Astounding Facts for New Economy Entrepreneurs!

!         78% of consumers trust peer recommendations

!         Only 14% trust advertisements

!         Because of the speed in which social media enables communication, word of mouth now becomes world of mouth

!         Yrs to reach 50 million Users : Radio 38yrs, TV 13 yrs, Internet 4yrs, Ipod 3yrs, Facebook added 100 million users in less than 9mths and is on target to have ½ billion by Dec 2010, Iphone apps hit 1 billion in 9mths, Twitter believes it will have 1 billion users by 2012 which will make it the pulse of the planet

!         1 in 6 higher education students are enrolled in an online curriculum

!         The fastest growing segment on Facebook is 55-65 year old females

!         80% of Twitter usage is on mobile devices. People update anywhere, anytime – imagine what that means for bad customer experiences?

!         There are over 200,000,000 blogs

!         54% = Number of bloggers who post content or tweet daily

!         1 in 8 couple married in the US last year met via social media site

!         By 2010 Gen Y will outnumber the Baby boomers and 96% of them have joined a social network

!         2009 US Department of Education study revealed that on average, online students out performed those receiving face–to–face instruction

!         34% of bloggers post opinions about products and brands

!         In the near future we will no longer search for products and services they will find us via social media

!         More than 1.5 million pieces of content are shared on Facebook daily

!         If Facebook were a country it would be the world’s 3rd largest bigger than the USA.

!         Social Media has overtaken pornography as the #1 activity on the web.

!         The top 10 in-demand jobs in 2010 did not exist in 2004

!         We are currently preparing students for jobs that don’t yet exist using technologies that haven’t been invented yet in order to solve problems we don’t even know are problems yet

!         The US dept of Labor estimates that today’s learner will have 10-14 jobs …….by the age of 38!

!         There are 31 billion searches on Google per month – in 2006 this number was 2.7 billion

!         The first commercial text was sent in December 1992….today the number of text message sent and received everyday, exceeds the total population of the planet.

!         The amount of new technical information is doubling every 2 yrs which means a student studying a 4 yr technical degree, ½ of what they learn in their first 2 yrs will be outdated by their 3rd yr of study


“Convergence is everywhere. It’s easier than ever to reach a large audience but harder than ever to really connect with it.”



Thanks to “Did you know 4.0”, “Social Media Revolution” and “You can’t be My teacher “on You Tube


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