Attention, Money and the Future of the Internet (Gerd Leonhard at Internet Hungary) - Presentation Transcript
Attention, Money and the
Future of the Internet
‣ Futurist
‣ Strategist
‣ Author & Blogger
www.mediafuturist.com
twitter.com/gleonhard
www.mediafuturist.com
What I do: www.twitter.com/gleonhard
Was...
Is...
A Mobile, Engaged,
Connected Culture
Imagine what this will do to your life...
b i le
o d
M e im e
r -T
a l
h a
S e
R
l
ia o
c e
o id
S V
Social Media and Citizens Action
Social media has created a drastic increase in
transparency, and reduced citizens’ response
time to hours instead of days or weeks
Soon: the Mobile becomes ‘The Internet’
Source: Slideshare
The Success Formula:
Content - Context - Connectivity -
Community - Convenience +++
The irreversible shift in Content & Media
Co
munity
omnterf Con
nv
en
C I ien
ace texte c
Content Timeliness
Curation
Content
And another pricing logic!
Price Users
100
75
50
25
0
Was Will be
It used to be...
“Option”
“Extra”
Default
Soon:
The New
Premium
The new
Normal
Content
is first a Service & an
Experience - and only
then (maybe) a Product.
From Stuff to Bits (1)
From Stuff to Bits (2)
From Stuff to Bits (3)
Content is only ~20% of the Cost
Thanks to Flickr.com/alextorrenegra
From Physical to Digital
From Fixed to Mobile
From Consumers to Users
From Top-Down to Social
From One-Way to Interactive
How commerce has changed
Transaction Transaction
Trust Dominance
Audience Attention
Masses +
Attraction & Money =
Attention Reach
What we can learn from Tripadvisor
Now, Conversation beats Monolog
A new Marketing Paradigm emerges
How will this make money?
Behavior, habit & culture changes
always come first
Monetization is a possible
consequence (not a starting point)
Every large and engaged
audience can be turned into
money.
Social
Media
beats
eMail,
Video beats
Search
Stop Pushing
Start Pulling
In Content, we must now reinvent how get paid!
Source: Universal McCann
Why I have spend $1000+ on iStockphoto
• Good quality images
• Finding the right photo is quick and easy
• The rights (licenses) are cleared
• The price is right (well... mostly)
• I don’t pay just for the content - I
pay for ease of use, peace of mind,
the interface, service & curation...!
Free gets you to
a place where
you can get
paid.
Quote by Fred Wilson, Union Square Ventures www.avc.com
‘Feels Like Free’ Content >> Paid Services
Crucial: Sharing generates Income
The Future: Creators Going Direct
Convergence is finally real
Telecom
TV
Advertising
Internet Mobile
Media
Summary
1. Attract the right people by
publishing relevant
content
2. Get and hold their
Attention, build Trust
3. Think Followers not Users
4. Offer added values to
convert followers into $$
Thanks for your time
email me at gerd@mediafuturist.com
twitter.com/gleonhard
facebook: gleonhard
more presentations at
www.mediafuturist.com
The PDF from my presentation at Internet Hungary 20 more
The PDF from my presentation at Internet Hungary 2009 in Tihany see http://bit.ly/dAnvc. Topics: defining 'broadband culture', why and how attention is the new currency, content 2.0 and the new pricing logic, the shift from mass media to niche media, why conversation beats monolog and why social media is CRM, the shift from push to pull, 'free gets you to the place where you can ask to get paid', how sharing generates income, the future of content, education trends, the end of control, less
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