Friday, May 1, 2015

Blog 6


Convergence culture is when cultures begin to come together. For example technological, industrial, cultural, and social changes have all been linked together in some way or another. The power of participation is greatly appreciated when talking about convergence culture. 
Creative  engagement is something that is offered to consumers in order to make them want to participate or engage themselves in the things they enjoy. Television shows such as American Idol and the Voice use this in almost every episode allowing people to call in and vote on their favorite singer to win a competition. Creative engagement is also a very powerful tool because it gives consumers a voice and allows them to feel as if they can make a difference. It is so powerful in fact, that more people engaged themselves in voting for American Idol last year than voted for the presidential election. This may be inaccurate because of the number of times one person can vote, but it is still a powerful statistic.

Blog 5

  • LONG TAIL
      • Online business model
      • Selling large amounts of more obscure items to many people (e.g. Amazon, Netflix, HD Jukebox)
      • Small number of items, big impact (few large cities vs. several small ones)
      • Characteristics
        • High number of goods
        • Low cost of reaching markets
        • Ease of finding niche products
        • Flattening of the demand curve for mainstream hits
Tailoring to personal tastes and a wide variety of people. 
Cross subsidies is something that I get sucked into all too often, for example a free cell phone is offered online, but it comes with a contract that you have to pay a monthly bill on.

      • What’s free: any product that entices you to pay for something else.
      • Free to whom: everyone willing to pay eventually, one way or another
      • E.g. games, phone contracts, Amazon Prime, infomercials w/ shipping and handling