They both gave fascinating talks at the beginning of the first day, and I took lots of notes. I’ve just been looking back over them and thought there were a few snippits that are worth sharing. This will all appear in bullet-point form, as I can’t remember the exact context of each fact and wouldn’t want to misquote Jeremy or Gerd. Also, apologies if some of the facts don’t make that much sense out of context. They obviously don’t have the great slides that Gerd and Jeremy used to illustrate their points, too. You can see the slides for Jeremy’s presentation here, and Gerd’s here.

If they don’t make sense then let me know – I’ll improve my note taking technique!

Also, I’ll be adding news links to back up as much of this information as i can, when I can.

Jeremy Silver

• The “value” in creative industries tends to be in digital media.
• In 9 years the music industry has lost 40 percent of its value.
• 20 – 25 percent of sales across the board are digital.
• Games companies are making money!
• Youtube‘s bandwidth costs $1m a day to maintain, and their daily loss exceeds $1m a day.
• In the UK £357 is spent on advertising per head of population (from memory, this is annually). 19 percent of this is online, the highest percentage in the world.
• The UK has the highest per capita spend on music. $82 a year.
• Consumers are very sophisticated and want to interact with music – e.g. see Rockband & Singstar, Radiohead allowing fans to remix tunes etc.

Gerd Leonhard

• 92 percent of Google’s revenue is from Adwords.
• Total fragmentation of the market is certain. Very few models work for everyone anymore. We’ll never see anyone having hits on the scale of The Beatles again. In TV Dallas used to get 70 percent of US viewers. Today the top show, American Idol, gets just 7 percent.
• Physical Media and productised content is the past.
• 1.7 million new mobile users in India every week.
• 6.8 billion minutes a day are spent on Facebook. It is a broadcaster, as are all social network.
• We’re living in an age of “Attention Challenge”. Distribution is now a default setting.
• Brand magnetism is everything. If you love them, you’ll buy them.
• “Money is just a type of information” – www.kk.org

Its growth has been astonishing. Just look at this graph that shows it’s percentage reach over the last 18 months:

Interestingly though, it’s barely made the faintest dent in Facebook’s dominance. And yes, Twitter does feature on the following graph. You just have to look *very* closely…

I can only assume that the majority of Twitter’s users access it through clients such as Tweetdeck and Twhirl, which don’t access the site directly, and therefore wouldn’t contribute to those graphs.

And yet it’s really difficult to explain to non-converts why they should be part of the movement. The following video gives an overview of the social aspect of Twitter. If I’m honest, I don’t see much point in using Twitter if you don’t have any particularly strong passions, or are “in business”. I may be wrong, but I’m not entirely sure how Twitter would be of much benefit on a social level, above and beyond what Facebook and forums currently provide…

However, if you are self-employed, a freelancer, a passionate indulger, or just want to get more involved in your own industry, then you’d be amazed at how Twitter will change your online behaviour. As @biggreensheep says in this Guardian article about Twitter: “If Dave be “the home of witty banter” then Twitter has got to be the home of intelligent social networking. While other social networks rely heavily on gimmicks and apps, the Twitter platform holds community and content in high regard.

Another interesting take comes from @bbmorph: “One (of several) ways I use Twitter is to communicate with people who might otherwise ignore me. As a community of ‘early adopters’, people who have joined Twitter for business reasons want to be seen to be in touch with the technology and the community. This makes it easier to talk to people further up the (imagined or otherwise) rungs of business hierarchy than one would otherwise be able to do.”

But the most succinct viewpoint comes from @digitalmaverick: “I use Twitter because it’s broadened the range of people I can interact with instantly and I get authoritative responses.”

But, if you haven’t already, there’s really only one way to truly grasp the point and scope of Twitter. And that’s to sign up and get involved. But before you do, the most important thing it’s vital to understand is that there are three methods of using Twitter for marketing, PR, and self-promotion.

1 – HowToUseTwitterForMarketingAndPR.com
2 – Just constantly write about yourself and don’t “follow” anyone else.
3 – Somewhere in between. Twitter is a dialogue. A conversation. It’s not about “broadcasting”. It’s about call and response, engagement, and genuine interest in a community. Like any self-regulating community, if you see it as an opportunity to self-promote and nothing else, you’ll very quickly find that no-one is listening.

It’s 5am and I’m wide awake. My mind is clearly more eager than my body to start the first working day of 2009. I’m thinking back over the last year and how I can improve over the next 12 months.

2008 was an odd year for me. I achieved a lot, bringing more people together through my networking events, and worked on some brilliant projects with some amazing people. Yet with my key “revenue generators” I often felt hamstrung by a lack of resources, both in terms of talent and finance. Needing to find people to carry out work for me, and sourcing the capital to pay for it all meant that things often seemed to move incredibly slowly. A lot of this stems from the fact that much of the work I do has the internet at the very heart of it, but I’m neither a web developer or designer. It would be technically impossible for me to build these ideas on my own.

I spoke to Dan Zambonini, technical director of internet development agency, Box UK. He thinks that being a solo entrepreneur isn’t the issue it once was. “Luckily, with the web now as it is, there are plenty of online websites that can match up idea people with doing people. Technical people love to do interesting things, so if you know the right people, you’ll often find someone who’s willing to help you out for the sheer pleasure of it.”

Dan believes that there’s a growing demand for smaller, smarter online services that do one thing well, rather than trying to do everything. The idea being to get them up online as soon as they work and improve them as they go along, using your first customers as your testers too.

“Especially now with online services….it’s easier than ever to realise sophisticated ideas with less effort. Twitter, Facebook, Flickr; all started off much simpler, and have added features as they’ve been demanded”.

For some, being agile isn’t a desirable quality but an absolute prerequisite. “Digital PR has to be lightening quick because that’s the way the web works – the window of opportunity in online media is so much smaller”, says Rob Mosley from boutique digital advertising and PR agency Nonsense. I asked him for a good tip on getting projects up and running quicker. “I think debate is the biggest enemy to getting stuff done quick. If you get into a habit of making decisions fast, so you can get on with making things, you’re 80% of the way there. Obviously our clients need to trust us a lot for us to do this, and they also have to accept that we’ll make the odd mistake… which is still better than missing the boat”.

So what are my new year’s resolutions? Find smart and quick people to work with who are keen to get involved in exciting one-off projects, turn my ideas around faster, don’t worry about them being perfect from the start, tweak them as I go along, and feel more fulfilled that I’m not constantly languishing in “development hell”.

Hat-tip: Paul Bradshaw

Hat-tip: Paul Bradshaw

Chris Anderson‘s 2006 Long Tail theory states that because the web provides unlimited availability of vast amounts of niche and specialist music/films/books/whatever that there will be perpetual sales for the relevant artists, authors and creators of this content. But in an update to their recent findings, the PRS-MCPS Alliance (the UK’s music royalty collection organisation) has announced that only 173,000 of the 1.23 million albums available online actually made a single sale last year. In other words 85 percent didn’t sell even one copy. This is in addition to their recent announcement that 10 million of the 13 million individual tracks available online didn’t find a single buyer. Anderson is stoutly defending his economic model of the new web-based landscape, but who knows what further data is out there to strengthen or weaken is argument?

Is the Long Tail a dead theory already? Is one year’s data in just one sector enough to kill it off? Or should we see the theory as along term economic model that will take time to develop? Or do we just accept that the web makes those producing niche content a little easier to find – a slightly healthier short tail…?

pic credit: novelr.com

Chris Anderson‘s 2006 Long Tail theory states that because the web provides unlimited availability of vast amounts of niche and specialist music/films/books/whatever that there will be perpetual sales for the relevant artists, authors and creators of this content. But in an update to their recent findings, the PRS-MCPS Alliance (the UK’s music royalty collection organisation) has announced that only 173,000 of the 1.23 million albums available online actually made a single sale last year. In other words 85 percent didn’t sell even one copy. This is in addition to their recent announcement that 10 million of the 13 million individual tracks available online didn’t find a single buyer. Anderson is stoutly defending his economic model of the new web-based landscape, but who knows what further data is out there to strengthen or weaken is argument?

Is the Long Tail a dead theory already? Is one year’s data in just one sector enough to kill it off? Or should we see the theory as along term economic model that will take time to develop? Or do we just accept that the web makes those producing niche content a little easier to find – a slightly healthier short tail…?

pic credit: novelr.com

Anyway, does this graph tell us anything about the future of various social networks?

And I find it interesting that Bebo.com (yes, that pale line across the very bottom of the graph) has experienced absolutely zero growth in users since its $850m sale to AOL earlier this year. What do they plan to do with it?