trends in the kids' consumer book market - ideas and insights from around the globe - toc 2012
Post on 13-Sep-2014
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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!TRANSCRIPT
TRENDS IN
THE K
ID’S
CONSUMER MARKET
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Kristen McLeanTOC Bologna 2012
Kristen McLeanFounder & CEO
Bookigee, Inc.
@BKGKristen
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
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
FOURLONGTERM
TRENDS
TREND 1: GLOBAL MOBILE
79% people havemobilephonesin developingcountries
11.6% have fixed phones
50% use mobile to access theinternet every day
11% of Kenya’s GDP flows thru M-Pesa, a mobile pay service
Africa – 53%
Asia & Pacific – 74%
Arab States – 97%
The Americas –103%
Europe – 120%
CIS – 143%2011 Global Cell Stats: mobithinking.com
Global Adoption
94,446+ e-books delivered to Africa via mobile infastructure since October 2010
www.worldreader.org
@worldreaders
kids spend 50% more time reading& report 13% higher comprehension
www.worldreader.org
@worldreaders
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
Leapfrogging: Emerging economies & groups can evolve rapidly without going through intermediary [technological] steps.
MOBILE IS DELIVERING A FLATTENED WORLD
WITH INFINITE POSSIBILITY AND
RADICAL NEW WAYS OF DOING BUSINESS
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?
TREND 2: A MARKETPLACE
MODEL OF EDUCATION
CATHEDRAL
One dominant pedagogy – rewards compliance & diligence
MARKETPLACE
Many choices & pedagogies – rewards curiosity & critical thinking
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
“If children have interest, then education happens…” – Isaac Asimov
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.
CHILDREN ARE GOING TO BE FUNDAMENTALLY
IN CHARGE OF THEIR OWN INQUIRY
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?
TREND 3: PRICE IS IN THE EYE OF THE CONSUMER
COVER PRICE IS NO LONGER FIXED. VALUE IS INFINITELY
NEGOTIABLE.
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?
TREND 4: SOCIAL MEDIA BRINGS THE FAMILY TOGETHER
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
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
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
THE BULLSEYE PATTERN OF INFLUENCE
A BULLSEYE PATTERN OF INFLUENCE
THE FAMILY & COMMUNITY ARE MORE IMPERVIOUS TO YOUR MESSAGES BUT WILL EVANGELIZE MORE
AUTHENTICALLY ALSO
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?
Kristen McLeanFounder & CEO
Bookigee, Inc.
@BKGKristen
THANKS!