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Jeremy Meyers

Spotify, Business Models, Disruption, Spotify has landed in America.

The music-streaming service with 15 million songs in its catalogue is likely to be disruptive to the music industry in a way that Apple only dreamt of. Here are three reasons:

1. My vinyl is finally obsolete. I have a large collection of albums and cassettes that I’ve been reluctant to jettison–even if I listen to them only rarely. Enter Spotify, and I’m listening to The Go-Betweens, The Mekons, and Gang of Four again.

2. I don’t need a bigger iPod. It drove me crazy that I only had access to a small portion of my music library on the go (not to mention all the CDs that I’ve yet to burn). Until Spotify came around, I was thinking of investing in a mega-gigabyte iPod just to have everything at hand. Now I can stream what I want or download a playlist to listen to offline.

3. I can hear what my friends are listening to. Once our school days are over, most of us don’t talk music that much. Heck, if it weren’t for my brother (who totally turned me on to hip hop by suggesting artists to explore), my music collection would be stuck in the 20th century. Spotify lets me subscribe to my friends’ playlists. It’s digital curation, the music edition.

BusinessWeek has a terrific article about Spotify. One snippet that really stands out:

“Americans own their music; Swedes rent it… If Spotify gets what it wants, your records will no longer define you. Your playlists will.”

It’s an interesting piece about a changing marketplace, and worth reading.

Have you tried Spotify? Agree or disagree that this model will change the business landscape?

Update: A link to the BusinessWeek article has now been added thanks to alert reader Bill Farrell, who was able to find it online.

Disclosure: I received a beta invite to Spotify via a Klout Perk. Within two days I had upgraded to a Premium (paid) subscription.

Photo by Pink Sherbert Photography (Flickr).

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What is Instant?

by Daria Steigman on December 11, 2009

Two people recently have wanted to connect via Instant Messenger. The problem: I don’t use IM. I find it disruptive. It’s like a conversation that demands to be had, right now.

But what is instant? My friend Jeremy Meyers points out that Twitter isn’t, because when we receive information is dependent on our refresh settings. Adrian Chan called this streamtime in an excellent post a few months back.

While I guess I’m okay without instant-ness, I do value immediacy–especially online. I realized how much our expectations have shifted when someone tweeted out the “Breaking News” that Abe Pollin (whom I never met, but vastly admired) had died. But it isn’t new, was my first thought, I knew this 10 minutes ago. Then I caught myself and smiled.

How have your expectations shifted over time? And what are the implications for business?

Photo by Toni Rantanen (Flickr).

Have you signed up to receive the Independent Thinking newsletter? Now’s the time! Once a month I’ll send you exclusive, subscriber-only content highlighting interesting articles I’ve found, as well as tips on marketing, social media, and how to grow your business. Sign up today!

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5 Reasons I Love Twitter (And You Should Too)

by Daria Steigman on February 6, 2009

Have you ever gone through Twitter withdrawal?

I’ve been a bit quiet the last two weeks, and really didn’t mind being mostly offline. But solitude only lasts so long. So I officially re-energized today with what I termed my “social media catch-up morning.”

Friday’s my least productive day for traditional work, so I figured I’d put it to good use digging into my RSS Reader and reengaging with my Twitter community. It’s been a great way to remind myself why I love Twitter:

1. Conversation. Well, duh, you say. But apparently lots of people on Twitter have few followers and talk to even fewer people. Don’t miss this opportunity to engage people.

2. Listening. The Twitterverse is a very organic space, and you can learn a lot about who people are and how they interact by following them for a little while. Many of the people I follow are broadly in the communications world. Yet I know who likes football; who prefers wine, beer, or tequila; and where some of you spent your Xmas break. People are sharing pieces of themselves every day; you just have to be listening. There is also amazing knowledge sharing taking place; I could get lost spending time just following links.

3. Connectedness. We all recognize that Twitter is a great source for breaking news, whether it’s a tragedy (#Mumbai) or a celebration (#inaug09). But it’s also a great resource for reaching out through our expanded networks. I was reminded of this earlier today when Katie Adams sent out a tweet looking for a contact at Memorial Sloan-Kettering. I immediately retweeted it, and it was then retweeted by two more people. Within about 5 minutes, that message had reached about 4,000 people.

4. #followfriday. For the uninitiated, #followfriday is a way for you to give a shout out to people you find interesting, fun, provocative, or otherwise worth getting to know. More than that, it’s a terrific way to make new connections. I’ve met some great people that way, including several just this morning.

My #followfriday list for today included Linda Jacobson, Kim Wells, Marc Meyer, Jeremy Meyers, Charity Hisle, and Adrian Pittman. They make my list for three key reasons: they’re smart, they’re engaging, and they’re authentic.

Which brings me to #5…

5. Authenticity. When you’re conversing in 140 characters, it’s hard to keep your mask on for very long. Twitter’s a great way to filter out the authentic from the disingenuous. It becomes a trust barometer of sorts, a way to jumpstart relationships that may start online but then filter outward and offline.

Have I left anything out? Why do you use Twitter?

Have you signed up to receive the Independent Thinking newsletter? Now’s the time! Once a month I’ll send you exclusive, subscriber-only content highlighting interesting articles I’ve found, as well as tips on marketing, social media, and how to grow your business. Sign up today!

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