web-strategist.com, 11 June 2013
Thanks to you, last week’s report on the collaborative economy was readily received, and has been viewed over 26k times, the media picked up on it, and bloggers alike. As we digest what it means, it’s important to recognize this is the next phase in the internet, and the next phase of social business. An interesting finding is that the second era (social) and the third era (collaborative economy), use the same technologies (social technologies) but instead of sharing media and ideas –people are sharing goods and services. This is all part of a continuum and we need to see our careers progress as the market moves forward with us.
[Social technology enabled the sharing of media and ideas called social business –the same tools enable sharing of goods and services called the collaborative economy]
Internet Phases: Past, Present, and Future
|Attribute||Brand Experience Era||Customer Experience Era||Collaborative Economy Era|
|Driving technology||CMS and HTML||Social Technologies||Social Technologies|
|Years||1995: Internet had 14% american adoption||2005: Business blogging disrupted corporations||2013: AirBnb, TaskRabbit, Lyft, gain mainstream attention|
|What is shared||Vetted Information||Personal Ideas and Media||Goods and Services|
|What it looks like||Brands and media talk, people listen||Everyone talks and listens||Buy once, share many, need to buy less|
|Who has the power||Brands and publishers||Those who use social||Those who share goods and services|
|Who is disrupted||Traditional mediums: TV, Print||Corporations, governments||Corporations, governments|
|What must change||Media models||Communication and marketing strategy||Business models|
|How corporations responded||Created their own corporate website||Adopted social tools internally, externally||Learn to share products, enable marketplace|
|Software needed||CMS and design tools||SMMS, monitoring, communities||Marketplace, ecommerce, communities, SMMS, Monitoring|
|Services needed||User Experience, Design, Content||Social strategy, community managers, communicators||Agencies that help with trust, customer advocates, ?|
|Who wins||Those who adopt||Those who adopt||Those who adopt|
What it means to your career, clients, and company:
Change in our careers is good, it leads to new opportunities, growth, and fun. It does require us to move out of our comfort zones and prepare for new growth. With that, here are three insights to remember as we make this next phase.
- Prepare for the next phase in your career, as we shift eras. The internet continues to evolve, and with that our careers. The mid 90s saw the blistering heat of the dot bomb era as the internet became a dominant force, it subsided through a global recession and industry implosion and we saw the second phase emerge, dubbed Web 2.0 where information creation and consumption was democratized by all. The next phase is the same principals of sharing and democratization, but now involving goods and services.
- Take what you’ve learned in social business and apply it to the collaborative economy. If you’re in social business, you’re a good spot. The same rules apply about letting go of control, shifting to engage, and connecting with customers. Learning to listen for understanding, engaging w ith customers, developing programs where customers become your advocates, and how to scale. All topics I’ve researched deeply, and will apply to this next phase.
- Change is in inevitable, prepare for this next phase now. The next phase is already starting, last week’s LeWeb received international appeal, and funding to sharing startups is on rise, even cities like Amsterdam are opening up to sanctions with AirBnb and mainstream media and news covers this movement. We must start preparing for our next phases of our careers now. We can and will do this together.