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The new “network” economy

Kevin Kelly sums up the new economy in a great series.  The current posting explains how Value Flows From Abundance. Kevin’s writing first introduced me to the “new economy” model.  One made up of networks.  One in which plentitude governs the network economy. One which is really not so new – siting Kevin’s example of the fax machine.

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Cell Phone Transformers

Posted by Bob | Posted in Uncategorized | Posted on 09-07-2010

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Cell phone ownership has remained steady over the past year, but a Pew Internet Study reported in FMQB: reports that consumers are taking more advantage of everything today’s “super phones” can do:

  • 60% of American adults are now wireless internet users
  • 33% of adults use their phone to play music (up from 21 % in  2009)
  • 20% have used their phone to watch a video
  • 15% have posted a photo or video online with their phone
  • 11% have purchased a product using their phone

You may be tempted to invert the numbers and say … yes but 89% have not purchased anything using a phone …

Resistance is futile.

Look for those numbers to soar – similar to e-commerce numbers when consumers began to realize that it is safe to buy stuff from Amazon, Zappos and E-Bay.

What does this mean for your brand?

In the 140 Character World, consumers have a gadget - practically attached to their hip – that is an open channel to your brand.

11% are buying today … will you be ready when that number jumps to 30, 60 and beyond?

Are you a cell phone transformer?

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