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	<title>Your Suspect &#187; market data</title>
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		<title>SMX LoMo: Day 1 Take-Aways</title>
		<link>http://yoursuspect.com/2007/10/01/smx-lomo-day-1-take-aways/</link>
		<comments>http://yoursuspect.com/2007/10/01/smx-lomo-day-1-take-aways/#comments</comments>
		<pubDate>Tue, 02 Oct 2007 00:20:13 +0000</pubDate>
		<dc:creator>Ben Saren</dc:creator>
				<category><![CDATA[Local Search]]></category>
		<category><![CDATA[Networking]]></category>
		<category><![CDATA[conferences]]></category>
		<category><![CDATA[market data]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[smx lomo]]></category>
		<category><![CDATA[statistics]]></category>

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		<description><![CDATA[<p>Now just to be clear about something &#8211; I&#8217;m not the greatest blogger, as you likely know. And I don&#8217;t make a living from my blog nor do I profess to have <em>that </em>much important to say &#8211; I just talk a lot and somewhere in there I tend to make a point or two. So, that being said, I&#8217;m going to try and take my notes and translate them here. At the same time, not all of my notes are going to appear here in the blog &#8211; those are mine, for me eyes and me own self. Call &#8230; <a href="http://yoursuspect.com/2007/10/01/smx-lomo-day-1-take-aways/" class="read_more">Read more</a></p>]]></description>
			<content:encoded><![CDATA[<p>Now just to be clear about something &#8211; I&#8217;m not the greatest blogger, as you likely know. And I don&#8217;t make a living from my blog nor do I profess to have <em>that </em>much important to say &#8211; I just talk a lot and somewhere in there I tend to make a point or two. So, that being said, I&#8217;m going to try and take my notes and translate them here. At the same time, not all of my notes are going to appear here in the blog &#8211; those are mine, for me eyes and me own self. Call it a strategic advantage if you&#8217;d like.</p>
<p><a href="http://searchmarketingexpo.com/local/full_agenda.shtml" target="_blank">Click here to see the complete agenda</a>. I stayed on the Industry track today.</p>
<p><strong>Day 1 at SMX LoMo</strong>, in a nutshell, was great. At times I found myself enlightened, fascinated, shaking hands and gabbing with some smart and likable people, but at other times I found myself bored and looking at the time. The later times were usually when the sessions were technical. I&#8217;m not here for technical lessons as many of the people are. I&#8217;m here for industry stuff. Thankfully, Greg Sterling did a heck of a job on that track, despite some very annoying audio problems.</p>
<p>Keynote Address from Michael Jones, Chief Technologist for Google Maps and Earth. Firstly, <a href="http://www.screenwerk.com" target="_blank">Greg Sterling</a> did <a href="http://gesterling.wordpress.com/2007/10/01/live-blogging-michael-jones-keynote-at-smx-local-mobile/" target="_blank">a nice live report of this</a>. He kept it high level, mostly &#8220;why local search&#8221; and not so much &#8220;how.&#8221; He admitted that Google isn&#8217;t the best at it, refreshing to hear. I loved his comparison of local search being like hotel concierges; they are the experts for their locality. They&#8217;re like a buddy, not a machine. They embody certain characteristics mainly they are discreet, courteous, empathetic, multilingual, and quick spirited. Something else he said, which I was intrigued by and although he mentioned it very briefly, was &#8220;people are becoming hyper-local&#8230; there is a sort of shrinking going on.&#8221; I loved that. I agree. He also helped me see maps in a slightly clearer light than I ever have before &#8211; he said, &#8220;maps  provide a context for the information they provide&#8221; mainly as it pertains local search. That was as simple and clear as you can get.</p>
<p><strong>Introducing the Local Search Engines</strong></p>
<p>Top 3 reasons merchants may not be doing online advertising:</p>
<ol>
<li>They think they don&#8217;t have the budget. This is mostly a perception issue.</li>
<li>They think they need personnel to aid them. This is partly true.</li>
<li>They are overwhelmed and confused by the options out there &#8211; too complex</li>
</ol>
<p>There is a difference between &#8220;ads and answers.&#8221; I don&#8217;t remember who made that point, but that&#8217;s great. Answers aren&#8217;t ads.</p>
<p>Matthew Berk, of Marchex, pointed out that a lot of merchants don&#8217;t even know what &#8220;ROI&#8221; is! Holy shit. This kind of goes back to my points I made long ago about local merchants not really giving a shit and asking they whole &#8220;what have you done for me lately&#8221; question &#8211; see &#8220;<a href="http://yoursuspect.com/node/11" target="_blank">Local Merchants: Do they get it?</a>&#8220;.</p>
<p>Another point I heard was, and I&#8217;m paraphrasing, &#8220;if you slice a geography or a vertical up too granually, the result may very well be low traffic&#8230;. there simply isn&#8217;t enough inventory to support it.&#8221; That&#8217;s part of CitySquares&#8217; problem &#8211; yesterday that is. We launched 25 neighorhoods or so, focused on the locally owned businesses, primarily, and we&#8217;ve been stuck at a relatively steady and plateaued traffic count. But, that&#8217;s changing with the new site as we launch a much larger inventory, and ultimately generate brand awareness. Anyway, I digress&#8230;</p>
<p>Another note I wrote to myself was how apparent and clear it is to me now that Marchex is our biggest threat, but also our biggest opportunity. I really dig what they are doing &#8211; I think they&#8217;ve got it right and it&#8217;s going to take time. Again, I digress. But one thing Matthew pointed out, which really stirred my pot (like that?), was something like &#8220;take a zip code like 21218, Baltimore &#8230; we can be the home page for 21218&#8230;.&#8221; Wow. Just, wow.</p>
<p>Greg Sterling pointed out, as he has in the past, that merchants just don&#8217;t self provision, and they won&#8217;t until they can just say &#8220;here&#8217;s my credit card, here&#8217;s how much I can afford, and you take care of it.&#8221; That&#8217;s speaking the truth &#8211; amen brother Sterling. That was a big topic, for a good 5 minutes.</p>
<p>The last point I walked away with, which I love and needed to hear, was this: what&#8217;s the difference between IYPs and a local search? IYPs have a sales force! BINGO!! Man, I heard the angels sing. GOT IT!</p>
<p><strong>SEO Best Practices in Local Search </strong></p>
<p>Randomly:</p>
<ul>
<li>70% of internet users do local search</li>
<li>68% use the phone to contact the business</li>
</ul>
<p>I was confused by this at first but it only complimented the theory/stat that about 33% of all internet searches are people seeking local goods and services.</p>
<ul>
<li> organic results improve brands</li>
<li>&#8220;local links&#8221; are critical for small businesses who have websites and want to do local search</li>
<li>This from Gib Olander, who confessed that it&#8217;s someone elses brain child: search is either Recovery or Discovery. Recovery is I know what and where, Discovery is I know where but not who.</li>
<li>Look into the hcard format</li>
</ul>
<p><strong>Community Driven Local Search &#8211; my favorite so far</strong></p>
<p>From <a href="http://www.localseoguide.com/" target="_blank">Andrew Shotland&#8217;s</a> presentation (<a href="http://www.localseoguide.com/take-back-your-reputation-from-the-online-yellow-pages-just-say-no-to-nofollow/" target="_blank">some of this is on his blog</a> actually, nice work Andrew!):</p>
<ol>
<li>no reason (debatable?) that merchants can&#8217;t take their reviews from other sites (CitySquares, Yelp, etc) and put them on their own site.  &#8211; I wonder though, does that mean they can put reviews of their business frpm <em>other </em>sites, on their Citysquares profile? Hmm.</li>
<li>A few IYPs and local guides actually use &#8220;nofollow&#8221; on merchant pages! That sucks for the merchant! CitySquares won&#8217;t do that. &#8220;page rank leakage&#8221; &#8211; come on&#8230;.. who cares! GIVE THE MERCHANTS MAXIMUM VALUE!</li>
</ol>
<p>Ok so the CEO of <a href="http://www.doneright.com/" target="_blank">Done Right</a>, Paul Ryan, really unnerved some people. Long story short, he&#8217;s a review hater. I don&#8217;t think he&#8217;s wrong, but he may have articulated himself a little too provacatively. I could see many people squirming in their seats. Nonetheless, Paul is very articulate and intelligent and made some excellent points and I agree with most of them.</p>
<p>I took the mic during Q&amp;A and simply made a point about the importance of reviews as it applies to the amount one is spending. Paul agreed with this and Greg expanded on it. <a href="http://yoursuspect.com/node/43" target="_blank">More on that point here</a> but in a nutshell, I think the more money you&#8217;re spending the more reviews matter.</p>
<p>64% of SMEs are aware of review sites.</p>
<p>Expert reviews vs. anonymous reviews was a big topic, mostly lead by Paul. Trust = Expert and &#8220;experts used to mean trust.&#8221; Look at CNET product reviews, you have both editorial reviews as well as consumer reviews.</p>
<p><strong>&#8212;&#8212;-</strong></p>
<p>I bounced between the last two sessions, and then had a phone call &#8211; not much to report on them, sorry.</p>
<p>So thats my digest for the day. I&#8217;m about to call my wife, then head downstairs for a little chow and a scotch. I&#8217;m hoping to head downtown tonight to be around the stadium. The Rockies may clinch tonight. That&#8217;d be neat. Not that the NL interests me, or expansion teams. But it&#8217;d be nice to be in the vicinity of another teams success aside from the Red Sox, for a change.</p>
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