‘Outside the four walls of a restaurant’: Why The Infatuation cooked up a marketplace model during the pandemic
By Max Willens
Last week, the food and dining-focused publisher The Infatuation added something notable to its menu, rolling out its first marketplace of goods and services.
Called Outpost, the marketplace offers a mix of over 60 different products and services, many of them Infatuation exclusives, across a wide range of prices. A customer can get an “anti-social brunch” for two for just $50, or spend $5,130 on a four-person, white truffle-focused meal celebrating the feast of St. Vincent, the patron saint of Champagne. The independent, venture-backed The Infatuation takes a cut of about 8% of each sale, though its share differs depending on the product.
Outpost’s initial revenue impact is likely to be limited — it is available in just one of the 12 cities that the Infatuation covers (New York City), and it will not supplant or replace the brand partnerships and experiential businesses that drive most of the Infatuation’s revenue, CEO Chris Stang said. But Outpost is part of a much bigger move into commerce that it expects to continue, even after in-person dining and events start to become normal again next year.
“We think demand [for Outpost] exists in a post-COVID world,” said Nell Potter, who heads up Outpost in addition to serving as general manager of Zagat, which the Infatuation bought from Google in 2018. Potter said that she thinks Outpost could expand into Chicago and Los Angeles next.
The idea for Outpost first emerged this summer, Potter said, as she and her colleagues were trying to figure out ways to serve the Infatuation’s audience as restaurants stayed closed to in-person dining and brands remained leery of sponsoring large gatherings. Earlier that year, in April, the Infatuation had laid off 15 of its 90 employees.
“We started thinking about the opportunities that exist outside the four walls of the restaurant,” Potter said. “We knew that our audience missed going to restaurants; they were missing the way to interact on a deeper level.”
So a team led by Potter began reaching out to small pockets of the Infatuation’s newsletter subscribers to gauge their interest in different kinds of services, ranging from virtual classes to curated grocery boxes.
Over time, the possibility of a marketplace emerged, though its offerings have changed as the second wave of coronavirus has built. At the outset, Potter said that Outpost had been evenly balanced between in-person experiences and goods, but today offerings are more tilted toward goods or virtual offerings, all offered by restaurants or culinary talents that the company has already vetted.
Like every other consumer-facing publisher, the Infatuation made some big changes this year to adapt. Its events and experiences business, which played a key role in both its advertising and membership businesses — the company hosted more than 65 events in 2019 — had to scale back dramatically in the face of local coronavirus restrictions.
“Being that our business is covering restaurants, a lot changed really quickly,” Stang said. “We had to help people make decisions inside their home, not just outside …read more
Source:: Digiday