Me and probably a couple million others... I wonder what it costs? It would have to be awfully, awfully cheap to be worthwhile...
So far I am not sufficiently enticed to sign-in yet. Thought I would solicit comments and opinions about the concept here first.
Well, "#TWITTERADS" just gave me a plethora of info...
I think I'll sign in and poke around.
"Twitter's 2012 mobile ad revenue exceeds Facebook's 2012 mobile ad revenue, $129.7 million to $72.7 million"
Source: Reported by Katy Finneran (@KatyFinneran), Social Media Maven @bloombergtv
I tried to sign in and it wouldn't let me.
Plus, a tweet mumbled something about: "Suggests $1.25 per new follower or $0.75 per click. Invites are 100% random."
My short answer to that pricing structure is: "No way in Hell."
Glenn is correct, Mobile Adverts from Twitter platforms exceed FB nearly 2:1.
$1.25 for a follower or $0.75 per click or RT.
That is not all that bad.
The Trending is fairly easy to keep up with. Promoted Tweets, ReTweets, Exclusive Tweets, etc. If 100pp begin following your #Trend, RT {promoted} hub tweet, that's $125 or $75 in cost. As a business and web/mobile based software developer I would advertise this way and have no trouble paying out those numbers in respect to the volume of traffic and potential sales generated simply by mentioning or RT. My products range from $50 to $25,000. the average ration is 1:3 pitched customers become sales.
So 150 - 125 or 75 leaves a small profit and certainly 25k - 125 or 75 works too.
Virgin Airways will definitely pay 1.25pp since 1000 followers is the retail price of 1250 round trip to Moscow. At least 10pp are going to book tickets.
James.
Glenn usually is.
You've got a real business selling real products/services. So, for you this would work. For me, however, my sole option at this point would just be to get hub traffic.
What exactly is a Blimey? And how much could I sell one for?
That's so kind of you paradigmsearch, but I can't take the credit. That info was from the reporter I mentioned at Bloomberg.
I'm considering this for my business. Like jacharless, I also sell products. Mine are in the range of $200 to $500. So if the numbers work out right for me, it could be worthwhile. However, I don't think it would pay to use it to get Hub traffic.
Thanks, jacharless, for giving that example of how the numbers work out with the cost of advertising on Twitter.
By the way, Facebook never figured out how to make money advertising on mobile. This is one of the major reasons why Facebook stock fell to half the IPO price already. Started out at $38 and today it closed under $19. I'll be watching closely how Twitter mobile advertising works. It looks promising for the right business.
Although this may appear to be a good way to make money, the rapid commercialization of social media is a cause for concern. Originally billed as a method for communication, Twitter has now become a hub of spam and trolls. Celebrities are also boosting their egos by the number of followers they have. Now that money is going to be an official ingredient to the mix, you will see an increase in the number of restrictions on the people that try to use this service free of charge. FaceBook here we come. Perhaps Twitter will also issue a hyped IPO only to come crashing down to earth a few months later. Forgive me for being cynical but this is what has been happening to social media networks.
I guess it all depends who you follow on Twitter. I find it a goldmine of timely information.
I don't follow celebrities, I have to agree with your comment on that one. There's nothing to learn from their tweets.
But then again, I do follow tweets of useful info, such as Matt Cuts of Google, SeachEngineLand, and various news media. I even follow HubPages' tweets for current updates so I don't miss anything.
I signed in and perused things...
Their billing terms really give me pause. What they essentially say is:
1. Give us your credit/debit card info.
2. We will decide what you owe.
3. We will take what we decided you owe whenever we want.
4. No. We are not going to bill you. We are just going to take it. Period.
I have learned in life to not trust a large company just because they happen to be a large company... If something goes wrong, welcome to the joy of cleaning the mess up...
it's that gimme, gimme, gimme your money mentality again!
It's the account hacking, software glitches, bill padding that scares me. Your unrestricted money is taken, all your other bill payments bounce, etc.
Google's way is much better. They are pay-as-you-go. You pay them whatever small amount you want in advance. When your balance hits zero, ad placement auto-stops. Minimal vulnerability to evilness and other that way...
Get a pre-paid card and load it with only what you are willing to spend!
Good idea! Twitter does get very excited about failed charges, though. I think the reason for that is that others are also doing what you suggested.
Which means:
1. I am not alone in my concerns.
2. Yours really is a good idea.
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