The Future of Yellow Pages

89
Dick Larkin American Marketing & Publishing

description

Dick Larkin's closing keynote to the Association of Directory Publishers conference on April 28, 2011

Transcript of The Future of Yellow Pages

Page 1: The Future of Yellow Pages

Dick Larkin

American Marketing & Publishing

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American Marketing & Publishing

HomePages Directories

323 Community Directories54 new books last year

194 new books planned this year

Average 10,800 copies

10 Upper Midwestern States

14 Years in Business

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Conquering Misperceptions

Crafting New Realities

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Good Newsand

Bad News

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First, the BAD NEWS

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If you are in the business of printed

telephone directories, you are going to be out

of business

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EVERYONE (outside of the industry) agrees that printed directories are going to die

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They only disagree on the timing

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Now the good news

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I mean the other good news

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If you are in the business of connecting customers

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Your services will always be

needed

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Perception Is Not Reality

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Perception DRIVES Reality

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The expectation that The expectation that print is dying is print is dying is

accelerating the final accelerating the final outcomeoutcome

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I’ll believe it when

I _ _ _ it

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WRONG!

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I’ll believe it when

I believe it

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Customers doubt your

claims

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They are confused by your “facts”

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Help them Help them convince convince

themselvesthemselves

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Share Stories of

Others Being

Successful

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Tell Tell YourYour Story Story

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Good News from the FutureGood News from the Future

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This survives but in a

new form

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Live Long and Prosper

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ArousingDevelopments in Advertising

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Risk ShiftingRisk Shifting

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In the good old days, advertisers bore all the risk

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If ads didn’t work, their only recourse was to quit advertising

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You could count on delivery, but not

engagement

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Pay-Per-Click is a guarantee of engagement

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Pay-per-call is even more

engagement

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Groupon Flipped the

Model

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Rather than ask for advertising dollars,

Groupon delivers a check and an audience FIRST

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The world has changed.The world has changed.Deal with it.Deal with it.

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Look Where It’s Going

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The best way to look into the

future is to look into the past

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5 Years Ago

2006

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5 years ago in 2006

• Facebook was 2 years old– invitation only– restricted to students and a few companies

• It now has over 600 million active users

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5 years ago in 2006

• Oxford English Dictionary added “Google” as an official word (noun and verb)

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5 years ago in 2006

• YouTube was 14 months old and would not acquired by Google until October 2005

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5 years ago

• Twitter did not exist(would not be launched until July 2006)

• 294 million Twitter users today

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• iPhone more than a year away. (introduced July 2007)

• Top selling phone of 2006 was a phone

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Blockbuster had 9,000 stores

They currently have 5,000 stores and were sold in bankruptcy to Dish Network

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The first Redbox kiosks were tested

They now have 26,000 locations and have rented over a billion DVDs

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Everything is . . .

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More Personal

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More Mobile

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More Socially ConnectedMore Socially Connected

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More Convenient

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More Measureable

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More Efficient

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More Self Service

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More Instant

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The pace of change

is increasing

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Margins keep going down

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Conquering Misperceptions

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5 Years From Now

2016

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Will we be

online more?

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Will we be more socially networked?

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Will video be

more important?

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Will mobile be

more important?

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Will people

still want

deals?

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Will risk continue to shift away from

the advertiser?

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Will businesses

still need help getting customers?

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The Secret to the Perception of Success

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Fast Results = Success

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So What Should You Do?

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Get Help

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Be the NavigatorBe the Navigatorand Activatorand Activator

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Act Like Act Like You Know You Know

What You’re What You’re DoingDoing

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BusinessesCraveVision

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So Now What?

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People Buy From Someone They

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KnowKnowLikeLike

&&TrustTrust

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Step 1.Sell Something Engaging

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Step 2Reduce Risk

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Step 3Work Like

Hell to Make the Customer

Happy

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RepeatRepeatandand

RefineRefine

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Make Your Own Rules

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ADP Members want you to ADP Members want you to succeed and will helpsucceed and will help

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ThankYou

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