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#1 |
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Advanced Warrior
War Room Member
Join Date: Sep 2008
Location: Honolulu, Hawaii, USA
Posts: 775
Blog Entries: 1
Thanks: 134
Thanked 201 Times in 132 Posts
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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 |
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JV | Launch Management
War Room Member
Join Date: Jul 2008
Location: , , USA.
Posts: 1,294
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Thanked 260 Times in 81 Posts
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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 |
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Songster Shops
War Room Member
Join Date: Mar 2007
Location: , Arizona , USA.
Posts: 870
Blog Entries: 19
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Thanked 87 Times in 65 Posts
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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 |
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Active Warrior
Join Date: Jul 2008
Location: Arkansas , USA.
Posts: 58
Thanks: 0
Thanked 10 Times in 10 Posts
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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 |
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Creative Kid
War Room Member
Join Date: Aug 2008
Location: Oslo, Norway
Posts: 512
Blog Entries: 1
Thanks: 61
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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 |
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formerly annoyedgirl
War Room Member
Join Date: Nov 2007
Location: The Chosen Land , USA.
Posts: 1,276
Thanks: 126
Thanked 125 Times in 87 Posts
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Don't have a clue. Good question. Guess they're not making anything?
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#7 |
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Active Warrior
War Room Member
Join Date: Sep 2003
Location: Baltimore, MD USA
Posts: 64
Thanks: 6
Thanked 18 Times in 7 Posts
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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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Bob Gatchel
Internet Entrepreneur as Featured in the Best Selling Book: "Multiple Streams of Internet Income" Creator: Internet Riches Made Easy |
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#8 | |
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Senior Warrior Member
War Room Member
Join Date: Aug 2004
Location: United Kingdom.
Posts: 3,955
Thanks: 298
Thanked 311 Times in 153 Posts
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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 |
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Trust Establisher
War Room Member
Join Date: Aug 2007
Location: Long Island, NY.
Posts: 2,678
Thanks: 225
Thanked 99 Times in 83 Posts
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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 |
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Dare To Be Different
War Room Member
Join Date: Nov 2005
Location: U.K.
Posts: 7,540
Thanks: 507
Thanked 1,195 Times in 420 Posts
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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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Roger D
'There are no more prizes for predicting rain. There are only prizes for building arks.' Lou Gerstner 'Money can't buy you happiness but it will buy you a yacht big enough to pull up alongside it.' David Lee Roth 'Most people are walking around, umbilical cord in hand, looking for a new place to plug it in.' Cavett Robert |
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#12 |
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Senior Warrior Member
War Room Member
Join Date: Jun 2007
Location: Lanarkshire UK
Posts: 1,753
Thanks: 52
Thanked 109 Times in 89 Posts
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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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#14 |
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HyperActive Warrior
War Room Member
Join Date: Mar 2008
Location: Tampa, FL
Posts: 203
Blog Entries: 2
Thanks: 16
Thanked 19 Times in 15 Posts
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http://www.AchieveItMarketing.com Newbie Oriented Internet Marketing Blog.
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#15 |
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HyperActive Warrior
Join Date: Mar 2003
Location: Kansas City, MO, USA
Posts: 226
Thanks: 7
Thanked 1 Time in 1 Post
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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 |
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kowulz.com
Join Date: Dec 2008
Location: Upstate, South Carolina
Posts: 49
Thanks: 12
Thanked 7 Times in 7 Posts
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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 |
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Warrior Member
Join Date: Jan 2009
Posts: 29
Thanks: 1
Thanked 4 Times in 4 Posts
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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 | |
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HyperActive Warrior
War Room Member
Join Date: Jun 2007
Location: Sydney, Australia.
Posts: 395
Thanks: 13
Thanked 62 Times in 48 Posts
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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 |
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HyperActive Warrior
Join Date: Dec 2008
Location: Jacksonville, FL
Posts: 241
Thanks: 40
Thanked 61 Times in 29 Posts
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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 | |
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Advanced Warrior
War Room Member
Join Date: Mar 2008
Location: Toronto, Canada.
Posts: 800
Thanks: 63
Thanked 87 Times in 79 Posts
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Quote:
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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Twitter Me| Keep your stick on the ice - ancient Canadian proverb
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#21 | |
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Dare To Be Different
War Room Member
Join Date: Nov 2005
Location: U.K.
Posts: 7,540
Thanks: 507
Thanked 1,195 Times in 420 Posts
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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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Roger D
'There are no more prizes for predicting rain. There are only prizes for building arks.' Lou Gerstner 'Money can't buy you happiness but it will buy you a yacht big enough to pull up alongside it.' David Lee Roth 'Most people are walking around, umbilical cord in hand, looking for a new place to plug it in.' Cavett Robert |
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#22 | |
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Senior Warrior Member
War Room Member
Join Date: Jun 2007
Location: Lanarkshire UK
Posts: 1,753
Thanks: 52
Thanked 109 Times in 89 Posts
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Quote:
Cheers, Neil | |
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#23 | |
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Active Warrior
Join Date: Nov 2008
Posts: 39
Thanks: 7
Thanked 7 Times in 6 Posts
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Quote:
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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