Tag: CoTweet

  • “What will you do when the money goes?”

    Even as stories abound about a Google acquisition of Twitter, Adage had a story on how Google is already making money out of tweets. According to the article, Google is offering ad units that display the client’s five most recent tweets across the AdSense network. The link leads straight to the client’s twitter account, and the campaign is measurable by the increase in follower count. One could say that Twitter gets some publicity out of this, but its obviously not getting any money.

    The ad network Federated Media recently launched ExecTweets, a site that aggregates tweets from business executives. The site is sponsored by Microsoft. With a twitter account, you can join the conversation, receive tweets from the community and vote for tweets and execs. At least on this one, Twitter will make some money.

    Since we have mentioned two biggies, might as well mention the third too, though what they’re doing is different from the above. Sideline is the desktop app from Yahoo, that runs via the AdobeAIR platform. It can do custom search groups, advanced queries and auto refreshes by pulling in data from tweets. There are other services that offer similar features, but maybe there’s more coming. And it does promise 20% more awesomeness. 🙂 On a tangent, a service called Say Tweet, which I have used in my personal blog to display my Twitter status, does give a sense of what Yahoo could do with Flickr and Twitter.

    In addition to the biggies above who’re using Twitter, there are numerous applications and services being built based on Twitter, and several others inspired by Twitter. A few examples. Tinker, from advertising and publishing network Glam Media, allows users to track real time conversations (from facebook and Twitter) happening around TV shows, entertainment events, conferences, and so on. It gives information on events by showing most followed and most discussed streams, popular events, and on trends with charts and historical data.  It also has embeddable widgets, which can be used to view a feed as well as update. They already have advertising and featured events and have further monetisation plans. iList Micro, from the iList service that alllows you to broadcast your listing to friends across networks, is the Twitter version and uses the hashtags #ihave and #iwant to create a simple process of classifieds. I have already mentoned Yammer (which now offers integration with Twitter), and Blellow in earlier posts, which are renditions of Twitter for more niche/enterprise uses, there’s also status.net arriving in a couple of months time.

    In spite of the several ways in which business are using Twitter, and the potential, I actually get worried when such services pop up on a regular basis, because I fear that when each service figures out a revenue model, one door could possibly be closing for Twitter itself. For instance, recently Jeremiah Owyang had a good post on social CRM being the future of Twitter, and within a few days, I read about Salesforce adding Twitter analytics to its CRM offering, and about CoTweet, a part marketing-part CRM tool.

    Twitter hasn’t been idle. From experimenting with advertising on profile pages (for third party and own apps, free for now) to tweaking title tags for better Google results, to hiring a concierge for celebrities (yes, really!) a lot is being done. And there’s also a new homepage design (limited roll out) which gives more prominence for the search function and increases homepage stickiness. It will also display popular trending topics (like in the current search homepage). (Hmm, perhaps one ad every 5 items, I wouldn’t mind that when i search)

    With the new funding, perhaps they have enough money in the bank to wait, watch new services, and incorporate the popular ones into their own functionality, in order to provide a diverse and robust service to all kinds of users.  Twitter is so open ended that it is different things to different people, but I wonder if identifying a few areas that they’d want to develop for revenues is of prime importance now. What I’m worried about is other services staking out potential revenue models, and whether addition of features towards no particular intent might result in everyone else but them making money out of these very features. But hey, maybe they have a plan. 🙂

    until next time, tweet dreams

    PS. the lyrics of the song mentioned in the title 🙂

  • Web 2.0 and transience

    As I am wont to do at infrequent intervals, I came up with one of  those  quirky connections – this one, for Tata Sky. I mentioned on Twitter that “aamir’s ghajini character could find Tata Sky Plus’ features quite useful-pause, rewind, record 😉 wonder if they’ll make a TVC with that”. In the days that followed, Asin has been extensively used in the Tata Sky campaign, so now I’m hoping thay actually make that TVC, complete with the Tata Sky helpline number tattooed on Aamir. 😉

    It led me to a tangential thought on social media. (the FB, Twitter variety, not business networking like LinkedIn) In what might amount to blasphemy, I wondered whether brands should make desperate efforts to be ‘engaging’ in social media. They need to be there definitely, but perhaps its only to know what’s being talked about them, and why. They perhaps need to be there more for reactions than actions. This also saves them the challenge of generating interesting ‘engagement ideas’ at all times.

    Why did I think all this? Because I realised that the engagement is being created by users themselves, for each other. For non web 2.0 brands, the engagement is most likely a result of something that’s been done offline. A TVC, a billboard, a radio jingle and so on. Must say, this perspective on how to use twitter for Marketing and PR made me think too.

    At one point, web 1.0 used eyeballs as measurement, that’s an idea thats not going anywhere great? Web 1.o gave us many great websites and lessons, but in a few years time, we jumped into web 2.0. The attention span and shelf lives for most things are becoming smaller. Is web 2.o just a transient phase that is needed to get us to another version? The optimist in me (which is usually bullied into submission) says that when a certain version is reached, the engagement and revenue models will manifest itself in an uncomplicated manner. (now you know why it needs to be bullied). Maybe the baby steps of getting connected are meant for simple things. Maybe it is only meant to let businesses know  that a connected world can shake up existing models. Maybe there’s some growing up to do, some discovery to be made, before revenue models and engagement by brands can happen as a regular occurrence.

    Or perhaps I’m going out of whack and being impatient. Center Networks has a good comparison of Web 1.0/ 2.0 revenue models and profitability. As this good post sums up in a different context

    New business models for media require entirely new exchanges of value — it’s not about finding new ways to balance the old equation.

    Perhaps the more meaningful discussions lie in figuring out how the basic pillars of web 2.o – connecting, sharing, collaborating-  can be used to build brands. The ‘How to use Twitter/Facebook for Marketing/PR’ are based on tools, and that would mean that we’ve been confusing tactics for strategy.

    until next time, discover 🙂

    PS: A few things that I thought were good to share

    Discovery Is The New Cocaine – Going Beyond Engagement

    View SlideShare presentation or Upload your own. (tags: discovery ux)

    Social Media PR vs Social Media Marketing, and in context,a tool – CoTweet, that’d be a help to teams handling a brand on Twitter.