Building A Business Information Brand in 2013, the Skift story

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Building a business information brand in 2013 travel intelligence. global smartness. skift.com T: @skift F: /skiftnews

description

Skift is exactly nine months old today. Since we started the company last year, we have believed we are building a new kind of business information brand — a travel information brand in the largest sense of that phrase — a startup built to scale out of the vertical ghettos. What are the lessons we have learned from the last nine months? How do you build a brand that will transcend industry-defined historical boundaries? What are the lessons of being a thin/lean/insert-your-buzzy-phrase media+data startup and how do you break through in a seemingly mature and crowded space? Can it be replicated in other sectors, by other startups? Skift's founder and CEO Rafat Ali gave a presentation earlier this week at the ABM annual conference, on “Building a Business Information Brand in 2013” which attempted to answer some of those questions.

Transcript of Building A Business Information Brand in 2013, the Skift story

Page 1: Building A Business Information Brand in 2013, the Skift story

Building a business information brand in 2013

travel intelligence. global smartness.

skift.com T: @skift F: /skiftnews

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skift.com T: @skift F: /skiftnews

With a $6.5 trillion contribution to GDP & 260 million jobs, travel -- made up of tourism, hospitality, transport & leisure --

is the world's largest industry.

While digital has disrupted distribution & information systems, no information and intelligence brand has emerged that

matches the industry's size with its digital potential.

Skift is that brand.

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Skift is now among the largest travel news and

information sites in the travel industry, 9

months after launch.

The brand is well on its way to becoming the

lingo in the travel industry.

skift.com T: @skift F: /skiftnews

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On the way to becoming the most pervasive travel information brand

We're creating a next-generation data & info-heavy

crossover media company that's built to break out of the

vertical media ghetto and scale to its true potential.

skift.com T: @skift F: /skiftnews

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This is our story so far, of scaling so quickly

with a very small team of 5 people.

And our vision for growing up.

skift.com T: @skift F: /skiftnews

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Business media and information: least sexy

sectors in the larger tech economy, and among

the least innovative in digital.

skift.com T: @skift F: /skiftnews

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But in the era where business media & enterprise

software have merged, where Salesforce & LinkedIn are

becoming gold standards in business information:

B2B media & information sector needs wholesale

redefining.

skift.com T: @skift F: /skiftnews

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skift.com T: @skift F: /skiftnews

Source: CEO.com & Domo Survey 2013, Decade of media consumption pattern changes among CEOs.

What a difference a decade makes

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paidContent.org, exactly a decade ago.

April 25, 2003.

›› The template for all blog media companies to come after.

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Skift, today.

April 25, 2013

›› Visual›› Social›› Brand-led

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What a difference a decade makes: paidContent vs Skift

›› blogs vs platform agnostic›› content-centric vs data-led

›› post-thinking vs product thinking›› freshness vs immediacy

›› linking vs sharing›› using content vs using design to punch above your

weight

skift.com T: @skift F: /skiftnews

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What hasn't changed

›› B2B doesn't have to be boring›› The nativeness

›› Connecting the dots across silos collapsing›› Being smart, sharp, surgical & strategic with all

content, the 4S's of content

›› User centric: Vendor vs the User

skift.com T: @skift F: /skiftnews

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Your expansive worldview defines how big your vision is.

skift.com T: @skift F: /skiftnews

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Size matters›› Travel, world's largest industry

Definition matters›› Travel begins when you leave home

Ambition matters›› We're defining the future of travel

skift.com T: @skift F: /skiftnews

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Hybrid business-consumer, crossover

information and data brand is the way to:

›› scale on users+revenues

›› break out of vertical ghettos

›› scale to the full potential of the brand

skift.com T: @skift F: /skiftnews

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Are you aware of macro-trends you're riding?

›› travel silos collapsing, like other industries›› blurring of business & leisure travel›› locus of travel is moving eastward

›› tech & design is eating the world

skift.com T: @skift F: /skiftnews

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Figure out the whitespace, or create it

B2B: Backwards. Boxed-In. Boring.

Consumer: Cluttered. Confusing. Casual.

skift.com T: @skift F: /skiftnews

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You don't need to own the content, you need to own the voice

›› three legged stool of content: curation + licensed+original›› expertise, not just exclusivity

›› licensed content from lot of sources globally that don't typically slot them in travel, but under our filter they are; helps build the brand›› Skift Take: Our tweet-length take on every story has become our

signature voice & brand

skift.com T: @skift F: /skiftnews

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Role of original content: Build franchises that can be productized down the line

›› SkiftSeedlings›› SkiftAds

›› SkiftDesign›› SkiftStats

skift.com T: @skift F: /skiftnews

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Don't underestimate building the consumer hooks

›› accessible writing›› attractive design›› wide syndication

›› ubiquity matters

skift.com T: @skift F: /skiftnews

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Building users in concentric circles

›› Lowest hanging fruit you'll quickly get›› Early adopters in tech and enthusiast community

›› Be cognizant of which user-pockets will spend money

skift.com T: @skift F: /skiftnews

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skift.com T: @skift F: /skiftnews

Think prosumer, not consumer

›› One concentric circle outside the business users›› From professionals in travel to professional travelers

›› From news to news-you-can-use›› Curating and integrating best-of- breed tools & services for

business travelers.

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skift.com T: @skift F: /skiftnews

Think pervasive, not exclusive

›› Syndicate as widely as you can, be wherever your users could be, even outside of business environments.

›› Example: Our deals with CNN, NBC News, Flipboard, Quartz, AdAge, BusinessInsider and others to come

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Creating a social business brand

›› B2B doesn't have to be boring›› The daily blocking and tackling happens here

›› Worry about your Klout score›› Analytics-driven social

›› Twitter vs Facebook vs LinkedIn›› Become a media influencer through social

skift.com T: @skift F: /skiftnews

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Mobile means ubiquity

›› Are you near industry-norms in userbase?›› Ubiquitous sharing in mobile

›› Mobile web vs apps and why focus

skift.com T: @skift F: /skiftnews

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Data-based, data-led, data-focused

›› Focus on competitive intelligence›› Build and manage a suite of meta-services

›› Layers on top of existing publicly-available and open-web data

›› Delivered any way the users want it: online, apps, alerts

skift.com T: @skift F: /skiftnews

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SkiftSocial dashboard: to discover the latest patterns

and trends, and gain insight into how

companies work and compete in the new social-

driven world.

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Building data tools

If you had

Visualization of Google Analytics + Real Time charting of Chartbeat + Activity feed addictiveness of Facebook

What would you build?

skift.com T: @skift F: /skiftnews

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Can media and data coexist?

›› Data informs media strategy; Media is an insight layer on top of data.

›› Competitive intelligence as streams›› News & media is just another stream

skift.com T: @skift F: /skiftnews

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Thanks, keep on Skifting.

Rafat Ali@rafat

skift.com T: @skift F: /skiftnews