U.K.’s Fish4 creator launches LocalMole – a business directory site
Trinity Mirror, one of the U.K.’s largest publishers with 100 Web sites and over 140 print titles, has quietly released a new online directory site called LocalMole.co.uk. The site is designed to allow users to not only search for businesses, but to also rate retailers and add reviews. According to the industry pundits, the launch of LocalMole is being seen as Trinity Mirror’s attempt to compete with the well-known U.K. directory, Yell.com.
LocalMole has already been powered with basic listings of almost 2 million U.K. businesses. The idea here was not a revenue play, but instead one that focused on the consumer experience. It was important to Trinity Mirror to ensure consumers were able to find listings, even if the advertiser was not one of their paid partners. With that being said, advertisers are encouraged to upgrade their basic free listing and pay for things such as search priority, sponsored categories and expanded business profiles.
The concept is a good one as it clearly speaks to the small business owner and to the consumer interested in using their local storefronts. The launch is also a needed one for Trinity Mirror as their recent press has highlighted their cost cutting ventures in a very public and in a very negative way. According to U.K. news sources, Trinity Mirror has reduced their workforce by more than 13 percent since the start of 2008.
Article Based Advertising – More Bang for your Buck
According to a report released by Adfusion this week, American consumers seem to respond better to article-based advertising and are more likely to act on the brand-related information they read in an article format.
The concept of article-based advertising shouldn’t be a new thing to anyone publishing niche or vertical magazine, as it’s very similar to an advertorial concept, but not as blatant.
Therefore, as your editorial team refers to brands or services in any of their articles, they are doing the world of good for those referred-to businesses’ bottom line. The Adfusion findings state that article-based advertising effectiveness far surpasses banner ads, pop-ups, e-mail offers and or sponsored links.
The challenge now becomes, if this form of advertising is that effective; how do you go about monetizing? It is clear that consumers trust the brand information they gather in articles because it appears unbiased. So, could publishers use their current advertorial program, but yet be mindful of the advertorials need to have an ‘article like’ feel? If you ask Adfusion, this form of ad appeasement (the advertiser versus the reader) might just work.
Other interesting article-based advertising points shared by Adfusion:
- 51 percent say they are “very likely” or “somewhat likely” to read and act upon brand or product information found in articles.
How did the other media advertising forms stack up?
- E-mail offers, 47 percent
- Sponsored links, 39 percent
- Banner ads, 25 percent
- Pop-ups, 13 percent
