Tuesday, October 23, 2012

Twitter as the ultimate focus group

Twitter's relevance to the advertising world continues to expand, even if the Twitter platform itself isn't looking anything like the next google or Facebook. The WSJ reported that brands are scouring Twitter conversations for the content of their ads, trying to mimic or respond ot what their actual customers are saying or, in the case of Samsung, what their rival's customers are whining about. Samsung took complaints about the iPhone 5 and turned them into a TV spot, a neat convergence of social media marketing and traditional mass advertising. Other companies are tweaking their long-running messages to better reflect what their customers care about by analyzing Twitter data. 

Does it work? WSJ says that Samsung's poke at Apple has been viewed 32 million times on YouTube. So, um, yes, it worked in the sense that people watched it. Will that translate into higher sales for Samsung? Maybe. More important is what this says about Twitter role in the marketing universe. Twitter is the least commercial of the major technology platforms—Google, Amazon, Apple and Facebook are all explicitly commercial to one degree or another. Twitter, on the other hand, barely taps its audience for revenue—you might see a suggestion to follow someone who paid for the privilege, but that's about it at present, one reason that the company has yet to go public (it helps to make money). 
Yet there's mounting evidence that Twitter's very uncommercial nature may be its greatest asset, not only to its audience but to advertisers as well. 

Twitter is becoming the portal through which many people keep track of the more important news in their lives—Facebook is for baby photos, Twitter is where you keep up with Nicholas Kristof or Salman Rushdie or, um, Bieber. That gives it a legitimacy and power that few social media can match right now and it's been showing lately. The conventions and presidential debates both saw huge surges in Twitter traffic, enough data and conversation that mainstream media was forced to report on it. There was the Big Bird flap that led PBS to respond very publicly in tweets, even bringing President Obama into the tweet barrage. Now advertisers are starting to look at Twitter as the ultimate focus group. Can Twitter turn that into a revenue source? Should it? One thing is certain—Twitter has tapped into a demand for unfiltered conversation and commentary on a more adult level than other media have been providing.

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