No more free lunch, now Twitter has paid Ads April 14, 2010Posted by Edwin Ritter in Trends.
Tags: paid service, tweets, Twitter, Twitter Social Media
add a comment
The recent announcement that Twitter will soon be supporting paid ads brings to mind the cliche about lunch. You’ve heard it before, “There is no such thing as a free lunch”. And so it comes to pass for twitter with paid tweets. By offering a paid service (and thus, revenue), twitter will entice sponsors to pay for lunch.
It was always a matter of when, not if, twitter would introduce paid services. While they have plenty of funding, this is the first revenue bearing model for twitter and everyone will be watching it closely. Specifically, the service provides a way to have “promoted tweets” at the top of some search pages, clearly marked as ads. The tweets will appear using the same 140 characters and does not include use of images. The difference will be that paid tweets will appear at the top of the search results. Hmm, we have seen this before with google ad sense. That worked out well and I expect success here also.
It is another step in the evolution in use of web 2.0 tools. Promoted tweets will lead to creative ways for brands to interact with us. How soon will we adapt to promoted tweets? I expect it depends on what’s for lunch.
Regardless of what is on the menu, this new service will inititate a new round of creativity. What do you think? Will tweeted ads be a major driver for market advertising spend this year? Bet you didn’t see that coming. What does it do to your budget? Change your goals? Will this divert funds from other platforms? How quickly will major brands adapt and sign up? Does this lead to new business opportunities for you?
Comments invited and I look forward to your thoughts.