Twitter Blows Doors Off Of Other High Volume Web Sites
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Twitter is unlike anything I have personally ever seen in my own lifetime. Unlike Digg, Reddit or other high traffic Web sites, Twitter has managed to shoot up to 32 million visitors in what seems like hardly any time at all. What I think makes it work is the fact that its free, provides a tremendous amount of flexibility and of course, allows its users to really express themselves.
Despite this success, I think Twitter is still working to get its land-legs with regard to a steady business model. While they clearly have a grip on their followers, finding a means of revenue outside of venture capitalists seems to be a bit of a miss thus far.
Still, with the talk about Twitter using twitter tools as a source of revenue for pro level users, we might very well see the birth of something that could financially amount to the next big thing. Might not be a Google size success, but it could still be significant.
3 Comments
Ron Knights
May 21st, 2009
at 10:51am
I’ve grown increasingly bored with Twitter.
Far too many people post the most boring aspects of their lives.
I don’t need to know what kind of sandwich you had for lunch.
I don’t need to know how many calories you consumed for dinner.
You get the idea.
I have drastically reduced the number of people I follow on Twitter.
Lawotn
May 25th, 2009
at 10:01pm
Well that’s just it, Ron. Twitter is only as useful as you make it out to be. Some people enjoy the most mundane things such as what you mentioned. If you don’t enjoy those trial facts, follow someone else.
Zavrion
May 25th, 2009
at 10:06pm
In regards to a business model, when you develop a service your focus should be on growth over monetization. They may just sell it when they can’t afford to run it anymore, like auction ads.
I’m just going to assume you know what affiliate market is, lol. Personally, thats how I make a living, and twitter is far more useful than a Google Adwords campaign. Which IMO is an unnecessary risk when you’re dealing with a low budget.
Have you ever heard of mixergy.com? Basically this guy Andrew Warner interviews a bunch of CEOs from startups to get a feel of how they do things. Since early this year practically every person he’s interviewed has mentioned Twitter as a source of generating traffic.
When you experiment with viral media you learn pretty quickly that social media generally doesn’t convert(generate lead/sale). In that respect I don’t think Twitter can be classified as a social media. Its become the ultimate source of non invasive contextual advertising.
Sorry, that was a little long, but I believe the majority of people are only going to look at surface. Rather than digging deeper into what it actually means to profit off of a service.