The following is a random list of interesting facts, observations and quotes from some of the amazing speakers and presentations during the ECPA Executive Leadership Summit, held last week in Nashville, TN. By no means is this exhaustive and is only through my own experience and often poor listening skills. I hope you find a nugget to help you.
Roland Lange, Google
- In 2003, there were 500 million people online
- There are 1.8 billion online today.
- In 2007, sales were $420 billion online.
- There are 183 billion emails sent every day, or 2 million per second.
- There were more than 276,000 new books published in 2007.
- There are more than 2 million books in print today in the US.
- There are less than 10,000 magazines in print today.
- There are now more than 70 million blogs in the US.
- Online users are spending more than 14 hours per week, or 39% of their time. This is the same amount of time as TV usage.
- Book reading is less than one hour per week.
- There are 1 billion searches on Google every day.
- Every minute, 24 hours of video are being uploaded to YouTube.
Kelly Gallagher, Bowker
- More than 750,000 titles last year came through on-demand printing.
- Today e-books still represent less than 3% of sales
- E-books are not growing the market, they are cannibalizing it.
- 76% growth rate of e-book buyers age 45-54 in 2009.
- 191% growth rate of e-book buyers older than 65 in 2009.
- Affordability is the number one reason why people buy e-books.
- Fiction is the number one category in e-books.
Michael Drew, Wizard Academy
- There are distinct 40 year generational cycles that can be used to predict behavior.
- The newest cycle is about being real. No posers allowed.
- There are 72 million teenagers poised, led by the internet, to take over the world.
- The website is a conversation piece, not a marketing and sales tool.
- How do you make your website feel like a conversation?
Leadership session with Mike Hyatt, Thomas Nelson and Chris Doornbos, David C. Cook
- No one is entitled to survive in the publishing industry. You have to add value in order to find your place.
- There is an enormous opportunity for retail in the future if it becomes more about the community.
- Retail is not dead unless it wants to be.
- Independent booksellers have a leg up. If you own it, you tend to fight for it a bit more.
- Everyone’s crystal ball is a little dirty. It is tough to see exactly where the industry will be in the future.
- We are in the most exciting times to be a publisher. Access to content has never been greater.
- Serve well.
- Get back to the fundamentals, the blocking and tackling of business.