What's Different (and What's the Same) in Europe
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What’s Different (and What’s the Same) in Europe
Fast forward market
Mobile use , social networks, online banking, Internet access, etc.
Europeans embrace tecnology faster than Americans
Faster growth in Internet users
Last 10 yrs: 353.1 % in Europe vs. 151.7 % in USA http://www.internetworldstats.com/stats.htm
More mobiles than Europeans
Average 120 mobiles / 100 persons in Europe versus 89 per 100 in USA
Higher usage of smartphones
400% increase in web searches via smartphones
Search is done at point of sale (bookstores, libraries, etc.)
Results are shared in Social Networks
New discovery and reading habits
Is your website mobile friendly?
Do you know how many readers access your site via mobile devices?
More “social” than americans
Anual growth of 10.9% vs 6.6 in USA http://www.economist.com/blogs/dailychart/2011/07/europe%E2%80%99s-social-media-hotspots
Higher online banking penetration
http://www.comscoredatamine.com/2010/10/top-10-countries-by-online-banking-penetration/
Let´s face it , we love technology
We tend to analyze treaths & opportunities from a sectorial point of view
We forget that society is changing very fast
New discovery channels, new ways of consuming information, new ways of sharing cultural experiences, etc.
© 2010, the Book Industry Study Group, Inc.
Ebook adoption will not be different
What will be the impact of the arrival of international players in Europe?
Accelerate the growth of the digital market
http://www.flickr.com/people/7843389@N02
More devices (ereaders, tablets, smartphones) =
Higher demand for digital content
Do not forget - Empty devices
New device owners will go online to search for books
If not available…
Arrival of international players will force local players to increase their digital offer
It will challenge your pricing strategy
P-books and e-books play in different economies
Dynamic pricing (offer/demand)
Expects rapid E-commerce growth
Europeans buy 4 times more from foreign webs
What do we do?
Think about technology as a service
Publishers have to main assets
Provide services to authors and readers
Provide better services to your authors
Greater financial transparency and shorter compensation payment periods
Share information about their book performance
Engage with your authors
Proactive counselling services beyond editorial content
Advise on digital rights, DRM, web design, etc.
Training services for your authors
How to use Twitter, Facebook, engage with readers, etc
Provide services around upcoming narrative skills
The Human Factor, your main difference
Amazon, Apple, Google, etc. “Non human” platforms
Start selling direct
Not only because of better margins, but because it will allow you to…
To access real time knowledge, to make business decisions
Impact on sales and marketing strategy
Competitive advantage in the XXI
http://www.flickr.com/photos/29890539@N07/4648496819
Customer behaviour
In the digital economy you must know your client
http://www.flickr.com/photos/29890539@N07/4648496819
Day / time book discovery & purchase
Reading behaviour
Must track & analyze social reading practices
To provide your readers with premium services
Users are more willing to pay for services than content
Create a community of readers around your content and authors
Engage with your readers
To provide discovery tools beyond purchase
Must develop book recomendations systems on REAL reading satisfaction and affinities
http://ww
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To compete with Amazon, Apple, Google, etc
We need to create economies of scale
None of these companies think locally
Internet has no frontiers
International revenues of GAFA players in 2011
Google: 54 % Apple: 54 % Facebook: 38 % Amazon: 46 %
http://www.niemanlab.org/2012/01/the-newsonomics-of-global-media-imperative/
We must think European
Must aggregate content, services, users, etc.
More than books
Not enough traffic to be competitive in the Net
We done it in other sectors
How to avoid Amazon taking over Europe?
1) Think about technology as a service 2) The Human Factor: Services to authors and readers 3) Increase your offer and redefine pricing 4) Sell direct: Understand customer behaviour 5) Develop new discovery tools beyond purchase 6) Create a Book Airbus consortium: More than books
Javier Celaya [email protected] Tel: +34.606.367.708
Web: www.dosdoce.com Twitter: @javiercelaya LinkedIn: www.linkedin.com/in/javiercelaya
Grazie mille / Thank you