The lazy mans guide to enlightenment

Alas, not available on the Kindle yet.

Not too many months ago, I advised my friend to buy up the .mobi equivalent of all the domains he owned.  We were questioning the value of a mobile-version website, and what content to put there.  I still stand by my recommendations for what thrives on a mobile-version website, but the idea of a separate domain name is completely moribund now.

Here are three reasons why: Multichannel, convenience, and branding.

Multichannel – Your customers will want a consistent experience across channels.  My interactions with The Economist or Toyota Motor Corporation should be pretty similar whether I am coming in through a desktop browser, my iphone, the printed paper, or the showroom (yes– I mixed channels there, that was on purpose).  This point doesn’t have anything to do with the .mobi domain specifically, until you see the next point…

Convenience – Iam lazy.  All customers are.  Personally, I blame a service-oriented economy and our advanced democracy: if I can pay a little money and avoid headaches, I’ll pay just about every time.  Companies know this, and are constantly adjusting those services for which they charge money (because the convenience is valuable but not necessary), and those services which simply make money on their own, because the convenience greases the skids on separating me from my cash.  Mobile websites are definitely in the latter category.  Customers can be anywhere and now simply tap into the endless market with a few keystrokes or voice commands.  This is the crunch point: every additional finger tap required costs people to give up.  Each diad of information imposed upon the customer to remember costs lost sales.  There’s no way I am typing in ‘foo.mobi’ instead of just ‘foo’.  You’re lucky I type anything at all– I want to get to the point where I simply speak ‘foo’ into my phone, or just wave ‘foo’ in front of the camera.

Branding – A domain broker has been calling me every week asking if we are interested in buying a common-word domain related to our industry.  They’re asking a huge amount of money.  Every week, the answer is the same: nope.  Not that I don’t think the domain could get some decent traffic (it could, and I actually calculated out a value).  The problem is that the word is not part of our branding. It’s not consistent.  The same thing goes for the .mobi domains: unless you’re an emo musician from New York, the domain has nothing to do with your brand– the ‘.com’ is the runaway default.

So, get that mobile website up and running.  Make sure it’s convenient, but don’t bother with the .mobi domain, just make sure your IT geeks are smart enough to have an automatic redirect that senses the customer’s device and directs them to the native version.

Comign up next: why you don’t need or want a mobile app.

250px-suica.jpgI recently came back from an extended stay in my other home, Tokyo.  While there ,we did the usual daily things: ride the train, buy groceries, get lunch, eat sushi, watch Godzilla movies (well, okay, just once).  Here’s the thing: we only used a credit card maybe 3-4 times over 10 days, and used actual cash even less.  Everywhere we went, we used our Suica card.

This thing is metal, the size of a credit card, and uses contactless RFID to talk with whatever cash register is nearby.  Japan Rail started using Suica on the train wickets 10 years ago (traditionally, the choke point of inefficiency in any station) in order to speed people through before they get packed in like sardines (you’ve seen the pics before, and yes– it’s true).  From there, it soon spread to the convenience kiosks on the platform, the convenience stores next door, and now looks pretty ubiquitous anywhere within a kilometer of the station (which means everywhere except your grandma’s house).

Visa and Mastercard never got very far in Japan (compared to marketshare in the US).  JCP (a Japan-specific credit card) had a good run, but looks to be shrinking to second-class status like Discover Card.  Cash was always king: I used to walk around with the equivalent of $500 in my back pocket; most Japanese had $1000 on them at any given time.  Big cash + crowded trains = pickpocket’s dreamland.  I couldn’t ever figure out why crime was so low.

But enter the Suica– it’s got both Cash and Credit Cards beat:

  • can be loaded up with credit via monthly automatic deposit, cash in an ATM, or even cash-back from some POS
  • personally stamped with your daily commute route
  • same size as a credit card
  • no numbers or identity to be stolen
  • MUCH MUCH faster than a credit card transaction

visa1.jpgThat last point is the killer.  To buy anything, all we had to do was tap this thing inside a circle on the glass counter, as if we were beknighting the transaction,  done.  Meanwhile, a credit card requires a swipe, a printout, the hostess signing the receipt, and we (the buyer) countersigning.  I know that some US places are just accepting the one swipe under a given amount (no signing required under $25 or so), but it’s still slower.

My prediction: Suica or other RFID cards are coming to the US soon (some are already here).  They’ll take a good chunk away from Visa corporation, especially in mass-transit towns like Boston, NYC, DC, and/or San Francisco.  My money is on Boston or San Francisco, especially if they can figure out a way to build community-centric bullshit around the card.

If I were Yelp, I would be teaming up with JR on bringing a branded card to SFO right away.

© 2010 Dave Jenkins contact me via twitter @davejenk1ns or via email blog at davejenkins dot com Suffusion WordPress theme by Sayontan Sinha