The last sentence sums it up. It comes down to economics. The more and more robotic messages that are sent out from your account, the more people will "unfollow" you. As your number of followers decrease, so does your ad revenue.
Imagine opening your facebook account up to advertisers and letting them use your profile picture for placing banner advertising? Doesn't seem to appealing?
Mark "Rizzn" Hopkins
· 1 year ago
Gotta be honest, Lee - if I could make money off my profile picture in Facebook, I might be more likely to use the service. I haven't gotten much out of my Facebook experience so far, and I've held an account for a few years now.
To that end, how is this different from a more equitable Project Beacon? My big beef with Beacon was that it was not opt-in, and it didn't rev-share with the users. This does both of those things.
d.a.
· 1 year ago
Will not use, and will unfollow & block anyone who uses it. New it was only a matter of time before the ads started creeping in. Grrr.
d.a.
· 1 year ago
New = Knew.
Laura "Pistachio" Fitton
· 1 year ago
You rightly point out that some people will weigh the quick buck vs their social capital and credibility in the community and maybe decide to grab for the beer money. But those amounts are surprising for a reason. There's just no way they are sustainable.
I've been watching clickthrough rates on my tweets for a long time via Tweetburner. They're highly context sensitive and fine-tuned to the degree of genuine usefulness in the tweet or implied in the link.
Twitter readers don't care who you are or how many followers you have when it comes to click-through-credibility, they care if the link sounds compelling.
So as the advertiser, paying magpie what sounds like a fairly high CPM, is probably NOT going to be happy with results and continue the advertising at that rate. The platform on the other hand (your tweet stream) will go down in value by losing followers and by losing click through credibility among followers. We'll go blind to the #magpie tag just like we are to banner ads. For that matter, Twitter clients will probably offer settings to simply filter out the adtweets.
I believe, firmly, there are ways for Twitter to make money and for people and businesses on Twitter to make money, by working within the cultural system there.
Jimmy
· 1 year ago
I won't register to Magpie but never mind if ads appear occasionally -- just don't overuse it. So, 20 tweets/ad may be reasonable. How do you think?
Mr. Baker
· 1 year ago
yeah that sounds more reasonable to me. I would also like to see them be more than just pure ads though but targeted promotions my followers will find of interest.
PRGal
· 1 year ago
Hmmm... To me it seems like the success of this thing depends HUGELY on whether they could really make these "ad tweets" targeted and relevant to someone's followers. It's not easy to do. Hasn't everyone had the experience when shopping online of things popping up in the "You might also like..." section and sometimes it's not at all something you would like?
Like anything, if they find a way to be relevant and useful then the service will succeed. But if they become an annoyance and a hindrance to real conversations, then it won't.
Not knowing the tech end of things, I'm not sure if it can be done effectively. I can envision a scenario where it would be very sophisticated and be able to insert the "ad tweet" into an already active conversation that was on-topic. That might work.
Jeff
· 1 year ago
I am HIGHLY skeptical of the $200/month earnings estimate.
Kevin Singarayar
· 1 year ago
If anyone is unsure of whether to use such a service, why not just poll your Twitter followers first? If the majority of them poo poo the idea, then don't do it. If the reaction is split down the middle, then why not segment the list? Create another Twitter account for those who don't mind the ads and pull then over. It may be a hassle, but you earn your money and everybody's happy. Just sayin'. It may work.
Leslie Poston
· 1 year ago
I think that I would lose a bit of trust in those using Magpie. I tend to trust my friends' recommendations on Twitter now because they are organic. I think this would cause me to lose some of that.Perhaps credibility is a better word than trust, but either way, I feel that this would cause a decrease in that over all credibility.
Jan Schulz-hofen
· 1 year ago
Thanks for your coverage, Mark.
Internally we've discussed the use of Qwitter as well -- personally, I think, it's a good idea. Actually, it might be an even better idea to discuss with your followers *before* they qwitter you and see how their reaction may be. We empower Magpie-Twitterers to start/stop ads at will, to adjust their tweet/ad-ratio, and there's more to come to fine-tune the way you're serving ads.
A lot of twitterers are offering a veritable service to their followers. Some are breaking news, some are sharing valuable advice. They're spending a lot of their time to do that. We think, they should be rewarded. Just as bloggers are -- they can use banner ads or Google AdWords and the alikes. Magpie is AdWords made available for twitterers, if you want to put it like that.
We've also been thinking about a way for followers to opt-out of the ads -- maybe by paying a premium directly to the twitterer..? We didn't come up with a clever way to implement this so far. But I really like Kevin's idea. Maybe we'll start seeing this before long?
If you or your readers have further questions, please don’t hesitate to ask.
Best regards,
Jan Schulz-Hofen CEO Magpie & Friends Ltd.
Rodney
· 1 year ago
I've already blocked a couple of magpie users. I think I got 5 new followers today that all had magpie in their previous tweets.
It starts to make you second guess why someone is following you. So you can follow them back and increase the amount of money they potentially will earn with magpie or because they actually want to connect or because they find your tweets interesting.
I agree with Leslie above that it can decrease credibility/trust.
Mr. Baker
· 1 year ago
I'm going to pass on this for now. It's not worth the risk of alienating my followers (yet :)) plus having one of every five tweets be an ad is a bit much. Once I've built up more of a following I may reconsider. But then I may re-reconsider if I lose followers over it. I do think it's an interesting concept. I think paid "interludes" like this are the future of content-based advertisin.
Terrace Crawford
· 1 year ago
Are there examples of the ads somewhere? The one offered on the Magpie page doesn't present a clear picture. I definitely think it would annoy the tweet peeps.
twitter.com/terracecrawford
Supreet SI
· 1 year ago
I don't understand why some people are criticizing it. I thinks its a great product as far as
1)Ads/tweets are contextual. 2)Frequency is not ver y high, I consider 5tweets/1 add to be an optimum, non-annoying frequency.
Bobbink
· 1 year ago
Like others, all those followers with their Magpie advertisements will be unfollowed by me. If I want to see advertisement, I will search with Google!
Amber
· 1 year ago
Interestingly enough we were just talking about this kind of thing in one my media classes. We were discusses ways in which advertisers will try and reach the public. I brought up the idea of using social media outlets. Little did I know that Magpie already exists. Since this is European company, I was curious if any American companies exist that do the same thing? I'm sure there are. Needless to say, I will probably not be signing up for Magpie, mostly because I'm not a dedicated user of Twitter. Also, I feel like this new company will create frustration within the Twitter community.
David
· 1 year ago
why not use Zenect, which is similar but just uses the last 40 characters for ads (rather than sending a full sms ad to your followers) and uses it's own network, so it doesn't cannibalize your twitter followers. And you can even control who gets to advertise on your messages. Seems like zenect accomplishes the goals without all the downside of pissing off your twitter followers.
MarathonMatters
· 10 months ago
"Top 10 Ways to Make Living As Witty Writer Who Wears Sweats & Twitters All Day" http://tinyurl.com/83moye
jeremyet
· 8 months ago
It might have been true that tweets originating from magpie started with a hashtag disclaimer, but this is no longer the case as a twitter search for fatcow shows http://bit.ly/fatcow - imho services such as magpie reduce the usefulness of twitter as a conversational search tool - I was going to buy Fat Cow hosting, now I am not...
Will Irizarry
· 7 months ago
i wanna make money off my my face
Twitter Lococ
· 7 months ago
Magpie has all the right ideas going for it but it's basically them providing you with their affiliate links and giving you a cut of what they make. Do It yourself and make even more money.
brianjking
· 7 months ago
Signal to noise ratio? I think that's all that needs to be said.
Mike Kephart
· 7 months ago
I agree with most of these posts especially the one about creating a massive following with Twitter that is what its all about! Not direct marketing through spamming thousands of people. I have been using Twitter to build a huge following of users that then join my new site http://www.UnemploymentKiller.com I have a video tutorial I just made explaining in detail how to go viral any gain massive momentum using The new Twitter API + OpenInviter API + TweetLater on your community driven website. If your interested go check it out its definitely worth a watch.
Nice article .Yes one can sell his twitter profile to advertisers and make money from that.For great twitter trips and tricks visit http://bit.ly/TlXWr
V.C
· 6 months ago
I can't wait joining this program.
Daniel
· 6 months ago
Thank you for the great post. I have tried many programs and way to make money with Twitter. The best so far, I am on my way of making $15 a day now. Thanks to http://www.MakeMoneyTwitter.net/
Step by step, day by day, I think every people can follow. This is another way to make money other than Magpie.
Ding
· 4 months ago
Magpie says if I join them I can collect up to $3,220.70 per month! What can you say? What about MakeMoneyTwitter.net is it okay?
kev
· 5 months ago
There are some concise ideas of how to make money with twitter and other social networks like facebook on the recession plan B http://www.therecessionplanb.com
George
· 4 months ago
Hi Mark, thanks for this valuable information about magpie, I must have a look at it, I only knew of RvtTwt which also uses CPC on your tweets everyday
Jon
· 4 months ago
There are all kinds of ways to make money using Twitter. http://twittermoneyguide.com has some good information.
Kinaray-a
· 4 months ago
I think it will only succeed if the tweets are related to the ads being posted such as having a make money wordpress blog and integrate a twitter plugin with it.
vivek
· 4 months ago
nice post bro
vivek
· 4 months ago
nice post bro
Jozep
· 4 months ago
A nice ebook on this topic, how to make money with Twitter.
This system gives you all the information you need to get a successful Twitter business off the ground. Check it out... it's really impressive.
mridula singh
· 3 months ago
really fantastic
TwitterCashMachine
· 3 months ago
Actually even I found some great way to make money online with twitter which completely works on Autopilot
and makes you 1000's od dollars every single day..ITs real..seriously..check it out http://bit.ly/5BfVu
Mr. Giải Pháp Số
· 3 months ago
I found the best way to make money with Twitter is here: http://bit.ly/qEx2I
LucidAnna
· 1 year ago
Hmm... Twitter will become another place to compete for eyeballs. I will not sign up for Magpie and yes, if I see someone sending me ads, it is likely that I'll unfollow him/her.
Mark "Rizzn" Hopkins
· 1 year ago
I shoulda mentioned this in the article, but a good tool to use in tandem with this one might be Qwitter (http://mashable.com/2008/10/17/qwitter/), so you can gauge the annoyingness of the ads.
All Comments
Imagine opening your facebook account up to advertisers and letting them use your profile picture for placing banner advertising? Doesn't seem to appealing?
To that end, how is this different from a more equitable Project Beacon? My big beef with Beacon was that it was not opt-in, and it didn't rev-share with the users. This does both of those things.
I've been watching clickthrough rates on my tweets for a long time via Tweetburner. They're highly context sensitive and fine-tuned to the degree of genuine usefulness in the tweet or implied in the link.
Twitter readers don't care who you are or how many followers you have when it comes to click-through-credibility, they care if the link sounds compelling.
So as the advertiser, paying magpie what sounds like a fairly high CPM, is probably NOT going to be happy with results and continue the advertising at that rate. The platform on the other hand (your tweet stream) will go down in value by losing followers and by losing click through credibility among followers. We'll go blind to the #magpie tag just like we are to banner ads. For that matter, Twitter clients will probably offer settings to simply filter out the adtweets.
I believe, firmly, there are ways for Twitter to make money and for people and businesses on Twitter to make money, by working within the cultural system there.
Like anything, if they find a way to be relevant and useful then the service will succeed. But if they become an annoyance and a hindrance to real conversations, then it won't.
Not knowing the tech end of things, I'm not sure if it can be done effectively. I can envision a scenario where it would be very sophisticated and be able to insert the "ad tweet" into an already active conversation that was on-topic. That might work.
Internally we've discussed the use of Qwitter as well -- personally, I think, it's a good idea. Actually, it might be an even better idea to discuss with your followers *before* they qwitter you and see how their reaction may be. We empower Magpie-Twitterers to start/stop ads at will, to adjust their tweet/ad-ratio, and there's more to come to fine-tune the way you're serving ads.
A lot of twitterers are offering a veritable service to their followers. Some are breaking news, some are sharing valuable advice. They're spending a lot of their time to do that. We think, they should be rewarded. Just as bloggers are -- they can use banner ads or Google AdWords and the alikes. Magpie is AdWords made available for twitterers, if you want to put it like that.
We've also been thinking about a way for followers to opt-out of the ads -- maybe by paying a premium directly to the twitterer..? We didn't come up with a clever way to implement this so far. But I really like Kevin's idea. Maybe we'll start seeing this before long?
If you or your readers have further questions, please don’t hesitate to ask.
Best regards,
Jan Schulz-Hofen
CEO Magpie & Friends Ltd.
It starts to make you second guess why someone is following you. So you can follow them back and increase the amount of money they potentially will earn with magpie or because they actually want to connect or because they find your tweets interesting.
I agree with Leslie above that it can decrease credibility/trust.
twitter.com/terracecrawford
1)Ads/tweets are contextual.
2)Frequency is not ver y high, I consider 5tweets/1 add to be an optimum, non-annoying frequency.
Step by step, day by day, I think every people can follow. This is another way to make money other than Magpie.
http://www.twtscripts.com/eBook.php
it is about twitter scripts and how to resell them worth reading though anyway it free
http://wraith360.billcrosby.hop.clickbank.net
This system gives you all the information you need to get a successful Twitter business off the ground. Check it out... it's really impressive.
and makes you 1000's od dollars every single day..ITs real..seriously..check it out http://bit.ly/5BfVu