Preference to communicate using the Internet
Australian’s now prefer to communicate using the Internet rather than a mobile/cellphone. In the 2008 edition of Nielsen’s Australian Internet and Technology Report, 33% of Australian’s preferred to communicate using the Internet and 38% preferred to use a mobile phone. In 2009, the balance had swung to 44% and 31% respectively.
Smartphones are commonplace
The widespread adoption of smartphones is driving enabled mobility. Mobile service usage has increased dramatically with 43% of phones capable of accessing the Internet – with search, news, email and maps amongst the most widely used services.
Business models are being redefined
There has been a huge amount of discussion in recent media over charging for content online. A lot of the coverage has had Rupert Murdoch at the centre. This is a huge shift for the world of online news and services, which have typically been free of charge. However, more subtly, Steve Jobs has also been grooming the world for this change. His iTunes platform has made people very comfortable with handing over 99 cents for a song and the recent iPad launch and early newspaper app sales figures will surely see this flourish.
Consumers are engaged
It has long been the norm for people to review a product online, but recent Nielsen statistics show that 86% of people read reviews or discussions about products or services they intend to pay for and that 63% watched a video online of a product before handing over their hard earned.
For the products with strong customer sentiment, it strengthens their position – for those with bad sentiment, they don’t stand a chance. Consumers can now share their enthusiasm or fight back after a poor experience.
Consumers that aren’t treated fairly have the means and ability to reach massive audiences through flawless distribution like YouTube and Facebook. Be careful about your brands online perception and especially careful about what your own staff could saying about your brand.
Bullish trends for social currency
When you consider the plethora of social websites – how many can you think of that don’t have a competitive angle to them? 4square has their points and mayorships, YouTube has their views, Twitter has their followers, TripIt has their days from home, LinkedIn has their connections and it’s expected that Facebook’s newest currency could potentially become one of the largest global economies.
Social currencies are gaining weight, reputation is now worth more to some folks than money in the bank.
Barriers to social networks are reducing
Amid recent concerns over Facebook’s latest privacy changes, privacy controls amongst the major networks are becoming more sophisticated. An increased ability to filter what is displayed to my friends, family, neighbour or a complete stranger aids in growing a user’s trust in a site, allowing them to flourish from the embryo to the social butterfly.