current and future customers to interact with you from their phones.  But you will also have a tremendous opportunity to leverage the data from this small subset of your users over your entire userbase, so make sure you put some thought into how you can apply this for maximum effect.

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LBS Today = Television in 1930′s

The problem with a really, really great idea is that nobody quite knows quite what to do with it.

Take television, for example.  Here’s a quote from TIME Magazine, Feb 22, 1926:

“In London, a concern called Television Ltd. obtained licenses to retail the ‘televisor,’ a radio device invented by John L. Baird of Glasgow that permits ‘looking in’ as well as listening in. Broadcasting from a televisor station in London was to begin at once.

The television.  The device so many of us can’t live without today.  The device many people spend hours in front of each day.  But when it was first invented, many people didn’t know what to make of it.  ”A radio with pictures?”  In fact, early television shows mainly consisted of a newscaster sitting in front of the camera, reading a script.  It was basically just that: Radio, with pictures.  Nobody had figured out how to take advantage of this new medium.

Contrast that with television today:

We’ve probably gone about 98% up on the value curve in terms of exploiting the television medium.  It’s doubtful we’ll see any major innovations until the technology changes again (3-D TV’s, etc).

PointAbout is in the same position as TV was in the 1930′s.

What we are enabling by mobilizing brands is an entirely new channel of communication between the user and the brand.

For the first time, a company’s website knows exactly who and where the user is the moment they go to the site.

That’s a really big deal.

For example, when you walk into a Walmart today, you don’t visit Walmart.com as you’re walking in – there’s no reason to do so.  It wouldn’t make sense.

But what if Walmart.com wasn’t the main corporate site, but instead it was a site that was personalized and individualized for YOU.  What if, when you were near or in the store, you could interact with your phone to find out whether Walmart had something in stock, or heck for that matter, what if Walmart could invite you to come into the store because Walmart knew you were nearby and knew that you needed to buy toothpaste.

What if, in fact, your phone reminded you that you needed to buy toothpaste.  What if you had forgotten, but Walmart was telling you because you were in the neighborhood?  ”Why not stop in while you’re nearby, after all, you’re right around the corner.”

These ideas are really just scratching the surface of what’s possible with PointAbout.  The web has been blind, but we give it vision.  So for the first time, the web can see you, and see where you are and interact with you on a very personalized level.  And I’m confident that we haven’t even started to figure out how to take advantage of it all.  But if there’s one thing I’m sure of, it’s that the PointAbout crew will be helping brands figure it out.

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Our thoughts on why PointAbout is so needed

Our goal is to get our users to the “How did I live without this?” moment.  But that can be hard to see before-hand.  For example, people lived just fine without cellphones, but can you imagine living without one these days?  Our goal is to accomplish the same thing by overlaying the virtual world over the physical world.  

This video will explain what we mean with a specific example.  Daniel Odio, one of our co-founders, had to get the oil changed in his car.  Now, the real question is, when you’re driving down the street, why don’t you have immediate access to know:

  1. What oil change places are around you
  2. What each one of them would charge you for an oil change, and
  3. (most importantly) Which one of them wants your business the most?

Take a look at the video to see in more details how we’re planning on resolving this issue…

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Find Real Estate For Sale Around You, Wherever You Are

We’ve enabled our first website client to be location aware through PointAbout’s technology, a popular real estate MLS search tool called TheBestHomeSearchEver.

The mobile version allows users to find homes for sale around them, wherever they are.  It’s currently open for beta testing for iPhone users.  You can find details about it here.

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We give websites their eyesight

Welcome everyone, this is Daniel Odio, the COO of PointAbout.  This is my first post, and I’m very excited to begin the process of telling you all about some very innovative and exciting things we’re doing at PointAbout.

Let me start by telling you what our mission is – to give websites and web applications their vision.

Here’s what I mean by that:  The web is currently blind.  That has been OK because the entire web has been blind.  It’s as if billions of people are walking around without eyesight.  Nobody knows the difference.  But PointAbout is changing that.  We’re making web applications “location aware” which is akin to giving a website its eyesight. 

With PointAbout, a website knows who its users are, and where they are physically located when interacting with the site.  For the first time, a website knows if a user is standing on the corner of 5th Ave in NYC or the pier in San Francisco.

It takes a minute to digest the significance of this, since the whole web world has been blind to date.  But the possibilities are absolutely astounding.

To date, websites have been charged with giving all their users one consistent message, and web infrastructure has been built this way.  So for example, the Walmart.com site looks the same to a user in California or Virginia.  PointAbout’s technology means that can change.  We allow websites to customize their message based on the user’s location.  So a user in San Francisco can see a Walmart site that’s specific to the Walmart stores nearest the user.  And that too opens up many new channels through which brands, retailers and web applications can communicate with their users.  Once the site knows where the user is, the site can load up specific information to help that user. 

If the user is near Walmart store #253, Walmart could show the user a localized version of its inventory management system for that store, meaning the user could see if an item is in stock before going to the store.

But why stop there?  We can also tell the website about the user – whatever demographic information the user has chosen to allow us to share with the brand.  We can tell the brand if the user is male or female, what their age is, and what their shopping preferences are.  So, not only can the brand customize its message to the user based on his or her location, but also based on these other characteristics.  Imagine a brand being able to give two users two different messages based on where they are and what they want.  Brands can entice users into their stores with messages like “Stop by in the next 15 minutes for 15% off” and much more.

Needless to say, we’re very excited about the possibilities.  If you’d like to learn more, just contact us!

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Leaving a mark…

A few of us were sitting around and talking about what market we would invest in if we were to start a company…

In just a few clicks we found:

Cellular News reporting that Converged Mobile Device adoption will Reach 82 Million Units by 2011 (today there are 9.6m WW and 4m in US). IDC reporting that the mobile phone market surpassed a record one billion handsets in 2006 (shipped) and the worldwide phone market continuing to grow at a 2006–2011 CAGR of 6.9% to break 1.4 billion units shipped. IDC reporting that new handsets shipped into emerging markets and upgrade handsets in emerging markets and mature markets are driving growth. Piper Jaffray analyst Gene Munster predicting that Apple will ship 45 million GPS enabled iPhones by 2009. Telematics Research Group reporting that 20 million navigation-enabled mobile phones were sold last year and estimating 500 million by 2015.  Juniper Research reporting “Global mobile advertising will surpass $1 billion for the first time in 2008, reaching $1.3 billion by the end of the year and increasing to almost $7.6 billion by 2013”.   

We also found it interesting that the Location Based Services (LBS) space was incredibly crowded yet no company had cracked the code on the phone…

The next day we were building PointAbout Inc…

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