I'm not going to speculate on Twitter's plans for making money or how they could do it. Except for one idea that struck me today.
One of the "people" that I follow is a cafe in #yyc (Calgary) called @kawacalgary (I'm not sure what "Kawa" means, but it is a cool coffee shop). Looking at Kawa's twitter account, I noticed that it didn't really have that many followers: only 44.
But I know something about each of those followers:
- I know that those people like Kawa Coffee (why else would they follow it on twitter?)
For Kawa, this is a permission asset1. Certainly Kawa could continue the conversation they have with each of these people.
But what about me?
I'm not sure what the right system
would be, but I think that it would be good if twitter allowed for some measure of interaction between "followers" of a business.
I don't want to spam them all and twitter's interaction is different from a comment board or Facebook-style "wall." (I'm also not advocating for spamming the followers.)
My point is that there must be some what to better organize the system (twitter) around the facts:
- There is a permission asset2 there: people have expressed interest in the product and having a conversation with it.
- There is a communal feeling around shared knowledge: meeting people (in person) who frequent my favorite coffee shops has a serendipitous effect. Why not create that feeling online?
- Any given person knows some of that community, but not most of it.
- Enabling relationships would increase the perception of the brand.
It seems to me that if companies spend lots of money on "micro-sites" for various brands, they'd be willing to engage people in a similar, but different, fashion via twitter.
Links & Notes
Links: @kawacalgary on Twitter. Kawa Calgary's website (currently under construction, recently was online).
- It's a permission asset in the sense that Kawa's followers are saying: "I want to know more about your service, you have permission to tell me more." This bodes well for the rumor that Twitter would charge businesses to use the service: if it means that customers can express interest in and give some permission to a business, that has some value.
- The current "permission asset" in twitter is hard to gauge: a "follow" means different levels of engagement to different people (arguably Facebook friends and LinkedIn connections are also vague in a similar way). But there is a definite permission asset there.