Category: Local On-Demand Economy (LODE)
-
Time with MyTime, Part II: Ethan Anderson’s LODE Aspirations, Worries (video)
After giving the afternoon keynote at BIA/Kelsey NOW, MyTime CEO Ethan Anderson answered questions for our cameras about the changing nature of work and customer relationships (full video embedded below). “Consumers have the new expectation that when they want something, they can get it any time they want,” he said. “They are also moving away…
-
Time with MyTime, Part I: Bringing Saas to Local On-Demand Services (video)
SMB scheduling and operations platform MyTime is bringing the local On-Demand economy (LODE) to established SMBs, as opposed to the “gig economy” where the discussion usually lies. We discussed with CEO Ethan Anderson during a Keynote at BIA/Kelsey NOW (video below). In appealing to SMBs with an expanding suite of operational tools to acquire and schedule…
-
On-Demand Service Urgent.ly Embeds Roadside Assistance with ParkWhiz
It’s late, you’ve returned to your car after an evening ballgame to find the tire is flat. What do you do? With parking place reservation app ParkWhiz, a Chicago-based iOS and Android developer, the answer is now embedded in the same app you used to find and book the parking spot. The company has partnered…
-
Benzing’s MyNeighbor Provides Household Items for On Demand Rentals
The last player standing in the hyperlocal neighbor wars might be considered NextDoor, which has raised over $210 million from several major VCs on the basis of converting a mountain of neighborhoods and neighbors to targeted advertising dollars. We’d like to see an update on Next Door’s volume and frequency of usage — it is…
-
‘On Demand’ is New Focus for Some Home Service Providers
Competition in the home services leads space has been heating up — and so are the tensions. Just this week, Angie’s List has filed suit against Amazon, contending that Amazon Home Services has been egregiously signing up for the member’s-only service around the U.S., and grabbing proprietary service recommendations. On Demand home services is something that…
-
The Unit Economics of On-Demand Services (Video)
One of the draws of the local on-demand economy (LODE) is how it flips the model for local commerce. For example, by connecting buyer and seller more directly, LODE sidesteps lots of traditional margin-compressing overhead (storefront, staff, warehouse, etc.) and engenders leaner unit economics. This can be seen in GrubHub’s meal delivery from non-sit down restaurants. Without polished restaurants,…
-
California Labor Commission Deals Uber a Bad Card
The continuing debate about what constitutes employment in on-demand businesses took a symbolic but positive turn for Uber drivers today, when the California Labor Commission ruled a former driver is owed $4,152.20 for her uncompensated mileage and tolls incurred, plus interest on the total, while driving for Uber last year. The ruling is a one-off…
-
Is Amazon Taking the Uber Route for Local Delivery?
Amazon.com, the online retail giant, intends to dip its toe into the on-demand market to solve the problem of same-day delivery. The Wall Street Journal reported today that Amazon will use local drivers coordinated through an Uber-like logistics system and mobile app to pick-up and drop-off packages for customers. Perhaps the skies will not be…
-
Conference Presentation: On-Demand Economy Fundamentals
What are the fundamentals that make the Local On-Demand Economy (LODE) tick? It’s an important question to begin to reveal where there are entry points for innovation and business opportunity. We answered this question on Friday during BIA/Kelsey NOW in San Francisco. There are so many parts to the discussion, which we tackled throughout the…
-
BIA/Kelsey NOW: The Impact of the Local On Demand Economy
BIA/Kelsey’s NOW conference today in San Francisco highlighted the Uberification of the local space and its impact, pro and con, on traditional marketing channels, especially advertising. “It is about evolving markets,” said event head Mitch Ratcliffe. Some people grossly simplify what is happening as if there will just be “an uber for this, an uber…
-
LODE in 2015: Housekeeping Services Vertical Worth Up to $57B
How big is the market housekeeping startups such as HomeJoy, Handy and Thumbtack? Is the business big enough to justify Amazon Home Services’ leap into the market? We’ll answer that question the last week before BIA/Kelsey NOW, coming up on June 12th at the Mission Bay Conference Center in San Francisco. Use the discount code…
-
Payment Systems Will Be the Backbone of the On-Demand Economy (Video)
The Local On-Demand Economy (LODE) will be all about transactions. The ease of transaction between buyer and seller will need to match the lowered-barriers and “immediacy” of the on-demand service and experience itself. Otherwise, LODE’s promise won’t be fulfilled. It’s all about the money. Fortunately, lowered barriers is exactly the trend we’re seeing in payments,…
-
Button Integrates Uber Into Third-party Apps
Button, the New York-based developer of mobile deep-linking integration tools for use in local on-demand services, announced the launch of Uber integration into third-party applications. Foursquare used the tools to add a button to its location-based social sharing application to add the ability to book an Uber ride. When Foursquare members search for a location,…
-
LODE in 2015: An $18.5 Billion U.S.Market
How big can the Local On-Demand Economy get? We’ll be examining this question in several blog posts this week as we prepare for BIA/Kelsey NOW, which happens June 12th at the Mission Bay Conference Center in San Francisco. Use the discount code “MR100” to save $100 on tickets. Will you be there? BIA/Kelsey estimates that…
-
Mary Meeker: 44 Percent of On-Demand Workers are Millennials
Flexibility and other attributes of on-demand work are tailor made for millennials. This was affirmed today by Mary Meeker’s annual “data dump” at the Code Conference. We argued a similar point in our report on the local on-demand economy (LODE): High unemployment has created a steady supply of service providers to fill the ranks of…
-
Local On-Demand Economy: Flipping Local Search as We Know It
This post is the latest in a weekly series of excerpts from BIA/Kelsey’s recent report on the Local On-Demand Economy (LODE). The series will lead up to BIA/Kelsey NOW, a conference on LODE that will take place June 12 in San Francisco. One of the many attributes of the local on-demand economy (LODE), is it’s…
-
Local On-Demand Economy: What’s Next?
This post is the latest in a weekly series of excerpts from BIA/Kelsey’s recent report on the Local On-Demand Economy (LODE). The series will lead up to BIA/Kelsey NOW, a conference on LODE that will take place June 12 in San Francisco. What’s next for the Local On-Demand Economy (LODE)? Though it’s been the recipient…
-
Local On-Demand Economy: What Does it Mean for Local Media Companies?
This post is the latest in a weekly series of excerpts from BIA/Kelsey’s recent report on the Local On-Demand Economy (LODE). The series will lead up to BIA/Kelsey NOW, a conference on LODE that will take place June 12 in San Francisco. The Local On-Demand Economy (LODE) is dominating tech headlines and VC funding, not…
-
BIA/Kelsey LIVE: Answering Your Questions on the On-Demand Economy (video)
What are the top things you need to know about the exploding local on demand economy (LODE)? We tackled that question on Friday during a live analyst roundtable, and the video replay is embedded below. We touched on many LODE subtopics including its supply and demand drivers, unit economics, points of entry, and examples of…