Explore America Pitch Deck

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AN INVESTMENT OPPORTUNITY UPDATE Confidential and Proprietary - © 2020 Explore America LLC - All Rights Reserved EXPLORING THE UNTAPPED POTENTIAL OF SMALL-TOWN AMERICA January 2020

CONTENTS

1. Evolution of the Business Model

2. Launch of Land.US

3. Brand Development for Explore.US

4. Monetization Strategy for Explore.US

5. Launch Strategy and Market Launch List

Next Steps and Go Forward Plan

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EXPLORE AMERICA TEAM

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THE RICHARDS GROUP - EXPLORE AMERICA TEAM

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1. EVOLUTION OF THE BUSINESS MODEL

EVOLUTION OF THE BUSINESS MODEL

Explore America began with a simple, straight-forward concept. Create a network of 24,000 community sites linked together featuring over 25 million business listings. A powerful idea that enabled a hyper-local connection to entities all across the U.S.

With further market research and analysis, we uncovered key insights that we strongly believe will ultimately differentiate us from the myriad of existing digital resources.

There is universal desire and need for authentic, original content covering the best of what small town America has to offer.

So we shifted our digital strategy to a three-tiered approach to provide the type of content and digital experience users desire, with the breadth and depth of information resources users need.

The following outlines our evolved approach and the supporting primary and secondary market research, brand development and technology development roadmap that will lead to our continued success.

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RELEVANT CASE STUDY

No one doubts the incredible track record of success for Amazon.com, Inc.

With a current market cap over $900 billion, they have achieved phenomenal business results. But the initial efforts of Jeff Bezos was actually not that impressive. Until he made a subtle strategy shift, and learned to embrace. “the long tail”.

Back in 1997, Bezos battled the then major publishing houses for dominance in online book selling. The strategy for the big publishers was to carry the top 500 our so titles and not care about the other 10,000 other infrequently requested titles in print. Bezos carefully studied customer requests and online search behavior and saw that while infrequently ordered, people still really cared about the one book they wanted within those other 10,000 titles.

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RELEVANT CASE STUDY

Amazon quickly shifted their strategy and “virtually” carried those other titles through ingenious drop ship agreements and reseller programs. This allowed the site to carry “every book from A to Z” and meet all the needs of their customers, thus building incredibly strong customer loyalty and online buzz. The rest of this story is of course, e-commerce legend.

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EVOLUTION OF THE BUSINESS MODEL

OUR NEW THREE-TIER DIGITAL ECOSYSTEM

Our “Long Tail” network of 50 state/community sites featuring over 25 million business listings. Scope: 24,000 Dynamically Generated Sites

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EVOLUTION OF THE BUSINESS MODEL

OUR NEW THREE-TIER DIGITAL ECOSYSTEM

Our new marquee brand designed to celebrate the best of all that small-town America has to offer.

Scope: 2,500 - 3,000 Curated Small Town Sites

Our “Long Tail” network of 50 state/community sites featuring over 25 million business listings.

Scope: 24,000 Dynamically Generated Sites

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EVOLUTION OF THE BUSINESS MODEL

OUR NEW THREE-TIER DIGITAL ECOSYSTEM

Our new marquee brand designed to celebrate the best of all that small-town America has to offer.

Scope: 2,500 - 3,000 Curated Small Town Sites

Our “Long Tail” network of 50 state/community sites featuring over 25 million business listings.

Scope: 24,000 Dynamically Generated Sites

Our B2B property search engine designed to fuel transactional activity for rural properties.

Scope: 9,000 Properties For Sale Across 16 States

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2. LAUNCH OF LAND.US

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3. BRAND DEVELOPMENT FOR EXPLORE.US

OUR PROCESS

DISCOVERY SPHERICAL® BRANDING DIGITAL STRATEGY DIGITAL EXPERIENCE PRODUCTION LAUNCH PRELIMINARY STRATEGY REVIEW 19

OUR PROCESS

DISCOVERY

PRELIMINARY STRATEGY REVIEW

SPHERICAL® BRANDING

DIGITAL STRATEGY

DIGITAL EXPERIENCE PRODUCTION LAUNCH

We Are Here

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WHAT

IS EXPLORE.US AND WHOM IS IT FOR?

Explore.US allows users to find new small towns to visit and helps them discover the best of what each has to offer

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SIMPLY PUT…

REASONS FOR TRAVEL

Slowing down/relaxing, escaping, and making memories are the three most common reasons for travel

Reason For Most Recent Domestic Overnight Leisure Trip

Other Reasons

Total Reason

16 8 10 7 10 2 3 2 21 20 17 9 5 10 6 4 37 28 27 16 15 12 9 6 0 25 50 75 100
slow down and relax To escape To make memories To explore Adventure/To try something new It's a tradition For a celebration
was a good deal
learn something new
To
It
Education/To
up on lost time
To catch
Main Reason
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REASONS FOR MOVING

Main Reason

Other Reasons

Total Reason

Base: Total Past Year Movers M1. Which, if any, of the following were the reasons for moving? M2. And which of these was the main reason for moving? 20 11 11 12 6 2 5 3 0 0 10 17 13 10 11 10 2 5 7 2 30 29 24 22 17 12 8 8 7 3 0 25 50 75 100 For a new start Quality of life New job or work relocation Cost of living
closer to family
larger home Schools
Making a “new start,” an improved quality of life, a new job/relocation, and cost of living are the most common reasons why people move
Be
Wanted
land/to
rural area
Downsizing Weather Retirement
Wanted more
be in a
Other
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CATEGORY TRENDS

WHAT IS THE TREND?

WHY DOES IT MATTER?

HOW CAN IT INFORM OUR APPROACH?

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status was once measured by the tangible things one possessed, it has shifted to valuing the experiences one has had In a trend started by Millennials, people are spending more on things like travel, concerts, events, and dining

WHAT IS THE EXPERIENCE ECONOMY?
EXPERIENCE ECONOMY 1 26

WHAT IS THE EXPERIENCE ECONOMY? EXPERIENCE ECONOMY

of Millennials prefer to spend more money on experiences than on material things

43% of people save their money to travel more often, while only 13% are saving for a house deposit

77% of people say some of their best memories are from an event or live experience they attended or participated in

Source: 1Millennials Ignited The Experience Economy. Here Is How To Cash In, Inc.com, 2018

2 Culture Trip Beyond Borders, May 2019 3 Fueling the Experience Economy, Eventbrite, 2017

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TIME IS OUR

PRECIOUS COMMODITY, SO DON’T WASTE IT

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MOST
8 IN 10 AMERICANS SAY THEY ARE FREQUENTLY AFFLICTED BY STRESS DURING THE DAY Source: Gallup, Eight in 10 Americans Afflicted by Stress, 2017 29
Source: Travel and Leisure, Hotels.com study, Millennials Are Going on the Same Vacations Because They’re Too Tired to Research 30
56% of young professionals say they won’t take time off work for fear of projects piling up

of their intended trips this year

Source: Stylus, Ethical Travel’s Mainstream Breakthrough Toward Our Sustainable Future, June 6, 2019

CULTURE OF BUSYNESS 2
U.S. staycations are most popular among Millennials and will account for 50%
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80% of Americans say that they notice significant drops in stress after just two days of traveling

Source: Forbes, Five Reasons Why Travel Is Good For Your Mental Health, 2018

CULTURE OF BUSYNESS 2
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Small-town travel is the top travel trend of 2019

In 2019, searches relating to small-town travel increased by 276% according to an annual report released by Pinterest

RURAL AMERICA RISING 3
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OF AMERICANS ACTIVELY AVOID PLACES TOURISTS GO

Source: Culture Trip Beyond Borders, May 2019

RURAL AMERICA RISING 3
42%
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RURAL AMERICA RISING 3 35

WHAT ABOUT THE EXPLORE.US BRAND?

SPHERICAL® BRANDING – DISCOVERY

Key

CATEGORY COMPANY CONSUMER Insight from stakeholder interviews Competitive analysis User journey and concept testing with Russell Research
trends affecting Travel Moving Local life 37

Brand vision

Celebrate small-town life

Brand positioning

To seekers of authenticity,

Explore.US is the inspiration resource that opens the door to the best experiences of smalltown America.

Brand personality

Insightful, genuine champion

Brand affiliation

Explorers

EXPLORE.US SPHERICAL® BRAND PROMISE
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NEW SITE CREATIVE IN DEVELOPMENT 39
NEW SITE CREATIVE EXPLORE.US — STATE LEVEL PAGE 40
NEW SITE CREATIVE - EXPLORE.US 41

4. MONETIZATION STRATEGY FOR EXPLORE.US

MONETIZATION OVERVIEW

In an effort to create a great experience for both the user and the advertiser, we brainstormed ways to effectively leverage content throughout the interface of the MVP site

We want to ensure that the sponsored units are seamlessly integrated into the user experience and provide value to the users, as well as the sponsors

In this deck, we have provided specific placements:

Sponsored carousel

Integrated sponsor module

Sponsored business listing

Sponsored stories module

In Phase Two, we will explore opportunities for integration with third party ad networks, native placements, and other forms of monetization

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1. SPONSORED CAROUSEL UNIT

Featured on home page and town pages

This unit allows advertisers to be featured in a unique and large unit with a CTA linking back to their site, or a featured article within the platform

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2. INTEGRATED SPONSOR MODULE

Featured on town pages

This unit will allow larger brands to feature hyperlocal listings or advertisements for their closest stores or events

This type of unit could also appeal to local businesses to promote to audiences within their town or towns near by

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3. SPONSORED BUSINESS LISTING

Featured on town pages

This unit allows advertisers to be ranked higher on the list of businesses and activities

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4. SPONSORED STORIES MODULE

Featured on home page and town pages

This unit allows advertisers to be featured in a unique and large unit with a CTA linking back to their site, or a featured article within the platform

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5. LAUNCH STRATEGY AND MARKET LAUNCH LIST

OUR OPPORTUNITY

Reimagine the digital experience to align with our brand promise

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OPEN THE DOOR TO SMALL-TOWN AMERICA

PRIORITIZE ACTIONABLE INSPIRATION

DELIVER THE BEST AND ONLY THE BEST

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TACTICS

Make the first impression count

Change the way Americans explore small towns

Illuminate the adventures that await our users, both across the country and around the corner

Supercharge the search experience

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OPEN THE DOOR TO SMALL-TOWN AMERICA

PRIORITIZE ACTIONABLE INSPIRATION

Focus on delivering experiences that spark a sense of curiosity, propelling users from apathy to possibility

TACTICS

Invest in high-quality editorial content

Reward users for increased exploration

Surface small but powerful next steps

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DELIVER THE BEST AND ONLY THE BEST

Research and curate the best experiences worth exploring in small-town America

TACTICS

Clearly define our approach

Celebrate the local lifestyle

Fill gaps via strategic partnerships

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RECAP

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EXPLORE.US

The inspiration resource that opens the door to the best experiences of small-town America

OPEN THE DOOR TO SMALL-TOWN AMERICA

Illuminate the adventures that await our users, both across the country and around the corner

Make the first impression count

Change the way Americans explore small towns

Supercharge the search experience

PRIORITIZE ACTIONABLE INSPIRATION

Focus on delivering experiences that spark a sense of curiosity, propelling users from apathy to possibility

Invest in high-quality editorial content

Reward users for increased exploration

Surface small but powerful next steps

DELIVER THE BEST AND ONLY THE BEST Research and curate the best experiences worth exploring in small-town America

Clearly define our approach

Celebrate the local lifestyle

Fill gaps via strategic partnerships

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HOW CAN WE SCALE INTO THIS EXPERIENCE IN OUR FIRST YEAR?

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CRAWL, WALK, RUN

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IMAGINING EXPLORE.US

Redesign and relaunch

Transform the site experience through a mobile-first user interface

Limited coverage of small-town America

Focus on rapid testing and learning around key conversion paths

Develop scaleable process for creating high-quality content

Analytics integration

CMS, CRM, and ESP integration

Basic accessibility

Basic search functionality

Develop needed advertising tech stack

IN CRAWL: MONTHS 1-4
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IMAGINING EXPLORE.US

Expansion

Coverage of 25 states

Focus on scaling efforts that have proven successful

Implement needed advertising tech stack; continue to prepare for systems needed in run phase

Scale site direct advertising via digital display, sponsored content, and promoted business listings

Basic audience targeting and performance reporting

Explore partnerships to fill content gaps

Implement needed UI updates

CRM testing and learning

UGC testing and learning

Enhanced search functionality

IN WALK: MONTHS 5-8
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IMAGINING EXPLORE.US

Maturation

Coverage of all 50 states

Continue to scale site direct advertising; introduce advertising networks and exchanges

Advanced audience targeting and performance reporting

Partners begin to contribute relevant content/data

Implement needed UI updates

Begin to explore website personalization

Ongoing optimization by segment

Explore new revenue streams and distribution channels

IN RUN:
MONTHS 8-12
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MARKET LAUNCH LIST

To align on the desired list of 25 small towns to launch with in Texas, the team designed a decision grid that first ranked locations within a 60-90 minute radius from major metro areas (off the beaten path).

We then developed criteria to support the content sections (Must Eat, Must Do, Must See and Must Stay) with over 60 unique parameters.

This allowed us to cherry pick the following list of highly desired towns:

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NEXT STEPS AND GO FORWARD PLAN

TIMELINE

The first three phases will lead up to launch and go through the completion of the Crawl phase

Phase 1: October 2019

Determine year one spend levels across paid media, content, and digital development

Align on small-town launch and expansion strategy Develop functional requirements document Perform technical discovery and provide recommendations

Concept website

Align on website content to feature

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TIMELINE

The first three phases will lead up to launch and go through the completion of the Crawl phase

Phase 1: October 2019

Determine year one spend levels across paid media, content, and digital development

Align on small-town launch and expansion strategy

Develop functional requirements document Perform technical discovery and provide recommendations

Concept website

Align on website content to feature

Phase 2: Nov-Dec 2019

Build the website

Capture content for Crawl phase

Populate the site with content

Review and update analytics implementation

Build preliminary email plan

Create social channels

Finalize media plan

Finalize PR and outreach plan

Concept and build ad creative

Develop site testing plan

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TIMELINE

The first three phases will lead up to launch and go through the completion of the Crawl phase

Phase 1: October 2019

Determine year one spend levels across paid media, content, and digital development

Align on small-town launch and expansion strategy

Develop functional requirements document

Perform technical discovery and provide recommendations

Concept website

Align on website content to feature

Phase 2: Nov-Dec 2019

Build the website Capture content for “Crawl” phase

Populate the site with content

Review and update analytics

implementation

Build preliminary email plan

Create social channels

Finalize media plan

Finalize PR and outreach plan

Concept and build ad creative

Develop site testing plan

Phase 3: Jan-Apr 2020

Launch redesigned site in open beta Generate qualitative/quantitative feedback

Update core elements of the UI/IA design

Revise hypothesis tracker

Develop site updates needed in Walk phase

Capture content for Walk phase

Stage content on Explore.US

Launch paid media

Launch on Facebook and Instagram

Notify users/advertisers of expansion plan

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TIMELINE

The next three phases highlight steps that need to be taken in the Walk and Run phases, along with those that need to be considered in 2021 and beyond

Phase 4: May-Aug 2020

Implement site updates

Optimize paid media

Capture Run phase content

Stage content on Explore.US

Develop site updates needed in Run phase

Continue website testing

Explore additional strategic partnerships

Begin segmenting user lists

Build deeper email personalization

Expand social presence to YouTube and Pinterest

Notify users/advertisers of expansion plan

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TIMELINE

The next three phases highlight steps that need to be taken in the Walk and Run phases, along with those that need to be considered in 2021 and beyond

Phase 4: May-Aug 2020

Implement site updates

Optimize paid media

Capture Run phase content

Stage content on Explore.US

Develop site updates needed in Run phase

Continue website testing

Explore additional strategic partnerships

Begin segmenting user lists

Build deeper email personalization

Expand social presence to YouTube and Pinterest

Notify users/advertisers of expansion plan

Phase 5: Sep-Dec 2020

Implement site updates

Introduce advertising networks/exchanges

Optimize paid media

Develop needed site updates

Continue website testing

Implement new strategic partnerships

Perform ongoing email optimization by segment

Explore new revenue streams and distribution channels

Notify users/advertisers of expansion plan

Plan for 2021

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TIMELINE

The next three phases highlight steps that need to be taken in the Walk and Run phases, along with those that need to be considered in 2021 and beyond

Phase 4: May-Aug 2020

Implement site updates

Optimize paid media

Capture Run phase content

Stage content on Explore.US

Develop site updates needed in Run phase

Continue website testing

Explore additional strategic partnerships

Begin segmenting user lists

Build deeper email personalization

Expand social presence to YouTube and Pinterest

Notify users/advertisers of expansion plan

Phase 5: Sep-Dec 2020

Implement site updates

Introduce advertising networks/exchanges

Optimize paid media

Develop needed site updates

Continue website testing

Implement new strategic partnerships

Perform ongoing email optimization by segment

Explore new revenue streams and distribution channels

Notify users/advertisers of expansion plan

Plan for 2021

2021 and beyond

Evaluate how broad and deep to make the experience in terms of towns/experiences covered

Focus on building firstparty data; use it to uncover new value for users and advertisers alike

Consider growth opportunities for domestic and international expansion

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CONCLUSION

Together, we will become the greatest community discovery platform!

One fully integrated platform delivering ad revenue across:

2,500 - 3,000 Curated Small Town Sites

24,000 Dynamically Generated Sites

9,000 Properties For Sale Across 16 States = One fully integrated investment opportunity!

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