attention economy and google
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TRANSCRIPT
Attention Economy
with a focus on Google
Attention is scarce The internet is
overflowing with information
Much of it is freely available
But without attention, getting ‘eyeballs’ to your information – how useful is it?
Image source: http://www.mediafuturist.com/2008/08/getting-paid-wi.html
Attention and personalisation
Develop a relationship (and trust) with customers
Provide a personalised service Know more about your customer Gain more attention Rinse and repeat!
Feedback loop of customer attention and personalisationimage source: http://rossdawsonblog.com/weblog/archives/2008/05/
Google the Survivor
Google was both clever and lucky It survived the dotcom crash by
applying non-traditional marketing methods
recruiting just the right people for the job
taking calculated risks
So Much Attention, So Little Time!
Google gathered a huge amount of attention very quickly. How? Why? Making a search engine that was
quick and worked as expected Building on its success constantly by
improving its search technology Not being “evil” By offering choice and relevancy
Show Me the Money!
Google made its money through advertising: AdSense applied relevant advertising
links to the top of keyword search results
AdWords was a pay-per-click auction model where companies could buy ads in search results sidebars
Household Name
Google became synonymous with search
You don’t “use a search engine” anymore, you “Google it”!
Image source: http://www.sevensheaven.nl/images/producten/illustration-illustratie_google-search_02.jpg
Attention comes first
Make gathering attention your first priority!
Products and services come second
-- Goldhaber 1997
image source: http://firstmonday.org/htbin/cgiwrap/bin/ojs/index.php/fm/article/viewArticle/519/440
King of Information Google has its fingers in many
pies: Search Blogging Social networking Email Knowledge base Website creation and many more… Image source: http://b2b-marketingblog.com/tag/google/
Summary
Google is a great case study for the attention economic model
Its products are essentially free, and the attention it gathers transform into revenue through advertising
Free + attention = money!
Full Article and References
For the full article, including references cited, please following this link:
http://sites.google.com/site/net205apples/home/attention-economy