Archives: Business

Simon Waldman on the danger of ‘End-ism’

Not dead yet: the danger of ‘End-ism’:

But, there is also an underlying thought process going on – what I’ll call ‘End-ism’ – which is a dangerously reductive way of viewing the impact of structural and disruptive change within a sector.  Whenever a business, a medium or a way of doing things that has been dominant for decades faces a profound challenge, perhaps the most significant in its existance, End-ists will automatically declare it ‘dead’ or ‘over’.

Microsoft Office, for example, is officially dead because of Google Apps. Errr, except it isn’t. Office – for all it’s flaws – is still the cornerstone of a $19bn business within Microsoft. And Powerpoint, Word, Excel and Outlook are the average office worker’s equivalent of the major food groups: unless they get them all regularly, they get crotchety and start to look pasty.

End-ists are also normally rampant neophiliacs. So blinded by their love of something new, that they forget the rest of the world is still  devoutedly wedded to the old. [I should add at this stage, I speak from some experience here].

The problem with this thinking is that the new doesn’t automatically mean the end of the old.

Creative Disruption

The fragmenting Internet in action

Read this:

The future of the internet: A virtual counter-revolution | The Economist:

The trend to more closed systems is undeniable. Take Facebook, the web’s biggest social network. The site is a fast-growing, semi-open platform with more than 500m registered users. Its American contingent spends on average more than six hours a month on the site and less than two on Google. Users have identities specific to Facebook and communicate mostly via internal messages. The firm has its own rules, covering, for instance, which third-party applications may run and how personal data are dealt with.

Apple is even more of a world apart. From its iPhone and iPad, people mostly get access to online services not through a conventional browser but via specialised applications available only from the company’s “App Store”. Granted, the store has lots of apps—about 250,000—but Apple nonetheless controls which ones make it onto its platform. It has used that power to keep out products it does not like, including things that can be construed as pornographic or that might interfere with its business, such as an app for Google’s telephone service. Apple’s press conference to show off its new wares on September 1st was streamed live over the internet but could be seen only on its own devices.

And then read this:

According to sources familiar with Facebook’s platform, the social networking giant essentially denied Apple’s Ping access to application programming interfaces that would allow it to search for an iTunes user’s friends on Facebook who also had signed up for Ping.

 

South London Post: July 2010 update

So, back from a week’s holiday and now’s the time to do the monthly update on the South London Post, my “meta-local” publishing project which I blogged about at length last month.

First of all, the realities of micro-publishing. Taking a week’s holiday means your site shuts down, and I can’t tell you how profoundly dissatisfied I’ve been about that. Doesn’t sit right at all. Perhaps I can do something about that some day.

Which leads to the second point. As I said in my original post, this has been deliberately and aggressively a part-time project. I only do about an hour a day of posting, and I am beginning to realise how inadequate this is. I still haven’t covered a council meeting, nor do I have time to read all the council docs I should be reading from the three boroughs I’m covering. Of which more in a bit.

So how did the site do in July? Well, here’s the numbers:

southlondonpostanalytics_july2010.jpg

Which means (drum roll please) I’ve doubled page views on the June number, and broken through the thousand visits in a month barrier. I now only need to increase my page views by a factor of 500 to reach my target of a million pages in a month. And AdSense revenue has exploded by a factor of over 150 to reach…. $1.88. I’m going to go and buy myself a Diet Coke.

So why the page view increase? Well, mainly, it’s just profile, but two things are definitely occurring. As I said last month, I was going to tweet every new blog post this month, and I’ve done so. twitter.com was responsible for 13% of all referrals, while a third of all referrals were “direct”, which is always a frustratingly opaque measure but I assume includes a fair number of non-browser clients such as Twitter apps.

Secondly, Google really kicked in as a referrer this month, as more people started to link to the site and more indexing took place. There are now 64 incoming links to the site, although a lot of these are on Twitter. There still aren’t many links with Google currency coming in. Are you listening, BBC News? Guardian? Anyone?

August is likely to be pretty quiet, not least because I’ve been off for a week, but I’ll round this stuff up again at the end of the month. As I said last month, I’m trying to do one operational thing a month to drive traffic to try and gauge its impact. July was about Twitter. In August I’ll systematise that a bit, probably using a plugin such as Twitter Tools. I’m also going to begin a two-month experiment with SEM, to see if I can drive traffic and at what cost.

And finally, as promised, a word about the time spent on the site. I’m only using up about an hour a day at present. And it really isn’t enough. That allows me to read through all my feeds (which, including Twitter updates, probably about to about 600 new items a day), check interesting stories, write maybe four or five posts and read the occasional council document.

I still haven’t attended a single council meeting, phoned a single councillor or press officer, or chased down a single story. It’s very much using the “web as a wire feed”, rewriting for style and maintenance of narrative threads, finding a picture, and go. I believe that adds some value, but it isn’t enough.

Now, quite a few bloggers and newshounds already attend council meetings in Lambeth, Lewisham and Southwark, so what value can I add there? Well, maybe a more systematic, Hansard-like approach to covering proceedings, although I have to say that judging by the coverage so far public council meetings (including cabinet meetings) seem more like platforms for grandstanding than arena for debate. But in any case a Hansard-like approach is going to be time-consuming. I’m talking to some people about a way of approaching that.

I think thereal value can be added by examining documents: minutes for meetings, supporting documents, discussion files, stuff like that. This has already yielded some good stuff on the site: a post about crime in Lambeth with some juicy stats, and the very revealing discussion document about Lewisham cuts. I’m using Google Docs to store public versions of these documents, and over time that could be a useful resource. I think that’s where I’m going to focus my journalistic efforts – such as they are – in the coming couple of months.

So, enough prognosticating. Time to go and find some stuff out. See you back here in a month.

Charles Arthur on what comes next (or not)

What has happened to all the new social networks?:

Now we’re waiting again for mobiles, and especially smartphones allied to mobile networks, to catch up with what ambitious startup companies want to do. Apple’s insistence in 2007 that iPhone users should have unlimited data plans yanked the entire mobile business forward about 10 years, and briefly showed us how everything should be working by 2012. No surprise that in recent months the mobile networks, unable to invest fast enough, have been rowing back on the “unlimited data” commitment, taking us back to 2007.

The next big sites won’t be social networks. Of course they’ll have social networking built into them; they’ll come with an understanding of their importance, just as Facebook and Twitter know that search (an idea Google refined) and breaking news (Yahoo’s remaining specialist metier) are de rigueur. Nor will they be existing sites retrofitted to do social networking, despite the efforts of Digg and Spotify.

PDA

Inside HuffPo

Good Newsweek article on the Huffington Post, including the fact that it now employs over 170 people, twenty of whom moderate comments. Is that the highest moderation ratio of any company on the planet?

Has Arianna Huffington Figured Out the Future? – Newsweek:

But a closer look at HuffPo’s financials shows just how tough that future is turning out to be. HuffPo has a big audience, but like most Web sites, it can’t monetize it very well. Right now, HuffPo generates just over $1 per reader per year. That’s nothing compared with the mainstream-media outlets that HuffPo hopes to displace. Cable-TV networks and print newspapers collect hundreds of dollars per year from each subscriber, and then generate hundreds of millions in ad revenue on top of that. The comparison isn’t perfect—TV and newspapers have higher fixed costs than Web sites—but it gives you a sense of how radically things are changing.

Yes, money is gushing out of old media—nobody knows this better than NEWSWEEK, which is struggling financially and has been put up for sale by its parent, The Washington Post Company—and some of that money is flowing onto the Internet. But something strange happens to those ad dollars as they make the journey from old media to the Web—somehow, by some weird, bad voodoo, those dollars turn into dimes. Or nickels. Or even pennies. A recent report by eMarketer, a leading researcher of Internet media, says online ad spending will grow more than 10 percent per year over the next few years, approaching $100 billion by 2014. That will still represent only 17 percent of all advertising spending.

Amis, Roth, Updike selling direct

Celebrated authors bypass publishing houses to sell ebooks via Amazon | Books | guardian.co.uk:

The brainchild of uber-agent Andrew “The Jackal” Wylie, Odyssey Editions launches today. It offers 20 modern literary classics as ebooks for the first time, exclusively via Amazon.com’s Kindle store. The books, all priced at Amazon’s usual ebook rate of $9.99, range from Amis’s London Fields, Rushdie’s Midnight’s Children, Roth’s Portnoy’s Complaint and VS Naipaul’s The Enigma of Arrival to titles from the estates of dead authors such as John Updike, William S Burroughs, Saul Bellow and Hunter S Thompson.

 

The Bucket Brigade (title tentative) by Bud Caddell

Hat tip: Neil Perkin.

We’re Writing a Book – The Bucket Brigade (title tentative) by Bud Caddell — Kickstarter:

This book will be for anyone interested in creating products that are not just market exchanges, but cultural exchanges – for anyone that wants to build or reshape an organization for doing business in a world gone digital – and for anyone just finding their footing in the marketing industry today. Ultimately, I want the book to serve as the how, not just the why or what, for transformational growth at a time when a commitment to strategic change will reshape the entire business landscape. At the core of the book will be ten new principles for creating, promoting, and distributing products in the future – my ten new commandments for brands and marketers.

And the book itself, from ideation, creation, and distribution will follow these new tenants – starting with this kickstarter project and you.

 

Times: 15,000 paying subs?

Times’ Paid Model: The Unofficial Numbers Come In:

The Times’ paid model is just two weeks old but, still, a number of stats came through this weekend – none of them from the horse’s mouth…

First, the meat – some potentially significant first numbers on how successful the paper’s paid websites have been in their first two weeks. There’s no attribution for these, but the fact they’re reported by former Times media correspondent Dan Sabbagh might be some cause for validity…

—Readers registered during free trial period: 150,000.
—Paying subscribers: 15,000 (Sabbagh: ‘This figure, apparently, is considered disappointing’).
—iPad customers so far: 12,500

(Via paidContent:UK.)

What’s Really Going on Behind Murdoch’s Paywall?

What’s Really Going on Behind Murdoch’s Paywall?:

“My sources say that not only is nobody subscribing to the website, but subscribers to the paper itself—who have free access to the site—are not going beyond the registration page. It’s an empty world.

The wider implications of this emptiness are only just starting to become clear. A Murdoch and Fleet Street veteran with whom I’ve been corresponding about the paywall reported to me on his recent conversation with an A-list entertainment publicist: ‘What was really interesting to me was that this person volunteered a blinding realization. ‘Why would I get any of my clients to talk to the Times or the Sunday Times if they are behind a paywall? Who can see it? I can’t even share a link and they aren’t on search. It’s as though their writers don’t exist anymore.’’ “