{{ searchResult.published_at | date:'d MMMM yyyy' }}

Loading ...
Loading ...

Enter a search term such as “mobile analytics” or browse our content using the filters above.

No_results

That’s not only a poor Scrabble score but we also couldn’t find any results matching “”.
Check your spelling or try broadening your search.

Logo_distressed

Sorry about this, there is a problem with our search at the moment.
Please try again later.

pay-with-a-tweetWhile Twitter has consistently struggled to make a monetisation strategy stick, third party developers may have hit on a solution: haggling.

With paid tweets and trending topics, Twitter has flirted with the idea that buzz can be charged for, but not as directly as a new system devised by NYC marketers Christian Behrendt and Leif Abraham.

Clearly, the pair clearly saw no revenue in Twitter, so have instead directly targeted the tweet itself.

Their ‘Pay with a Tweet’ system is at heart a barter economy.

Download a song or information, or purchase retail goods. When it’s time to pay, use a tweet.

The idea is that by allowing twitterers to pay by tweeting about the goods, the brand, artist or product will receive a free publicity push on the microblogging platform.

Retailers will have to sign up to the platform, where they can then offer discounts and samples to customers who agree to promote the product, along with a non-editable URL leading to the merchant’s website.

Of course, there are problems with this.

Is it worth retailers offering free samples to every tweeter?

This falls back on the ‘free stuff’ social media model, ultimately an unsustainable business model at best, but also one that could be open to abuse.

Currently there are no real checks in place to stop a user setting up a hundred accounts and sending one tweet from each, and if rules are instigated, then surely the ever-present spectre of influence will manifest.

Is it worth giving Joe Nobody a free shirt when Jeffrey Starr will provide much better reach for you? Who gets more?

As usual the malleable nature of influence threatens to undermine monetization strategy, and while it's certainly one of the more genuinely social attempts to wring revenue from the platform, it may need a serious rethink before it can succeed.

Matt Owen

Published 28 July, 2010 by Matt Owen

Matt Owen was formerly Head of Social at Econsultancy. You can follow him on Twitter or hook up on LinkedIn.

203 more posts from this author

Comments (3)

Avatar-blank-50x50

kriti Jaising

It sounds like bribing the customers, then social media will be paid advertising. And Matt as you mentioned it will be hard to track and monitor 

almost 6 years ago

Avatar-blank-50x50

David Scacco

Matt. Good post. Always great to learn about new ideas in the space. I think you'll find what we're working on with MyLikes interesting. Mylikes is a word of mouth ad platform for social media developed by ex-Googlers. We connect marketers/sponsors to social influencers who in turn spread relevant messages to their friends and followers.. Check out and let us know what you think. Thanks DS

almost 6 years ago

Avatar-blank-50x50

Lukas

It is a great idea, but there are already better services of the kind available, that offer button customization, that enable tracking the traffic and usage of the buttons by the customers. I would recommend estago more that PWT.

about 3 years ago

Comment
No-profile-pic
Save or Cancel
Daily_pulse_signup_wide

Enjoying this article?

Get more just like this, delivered to your inbox.

Keep up to date with the latest analysis, inspiration and learning from the Econsultancy blog with our free Daily Pulse newsletter. Each weekday, you ll receive a hand-picked digest of the latest and greatest articles, as well as snippets of new market data, best practice guides and trends research.