An interesting article over at the Chicago Tribune give an primer to the newly dubbed SoLoMo sector (social-local-mobile) and asks if the winning strategy is to clone and conquer…
Nice nostalgic flash-back from the MD of Chicago incubator Sandbox, Nick Rosa, on how social got commerce. “Commerce was sort of frowned upon in the social phenomenon [back then]. It wasn’t about the business model and whether you sell things, but it was supposed to be about the social need.” What were we thinking?
Click for enlargeable image.
WordSpy entry for SoLoMo
SoLoMo n. Mobile phone apps that combine social networking and location data. [Social + location (or local) + mobile.]
Example Citations:
“As South by Southwest bears down, we’re seeing accelerated promotion of products that fuse social, local and mobile media (SoLoMo). This follows the success that Foursquare had at SXSW ’09, before quickly expanding to its current 7.5 million users.
This also falls in line with the mobile discovery trend long-espoused in this column. It’s now taking on new forms with growing smartphone penetration, and a Groupon-fueled hunger for the deals infused with apps carrying the SoLoMo banner”.
—Michael Boland, “Discovering the Right SoLoMo Formula,” Search Engine Watch, March 11, 2011
“One of the panel moderators at Social-Loco cited a term coinage by noted Silicon Valley investor John Doerr that’s more useful to understanding what Google is up to than the concept “social” alone: SoLoMo, or social + location + mobile”.
—Thomas Claburn, “Google Defines Social Strategy,” InformationWeek, May 6, 2011
Earliest Citation:
I last wrote about Social Local Mobile Search (there’s a moutful) in October of last year.
—Tony Gentile, “Google buys Dodgeball; SoLoMo gets a parent,” buzzhit!, May 12, 2005
[…] SoLoMo n. Mobile phone apps that combine social networking and location data. [Social + location (or local) + mobile.] via socialcommercetoday.com […]
[…] algo nuevo. Sites sociales como Facebook o Foursquare, buscadores como Google u otros como Groupon ya se han preparado para afrontar al nuevo consumidor, por qué si tenemos ahí el mechero, preferimos hacer fuego como […]
Nice post social commerce today,
I’m still not convinced SOLOMO is the future of digital as many speculate however it will certainly play it’s part. Brands just need to start thinking a little more intelligently than simply offering huge irrelevant discounts.
Offer true reciprocity that includes great engaging content, super relevant offers and has the right balance between push and pull for success. Read more here – http://www.searchmuse.com/blog/2011/10/30/solomo-portmanteau.html
[…] SoLoMo for dummies chez Social Commerce Today – [Infographie] SoLoMo, la trilogie du consommateur moderne chez Web Sourcing – L’avenir de […]
[…] the players, all of whom are well known even if some are corporate infants. This infographic from Social Commerce Today positions them in the […]
[…] users to use GPS on their mobile phones “check-in” at their current location. The term SoLoMo has been coined to describe the fusion of social media, local commerce, and mobile connectivity […]
India’s SoLoMo platform is here. DealChaat is a do-it-yourself platform for small retailers to directly publish and manage promotions, and delivered through a location-aware smartphone app.
This is the future in emerging markets where smartphone sales have already gone over the tipping point. Check http://www.dealchaat.com which we hope will be the Facebook of SoLoMo. Cheers and thanks for a great article!!