TheWayoftheWeb

Content and Digital Marketing Specialists

Advertising

Results and reaction to using Magpie advertising in Twitter: Week 1

By

So I’ve been using Magpie to serve advertising within my Twitter feed for one week now, and I thought it was a good time to post the results and reaction.

I started on November 28th, warning my followers that I was about to start testing the system, and immediately lost one follower, with about 4 of the 1598 warning me that they would either unfollow immediately, or consider dropping me if it became more than a test.

One week later, and my follower account is currently 1669 followers, partly as a result of my normal addition of interesting people which has also seen my following count raise by a similar amount.

Magpie offers the ability to set the ratio of advertising to normal messages, and I’ve stuck with the 5:1 default ratio as a starting point to see how much inventory was served – within 7 days, and with around 500+ tweets, Magpie has so far served three advertising messages, earning me a little over 10 Euros.

So far, since the initial response to the test I’ve not had a single message regarding the advertising place in my tweets, and I’m not aware of anyone responding unfavourably.

Reaction so far:

So far it’s seemed that Magpie’s inventory means the adverts being served are closer to the maximum 200:1 ratio than 5:1, which is probably a good thing – particular after the adverse reaction it generated on launch.

It’s made me think that perhaps rather than a tweet to ad ratio (As the number of tweets can vary enormously for any user per day), perhaps there should also be an adverts per day ratio, if the inventory being served increases. I do wonder how many potential advertisers were dissuaded by the outcry on Twitter, and whether the inventory will increase now that the dust has settled.

It also means that it will take 5 weeks for me to reach the minimum payout of 50 Euros at current rates – not terrible when compared to Google Adsense etc, and also not bad for something which wasn’t really monetised until now (I am also trialling Twittad to see if monetising Twitter profile backgrounds is realistic)

I’m definitely intending to keep the test going for a while longer to see what happens to advertising ratios, and to see if there is any more response to the presence of adverts in my Twitter feed (Also to see if the payout system works).

Incidentally, it’s also running on the 140char test account: @140char_com, which I’m going to be using more in the future to test services which may carry an element of risk to them, after the growing concerns that various 3rd party applications require both your Twitter username and password. This way I can identify which services are a real risk without running the chance of compromising my main personal account which I’ve built up over 18 months or so! With just 18 followers, the first ad paid just 0.02 Euros!

Let me know if you’ve been using the service, or your reaction to it, particularly if you’ve unfollowed me because of it!

Testing Magpie advertising within Tweets…

By

I’ve seen a bit of feedback about new Twitter advertising service Magpie, which places paid advertising in your messages on a user-defined ratio – e.g. you can choose anywhere between posting one normal message then an add will appear, up to posting 200 messages before the advert posts.

Advertising is flagged by #magpie or a custom message within each advertising tweet. And you can pre-approve adverts, or allow them to autopost.

I’ve currently got the radio set at 10 normal posts before an advert appears, as I’m a fairly frequent poster. I’ve also asked people in advance for their thoughts, and a couple of people have said they’ll unfollow anyone who even starts using Magpie, whereas the majority have either said they don’t really mind, or they’re fine if it’s just a test.

In all honesty, there’s going to be monetisation of Twitter at some point, and the most logical place for any type of advertising-based revenue is around either the content or search functionality, because those are the areas which get attention from users.

For all we know, some of the growing number of services could be approved by the Twitter team behind the scenes as a way to experiment without alienating any users!

There’s a few reasons for testing:

  • I hate writing about things I haven’t tried for myself
  • My Tweeting and 140char were both started with aims other than making money, but at the same time, I don’t really want to be running a blog that costs me money at the moment.
  • Monetisation will happen for Twitter, and this is one viable method in terms of getting attention. So it’s worth investigating now to be able to provide an educated response if it’s adopted as an official monetisation method.

But in the meantime, here’s the figures for my test:

Magpie started: 28/11/2008. Current followers: 1579.

And if you’re going to sign up to test it or use it yourself, why not help out 140char by using our referral link? http://be-a-magpie.com/bkq4mw

Twitter + Authentic Celebrity = Word of Mouth success!

By

There’s been quite a lot of discussion around the Magpie Network advertising service for Twitter, and whether it’s a good or bad thing. Such as ReadWriteWeb, Jeremiah Owyang, and Techcrunch.

I bet the Twitter team are looking at the responses with interest!

But James Cridland picked up on an incredibly effective and authentic Word of Mouth event on Twitter. I’ll summarise, so you can go and read the full article, ‘Word of Mouse – @stephenfry sells bucketloads of Tweetie‘. Hugely popular celebrity and ‘proper’ Tweeter Stephen Fry mentioned some Twitter clients, received a recommendation for a paid client for the iPhone, posted a positive review of it, and gained a huge number of responses from people who appear to have paid for the client on his recommendation.

Who would have though that an influential celebrity who is authentically using a service could have a direct effect on a product? I’m off to persuade U.S. basketball legend Shaquille O’Neal he should be promoting 140char!

Two good excuses to invest in printed materials…

By

It’s very rare I purchase a book. The last two were Tribes by Seth Godin, and Business Stripped Bare: Adventures of a Global Entrepreneur” by Richard Branson, both of which have a lot to teach anyone in business and in social media marketing.

(Incidentally, after writing about Business Stripped Bare, here, a nice young lady named Natalie emailed me to say that there’s a widget to display the first 43 pages of the book, which you can see here. Meanwhile, my thoughts on Tribes and how to get it for free, or just 95p on iTunes are here.)

Anyhow, if you prefer to read from a printed page than a computer screen, then there are two more additions that I can recommend investing in.

The first is Dave Cushman’s The Power of the Network, which collects his white papers and more into a single download for 49p, or in printed form for £4.98 via print-on-demand site Lulu. (Disclosure – Dave is a former colleague and friend of mine – enough that I’m credited in the book!). Well worth reading – or buying for someone who is interested in how social media is changing. It’s particularly interesting due to Dave’s lengthy experience as a print journalist and sub-editor before his ever increasing adoption and insight into the changes multimedia is having on everything around us. He’s running a blogger review programme – and also giving any profits to Kiva, which allows you to fund people to change their lives and make their own way out of poverty.

The second is Jonathan MacDonald’s Every Single One of Us: Vol 1 The Communication Ideal, which looks at the underlying principles and makes bold predictions for the future advertising, marketing and personal brands – and is relevant for anyone in the media, internet and mobile industries. (Disclosure: I’m a very small part of a distinguished list who were involved in supporting and helping it’s creation). Jonathan’s CV speaks for itself! Plus he’s probably the closest thing to a legitimate social media rock star, thanks to his musical talents. It’s a £2.99 download or £14.95 for the print edition, and all the money is going into a collective pot to continue the concepts he’s building as part of a group. You can see it explained in a far better way, here.

Actually, cobblers to it and I’ll add a couple more – Joseph Jaffe is offering a very special deal for people buying certain amounts of his books Life After the 30 Second Spot and Join The Conversation  (I’m a big fan of Join the Conversation), ranging from signed copies to a day’s consulting. Take a look at the offer on his blog, Jaffe Juice.

Now I know a lot of people reading this will probably have heard of these people, read their blogs and be familiar with their work (or at least you should!), but the print editions are perfect educational materials for anyone who still associates a ‘blog’ as being something where a geek talks about how he sits at home on his Xbox, talking to his virtual friends. This might help them realise that in the modern world, everyone is doing it via mobile, internet, their console – and that to really be a geek you’d have to go much further. That’s why I love the fact that Seth Godin references the term Otaku, which I’m familiar with due to my love of video games and Japanese culture. It’s for anyone with an almost obsessive interest in something, whether that’s social media, videogames, motorcycling, football or anything else.

There’s a great William Gibson quote from the Observer used at the end of the Wikipedia article:

‘The otaku, the passionate obsessive, the information age’s embodiment of the connoisseur, more concerned with the accumulation of data than of objects, seems a natural crossover figure in today’s interface of British and Japanese cultures. I see it in the eyes of the Portobello dealers, and in the eyes of the Japanese collectors: a perfectly calm train-spotter frenzy, murderous and sublime. Understanding otaku -hood, I think, is one of the keys to understanding the culture of the web. There is something profoundly post-national about it, extra-geographic. We are all curators, in the post-modern world, whether we want to be or not.’

So go and buy some presents for the Otaku who don’t realise that’s what they are, and how the web can empower their interests, specialities, and dreams.

(And seeing as I’ve got the books, I’ll have a smart phone, a net book, an MP3 player and a new car stereo please!)

Start growing your business today Contact Us