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| | #1 |
| Senior Warrior Member War Room Member Join Date: Sep 2008 Location: Honolulu, Hawaii, USA & Montreal Canada
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I have an idea yet another social networking service that in many ways is similar to Twitter. I enjoy Twitter myself but have always been curious as to how they make any money?
Any thoughts? Aloha Bill |
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| | #2 |
| Entrepreneur | Consultant War Room Member Join Date: Jul 2008 Location: , , USA.
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From what i understand they dont make money yet...I could be wrong. They raised $ 20 million and support a staff but no revenues. They are working on it. Perhaps others will have more info |
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| | #3 |
| Songster Shops War Room Member Join Date: Mar 2007 Location: , Arizona , USA.
Posts: 969
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I was reading an article in one of my magazines and apparently that's the problem. They have no real monetization model but they are working on it. It went on to say that one of the founding partners resigned because of it. |
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| | #4 |
| HyperActive Warrior War Room Member Join Date: Jul 2008 Location: Arkansas , USA.
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I believe thats right... I would post a link to a blog post that i found that confirms this, but i dont have 15 posts yet, so no links or images....sorry i couldnt be more help...ask me again in 7 posts. lol
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| | #5 |
| Creative Kid War Room Member Join Date: Aug 2008 Location: Oslo, Norway
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They are probably just building momentum at the moment. I think facebook did the same at first, but then they started with lots of advertising when a lot of people started using it. I think twitter will get some sort of advertising eventually. And even now, it's possible to buy tweets from people who are members at the different sites providing this. |
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| | #6 |
| formerly annoyedgirl War Room Member Join Date: Nov 2007 Location: USA.
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Don't have a clue. Good question. Guess they're not making anything?
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| | #7 |
| Active Warrior War Room Member Join Date: Sep 2003 Location: Baltimore, MD USA
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I think they are going to be doing the Facebook and MySpace model. * Open the doors with a "cool" service ... * Let it go viral ... * Get tons of bodies ... * Let it hit a momentum phase ... * Start monetizing the community ... I SURE AS HECK HOPE that they don't send out "Twitter Ads" ... that would really suck! |
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| | #8 | |
| Senior Warrior Member War Room Member Join Date: Aug 2004 Location: United Kingdom.
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I think your probably right Geeze the partner who resigned is going to be a bit sick when they do lol Quote:
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| | #10 |
| Trust Establisher War Room Member Join Date: Aug 2007 Location: Long Island, NY.
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The guy who created Twitter created other sites which I believe he sold for a major profit. So, I guess he could turn this one over for a cool 8 figures? |
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| | #11 |
| Dare To Be Different War Room Member Join Date: Nov 2005 Location: U.K.
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Hi, Google will buy it eventually and integrate it into their 'package of stuff' (google reader etc all signed into via gmail) and also their advertising network. Pure speculation, but I'm willing to stick my neck out. It has a worthy amount of eyeballs already. |
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| | #12 |
| Senior Warrior Member War Room Member Join Date: Jun 2007 Location: Lanarkshire UK
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I don't know if this is true or not but I read yesterday that Yahoo offered them $500 million of Yahoo shares but they turned it down to wait for a cash deal. Cheers, Neil |
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| | #15 |
| HyperActive Warrior Join Date: Mar 2003 Location: Kansas City, MO, USA
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They get money from angel investors. I think they were holding out to get bought out and then changed their tune. Details: Twitter Hiring Product Manager To Bring In The Revenue |
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| | #16 |
| kowulz.com Join Date: Dec 2008 Location: Upstate, South Carolina
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I still haven't figured out the appeal of Twitter. "I not only don't care about identity theft, but I want people to stalk me!"? Is it some form of self aggrandizing Megalomania? |
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| | #17 |
| Active Warrior Join Date: Jan 2009
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Social sites have huge potential for value. The good thing is the next big thing has to be different,youtube has many clones but non that rival it. For those who stumble on the new ideas and find ways to see the project through,they have a good chance of the big payday. |
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| | #18 | |
| Advanced Warrior War Room Member Join Date: Jun 2007 Location: Sydney, Australia.
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Twitter makes zero income. According to Evan Williams (the creator of Blogger), who's Twitter's CEO, monetization is imminent -- Twitter CEO: The revenue's coming soon, but I won't tell you how | Webware - CNET Quote:
Way back in 2003 when Google bought Blogger from Williams, no one could work out why. A year or two on, with the domination of AdSense then and since, everyone knows why. Watching what Williams does with Twitter will be fascinating in 2009. Cheers Angela | |
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| | #19 |
| HyperActive Warrior War Room Member Join Date: Dec 2008 Location: Jacksonville, FL
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Start-up capital from Venture Capitalists is paying everyone's salaries right now. Someone will buy it...most likely Google. When they do, large checks will be handed out all around and the partners will move on to the next big thing. Google will then monetize based on one of their current models. At least, that's my thinking... How much do you think Google would pay for Warrior Forum? There are a few thousand ACTIVE members in a specific Niche right here...I would think this property could garner some pretty hefty cash! |
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| | #20 | |
| Senior Warrior Member War Room Member Join Date: Mar 2008 Location: Toronto, Canada.
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Judging by Twitter's fanatical horde of users, I wouldn't be surprised if somebody eventually buys them out for 10 figures! | |
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| | #21 | |
| Dare To Be Different War Room Member Join Date: Nov 2005 Location: U.K.
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Hi Kowulz, Quote:
![]() If I play monopoly online for two hours, I can't possibly pretend to myself that I wasn't wagging off. If I am 'marketing' on twitter, in a manner where I am not going to (be able to) track the time vs ROI....I can tell myself I was 'busy'. | |
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| | #22 | |
| Senior Warrior Member War Room Member Join Date: Jun 2007 Location: Lanarkshire UK
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Cheers, Neil | |
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| | #23 | |
| Active Warrior Join Date: Nov 2008
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If it's treated like most people treat facebook or myspace (a million posts a day about your daily tasks, laundry, shower, etc.) you're not only going to not make money, you're not going to build a big list. | |
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Are you trying to make money online? Send me a pm and I'll be happy to help you get started on the right track!
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