Thursday 30 July 2009

Metail

So it's a horrible-sounding term. But it's coming.

Metail is the hybrid of media and retail -- personalized just for you. Retail, after all, is media. It's a channel through which content is delivered. Branded content, entertaining content, useful content.

And as the digital and physical realms mashup into one continuous live experience, a live experience that's increasingly personalized, retailers must morph into metailers.

What do metailers do? They think and behave like media channels AND point-of-sale providers simultaneously. They program ever-changing, sometimes serialized, time-relevant content and context into their physical space. They consistently integrate this programming into online channels and screens, from the desktop to the mobile. Time-relevant programming could include niche-shopping nights (girls night out at Victoria's Secret, gay night at AussieBum) rush hour benefits (instant-pickup pre-bagged groceries, office-to-dinner quick makeover) or sports event shopping (discount for 5 minutes after your team scores) and the like. It also includes personalized, life-moment programming. The High School Graduation, Learning To Drive, and Just Got Engaged life moments suggest any number of personalized promotions and services that could drive sales. Tie ups with movies, games and television properties could make these life-moment programs even more compelling.

Because shopping is as much about entertainment as it is about utility, co-branded in-store experiences provide opportunities for new revenue streams for the metailer. Events, branded content partnerships, and the sale of media space itself are integrated into the economics of the metail business model, as are the data analytics of shopper behavior.

As long as I get a cut of the action, I don't mind if data about my behavior patterns convert into revenue. Metailers must earn the permission to track our behavior in the store by providing extra benefits to us for doing so. Benefits like secret discounts, early-access to promotions and sales, limited edition products, etc. So that over time, metail provides a customized, realtime experience -- and highly engaging reasons to consider and buy -- for each and every one of us.

Tuesday 14 July 2009

To the Serpentine, go!

I'll keep this brief. The Jeff Koons show at the Serpentine Gallery is disturbing, silly and brilliantly smart all at once. He was the reason I decided to become an artist years ago, and the Popeye Series has me wondering why I ever stopped. Just outside the gallery, this year's Pavilion is a masterclass in What Architecture Is (and Is Not.) It reminds you that you're in a physical body, yet have senses and perceptions that can extend beyond your physical self. It's playful and functional and it has the realtime characteristics of simultaneously existing as a virtual experience and a solid object. (In a way, the Koons show does the same thing.)

All in all, a visit is a really good way to spend some precious realtime. In the middle of one of the world's great urban parks, no less. Food for the brain, soul and Flickr photostream.