User-generated content and other web 2.0 trends, one would think, are mostly driven by teenagers and young adults. On the contrary. Here is an interesting research lead by Harrison Group (an independent research services firm) conducted from February through March 2007, showing that both the old and young generations enjoy reading magazines and are receptive to print ads. Additionally 51% of U.S. consumers are interested in watching and reading user-generated contents.
Harrison Group categorizes them as young Millennials (ages 13 to 24), Generation X (25 to 41), Baby Boomers (42 to 60) and older Matures (61 to 75). Here are some of the findings (read more on Deloitte site and Are you ready for the future of media? ):
High Demand for User-Generated Content
- 40 percent of all survey respondents are making their own entertainment (editing movies, music and photos)
- 25 percent of Matures
- 56 percent of all Millennials; leading Millennials (18-24) participate more
- More than one in 10 Millennials are actively uploading their own videos on the Internet
- 51 percent of all survey respondents are watching/reading content created by others
- 71 percent of Millennials, 56 percent of Xers; Boomers/Mature participation is less, but noteworthy
- 53 percent of Millennials would download more videos if connection speeds were faster
- One-third of online content viewing is done on user-generated sites
- Almost ¼ for Matures, ½ for Millennials
This reinforces our belief that user-generated content is expanding its impact on several industries as media, software, music, videos, TV, … Stay tuned for more.
By the way, let’s celebrate our first Marketing 2.0 birthday. It’s been already a year since I started my English-French blog about Marketing in the web 2.0 era. Thanks to you this blog is spanning its influence in many countries and I enjoy many more subscribers every day. Keep it growing. Thanks to you all.
It’s been a while since we didn’t bend back on numbers. Here are some good news on the online ad spend for 2007, coming from emarketer.com, that I wanted to share with you. If you don’t want to read it all, here is a quick summary:
- eMarketer is raising its 2007 forecast from $19.5 billion to $21.7 billion i.e. from 18.9% to 28.6% growth closer to the 30% growth seen for the last 3 years
- they even see 2008 stronger with 30% growth to a total $28.8 billion, thanks to the US presidential elections
- 2009 will slow down a bit to 18.1%,
but hey they’ve been pessimistic for 2007 so let’s wait and see. Here is the quote I like most:
” Online advertising as a share of the total media budget will surpass radio this year, eMarketer said, and top 10% next year.” — Advertising Age, June 2007
Come on, one last to hit the road: WW user-generated content sites will earn $1.6 billion in ad revenue for 2007 moving to $8.2 billion in 2011, predicts eMarketer. Marketing 2.0 finally makes money, isn’t it?
The blogosphere is just expanding like crazy. But you might wonder: what are the numbers? Thanks to Technorati, delivering numbers on a quarterly basis, here are the latest trends released and commented by Dave Sifry in his post The State of the Live Web last week:
- 70 million blogs are currently tracked
- About 120,000 new blogs are created each day, or…1.4 new blogs every second
- 3000-7000 new splogs (fake, or spam blogs) created every day
- Peak of 11,000 splogs per day last December
- 1.5 million posts per day, or…17 posts per second
- Growing from 35 to 75 million blogs took 320 days
- Japanese the #1 blogging language at 37%, English second at 33%, Chinese third at 8%, Italian fourth at 3%, Farsi a newcomer in the top 10 at 1%
- English the most even in postings around-the-clock
One quote gives you a feel for whether blogs are a fad or here to stay:
“Since our last State of the Blogosphere report in October 2006, we’ve seen a slowing in the doubling of the size of the blogosphere. This shouldn’t be surprising, as we’re dealing with the law of large numbers – it takes a lot more growth to double from 35 million blogs to 70 million (which took about 320 days) than when it doubled from 5 million to 10 million blogs (which took about 180 days).” — Dave Sifry
Interesting as well is the popularity of blogs compared with traditional or media websites. During Q3 2006 there were only 12 blogs in the Top 100 most popular sites, in Q4 this is rising to 22. Even more, the audience tends to distinguish less and less blogs from official media sites as NYTimes and considers blogs as news providers. Is this the rise of Press 2.0?
Enjoy and spread the numbers out there. Blogs should be part of your Marketing 2.0 dashboard.
It is the right time of the year to take a look back at what we thought were going to be the trends for this ending year. McKinsey is doing it in a number of areas — read Ten trends to watch in 2006 for all of it — but one of them caught my attention as we discussed it many times in Marketing 2.0 — check User Generated Content label and on Marketing 2.0.
Capitalizing on customer insights is probably the one dimension that gave Marketing in the web 2.0 era, a.k.a. Marketing 2.0, a clear paradigm shift. Read McKinsey Capitalizing on customer insights article about it. As McKinsey points out, we need to embed customer insights in the organization’s key decisions from sales planning to marketing investment. It cannot remain anymore an isolated research belonging to a specific division within our marketing department.
When considering on-line marketing and customer engagement, it even becomes a real-time discipline. Yes, Marketing 2.0 is to be managed real-time, leading to a real-time business adaptation. No need here to even remind you about these newly created companies betting their full business model on this user generated content (Flickr, YouTube, …).
Capitalizing on customer insights is no longer “nice to have” but clearly moved in the “must have” category for all of our businesses.