Twitter has revealed there plan to monetise on the popular social media platform and their idea is - promotional tweets and advertising!
Woo hoo!*sarcastic tone*
We were expecting some amazing announcement on a new way to make money but it seems they are following facebook and Google with pay per click style adverts and are now offering businesses the chance to pay people to retweet there comments and posts!
I'm not sure if this will work but I will be pissed off if my timeline on Twitter suddenly gets filled with Starbucks adverts and posts!
Businesses can use Twitter to manage their reputation and engage with their clients, this is a natural progression and has worked well for businesses who have genuine information and informative articles to share. Businesses that do the best will converse with other users and share other peoples posts as well as their own.
We'll see if Twitter makes this work and if the adverts scare off users like they did on MySpace. I hope they make it work and progress from phase one of the buisiness model to omething a bit more elaborate.
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