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NEW BUSINESS MODELS
   & OPPORTUNITIES

     #IBETA2011
MAY 13 2011, HEERLEN, THE NETHERLANDS
experienced as an
                                    entrepreneur


professionally active in social media

                        WHO AM I?
YESTERDAY
TODAY
WHAT IS A BUSINESS MODEL?
BUSINESS
MODEL


  How you interact with you neighbors in the
             value chain (or net)
            WHAT IS A BUSINESS MODEL?
what do you
Direct sales                 give? what do
Subscription                 you get? who
Pay per click                are you working
Franchise                    with? what do
Wholesale                    you do? what
Razor & blades               are your
Multi-level marketing        channels?
        BUSINESS MODEL EXAMPLES
LET’S TAKE A LOOK AT AN
        EXAMPLE
MOBILE VIKINGS
100% MARKETED THROUGH SOCIAL MEDIA, FREE INTERNET
100% FOCUS ON CUSTOMER SERVICE

       BE TREATED LIKE A PERSON BY A PERSON,
        NOT LIKE A CUSTOMER BY A COMPANY


Report a problem       Make a suggestion
   via mail              vote for the next features
   via phone             fill out our feedback survey
                         post on our Facebook Wall
Find a solution
                         send us an email
    read the FAQ
    ask on the
    (Facebook) forum
BE PART OF THE COMMUNITY
MOBILE VIKINGS= NOT A ‘FREE’ BUSINESS MODEL

                           Payed by
                              prepaid topup (when
                              you feel like it)
                              Word of Mouth
                              Help other users


 Proposition
    voicecalls
    sms
    data
    community membership
SOME POSTER CHILDS OF
BUSINESS MODEL INNOVATION
FREE
NOT A BUSINESS MODEL, BUT A TACTIC. BUYS YOU MINDSHARE.
Foto: Pieter Baert.




                GIFT ECONOMY
REVERSE OF FREE MODEL: CUSTOMER DOES YOU A FAVOR, IN
  EXCHANGE FOR SOCIAL STATUS WITHIN THE COMMUNITY
WHY PAY?
                                 Win time
                                 Lower risk
                                 Out of love
                                 To gain status
                                 Out of obligation

                     FREEMIUM
DRUGDEALER BUSINESS MODEL: GET THEM ADDICTED FIRST, THEN
        CHARGE A PREMIUM FOR THE GOOD STUFF
FROM FUP TO FPP (FAIR PAY POLICY)
 CUSTOMER IS INVITED TO PAY, BUT NOT OBLIGED.
    WORKS A BIT LIKE REVERSE AUCTIONING.
WHY DO WE SEE THESE NEW
   BUSINESS MODELS?
NEEDS ARE CHANGING

              agriculture revolution:
              geen honger meer

              Industrial revolution:
              geen kou meer

              Information revolution:
              geen goesting meer

           Who will help me with
           self-actualisation?
I WANT TO BE SOMEONE!
  (PREFERABLY WITHOUT TOO MUCH EFFORT)
START BY LETTING GO OF CONTROL


                   THE LEADER
                       goes first

                       is at the bottom

                       takes initiative

                       takes no instructions

                       inspires others
HOW IS THIS INFLUENCING
     MARKETING?
BRANDS ARE STILL LOVED,
BUT NO LONGER TRUSTED
ADVERTISING, NOW ALSO ON FACEBOOK
  same old story: we are talking as brands about ourselves
                                            (doesn’t work)
  alternative: put the customer in the spotlight
ATTENTION ECONOMY
WHO IS PAYING YOU WHEN YOU ARE PAYING ATTENTION?
Track things you pay attention to (or ignore)
Mine and store this data
Put it to good use (optimize service)




    WHAT IS ATTENTION MANAGEMENT?
 LOTS OF PARTIES WANT OUR ATTENTION, BUT WHO IS GOING
            TO TRACK AND MANAGE IT FOR US?
CHOOSE MY COMPANY TO:
             Store your profile
             Optimize your services
             Negotiate transactions with others
             (brands, people, initiatives)
             Manage your privacy balance

EVERYONE WILL HAVE AN ATTENTION BROKER
THE BALANCE OF YOUR ATTENTION SPENDING = SOCIAL CURRENCY
SOCIAL CURRENCY
PRODUCT VALUE - PROFILE VALUE - EFFORT = PRICE
SOCIAL CURRENCY= ATTRIBUTING VALUE TO
  KNOWLEDGE, ACTIONS AND RELATIONS
All products will be more or   Social Currency can be the basis
less the same (mass-           of exchange of value.
production)

All service will become        Introduce a points based
commodity (knowledge is        system.
free)                          Better, use someone else’s
                               point based system.
Make the difference in         Or set up a points exchange
brokering social currency      (e.g. Facebook credits to Eaves)
CO-CREATION
CO-CREATION
 Your customer can help you, make him eager to do so.

 Product development, customer service, promotion,...
NOT TRADITIONAL CO-CREATION
      (INNOVATION-FOCUSSED)
CO-CREATION THAT LINKS PEOPLE
 AND LET THEM BE PART OF YOUR COMPANY
EXAMPLE: SAMSUNG (PERSONAL EXPERIENCE)
 EVEN WITH THE BEST STAFF, POLICIES AND CUSTOMER CARE, THERE
     WILL ALWAYS BE MORE KNOWLEDGE IN THE COMMUNITY
CO-CREATION MAKES A BRAND STRONGER


                                    S-CRM
“I
     HA




                                                        !
                                                     ny
        VE




                                                   pa
             A




                                                om
                 SO




                                              lc
                      LU



                                               o
                        TI


                                            co
                           O   N”
                                       “AWESOME!”
SOME IDEAS TO MAKE
   THIS HAPPEN
IDEA: COMMUNITY TROUBLETICKETS
IDEA: CRM + FACEBOOK + TWITTER
IDEA: DYNAMIC KNOWLEDGE BASE
IDEA: CAPTURE AND NURTURE IDEAS
IDEA: CUSTOMER AS CALLCENTER AGENT

Closed community of “User Angels”
Can login to tell they are available for calls
Can chat amongst each other to learn and collaborate
GAMIFICATION
BADGES, POINTS, REWARDS, LEADERBOARD
                      (slide by Sebastian Deterding)
GAMIFICATION 2.0 (OR WAIT, 3.0)

  Not about marketing or promotion
  About collaboration between people
    let employees work in dynamic project team
    cocreation with customers and suppliers
BUSINESS SHOULD BE FUN TOO
                 (slide by Sebastian Deterding)
Drive, by Daniel Pink



COMES BACK TO “WHAT MOTIVATES US?”
    autonomy
    mastery
    purpose
WHAT BUSINESS MODEL
 WILL THIS RESULT IN?
SOCIAL CURRENCY
COCREATION
GAMIFICATION
BACK TO THE CLUETRAIN MANIFESTO? (’99)

   end of mass marketing

   human to human conversations

“Markets are conversations”

12 years later: still non-authentic ads on TV

Reason: idealistic approach doesn’t work

MISSING ELEMENTS:
GAME MECHANICS + SOCIAL CURRENCY + ATTENTION
FIRST SIGNS ON THE WALL
(checkout http://www.ingenesist.com)




  A NEW TYPE OF BANK / ECONOMY
MANAGE YOUR SOCIAL CURRENCY AND EXCHANGE RATES
GAMIFICATION IS AN ENABLER
FOR A BUSINESS MODEL WHERE
CUSTOMERS, EMPLOYEES, FANS
AND COMPANIES EXCHANGE
SOCIAL CURRENCY VIA SOCIAL
MEDIA PLATFORMS.
INTERESTED?
          MedeMerkers
          Kardinaal Mercierplein 2
          2800 Mechelen
          016/81.91.33
          info@medemerkers.be
          twitter: @medemerkers
          www.medemerkers.be

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New business models and opportunities

  • 1. NEW BUSINESS MODELS & OPPORTUNITIES #IBETA2011 MAY 13 2011, HEERLEN, THE NETHERLANDS
  • 2. experienced as an entrepreneur professionally active in social media WHO AM I?
  • 5. WHAT IS A BUSINESS MODEL?
  • 6. BUSINESS MODEL How you interact with you neighbors in the value chain (or net) WHAT IS A BUSINESS MODEL?
  • 7. what do you Direct sales give? what do Subscription you get? who Pay per click are you working Franchise with? what do Wholesale you do? what Razor & blades are your Multi-level marketing channels? BUSINESS MODEL EXAMPLES
  • 8. LET’S TAKE A LOOK AT AN EXAMPLE
  • 9. MOBILE VIKINGS 100% MARKETED THROUGH SOCIAL MEDIA, FREE INTERNET
  • 10. 100% FOCUS ON CUSTOMER SERVICE BE TREATED LIKE A PERSON BY A PERSON, NOT LIKE A CUSTOMER BY A COMPANY Report a problem Make a suggestion via mail vote for the next features via phone fill out our feedback survey post on our Facebook Wall Find a solution send us an email read the FAQ ask on the (Facebook) forum
  • 11. BE PART OF THE COMMUNITY
  • 12. MOBILE VIKINGS= NOT A ‘FREE’ BUSINESS MODEL Payed by prepaid topup (when you feel like it) Word of Mouth Help other users Proposition voicecalls sms data community membership
  • 13. SOME POSTER CHILDS OF BUSINESS MODEL INNOVATION
  • 14. FREE NOT A BUSINESS MODEL, BUT A TACTIC. BUYS YOU MINDSHARE.
  • 15. Foto: Pieter Baert. GIFT ECONOMY REVERSE OF FREE MODEL: CUSTOMER DOES YOU A FAVOR, IN EXCHANGE FOR SOCIAL STATUS WITHIN THE COMMUNITY
  • 16. WHY PAY? Win time Lower risk Out of love To gain status Out of obligation FREEMIUM DRUGDEALER BUSINESS MODEL: GET THEM ADDICTED FIRST, THEN CHARGE A PREMIUM FOR THE GOOD STUFF
  • 17. FROM FUP TO FPP (FAIR PAY POLICY) CUSTOMER IS INVITED TO PAY, BUT NOT OBLIGED. WORKS A BIT LIKE REVERSE AUCTIONING.
  • 18. WHY DO WE SEE THESE NEW BUSINESS MODELS?
  • 19. NEEDS ARE CHANGING agriculture revolution: geen honger meer Industrial revolution: geen kou meer Information revolution: geen goesting meer Who will help me with self-actualisation?
  • 20. I WANT TO BE SOMEONE! (PREFERABLY WITHOUT TOO MUCH EFFORT)
  • 21. START BY LETTING GO OF CONTROL THE LEADER goes first is at the bottom takes initiative takes no instructions inspires others
  • 22. HOW IS THIS INFLUENCING MARKETING?
  • 23. BRANDS ARE STILL LOVED, BUT NO LONGER TRUSTED
  • 24. ADVERTISING, NOW ALSO ON FACEBOOK same old story: we are talking as brands about ourselves (doesn’t work) alternative: put the customer in the spotlight
  • 25. ATTENTION ECONOMY WHO IS PAYING YOU WHEN YOU ARE PAYING ATTENTION?
  • 26. Track things you pay attention to (or ignore) Mine and store this data Put it to good use (optimize service) WHAT IS ATTENTION MANAGEMENT? LOTS OF PARTIES WANT OUR ATTENTION, BUT WHO IS GOING TO TRACK AND MANAGE IT FOR US?
  • 27. CHOOSE MY COMPANY TO: Store your profile Optimize your services Negotiate transactions with others (brands, people, initiatives) Manage your privacy balance EVERYONE WILL HAVE AN ATTENTION BROKER THE BALANCE OF YOUR ATTENTION SPENDING = SOCIAL CURRENCY
  • 29. PRODUCT VALUE - PROFILE VALUE - EFFORT = PRICE
  • 30. SOCIAL CURRENCY= ATTRIBUTING VALUE TO KNOWLEDGE, ACTIONS AND RELATIONS All products will be more or Social Currency can be the basis less the same (mass- of exchange of value. production) All service will become Introduce a points based commodity (knowledge is system. free) Better, use someone else’s point based system. Make the difference in Or set up a points exchange brokering social currency (e.g. Facebook credits to Eaves)
  • 32. CO-CREATION Your customer can help you, make him eager to do so. Product development, customer service, promotion,...
  • 33. NOT TRADITIONAL CO-CREATION (INNOVATION-FOCUSSED)
  • 34. CO-CREATION THAT LINKS PEOPLE AND LET THEM BE PART OF YOUR COMPANY
  • 35. EXAMPLE: SAMSUNG (PERSONAL EXPERIENCE) EVEN WITH THE BEST STAFF, POLICIES AND CUSTOMER CARE, THERE WILL ALWAYS BE MORE KNOWLEDGE IN THE COMMUNITY
  • 36. CO-CREATION MAKES A BRAND STRONGER S-CRM “I HA ! ny VE pa A om SO lc LU o TI co O N” “AWESOME!”
  • 37. SOME IDEAS TO MAKE THIS HAPPEN
  • 39. IDEA: CRM + FACEBOOK + TWITTER
  • 41. IDEA: CAPTURE AND NURTURE IDEAS
  • 42. IDEA: CUSTOMER AS CALLCENTER AGENT Closed community of “User Angels” Can login to tell they are available for calls Can chat amongst each other to learn and collaborate
  • 44. BADGES, POINTS, REWARDS, LEADERBOARD (slide by Sebastian Deterding)
  • 45. GAMIFICATION 2.0 (OR WAIT, 3.0) Not about marketing or promotion About collaboration between people let employees work in dynamic project team cocreation with customers and suppliers
  • 46. BUSINESS SHOULD BE FUN TOO (slide by Sebastian Deterding)
  • 47. Drive, by Daniel Pink COMES BACK TO “WHAT MOTIVATES US?” autonomy mastery purpose
  • 48. WHAT BUSINESS MODEL WILL THIS RESULT IN?
  • 50. BACK TO THE CLUETRAIN MANIFESTO? (’99) end of mass marketing human to human conversations “Markets are conversations” 12 years later: still non-authentic ads on TV Reason: idealistic approach doesn’t work MISSING ELEMENTS: GAME MECHANICS + SOCIAL CURRENCY + ATTENTION
  • 51. FIRST SIGNS ON THE WALL
  • 52. (checkout http://www.ingenesist.com) A NEW TYPE OF BANK / ECONOMY MANAGE YOUR SOCIAL CURRENCY AND EXCHANGE RATES
  • 53. GAMIFICATION IS AN ENABLER FOR A BUSINESS MODEL WHERE CUSTOMERS, EMPLOYEES, FANS AND COMPANIES EXCHANGE SOCIAL CURRENCY VIA SOCIAL MEDIA PLATFORMS.
  • 54. INTERESTED? MedeMerkers Kardinaal Mercierplein 2 2800 Mechelen 016/81.91.33 info@medemerkers.be twitter: @medemerkers www.medemerkers.be