Marchex Builds On Small Business Marketing Leadership through Multi-year Relationship with Dow Jones Local Media Group to Sell Reputation Management Product; Adds Four New Content SourcesThursday, June 10th, 2010
New partner to sell Marchex Reputation Management to local business customers; Marchex to receive unique content, increase local business listings data footprint to nearly half-a-billion items
SEATTLE–(BUSINESS WIRE)–Marchex, Inc. (NASDAQ: MCHX), a call advertising and small business marketing company, today announced that it has entered into a relationship with Dow Jones Local Media Group, a Dow Jones company focused on publishing information for local communities. The relationship involves two key elements:
“Companies must be able to ensure the information about them in the digital world is accurate. And they need a product that provides them with an intelligent, dynamic feedback loop so they can be up-to-date regarding customer feedback from reviews, blog mentions and across social media.”
|(1)||Marchex will provide Dow Jones Local Media Group with a private-labeled version of the Marchex Reputation Management product, which it will sell to its small business customers on a monthly subscription basis and/or bundled with other Dow Jones Local Media Group product offerings; and|
|(2)||Marchex will continue to receive unique content and information from Dow Jones Local Media Group as well as from other new content partners, including CitySquares, Joy of Spa and Measured Up, for inclusion in Marchex Reputation Management, which will benefit users by broadening the local business listing meta-data footprint of the product to nearly half-a-billion items (e.g., user reviews, listings, mentions on blogs and social media).|
“Reputation management is a critical tool to help small businesses be more efficient and competitive in business. We strive to offer our advertisers the most cutting-edge and effective solutions for their needs, and as the market leader, Marchex Reputation Management fits that bill,” said Patrick Mullen, product manager for interactive marketing services at Dow Jones Local Media Group. “Companies must be able to ensure the information about them in the digital world is accurate. And they need a product that provides them with an intelligent, dynamic feedback loop so they can be up-to-date regarding customer feedback from reviews, blog mentions and across social media.”
As user-generated reviews continue to become more prevalent with consumers, local businesses are seeking ways to leverage this opportunity to ensure their online reputations are both preserved and enhanced. Marchex’s Reputation Management product enables small businesses to easily understand, manage and improve their online reputation, allowing them to expand product offerings, build loyalty with customers and generate more revenue.
Reputation Management Market:
According to a new BIA/Kelsey local advertising forecast, the E-mail, Reputation and Presence Management (ERPM) category is expected to grow from $460 million in 2008 to $3.1 billion in 2013. Additionally, the number of SMBs using ERPM will increase from approximately 500,000 to nearly 4 million during the forecast period.
Marchex Reputation Management Product
Marchex Reputation Management is the first major extension of Marchex’s small business marketing products, expanding the Marchex footprint beyond full-service search engine marketing to include comprehensive sentiment analytics.
Marchex Reputation Management was built using proprietary local search technology. Covering more than 8,000 sources and containing nearly half-a-billion pieces of local business listings meta-data, the product monitors and reports on a specific business’ online footprint, including its user reviews and news, blog and social media mentions and activities, providing small businesses with an unparalleled information advantage and a 360-degree view of customer sentiment and industry trends. Key product features include:
- Alerts: E-mail alerts allow business customers to be notified when online information about their company—or competition—is added or changed.
- Broadcast: Business customers can share positive news and reviews with customers and employees through a variety of sources, including email, Digg, Facebook and Twitter.
- Competitive Marketing Analysis: Business customers can compare themselves to other local businesses in a variety of ways while including different measures, applying graphs and easy-to-grasp visuals.
- Reviews and Mentions: Information is provided on positive and negative sentiment from customer reviews, as well as intelligence on sentiment trends.
- Search Keyword Identification: Top terms and phrases from consumer reviews are identified to differentiate the business.
“For a small business, time is at a huge premium. This reputation management product provides an easy, quick way to find out what people are saying about my company without having to click through to a dozen or more different sites,” said Craig Abplanalp, vice president of Seattle-based custom home theater and audio firm, Definitive Audio. “There’s one dashboard, so you don’t have to do a lot of work to find out the good, the bad and the ugly, and in turn to decide what to do about it from a business perspective.”
“Understanding the digital footprint and customer sentiment is a critical component of local advertising that businesses cannot afford to ignore,” said Brooks McMahon, senior vice president of small business marketing products at Marchex. “Our Reputation Management product gives businesses the opportunity to efficiently monitor these elements and the intelligence to help them prioritize customer-focused activities and marketing efforts to grow their business.”Marche