Spot Runner will keep national sales in-house, while Yodle pitches its TV and radio media platform to its 6,000 local advertisers.
New York-based online local ad network Yodle> has been chosen by national ad services company Spot Runner to provide local ads in a deal that will bring a bevy of new customers to the fast-growing Yodle while allowing Spot Runner to maintain a local ad presence.
Formed in 2005, Yodle has about 6,000 clients, said Joel Laffer, Yodle's senior director of marketing and business development. He would not reveal the privately held companyÃÂ¢Ã¯Â¿Â½Ã¯Â¿Â½s annual revenue but said there are slightly more than 300 employees and that the average Yodle customer spends $1,000 per month. Laffer said Yodle grew 700 percent from 2007 to 2008 and has grown an additional 200 percent so far this year.
Spot Runner is a media buying platform over which small- and medium-sized companies can purchase media on TV and radio. Earlier this year, the company laid off 60 people and sold the assets of Weblistic, a local search ads provider it had acquired in 2008. In a statement announcing the Yodle partnership, Spot Runner President John Gentry said the deal will allow his company to focus on its Malibu Media Platform and on its national advertisers.
Yodle won the pact after its performance was tested in a pilot program.
Laffer noted that demand for local advertising continues to increase even as the economy struggles. "There's this huge shift happening for consumer eyeballs," he said. "A ton of people are shifting from offline to online in terms of looking for local businesses and small biz owners are now shifting with those eyeballs." Yodle will build Web sites for local advertisers, if they need them, and optimize their current sites. IT places local search ads on Google, Yahoo, Bing, AOL City Guide, Ask and about 75 other sites, said Laffer.
On the heels of a fantastic event in New York City, ClickZ Live is taking the fun and learning to Toronto, June 23-25. With over 15 years' experience delivering industry-leading events, ClickZ Live offers an action-packed, educationally-focused agenda covering all aspects of digital marketing. Register today!
Hong Kong, May 5-6, 2015
Gartner Magic Quadrant for Digital Commerce
This Magic Quadrant examines leading digital commerce platforms that enable organizations to build digital commerce sites. These commerce platforms facilitate purchasing transactions over the Web, and support the creation and continuing development of an online relationship with a consumer.
Paid Search in the Mobile Era
Google reports that paid search ads are currently driving 40+ million calls per month. Cost per click is increasing, paid search budgets are growing, and mobile continues to dominate. It's time to revamp old search strategies, reimagine stale best practices, and add new layers data to your analytics.
May 6, 2015
12:00pm ET/9:00am PT