Twitter had the hearts of advertisers a flutter this week with the announcement that it is to expand its promoted tweets feature. But not all within the industry are entirely enamoured by what the micro-blogging site has begun to test.
Promoted tweets have been around for a while – albeit only available so far to brands in the US (the UK is awaiting the imminent arrival of promoted features). In their previous incarnation, promoted tweets were ones by brands that sat at the top of a user’s timeline – provided that user already followed the brand in question.
But Twitter’s relationship with advertisers is about enter a whole new dimension, as this week it announced that promoted tweets would begin to show within the timelines of Twitter users regardless of whether or not they already follow the brand issuing them.
The promise by Twitter is that it will only allow promoted tweets to appear in the timeline of a user that has “relevant” interests – and for the advertiser a promoted tweet will only be paid for when a user clicks onto, replies to or retweets a promoted tweet. As a trial phase among US brands including American Express and Disney gets underway we will no doubt begin to get a feel for consumer reaction to the concept.
But what do advertisers make of this move to further monetise the Twitter platform? Early reactions are interestingly mixed.
“These promoted tweets will be going everywhere tweets flow – which means not only on Twitter’s own mobile apps, but [on] third-party services as well. Advertisers beware – according to a recent article [on Wired.com], people already ignore up to 71% of the tweets they receive – and those are from people they decide to follow”, warns Christopher Marriott, vice president of agency services at email and social media specialist company, StrongMail. “I wouldn’t advise our clients to go rushing into Twitter, except [to use it] as a listening device and a customer service channel.”
It does not appear that promoted tweets will immediately appear within mobile and third party apps, however a Twitter spokesperson has said that plans to integrate the new feature into the timelines of users of Tweetdeck and the like will happen “in due course”. Presumably this will happen after the testing phase has been carried out.
The fascinating thing is that Twitter is still so new as an advertising platform in itself that it’s hard to really know what the benefit – or curse (if consumers retaliate against it) – of a feature as new as promoted tweets will be. But then as James Devon, planning director of communications agency MBA points out, there are some early success stories. Coca-Cola for example, which purchased the second ever promoted tweet, saw 85 million impressions within the first 24 hours. “How did it do this? Through perfect timing, often the determining factor in creating a positive wave of engagement – [it ran] a tweet during the US versus England World Cup match”, he says.
One recent research study in America – where brands have been able to make use of promoted tweets for some time, suggests that 24.8% of Americans have seen a promoted tweet relevant to them, while 21.6% have obtained a discount and 21.2% have found out about a new brand in this way. Admittedly until this point, promoted tweets in the US have only shown up in the timelines of users who follow the brand in question – but could this new, more aggressive form of tweeting by brands actually take hold in a similar way?
“Promoted tweets are an interesting line of business for Twitter. The advertiser [though] must make certain that she or she is sharing content that is not only relevant to the query the ad is being served against, but also delivers valuable, non-promotional content to the viewer”, says Joe Chernov, vice president of content marketing at revenue management firm Eloqua. “Advertising in social media in a manner consistent with the social mores of the community is a delicate line for marketers to tread,” he adds.
Of course Twitter’s CEO, Dick Costello, is the most enthusiastic of all about the frisson between the micro-blogging site and advertisers. At a business meeting at Twitter’s headquarters in San Francisco last week he gushed that, “our users are engaged, they’re clicking on links in tweets, clicking on profiles, following people. The message we hear over and over from brands is [that] the level it is important to pay attention to is the level of engagement that is there.”
Will promoted tweets offer up an excited new ad platform within the social commerce arena? It’s early days and only time will really tell.
Via: UTalkMarketing