Please copy this new business idea (but give credit)
Posted by shannonclark on November 23, 2008
Consider this post as cc-atribution licensed – feel free to exploit this idea commercially (heck that’s the point) but please do give me at least some credit if you do
A timely, new (if also old) business idea
I describe myself as a locavore – whereever possible I try to purchase the food I eat – whether in restaurants or that I cook at home – from local sources – ideally as close to the source of production as possible. I shop at the butcher’s shop down the street, the corner (and great) produce market, the local farmer’s markets and try as much as possible to avoid shopping at big box national chains and when I do I try to purchase mostly locally sourced, seasonal products as well as fair-trade and environmentally friendly products when I have to (i.e. toilet paper etc).
But being a locavore is not just about food – I also try to do most of my other shopping – whether clothes, books, or gifts for family and friends from local stores. I often buy used books as gifts – both because I often find highly personally relevant works that way – and because philosophically I like supporting good reuse. However I also recognize that this does not support the authors directly – so in the case of books by friends of mine (which is literally nearly 100+ books a year, not all of which I buy) I generally buy those new, usually from a local independant bookstore (or occasionally the first week they come out from a big chain store such as Borders to help out my friend’s first week sales numbers).
So what does my personal shopping preferences have to do with my business idea?
I moved to San Francisco only a few years ago, in that time I have spent a lot of time and wore out a few pairs of shoes, walking the streets of San Francisco learning the neighborhoods, finding shops and areas of interest. However I find that there is no good source for me to refer to, especially as we enter into the holiday shopping season, to know what stores are selling what, sales or special offers they are making, and especially about newer shops which might be offering just the right thing I want to buy.
I’ve looked at many of the various free publications here in SF (SF Weekly, The Bay Guardian) as well as a few of the monthly magazines – and while they offer a limited amount of coverage of the local scene (and even more limited amounts of local ads) none of them do a very good job – and the extremely local options (my neighborhood Noe Valley has a very small local newspaper) while interesting are quite limited in their coverage and fairly low quality.
Sites such as Yelp offer some coverage – though I do not like Yelp in the least – I find it next to useless – the food coverage is horrible and the shopping coverage to random and fundementally people have way too different a range of perspectives as to what is a “good value” to cite just one example or of what tastes good – I’m biased but I think I am a far more discriminating restaruant critic than the vast majority of the reviewers on Yelp.
My idea is a high quality, probably seasonal, web AND print publication (or publications)
The publication would be relatively high quality in the print edition – though it would start with the digital edition and extend rapidly to a print edition (once ad commitments were high enough to pay the cost of printing probably in color and a distribution/subscription plan was set).
In terms of format the coverage of stores (which would be a major focus of the publication) would be highly visual – lots of photos to illustrate every article – at a minimum of the storefront, of the owner and/or staff, of a few representative products. The articles would ideally be part of a piece covering a broad theme – either a collection of related types of businesses and/or a given neighborhood of the city.
Publishing an article would be seperate and NOT related to that business running an advertisement in the publication. But in the course of talking with each business ads would be pitched – the articles would run online, would include a link to the store’s website (if it has one) but would be writen to be relatively timeless – i.e. wouldn’t be focused on current sales (or perhaps only a current show in the case of a gallery). If a store pays for an ad – that ad would be a platform for them to maintain up-to-date information about offers (discounts for readers, current specials, new shows, upcoming events). The ad text would be clearly identified as being an ad.
Pricing would be flexible – this is a bit of an experiement – my rough thinking is that broadly speaking pricing would be tiered – with one level for businesses under some arbitrary size (or in certain categories) and a tiering up level up – the result in part being that national chains would be charged almost certainly a higher rate than most local businesses – though a local business selling very high end products (and thus if their volume is also high having a fairly high revenue base) would also be charged at the higher rates. Ideally the rates would be for the whole season – so for a few months at a minimum.
I don’t know the right rates – but my gut says something <$200 or so for a small business (<$250k/yr gross revenues) and going up from there to a few $K for a business such as Macy’s.
Technically each advertiser would be given a way to update their ad text – which would appear online around the article covering their store/business as well as in relevant sections (so in the larger article covering their neighborhood or business type). Before the print edition(s) each advertiser would submit the content they want to have – small businesses would likely have TEXT only advertisements and those paying a slightly higher rate would have small sized graphic ads (i.e. 1/4 page or likely smaller) with the largest companies who pay the higher rates being offered either a set of small graphic ads or a full page ad. The premium placements (back cover, front pages, middle pages) would go to the highest rates though likely at least one or two of those pages would be reserved for a collection of small, text ads from smaller local buisnesses.
So this is a very commercial idea – it is not about long form investigative reporting, nor is it about highly political ranting (as is so much of the free weekly press). But neither is it only focused on businesses of a given type – i.e. not just “green” businesses or in the other extreme not just high fashion/design businesses.
Executing on this idea would take a lot of people – and a lot of work – and the result would need to be carefully edited and produced to avoid (in the physical print form) being unwieldy – my instinct is to print many different editions – perhaps as frequently as once a week – with each one focusing on different neighborhoods and different themes – i.e. perhaps local butchers and bakers in the week before Thanksgving but also cover three distinct neighborhoods of the city – so both theme and geography – with the final result being nearly complete coverage of the city in some fixed period of time (perhaps the whole year or perhaps on a rotating basis over 3-4 months).
Each print edition might include a few long form articles – but initially I think it should not – the focus shoudl be on some visual (as well as textual) coverage of lots of businesses and lots of themes. As an article is written and edited the whole piece would be published online – probably with an editorial standard of a minimum number of photos (2-4 at least I think), an accurate address (or addresses), hours of operation, website link.
Of course technically much of this data could be marked up as one or more microformats – but that’s not the point here – the point is to build up a rich set of interesting content – content that gives you a solid sense of what the buisness is about (via visuals and writing with a human voice) combined with relevant – if also commercial – messages (i.e. ads from the business or related businesses – always clearly marked).
The idea here is also to be a curator of the city (or more accurately to enable multiple people to curate different aspects of the city) so not every business will be covered – only the ones that a given curator thinks are notable – are worthy of being writen up and discussed.
So that is my idea in the broad outlines – yes, it is in many ways very traditional – it builds on past ideas (Yellow Pages, those free publications you find in most cities in your hotel rooms) but I think there are a few twists here as well – lots more visual content (enabled in part by digital cameras) and an experimentation in the form of advertising content – i.e. to have ads which are updated by the businesses automatically for the duration of their contract (technically this could be via a custom RSS feed from a feed under the business’s control – with some HTML/URL filtering/preprocessing) Heck, the ads could technically be updated via Twitter!
In thinking about the businesss requirements of this idea I think it could be bootstrapped by a small core cadre of passionate people – it would require a few sales people and a lot of writers – initially everyone would be working essentially on commission/spec – but eventually a rate per business would be set, as well as rates for the curators who would choose which businesses meet the criteria and editors who would ensure that all copy is of a high quality (gramatically, factually accurate, all photos licensed accurately etc).
The reason to combine a print publication and the web are many – for one the print publication would then, in part, be distributed at the many local stores featured in the publicaiton (probably sold there not given away for free – placing a small price on it gives a revenue incentive to the stores – probably the face value would be set at say $3.00 or so – and the stores would keep it all for the say 20 copies they get for free – if they want more they pay for them at some preset rate)
Anyway lots of details to work out – but if you are interested in exploring this idea here in San Francisco leave a comment or contact me directly. If you want to explore this idea in your own city – as I said at the beginning consider this cc-atribution – please go and try this – build up a great buisness and make lots of money – just also please give me some small bit of credit.