October, 2008

What does “status” mean today?

Downtown Chicago, IL
Status | Chicago, Illinois, USA | Oct 2008

While we have created a new set of online activities and behaviors through our increased adoption of online systems and applications, we still largely use a language and set of terminologies ported from the offline world.

Yet we’ve spent little time thinking about the implications.

Couple thoughts:

  • What does “status” mean today and how do we display it (online and offline)?
  • Why do we use words like “status” to detail our online actions?
  • Why do we use words like “friend” to denote our online connections?
  • What other words could we use to create different interpretations and reinforce different behaviors?
  • Will our increased usage of terms online change how we use them offline? will their offline meaning change as well?

By creating systems that allow us to publicly display, measure and compare some facet of ourselves, we implicitly create societal competition over that artifact.

Obviously this isn’t new:

Hierarchical awareness seems to be deeply embedded in the human brain, so much so that there are distinct circuits activated by concerns over social rank. (ScienceNOW)

People have no obvious outward, physical signs to denote their status, so we rely on artificial ones: the big car, the mansion to live in, the arrogance of manner to inferiors, the ostentatious spending on designer clothes and expensive vacations. (Slow Leadership)

But we face different challenges in the online world:

  • Do we want to create competition over the number of friends we have?
  • Does the way we use the word “friend” online cheapen the meaning of the word?
  • Are we creating systems that encourage narcissism?
  • How are using and manipulating online systems to create artificial signals of status?
  • Are the notions of visibility and status starting to merge?
  • We use a bevy of stereotypes in the offline world to make status judgments: what online stereotypes are we creating?
  • What cultural norms are being carried over from offline to online? What new cultural norms are being created offline from our online behaviors?
  • Has the increased use of online profiles changed how we use traditional offline ways to signal status?
  • How do the traditional signals of status “work” online: possessions, conspicuous consumption, inheritance, landed title, wealth, appearance, family, profession, class, time?
  • How do different cultures, nationalities and socio-economic groups use online systems to display their status? How is communicated differently in and across cultures and socio-economic groups?

Thoughts?

What will the stock photography business look like in 10 years?

Yes, Digital Railroad is gone.

And they won’t be the last to fail.

What do stock agencies need to do?

Cutting royalty rates is not the answer.

The future is not just about microstock and cheaper images.

It will not be a monopoly: there will be multiple players pursuing different segments of supply and demand.

My comment on A Photo Editor: ImageSpan may change stock photography forever:

Spot on: reducing transaction costs (time, price comparison, effort) is the biggest opportunity in stock photography to allow stock photos to reach that long-tail market.

TinEye has had the ability to track unlicensed uses, but it’s kind of a one-off: combining the tracking of unlicensed with a licensing platform is much more powerful.

What happens when there’s an even larger flood of images? How will we sort through everything? Who will be our our filters?

What we’re learning from the “long tail” model of economic organization is that everybody except the truly great get flattened, and that profits in the tail spread out to a larger and larger number of people, making it harder for anyone to earn significant money.

Will it get so cheap to license and distribute photos that we’ll license photos for free? What we’ll pay for LicenseStream as a “marketing expense” instead of an investment to earn licensing income?

Fun times…

What will the stock business be like in ten years? Will the traditional functions of the stock agencies be unbundled?

  • Where will photo buyers buy photos? (Probably not from any of the stock agencies around right now)
  • How will they find photos? (A powerful aggregation, filtering and search-driven platform)
  • How will they buy photos? (Standardized, transparent pricing schemes powered by image tracking and verification systems)
  • Who will be selling them? (Everybody)
  • Who will earn a living from stock? (Very, very few people)

What are the pain points in the stock photography industry?

  • Why is image pricing so inefficient and opaque?
  • Is this the best way to price photographs?
  • Why are we still tied to the archaic model of categories, channels, distribution and image size to set prices?
  • Who is the authority on pricing assignments?
  • Who is creating a transparent way for buyers and sellers to compare prices, to compare images, to find the best pictures for their use?
  • Who is building systems to decrease the time spent finding the best image, the best photographer, the best outlet for their photos?

The existing industry structure is simply not sustainable.

I’ve gotten lots of questions from friends about why I’ve been writing so much lately about business models in the photography industry. I don’t know. Got any ideas for a new passion?

 

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