This is the class blog for COMM 4811/6811 Media 2.0: Production & Distribution in the Internet Age at the University of Memphis. Instructor: Kris M. Markman, Ph.D.
Thursday, October 20, 2011
80/20 Rule – Applies to Everything- Right?
Anderson’s findings on the inaccuracy and misuse of the 80/20 rule were fascinating. I used Pareto’s 80/20 rule to describe parts of business many times. We used the rule to describe the volume distribution of client base- 20 percent of our business was in the printing industry, 80 percent was the long tail (advertising, record labels, graphic design, etc). We used the term when describing profits as Anderson said, and again with our types of services (80 percent were 1 hour deliveries and 20 percent were other services). Anderson made a great point when he said it was an overused and untried theory in many situations and I agree. I didn’t realize that you can apply it to anything and sound reasonably knowledgeable! There was a difference in our industry versus online retail distribution though. Our actual numbers were very close to the rule which is why we used it. I think it is also quite possible that we tend to look for patterns we are used to seeing and may come up with the example that fits the model we are looking for.
Self Starting a Career
Wikipedia Paper
Also I have finished my start on my own blog entitled JashFash for the Media 2.0 Project here is a link if interested... http://jashma89.blog.com/wp-admin/?c=1
I havent posted any pics of fashion yet but 1.
I am also lookinf forward to the guest speaker I don;t know much about him but i hope to learn who he is in class today!
Wednesday, October 19, 2011
Signs of the Times: The Long Tail & Profit margins
The Wall Street Journal today reports that Yahoo's earnings fell 26% because of a slowdown in display-ad sales.
"Yahoo also reported its fourth consecutive quarterly slowdown in the growth rate of its display-ad sales—its most important business, which includes graphical, interactive and video ads. Display-ad sales revenue was flat from a year earlier."Also from WSJ, The USPS continues to struggle with their business model as traditional mail delivery bites the dust in the wake of the long tail of other delivery methods. From faxes to FedEx, the USPS is struggling.
"Plummeting demand for traditional mail delivery, which funds the postal service, has created a looming fiscal crisis that has Congress, postal employees and government officials weighing a venture into non-mail business as a way to stay afloat."As online businesses try to fit their profit margin into the long tail economy, they find they don't always fit. As traditional business face competition they can't overwhelm, they also don't always fit. It's interesting watching the ways that business is changing. I was at a meeting the other day where the question was posed: What is the biggest challenge for FedEx in the coming years? The cost of fuel is going to continue to rise and will tap the profit margin. At the same time, FedEx is one of those deal changers who changed the way that business was done in the past (and who had directly impacted the USPS). They need to remain flexible and willing to find new ways to deliver the package in order to stay in business. Finding new energy sources will impact the way they have always found to deliver the package. They are currently experimenting with blogs and twitter accounts as ways to empower their employees and clients. I'm wondering what other social media means and methods they will arrive at. I don't think that the use of Facebook & Twitter by businesses is always effective or that the folks using these methods always know what they are trying to accomplish by promoting a business in this way.
Friday, October 14, 2011
Wiki Project
Thursday, October 13, 2011
Small Potatoes
Wiki and online class
I have to kick my wiki project into overdrive this weekend and over fall break. I chose to do my project on the topic of alzheimers. I wish had choosen a more controversial topic but at this point I have to just make the best out of it.
Wheres my Snuggie
Go With What Works
Todays class was radical as most of us have lead to all agree on. I just gave a presentation yesterday about how technology has impacted globalization and the point that since technological advancements are not slowing down but rapidly increasing; so will the impact it makes on globalization. We use adobe connect in my class from last night to connect to the University of Memphis campus at Lambuth because the class is being offered in two places at one time. I absolutely love technology and find it extremely fascinating.
In regards to our discussion today and the dispute between NPR and Jonathan Coulton reminds me of the relationship Apple has with their “fans” slash customers. NPR debates that this process of making music for an artist wont be successful for others but clearly it was and the same for Apple products. When Steve Jobs started making computers, his hope was people would enjoy his product and want to have more than just one. When he released the very first personal computer he had the idea that people would start out with one and slowly want to purchase more; one to have at the office and then one to have at home. Now we have so many apple products and once you have one you have to have them all. I’m a prime example. I have the iPhone, iPad, iPod, iPod Touch, MacBook Pro, and Time Capsule (which is a wireless external hard drive). And when iOS 5 was release you know I was at my computer updating every single Apple devise that I own. Yet not only that, Apple “fans” and customers are WILLING to pay (I know) outrageous prices for their products because they LOVE THEM! It’s that relationship that they have, that customer service. It worked for Jonathan Coulton, there was enough people that enjoyed his music to purchase it! If people didn’t like Apple products or Coultons music they aren’t going to spend one dollar on it let alone over a thousand dollars on Apple products.
I wanted to also touch on the social media outlets that were discussed in our radical chat-class today. I don’t think many people or marketers are aware of the vast range of social media outlets besides Facebook and Twitter. For example, I mentioned Foursquare in our chat today when we were discussing tips among fans. That is what Foursquare does. It took the “check-in” aspect of Facebook, called it Foursquare and encourages the users to “leave tips” at the places they check into. It’s very useful for marketing restaurants as apposed to a Facebook or Twitter account. But as for household goods or services, social media outlets such as Groupon or Daily Deals, I suspect have a much better success rate rather than creating those Facebook and Twitter accounts. At least that’s what I think…
Wiki Update
There is a rather short and not too fierce discussion on the article, but the whole entry relates to
more than ten references, plus a couple of external notes. And it has a long editorial history: Until one year ago, there has been a vibrant frequency in editing the article, and than after a longer hiatus, different people have apparently continued to add and edit the content...
I agree that the NPR guys have definitely been to hard on Jonathan Coulton for no reason. To me, it seemed as if they invited him to their show (that guy has stuff to do, but a radio appearance also generates attention that pays off in record sales) and then labeled him a geeky Snuggie for what he does. I do not think that his music and his business model is that nichy. There are other singer-songwriters that do acoustic music. And why label a guy geeky, only because his lyrics address the small everyday experiences and hurdles in life? Plus, there are lots of other artists for whom Coulton's business model of bypassing the big labels works out pretty good. At least they obtained permit from him to publish what he has been earning throughout the last year...
What does it take to work in media 2.0?
Today, in our funny online class, we have spoken about what does it take to work in media 2.0. For instance, it is very important that you are remarkable, that you do something different. You have to invite your audience to participate and use the power of relationships and linkages.
Additionally, it is very significant to allow your audience some time for reacting. Often, you have to write two or three emails for remembering them. A lot of people receive every day a bunch of emails, such as advertising emails, spam emails or something else. I have made the experience that the most people don’t answer on emails, no matter how great your content or offer is, and sometimes it is really a big struggle to convince them. I have worked in an Online-Marketing Department of an investment firm, and we had to put a lot of efforts for persuading potential customers.
Furthermore, you need a kind of USP (Unique Selling Proposition) for getting awareness. But that’s also a problem, because the internet offers nearly everything. Especially for media 2.0 projects, it is very difficult to have “the idea” or an USP, which aren’t already exist. You can find everything everywhere.
"Let them eat cake!"
Coulton is has simply produced what people want, it happen to be what a large amount of people wanted and still want. The traditional music industry seems a bit nervous and a little intimidated by the producers like Coulton. If the power is no longer held by the traditional gatekeepers, then it must be held by the people who pay. This paradigm shift is the fear and loss of money and ultimately control. Coulton and artists like him do not have to pay a middleman, distributor, producer, post production people, etc. The money goes straight to him. Fans love this and frankly, so do I. I am much more likely to spend my money when I know where it is going. If I am supporting an artist and in turn they provide me with something I love. It is a “winner winner chicken dinner!”
Coulton apparently had good luck getting picked up by Slashdot, but he is by no means a fluke as NPR would have you believe. The truth is, his idea can be replicated. It will not work for everyone, but neither does purchasing a franchise based on a model. There are tons of variables in business that can make provide you with challenges unique to you and your product. Basing other products on this model will work as long as the product has the same properties. There must be a great product, hard work, a good plan, diligence, persistence, marketing and a dash of luck!
We are no longer seduced by cr@p and we can choose for ourselves what that actually means, ask for it and / or create it. So, listen up labels! We don’t need the “cake” you are dishing out, we just want the “bread” $$$ we deserve!
Online Class
Social media as we discussed has become a major part of our lives nowadays. I'm not really sure if it always the best thing in the world because it seems as if people depend on it so much but it is what we all use. (at least most of us). There are many different ways of marketing through social media and if you want to be successful and market then social media is a very good resource to use. Of course it will take some hard work but it is possible. You will have to build a following and prove yourself to be reliable and relevant because no one really wants to follow a boring and irrelevant person. The power of the link as mentioned is a good thing to me. I certainly look for links to stories and media all day long. Sometimes I prefer not look around and really search for info but through links I'm able to find pretty much anything that is available. For example. I follow ESPN and many other sports pages and links to sports stories are the way I stay on top of things if I'm not around a television.
As we are in this class working on a Media 2.0 project we will all find out what it takes to reach a certain level of marketing and gaining a following. Links, word of mouth, putting it out there and maybe just a bit of chance will probably determine how much notoriety our different projects gain. Hopefully a lot! But I do know that it will require a little work.
Wiki Update
Wikipedia Stub Found
Wikipedia: East Memphis
I am doing my wikipedia project on my neighborhood, East Memphis. Let me know if you live in the area! I was raised on the same street where I live now. In my case, this means that I was there when the street was a field and saw the neighborhood go from empty lots to houses because my father was an engineer and he surveyed the land when it was a swamp. He also picked out the lot where our house was built. He had grown up in Memphis when everything east of Audobun Park was a swamp.
The page itself is more than a little sketchy on details and has no photographs. I'm planning to fix that. The only controversy at all is what the boundaries of the neighborhood are but that is a big one. Is it Parkway or Highland? This seems to be a big emotional point for some folks.
The people who have contributed to the page to date have apparently been interested in private religous schools and restaurants. I'd like to provide a more balanced contribution to the list of schools and other businesses in the area. East Memphis includes a lot of business as well as a lot of residences. There are many schools (including the University of Memphis) and I'd like to add to the list of other venues that the neighborhood has to offer.
At present, I am the only person contributing to the page.
Coulton and Dove
Wiki Update on Memphis Pom
My Wikipedia project on the Memphis Pom squad has been exciting to watch over the past few weeks. It was of course deleted rapidly after I created it but after the edits have been made there has been little editing traffic since. However, there have been three edits made by non wiki-editors, which is very exciting to me. The page has also been visited 86 times in 30 days! I did promote the page on Twitter, so I have a feeling that helped boost the traffic flow. Not quite sure how to upload pictures, So Grace, if you know how to do that (or anyone one else) please let me know.
If you are a grad student.... send me a link to your article.
**Side Note about Memphis Pom** For those who may not know / don't follow sports like Danny and I do.... Memphis Madness is TOMORROW.... Its the introduction to the new Basketball Teams... well every year the Pom and Cheerleading team puts together a production about 5-8 minutes long that happens at the beginning of the event. They have been working on it for weeks and Monday the athletic department CANCELLED THEIR PERFORMANCE!!!! all because of commercial times and performer Rick Ross need more time for his MIC CHECK!!!!!! Awful excuse if you ask me!!.... well I just had to vent because I'm an alumni and large advocate for the team clearly! But I feel very bad for the girls because a lot of them had family flying in to see them perform. OHHH Mr. R.C. Johnson.... tisk tisk!!!!
Hope everyone else’s projects are going well.
Online Class a Blast!
Word of the Day: Half-ionaire
Petition for more online classes.
Bike Polo wiki-date
Being called a 500,000 Snuggie
"I honestly don’t fault Frannie and Jacob for having negative opinions about me or different opinions about any of these issues. And I’m not trying to ignite a flame war or tear anybody down. I’m simply amazed and disappointed that none of these questions ever came up in a conversation about the internet and the music business, on a podcast, here in the year 2011. It just feels like a huge missed opportunity, and it makes me sad."
- this quote is from coultons response to planet hater money and i think that it is sad that he has put forth this much effort and trying fuse the situation. its all about the benjamins nowadays so to coulton continue to make your money!
Wednesday, October 12, 2011
And Now it's Time for the Wiki Update!
I request that in the fourth paragraph the hyphen in "relatively-unchanged" be removed.
Genialimbecile (talk) 22:56, 19 July 2011 (UTC)
Phew!! I'm sure glad you caught that, Genialimbecile! Seriously though, I'm learning that there is a lot of research that has to be done before you can actually begin to contribute to a hot Wikipedia topic. However, I'm planning to pounce on some out of date information (Actual dates!) in the 3DS section. Wish me luck!