Multichannel, multichannel, multichannel. For online businesses, it is simultaneously the New Promised Land as well as The Impending Doom. I’ve discussed before how I think Amazon will ultimately see its greatest threat come from Walmart, and may actually acquire Target or Sears in order to pre-empt the risk of a competitor that can offer online deals as well as physical storefronts. The same could be said for Best Buy over NewEgg.com, REI over backcountry.com, or even Dave & Busters over Gamestop.com.
Along the same lines, I think Facebook’s recent addition of ‘facebook places‘ isn’t merely trying to push out fourquare or gowalla for eyeball share– quite the opposite– they seem to be warmly welcoming those partners into the fold. All Facebook wants is everyone’s current GPS coordinates, regardless of who tricks the user into surrendering them. Why? Because once Facebook has your 10-20, it can turn around and drop a dime on you to all those potential location-sensitive advertisers. Facebook has the opportunity to beat Google at it’s own game. Think Multichannel. Think Mobile. Think Minority Report, much sooner and much worse than anticipated.
Google must realize this also, hence its mad rush to buy up some social network providers along with location-triggered services. I fear it may be too late for Mountain View, however– everyone has their personal troupe/network built out on Facebook, and they’ll be loathe to do it again somewhere else.
The other risk here is that the proletariat may rise up in rebellion against constantly announcing their whereabouts, but if there are free lattes involved, I wouldn’t be surprised to see people surrender their bank card PINs.








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