140Char

There seems to be a lot more interest in paid Tweets at the moment, whether it’s discussing SponsoredTweets, Ad.ly, or Magpie. It certainly seems like more adverts are being placed by these services, judging by the testing I’ve done of Magpie over recent weeks and months.

And apparently brands like KMart are using these services top pay Twitter users either on a per-click or flat fee basis. Meanwhile a host of celebs have signed up for Ad.ly.

Which is fair enough in many ways – after all, it’s down to each individual whether they want to put paid advertising into their Twitter stream, and down to each individual whether they’ll continue to follow someone publishing paid advertising.

But why are so many people trying to dress it up as engagement, relationship building or starting a genuine conversation?

It’s advertising.

If you pay me to post about a product, it’s advertising – that what sponsorship is.

It’s not creating a conversation – that would involve creating something which people might talk about for themselves, or creating an event where people can get together and initiate their own discussions.

Which takes more work than assigning a few thousand pounds or dollars to pay a few tweeters.

I have no inherent problem with anyone accepting paid tweets – I’ve done it to test Magpie, and continued to occasionally do it to cover my hosting costs etc – and it has resulted in a few complaints and un-follows.

And I completely understand why people have exercised their right to un-follow.

The frustrating thing is that so many people are talking so much rubbish about how a sponsored tweet can help you engage, that few people are bothering to actually try to find a model which rewards content/network creators in a way which actually builds on what they are doing, rather than interrupting it!

When I wrote about my first week of using Magpie to monetise my Twitter account, I wondered if there was the inventory to even get close to the ratios of 5 posts to one advert.

The second week appears to be backing up this theory – since then I’ve had just a couple of advertising messages, raising my earnings up to the 17 Euro mark, despite leaving the ratio at 5:1. At this rate it will be quite a while before I reach the minimum payout of 50 Euros.

But as I said before, this is a good thing in some ways, as one or two adverts a day seems to be an amount that doesn’t offend – and perhaps the number of advertisers will increase after Twitter co-founder Biz Stone picked the service over monetisation alternative Twittad in an LA Times article.

“I think any kinds of projects that focus more on the Twitter updates are more compelling,” Stone said.

For the record, Twittad is claiming 1600 sign-ups, 170 advertisers, and I’ve just finished my first month of allowing them to serve adverts on my profile page. (Feel free to book me for another month right now!)

Interestingly Ev Williams has recently said the economic climate means Twitter will seek to monetise in Quarter 1 2009.

From Cnet: “The revenue plans aren’t just ads or sponsorships. “We want revenues to be product-based. Google built something that can really scale, and that’s our intention as well.”

Still, in the meantime if you want to try Magpie, why not use a link that also helps to fund 140char? Strangely the Twittad affiliate scheme seems to have a form error at the moment.

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!

I should have really put this in my last post, ‘Testing Magpie advertising within Tweets‘. If you want to see if anyone is using the service at the moment, check out a Twitter Search for #magpie.

And I have to feel sorry for the unfortunate Twitter user @magpie, who isn’t anything to do with the service (Their Twitter account is @beamagpie).

Oh, and if you happen to sign up, why not help fund www.140char.com for the futre by using this link? http://be-a-magpie.com/bkq4mw

And here’s a nice graph of what’s happening (should dynamically update from time of posting!)

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