Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
UK Population Growth - Latest ONS Immigration Statistics and Consequences - 24th Mar 19
The Fed Follows Trump's Tweets, And Does The Right Thing - 24th Mar 19
Yield Curves, 2yr Yield, SPX Stocks and a Crack Up Boom? - 24th Mar 19
Risk/Reward in Silver Favors Buying Now, Not Waiting for Big Moves - 23rd Mar 19
Similarities Between Stock Market Today and Previous Bull Market Tops - 23rd Mar 19
Stock Market DOW Seasonal Trend Analysis - 23rd Mar 19
US Dollar Breakdown on Fed Was Much Worse Than It Looks - 23rd Mar 19
Gold Mid-Tier GDXJ Stocks Fundamentals - 23rd Mar 19
Which Currency Pairs Stand to Benefit from Prevailing Risk Aversion? - 23rd Mar 19
If You Get These 3 Things Right, You’ll Never Have to Worry About Money - 22nd Mar 19
March 2019 Cryptocurrency Technical Analysis - 22nd Mar 19
Turkey Tourist Fakes Market Bargains Haggling Top Tips - 22nd Mar 19
Next Recession: Finding A 48% Yield Amid The Ruins - 22nd Mar 19
Your Future Stock Returns Might Unpleasantly Surprise You - 22nd Mar 19
Fed Acknowledges “Recession Risks”. Run for the Hills! - 22nd Mar 19
Will Bridging Loans Grow in Demand and Usage in 2019? - 22nd Mar 19
Does Fed Know Something Gold Investors Do Not Know? - 21st Mar 19
Gold …Some Confirmations to Watch For - 21st Mar 19
UKIP No Longer About BrExit, Becomes BNP 2.0, Muslim Hate Party - 21st Mar 19
A Message to the Gold Bulls: Relying on the CoT Gives You A False Sense of Security - 20th Mar 19
The Secret to Funding a Green New Deal - 20th Mar 19
Vietnam, Part I: Colonialism and National Liberation - 20th Mar 19
Will the Fed Cut its Interest Rate Forecast, Pushing Gold Higher? - 20th Mar 19
Dow Jones Stock Market Topping Pattern - 20th Mar 19
Gold Stocks Outperform Gold but Not Stocks - 20th Mar 19
Here’s What You’re Not Hearing About the US - China Trade War - 20th Mar 19
US Overdosing on Debt - 19th Mar 19
Looking at the Economic Winter Season Ahead - 19th Mar 19
Will the Stock Market Crash Like 1937? - 19th Mar 19
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19
Gold Price Confirmation of the Warning - 18th Mar 19
Split Stock Market Warning - 18th Mar 19
Stock Market Trend Analysis 2019 - Video - 18th Mar 19
Best Precious Metals Investment and Trades for 2019 - 18th Mar 19
Hurdles for Gold Stocks - 18th Mar 19
Pento: Coming QE & Low Rates Will Be ‘Rocket Fuel for Gold’ - 18th Mar 19
"This is for Tommy Robinson" Shouts Knife Wielding White Supremacist Terrorist in London - 18th Mar 19
This Is How You Create the Biggest Credit Bubble in History - 17th Mar 19
Crude Oil Bulls - For Whom the Bell Tolls - 17th Mar 19
Gold Mining Stocks Fundamentals - 17th Mar 19
Why Buy a Land Rover - Range Rover vs Huge Tree Branch Falling on its Roof - 17th Mar 19
UKIP Urged to Change Name to BNP 2.0 So BrExit Party Can Fight a 2nd EU Referendum - 17th Mar 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast March to September 2019

The Stock Market, the Music Industry and the New Network Economy

Stock-Markets / Sector Analysis Jun 16, 2015 - 05:35 PM GMT

By: Harry_Dent

Stock-Markets Someone rings the bell at 9:30 a.m. and gets the hell out of the way. All types of chaos erupt from second-to-second. Everyone knows, in real-time, what they made or lost.

Users drive the system. Not management. Management’s nowhere to even be seen. It’s merged within the light-speed, low-cost software and processes that make the whole thing possible.


In short, stock exchanges are the ideal business model — the perfect example of how you must organize around the customer, or bust! It’s run from the bottom-up, not the top-down… It’s a real-life, real-time network!

Today, that’s even more critical. Why? Survival. Survival of the fittest, to be precise.

Recent statistics from the International Federation of the Phonographic Industry — the guys who push and promote the record industry worldwide — show that revenue fell below $15 billion in 2014. It’s fallen every year from 1999’s figure of $26.6 billion! NPR also discussed that platforms like Spotify that give listeners free access to much of the world’s recorded music is quickly killing the increasingly outdated CD… and its younger sibling the MP3!

But that is the new trend: Make it as easy for the consumer as possible!

Talent shows like American Idol, America’s Got Talent, The X Factor, and The Voice that dominate the TV ratings are a great example of how businesses in that industry are ensuring their future survival.

In the good ol’ days, talented new singers or performers had to struggle to find a good agent that was connected to the best producers or record labels. They paid clubs just for the opportunity to perform in hopes that someone would discover them. They lived in tiny apartments and ate dry crackers and cheese, affording the minimum to survive so they could focus on their dream.

Agents didn’t give a damn. They didn’t have the time of day for thousands of wannabe artists desperate to strut their stuff… not unless one of their high-and-mighty contacts or associates recommended someone. It was a top-down, dog-eat-dog environment. The listeners and viewers were at the mercy of the system. They could only consume what was put in front of them.

Talent shows have turned that world on its head. You don’t have to be a starving artist to have a chance. But the competition’s even more fierce! Thousands of people can now line up — in person, or via YouTube submissions — to a captive panel of decision makers. They put them in front of us… and WE choose who we want to listen to or not.

In this bottom-up system, the cream rises to the top, even from the most unknown layers of society. Once those with real talent have separated themselves from the delusional, their success no longer rests on the shoulder of a disinterested agent or inflexible music house. Major new stars, like Jennifer Hudson or Colton Dixon, have emerged solely out of this process. They became stars overnight based on consumer demand. Their predecessors? By luck or connections.

This, in essence, is the work of the invisible hand — a free market, bottoms-up process that requires good political, legal, and financial systems, with minimal regulations. It’s a place where the consumers get to choose what they wish to consume, instead of being told. Win-win. That’s the motto of the new network economy.

And the key is innovation. Finding ways to constantly make improvements… learning lessons from failures… being flexible and fearless enough to make radical changes. Shows like The Voice completely changed the way singers are judged, the way the judges interact, and the way to best get consumers what they want.

That is the lesson for businesses in this time of rapid change. We’re in a time that will only usher in the new network model more rapidly, as entrepreneurs increasingly rely on the thread of interconnectivity to last this winter economic season. Businesses that want to prosper must learn to adapt with these changes… and fight if they want to survive.

If you run a business, take some pointers from this network model. Establish and build your Internet presence. Have someone test your website to ensure its usability — and profitability! Hire a digital marketer. Hire a keyword researcher — freelance them if necessary! Find ways to help existing and potential customers feel like they have a voice.

Let them collaborate with you… don’t just keep doing the same old thing because it’s worked for years! A new standard has been set, and customers won’t be willing to work as hard to get what they want from your business if your competitors are doing a better job.

Harry

http://economyandmarkets.com

Follow me on Twitter @HarryDentjr

Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.

Copyright © 2015 Harry Dent- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Harry Dent Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules