For quite a while now everyone and their brother has been lobbing the “when are you going to really monetize Twitter” bombs into the micro-blogging giant’s front yard. It’s a popular thing to do but as of late that cry has lost a little steam (in part due to having real business people like Dick Costolo at the helm) and the latest move by Twitter could put a dent in one of the Internet industry’s favorite pastimes for sure.
The Next Web first reported the new Twitter for Business section and reported
The new version of business.twitter.com will provide business owners with twitter success stores, ideas, tips, tools and resources. Some of the tools included are information on promoted products and tutorials one how to communicate with customers using mobile.
Twitter’s business tools range from basic tips “What is Twitter” to more in-depth information on analytics, case studies, API integration etc.
The main page looks like this and the big attention getter is on the right side, which might as well read “Give Us Your Wallet”
Twitter is no longer just giving advertising a try with a few select folks. Now it’s official that Twitter is really open for business. It’s kind of sad to watch the old “Twitter is cool but hasn’t made a red cent” days go away. Now we have to look at Twitter as a legitimate business. Now whether what they do is meaningful is whole other story.
Along with this new way to get into advertisers pocketbooks, Twitter has updated its Twitter 101 offering with a new presentation of its old material and additional updates.
It appears now that Twitter is moving into the next phase of its development. How well it will work remains to be seen. Does advertising on Twitter give advertisers the best bang for their buck? Will more advertising be a positive or negative influence on the overall experience? To listen to Jason Falls tell it to ReadWriteWeb you certainly get one possible side of the argument clearly.
“Selling trending topics is like gaming Digg,” Falls said.
“Twitter is inviting marketing money bags to completely ruin the organic nature of the tool. When I look at something like that, I tell clients, ‘They’re just whores for your money.’ It’s obvious they’re making Facebook-like errors to try and compensate for the fact they never had a business model in mind when they built this thing.”
Yikes.
It’s too early to tell anything at this point but it does appear as if 2011 will be the Year of Real Revenue Generation for Twitter. If it isn’t then how much longer will investors put up with the excuses / reasons for not making much to this point?
We hear it all the time, do something you are passionate about and the money will follow. While this may be true in some situations, it doesn’t apply to everything. However, if you are just starting a blog and have no idea where it could go, or how long you will stay interested, you might as well write something you are passionate about. This will not only provide quality content that you really know about, but you will want to stay active with your blog and it won’t die out for lack of interest. Depending on how many other people share your interest, and the success of your blog, the potential in this area can swing either way.
This one can easily fall into the “blogging for passion” category. It isn’t enough to simply watch our favorite players and teams on TV, but we also want to have our own thoughts and opinions and meet with other fans of our teams. Having a sports blog about your favorite team or player, is a great way to start a blog that makes you want to keep writing more and more content. If your sports blog gets enough attention, you may even be able to score some free game tickets, press passes or interview a few sports players. Revenue wise, sports blogs are tough because there are so many, but many sites offer affiliate programs where you can earn commissions on any referred sales for sports tickets, memorabilia, apparel and sporting goods.
A different, but very effective methods for making money with blogs, is through niche marketing, or mini sites. The concept of niche blogging is to create a blog on a small specific topic, then being one of the best blogs in that niche (mainly to rank high in search results). If you wanted to make a niche blog about “red widgets”, you would want to get an exact match domain name such as “redwidgets.com”, write specifically about red widgets, link to Amazon red widgets products you could buy, adding Google Adsense to your site and so on… Having a tight niche blog is a great way to teach yourself how to blog, while giving you the best chance for making some money in the process.
I know I mention it a lot, but I’m a huge advocate for having a great custom blog / web site design. With that said, I am always finding new designers to work on web design, but it is always tough to find a quality designer that can provide both high quality design and PSD to HTML cutting as well. If it isn’t the quality you are having an issue with, it might just be the extra cost. You do have an alternative though, there are many sites that specialize in just PSD to HTML services, where they will cut up your design and have it ready for you within a day, or even hours.
Posts
