Posts Tagged ‘Economy’

GigaOm reports on a statement from an analyst that estimates the mobile technology industry will see about $1.3 trillion in revenue this year. That is, they say, about 2% of the global Gross Domestic Product (GDP).

Wow! Mobile is now 2% of global GDP

Here’s another perspective on that estimate. If mobile technology’s GDP were for a country, it would have the 13 largest GDP in the world in between Spain and Australia (IMF rankings) or Spain and Mexico (World Bank rankings).

List of countries by GDP (nominal) (Wikipedia)

Using the IMF’s lists, here’s a sampling of a few countries’ 2010 GDP in billions of dollars:

1. U.S., $14.657
2. People’s Republic of China, $5.878
3. Japan, $5.458
10. India, $1.537
15. South Korea, $1.007
50. Peru, $0.152
181. Kiribati (the last country on IFM’s list), $0.000152

As part of YouTube’s 5-year celebration, the video site asked Conan O’Brien, among other celebs, to share five of his favorite videos with YouTube users. He introduces the clips in an anniversary message to YouTube and, in true Conan form, which has been rather cynical as of late, he doesn’t congratulate the video giant, but rather jokingly blames them for the fact that “our country’s economy is in the toilet.”
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How has the recession affected you? Perhaps you lost your job and you’ve turned to the online market to become an entrepreneur. Maybe you already had a web presence but the recession has forced you to step up your game. Or you could be an advertising company that’s witnessed severe budget cuts and now is the time for you to be more creative with spending and marketing campaigns. There are a few ways in which social media could be of great benefit for you, when it comes to continuing to build your brand.

Network Socially

Online social networks all seem to do the same thing, but there are only a handful of social sites that enable you to actually network. That means that you can leverage real relationships with people in order to work your way through a crowd, albeit a virtual crowd. You have a social graph, and everyone else has one too. Turn to sites like LinkedIn and Facebook for actually expanding your social graph and reaching the people you need to get in touch with.
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It’s sometimes difficult to imagine the money-making potential of businesses that thrive on the web–they’re so intangible, based on virtual social interaction and can be difficult to measure from an end-user standpoint. But the potential of virtual goods is increasing in attractiveness, not only for marketers and entrepreneurs, but for individuals as well. Perhaps its the current economy that’s driving more people to virtual businesses, but that may have been just the kick in the rear that we needed.
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