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Monetization and Social Media

A very interesting Reddit debate is going on right now.

Thumbnails are pretty lame. Click on the image to view the full post!

Quick summary: Director of Anime Expo hosts a discussion on “why people download anime illegally, and […] what [you] would do to change the industry.” Receives 269 comments within 8 hours.

There are some very interesting comments here about the monetization of a very large, and growing, industry. But what I would like to focus on are the comments made by the original poster (OP):

Click on the image to view the full post!

The OP claims that anime titles and companies in Japan are not looking at social media sites like Reddit and MAL. If you’ve been following any of my recent posts, you’ll realize just what kind of an opportunity these companies are missing out on.

There is a gold mine out there.

I’m an image! Please click me!

Here we have a consumer from Indonesia who feels that s/he is forced into a position where illegal downloads are the only option, since legal options don’t exist or are unattractive. Through this one Reddit post, we’ve already identified a possible audience to cater an existing product to; the only difficulty is measuring the size of this market and profitability. But, if done properly, someone out there could capitalize on a potential high-margin market.

I’m a very big supporter of listening to the consumer through social media channels, and here I feel that this Reddit discussion greatly supports my point. There is a lot to be learned from these channels, and I’m on a mission to become a social media master.

Until next time, signing off.

-Chris

 

By christopherlam

BCom student at the Sauder School of Business with experience in group initiatives and leadership roles. Able to balance both academic and extracurricular endeavours with proven success. Enthusiastic, cooperative and motivated to work in team projects. Speaks fluent English and Cantonese. Likes to copy and paste biographical information from his resume, and speaking in third person.

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