Mashable - The Social Media Guide - Latest Comments in Facebook Credits: Would You Give Cash for a Facebook Status Update?

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Coolhandluke — Wed, 01 Jul 2009 09:34:41 -0000

I love facebook and would like to make some cash using it, but how do I do that. I make money on www.slickbudget.com from the adsense ads and document the story at www.slickbudget.com/blogs if you want to read how I am making money from a site I started during the last week of June. I am showing that anyone can make money on the net.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Prokofy — Sat, 18 Apr 2009 16:42:59 -0000

Absolutely. Not just for status, but for anything they post that's interesting. It's a way to pay for their blogging, public photography, event organizing, etc.

Virtual currencies work. This was proved by Second Life, which made $450 million last year with only about 1.5 million regular users. This is an untapped market, for sure.

Twitter should be monetarized with virtual currency too.
http://secondthoughts.typep...

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

G* — Thu, 09 Apr 2009 12:17:15 -0000

Do you remeber Capazoo.com (offline now) ? I use to work there 2 years ago, we had this online currency system, we also had a "banking" card to cash or fill in your credits, people could "tip" other people to show their appreciation for ; Music, Video, Photo, Blog, ...

It didn't work out... as a result the company is offline...

I wish good luck to Facebook owners with this "not new" concept, it might kill them to go for money...

;)

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

greasyguide — Sun, 05 Apr 2009 09:17:16 -0000

I agree 100% with Mari...make Facebook a business tool and leave the kiddie such at home.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

bradleyf81 — Sun, 05 Apr 2009 06:48:49 -0000

This reminded me of a blog I came across once. I can't remember what platform it was, but there was an option at the bottom of the post to "tip" the writer real money, via Paypal I think. I actually thought it was a pretty neat idea. If enough people drop in a quarter...

Anyhow, I can't see giving someone money for providing links. I would just use Digg, StumbleUpon, or Twitter instead in that case. On the other hand, if I found a good blog entry through Facebook that really really was great, I might.

But then again... the only people on my Facebook are people that I actually know. I can't see myself giving my brother, or my friend that lives 15 minutes from here Facebook credits for it. It would seem awkward.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Boris — Sun, 05 Apr 2009 04:41:50 -0000

Curious if we can exchange Linden Dollars (L$) into Facebook Credits (F£) without passing a US Dollar Exchange Rate somewhere in the near future ...

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Steven — Sun, 05 Apr 2009 04:05:29 -0000

Giving credit where credit is due? Would like to know more about the concept and how it can fully be utilised before giving a thumbs up/down. The idea of purchasing credit and handing it out when some mundane statues update is made isn't swaying my thumbs to point up; it would have to be something spectacular to part me with my credit ... especially in this economic down turn :P

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Andrew Peterson — Sun, 05 Apr 2009 01:27:55 -0000

As a non-profit supporter and marketer, I want this to work, the more legit the revenue stream the better....... I'm just not sure this one is going to fly, seems like a hard sell!

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Darby Sieben — Sat, 04 Apr 2009 23:02:37 -0000

It's an interesting concept and potentially a first step towards the monetization of word-of-mouth. Facebook could be in an interesting position to really capture this market. Not so sure of this exact implementation, but if this is a potential way for brands to connect through their mavens, there could be something here.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

jaeburnham — Sat, 04 Apr 2009 21:42:11 -0000

I can definitely see the value in using credits. As an online marketer and owner of thesuccessfulbiz.com I can see rewarding friends to post something on your facebook wall could help with exposure and thus sales. I am all for it.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

classamigos.com — Sat, 04 Apr 2009 21:41:19 -0000

Interesting idea, but I just don't see it making any big bang...

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

kevinmontgomery — Sat, 04 Apr 2009 20:33:08 -0000

I think that would fly in the face of what makes facebook great........people broadcasting real feelings and thoughts in an unbiased way to their friends. I enjoy seeing what my friends are thinking.
When i was in the hospital with my son recently i was able to get the word out to my friends and family through my status updates......quickly and efficiently, and i immediately felt like i wasn't alone.
Yes, at times i use my status updates to promote where i'm performing, or to send people to my blog, but that is far different than some third party paying for the ability to broadcast their message through me.
It would totally turn me off, and make me question the honesty of any "status update" that came down the pike.
I hope it fails for the sake of what i find charming about facebook.
Kevin

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Angel R. Rivera — Sat, 04 Apr 2009 18:51:39 -0000

This just does not seem right, or as the saying goes, "does not seem kosher." As others have pointed out, I don't even pay for the little clip arts FB sells. I don't even pay when some game app. wants me to put money so I can get more points or credits in the game, so I certainly am not paying to "reward" status updates. While I understand FB's need to somehow make some money, this is certainly not one of their best ideas.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

guruvan — Sat, 04 Apr 2009 18:50:11 -0000

Twollars was just announced this week as well. Same basic concept. Think you won't be doing it soon? You're probably gonna not only do that but start spending those same credits on things like virtual clothes for your avatars and other things you wouldn't guess now. Watch. It's all over China to be sure.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Debbi — Sat, 04 Apr 2009 18:18:07 -0000

FaceBook's reliability and usability have gone downhill. Witness that my comment on this topic was lost - another in a long series of errors and problems with the site. I won't even purchase their clipart gifts for $1; asking for my money for someone's status updates is just ridiculous! No, I won't participate in such a ridiculous venture and I think the FaceBook team are fools for even suggesting it. It just shows how far away they have gone from the actual users of the site to even suggest it.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Kelly Cookson — Sat, 04 Apr 2009 18:17:12 -0000

interesting ... Gaia Community has a reward system; established back when it was still Zaadz - members could give each other "seeds" to note favorable interest or report concern... one would spend their seeds and then earn more by posting content (blogs, pictures, quotes, etc.)

Not sure how I feel about paying for credits though - being an accountant, I get the revenue stream idea... just not keen on it right now, maybe I could warm up to the idea, but I'm just now feeling it at this moment.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Debbi — Sat, 04 Apr 2009 18:14:58 -0000

I won't even purchase the gifts from FaceBook so why would I buy credits for someone to use?? I thought the $1 for simple clipart was FaceBook's most ill-thought-out idea, but purchasing credits for status updates is a close second. Would I participate? Absolutely not.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Rose — Sat, 04 Apr 2009 18:12:55 -0000

It's a really interesting concept, but ultimately I think it would make me use Facebook less. I think it would change the tone of Facebook. I don't want to see my friends competing with each other trying to be pithy or snarky or whatever. Also I'd feel bad if I was low on the point totem scale. Barring a miracle where I'd suddenly become super-interesting, I'd probably opt out of the whole thing after a while.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

felix adewoye — Sat, 04 Apr 2009 17:54:09 -0000

the answer is still no social media is still about conversation.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

bolix — Sat, 04 Apr 2009 17:50:53 -0000

I don't see much use for status update, but I do imagine people giving lots of credit to hot pictures of women or something like that.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Eline Walda — Sat, 04 Apr 2009 17:41:03 -0000

Since I'm Dutch ... ;-) ... I don't spend my money lightly. So far, I haven't come across any updates from anyone that I would be prepared to spend money on. Frankly, my experience with the internet - including social communities - so far has been that all information was available for free. That will be a very difficult - if not impossible - habit to break. As far as I can tell, the added value is too little for me to want to invest any money.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

eddierog — Sat, 04 Apr 2009 17:39:55 -0000

Cannot see this working just to reward friends for good posts and status updates.
Better off using credits to reward worthy causes and groups.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Jason Gooljar — Sat, 04 Apr 2009 17:36:09 -0000

I've heard of a companies that pay to have sponsored tweets. Where someone allows a company to send a sponsored tweet from their account. So I guess this is where it could lead with Facebook. Not that I'm much of a fan of this kind of advertising idea. It's like paying people to talk up products in real life. You know the person sitting next to you talking about how much they love their "gadget" might be getting paid to do so.

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

graubart — Sat, 04 Apr 2009 17:27:57 -0000

scary thought popped into my head - people paying credits for favorable links, reviews, etc. I don't see myself paying credits for someone posting an interesting status update. But, if credits become fungible, they could become a new way of handling microdonations (like Tipjoy for Twitter), though I think that evil may prevail over good in this case..

Re: Facebook Credits: Would You Give Cash for a Facebook Status Update?

Mari Smith — Sat, 04 Apr 2009 17:27:16 -0000

Oh my - what an interesting idea!! ;) Frankly, I have not yet seen the value in purchasing Facebook credits for gifts, etc. I stick with the free gifts... especially the fun ones in ads. I'm happy to give Facebook money for ads... or other features like more customization, ability for unlimited friends, ability to message all/select friends, better email, etc. In other words, I'd be more inclined to pay for features that actually help my business grow even more.