trends in the kids' consumer book market - ideas and insights from around the globe - toc 2012

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TRENDS IN THE KID’S CONSUMER MARKET DEE P IN SIGHTS & IDE A S FRO M ACROSS THE GLO BE Kristen McLean TOC Bologna 2012

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This deck was presented at TOC Bologna 2012. Questions, comments, and permissions, please e-mail me at kristen*at*bookigee*dot*com. Enjoy!

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Page 1: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

TRENDS IN

THE K

ID’S

CONSUMER MARKET

DE

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S &

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Kristen McLeanTOC Bologna 2012

Page 2: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

Kristen McLeanFounder & CEO

Bookigee, Inc.

@BKGKristen

Page 3: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

SHORT TERM TRENDS• Overall kids (and adults) reading more

than ever

• Kids are omnivorous consumers of media

• High reading households are high technology households

• In 2010 Kaiser Family study of Media Use by 8-18 yrolds - books the only “traditional media” that didn’t lose ground to screen media

Source: Bowker Pubtrack: Understanding the Children’s Book Consumer in the Digital Age, 2011

Page 4: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

SHORT TERM TRENDS• Children’s one of the fastest growing areas of

iTunes

• Apple the aspirational platform amongst US teen consumers

• Consumer data - US teens who had “read an e-book at least once” rose from 4% to 9% in 2011

• Consumers report 7% of Juvenile and 11% of YA books now being consumed as e-books

Source: Bowker Pubtrack: Understanding the Children’s Book Consumer in the Digital Age, 2011

Page 5: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012
Page 6: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

FOURLONGTERM

TRENDS

Page 7: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

TREND 1: GLOBAL MOBILE

Page 8: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

79% people havemobilephonesin developingcountries

Page 9: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

11.6% have fixed phones

Page 10: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

50% use mobile to access theinternet every day

Page 11: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

11% of Kenya’s GDP flows thru M-Pesa, a mobile pay service

Page 12: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

Africa – 53%

Asia & Pacific – 74%

Arab States – 97%

The Americas –103%

Europe – 120%

CIS – 143%2011 Global Cell Stats: mobithinking.com

Global Adoption

Page 13: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

94,446+ e-books delivered to Africa via mobile infastructure since October 2010

www.worldreader.org

@worldreaders

Page 14: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

kids spend 50% more time reading& report 13% higher comprehension

www.worldreader.org

@worldreaders

Page 15: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

The first SMS message was sent in 1992

Today the number of SMS messages sent and received every day

exceeds the population of the planet

Page 16: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

Leapfrogging: Emerging economies & groups can evolve rapidly without going through intermediary [technological] steps.

Page 17: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

MOBILE IS DELIVERING A FLATTENED WORLD

WITH INFINITE POSSIBILITY AND

RADICAL NEW WAYS OF DOING BUSINESS

Page 18: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

CORE QUESTIONS• What effect will this trend have on

global literacy?

• Will children coming of age in a Mobile world approach content differently?

• Are you taking this “mobile effect” into account in your long-term publishing and marketing strategy?

Page 19: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

TREND 2: A MARKETPLACE

MODEL OF EDUCATION

Page 20: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

CATHEDRAL

One dominant pedagogy – rewards compliance & diligence

Page 21: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

MARKETPLACE

Many choices & pedagogies – rewards curiosity & critical thinking

Page 22: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

Education is a self-organizing system, where learning is an emergent phenomenon.”

 -Sugata Mitra, professor of educational technology at Newcastle University (UK)

http://www.ted.com/talks/sugata_mitra_the_child_driven_education.html

Page 23: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

“If children have interest, then education happens…” – Isaac Asimov

Page 24: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

THE REMARKABLE ADVENTURE OF GRIFFIN BLACK

http://www.washingtonpost.com/wp-dyn/content/article/2010/08/13/AR2010081306140.html

14 year-old built his own replica of guitarist Mike Campbell’s iconic guitar, and then got the Heartbreakers to play it live onstage.Wrote an article & got own byline in the Washington Post about it.

Page 25: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

CHILDREN ARE GOING TO BE FUNDAMENTALLY

IN CHARGE OF THEIR OWN INQUIRY

Page 26: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

CORE QUESTIONS• Are we prepared for the fact that our

opinions & knowledge are secondary to the users?

• What are the implications in other areas of our business?

• How do we re-engineer our business to be better at advance understanding of our users needs?

Page 27: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

TREND 3: PRICE IS IN THE EYE OF THE CONSUMER

Page 28: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012
Page 29: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012
Page 30: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

COVER PRICE IS NO LONGER FIXED. VALUE IS INFINITELY

NEGOTIABLE.

Page 31: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

CORE QUESTIONS• Where is the baseline? What is a P&L?

• Are there new ways to approach & value the production of content?

• Are we ready for a world where the price and definition of our product comes exclusively from our customer?

Page 32: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

TREND 4: SOCIAL MEDIA BRINGS THE FAMILY TOGETHER

Page 33: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

STEFANA BROADBENT SOCIAL ETHNOGRAPHER - UNIVERSITY COLLEGE, LONDON

“The internet is enabling intimacy..”

http://www.ted.com/talks/stefana_broadbent_how_the_internet_enables_intimacy.html

Page 34: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

Facebook average= 120 friends

Regular 2-way conversations = 4-6 people

80% of cell calls are to the same 4 people

80% of Skype calls are to just two people

STEFANA BROADBENT SOCIAL ETHNOGRAPHER - UNIVERSITY COLLEGE, LONDON

http://www.ted.com/talks/stefana_broadbent_how_the_internet_enables_intimacy.html

Page 35: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

REINFORCED BY US CONSUMER DATA• US teens cite “parents” as the number two

influencer on book choice, right after “friends”

• 23% of US parents report “co-gaming” with

their kids 0-12

• 20% of US parents report that they let their

kids 0-12 use their mobile device to play games

• “My child asked for it” is the #1 source of

recommendations for books for 7-12

Page 36: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

THE BULLSEYE PATTERN OF INFLUENCE

A BULLSEYE PATTERN OF INFLUENCE

Page 37: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

THE FAMILY & COMMUNITY ARE MORE IMPERVIOUS TO YOUR MESSAGES BUT WILL EVANGELIZE MORE

AUTHENTICALLY ALSO

Page 38: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

CORE QUESTIONS• What is our opportunity here?

• How does this change our notion of “gatekeepers”?

• Can we facilitate this trend with platforms or content like co-gaming?

• What does marketing mean?

Page 39: Trends in the Kids' Consumer Book Market - Ideas and Insights from Around the Globe - TOC 2012

Kristen McLeanFounder & CEO

Bookigee, Inc.

@BKGKristen

THANKS!