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Traditionally, the most valued content was original.

This emphasis developed within a content model of constrained distribution and expensive production costs. When there are only a handful of distribution points for content — some magazines, books, a handful of TV station and radio stations — the way to build audience was to deliver original and exclusive content experiences.

The explosion of cable TV expanded a different kind of content model, the Commentary, where original voices offered their perspective on original content created elsewhere. Think of The Daily Show or the Mystery Theater 2000 on the SciFi station.

In today’s world, high quality production is within everyone’s reach and distribution is as easy as uploading a video on YouTube. This content that is being created isn’t bad, either. In fact, there are thousands and thousands of original voices where there were once just a handful.

Into this explosion of information comes the concept of Curation. Long-time tech journalist Paul Gillen weighed in on the value of taking a curatorial approach to content in a post about the Chile earthquake.

No longer is our problem lack of information; it’s that we’re drowning in information. That’s why curation is so important. Trusted curators who point us to the most valuable sources of information for our interests will become the new power brokers.

5B1BE826-C20F-45AE-A6D2-65CD5A0205D6.jpgIn a conversation today with two of our top editors, one shared how popular a weekly round-up of interesting blogs and bloggers in her market had become.   Doing the roundup had created an entirely new energy in her market, with new information sources appearing and more interest developing from her readers.

The blog round-up isn’t original, neither as an idea nor as content.   It is incredibly valuable for an enthusiast who wants to improve their web experience by finding good information about things that are interesting to them.

Gillen points out that the concept of curation shouldn’t be limited to media brands.

Marketers should take this trend into account. Creating new content is important, but an equally valuable service is curating content from other sources. This demands a whole different set of skills as well as a new delivery channel. It also means ditching the “not invented here” mindset that prevents content creators from acknowledging other sources.

Content curators have the task of creating trust and confidence in their social circle through the selection and sharing of quality pieces of content.  The curator needs to be able to grasp what is of interest to their social circle and to evaluate what pieces of content should be shared.

Media brands and marketers have social circles that are already primed to be exposed to high-quality content curation.  The members of these social circles have indicated preference and interest through their interaction with the brand.  Setting a goal of enriching the web experience of your social circle, and asking yourself the question, “Would my social circle find this interesting?,” when you encounter fresh content will help you build your authority and enhance your connectedness with your market.

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The January home sales report from NAR felt to some people like a letdown — the annual rate of home sales dipped from 5.4 million in December to 5.04 million in January. Some pundits, citing the wildly wrong consensus projections from economists, characterized the results as a bad turn for the housing market.

Step back and you’ll see some encouraging signs of a normalization of the existing home market.

The chart below shows the percentage change in January home sales versus prior year for the last 10 years. (This figures are not seasonally adjusted, reflecting the actual number of transactions in each period.) Since 2006, January sales had been down from the year before. January 2008 was the deep point of the housing slump, with the market coming to a screeching halt that winter. Last January improved somewhat, but still declined from a much lower base. This January, home sales were up 7% over last year. That is forward momentum.

yoy sales jan.png

2009 was a year of two halfs: Home sales were down versus the prior year each of the first five months, and then posted increases in each of the following seven months.

The huge year-over-year increases of October and November were anomalies, driven by buyers hurrying to take advantage of a tax-credit that they believed was expiring.

yoy ch home sales.png

The composition of the housing market was highly unnatural in 2009. First-time home buyers made up close to 40% of the market; distressed sales made up close to 30% of the market. The jumbo mortgage market was essentially closed down for the year, putting intense pressure on the high-end.

And, many of the macro dynamics that contributed to the unnatural composition of the market continue to weight it down today. The job market is fragile and a high number of bank-controlled properties comprises a shadow inventory that puts pressure on home prices.

Despite those conditions, the market appears to be in the midst of a recovery.

The recovery is choppy, but it is being driven by a reasonable impetus. People are looking to buy homes, and sellers are reading the market more rationally, pricing homes in order to transact. The sheer human momentum of housing — families forming, expanding, contracting, moving — is creating the underlying energy for home sales. This activity is what has always been the foundation of a rational housing market.

This recovery in the home market isn’t going to lead the economy out of its slump, as in other recessions. To generate strong economic activity, we need an upswing in home building. For the foreseeable future, there is a surplus of existing housing stock — including bank-controlled properties that are held off market — and new construction isn’t needed to satisfy excess demand.

But a recovery in the existing home market is critical to helping to bolster the feeling of security, opportunity and flexibility among the American consumer. And that recovery is clearly underway.

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Shiller says the national mood is the key to a recovery?

February 1, 2010

What role is human emotion playing in the prospects for an economic recovery?
Robert Shiller expressed his concern in this Sunday’s New York Times that a deflated population, burned by the excesses of the last decade, are feeling detached from the responsibility and opportunity to drive an economic recovery.
A USA Today/Gallup poll, for example, found this [...]

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A point in the displacement of Retail Sales by E-Commerce: Holiday Season 2009

January 18, 2010

The highlights of the holiday season are being presented in dribs and drabs. Earning seasons will tell us a lot. The consumer was clearly trying to generate energy in fits and starts. Spending was still tamped down.
But within the story about overall spending, there’s another significant trend: More and more buying [...]

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Local business & social media: A ground level view

January 6, 2010

Over the past four months I’ve had the opportunity to visit a number of markets around the country to give my presentation “The Hidden Power of Social Media: How to Improve Your Networking, Increase Your Web Traffic & Generate More Leads Just by Being Yourself.”
More than 700 people have attended these sessions. The attendees [...]

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Happy New Year!

December 31, 2009

Wishing everyone a safe and healthy Happy New Year. A special thank you to everyone at NCI. In 2009 you demonstrated remarkable strength, perseverance, energy and good spirits. My wish for all of you is that in 2010 your labors bear fruit. I hope that we all remember the lessons of the past year and [...]

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10 years past, 10 years forward

December 23, 2009

10 doesn’t sound like a big number, but when you start looking back over a decade, 10 years of an ever-expanding and innovating world, 10 years feels huge and unwieldy.
At the beginning of this past decade (the first decade of the 21th Century…how cool!) I was working with an Internet company called Themestream, started by [...]

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