Archive for the ‘General’ Category

How do Twitter users differ from Facebook users?

Tuesday, December 21st, 2010

An interesting infographic was posted on the Digital Surgeons site yesterday that got a lot of pick-up by bloggers and the media.  There was surprisingly little analysis, however, probably because, as often happens, a dramatic graphical representation of data can sometimes obscure understanding that a boring, numerical side-by-side would more easily reveal.  There were also some misunderstandings conveyed by the authors’ labeling of data that we’ve since clarified with them, and a few things now stand out as most interesting.

Both Facebook and Twitter users have similar profiles for gender (higher percentage of females) and income (Twitter users have a slightly lower average income than Facebook users, but not dramatically so).  There are a few areas, however, in which the users of these two services diverge.

The first set includes ages and educational backgrounds.  (Note: despite what it says in the graph, the label “in college” should read “some college,” meaning they went but didn’t graduate, not necessarily that they’re currently attending.  Similarly, “high school” means that they are either currently in high school or high school was the highest grade level achieved.) Because so many social media users are under 25 – 40% in Facebook’s case, 17% in Twitter’s, one of the most glaring differences between the two populations – the educational categories of “high school” and “some college” clearly include people still attending school as well as those who left and are in older age cohorts.  21% of Facebook’s users are in or never went beyond high school vs. 7% of Twitter’s, while 48% of Twitter’s users are in or never went beyond college vs. 28% of Facebook’s.  Despite the caveats, this difference is pretty dramatic.

Another difference surrounds how users participate in the two networks.  Here again the definitions of the reporting categories need some explanation before the data can make sense.  The authors report users who “login daily” and “update their status daily.”  Initially everyone thought that “login” meant checked in and “update status” meant posted something, but that’s not the case.  After checking with the authors, they clarified for us that “login” measures those accessing the service from the respective company’s website (facebook.com or twitter.com), while “updating status” measures those using the company’s API through an app (could be Facebook’s iPhone app or Twitter for iPhone as well as UberTwitter or Tweetdeck or any other app that posts to one or both networks).   There is some overlap here (the same user could go to twitter.com and post a tweet via UberTwitter in the same day), but one is not a subset of the other.  With these definitions in mind:  41% of Facebook users login at facebook.com everyday but only 12% update their status daily via an app – not a surprise.  In Twitter’s case, only 27% of users login via twitter.com everyday while 52% update their status daily via an app – again, not a surprise but a clear confirmation that the vast majority of daily activity on Twitter occurs via apps.

Finally, users of the two networks differ substantially in the way they interact with brands.  More people follow a brand on Facebook (40%) than Twitter (25%), but of those who do follow brands, 51% of Facebook users purchase that brand compared to 67% of Twitter users.  So for a brand, getting a Twitter follower is in effect 31% more valuable as a customer prospect than getting someone to become a fan on Facebook.  Regardless, the raw number itself is stunning: two-thirds of the people who follow a brand on Twitter will end up buying a product from them.  Not a surprise that consumer brands increasingly see Twitter as an awesome marketing tool!

How much is a follower worth?

Wednesday, June 23rd, 2010

Ever wonder what your followers are worth? After all, with each follower you gain, you get a targeted, engaged consumer eager to hear what you have to say. Everything you tweet is delivered directly to them, they can respond directly back to you, and you can reap enormous benefits by exchanging information with your followers in real time. If you’re a brand or a business, then your followers are a self-selected group made up of customers and potential customers. So, to ask our original question another way: How much is it worth to you to be in constant contact and communication with your customers?

eMarketer reported on a new study on Monday measuring the value of a Facebook Fan at $136.38.  The study found that “fans” of a business spend substantially more money with that business over time than non-fans. The study looked at a diverse group of brands, ranging from Nokia to Nutella, and regardless of their market segment, they were all able to see markedly greater value in their fan customers, including larger and more frequent purchases, greater propensity to recommend the brand and increased brand loyalty.

What does this mean for you, a tweeter trying to grow your following and increase the reach of your message? This study demonstrates the value of communicating with your customers in a high-engagement forum. Twitter and Facebook provide unique opportunities for you to build a dynamic relationship with your customers in which you can speak directly to them and they can answer you right back.  The result of these relationships is that your customer “fans” spend more money than their non-fan counter parts. Whatever social media platform you use to interact with your customers, it is crucial that you foster engagement with the fans most relevant to your business. It is those targeted fans who will track your communications day after day, and who will appreciate the true value of your brand.

What differences have you noticed in your follower-customer base compared to your non-follower customer?

TweetUp Launches Search

Wednesday, May 26th, 2010

Our Launch

On Monday, TweetUp went live with our tweeter search results. In the last month since we announced the company, we received more than 75,000 keywords in our database from Tweeters with nearly 10,000,000 combined followers.

We have already served millions of tweeter impressions, and we look forward to continuing to build the relevance of the search, expand to more distribution partners, and help you build your following with TweetUp.

Twitter Terms of Service

Twitter announced new terms of service on Monday, and there have been some questions if those affect us in any way. We completely comply with the new terms of service and we look forward to working with Twitter and all of our partners to enhance the Twitter ecosystem.

Who are you looking for? Start searching.

Monday, May 24th, 2010

We couldn’t be more proud to announce the launch of search!

As promised, we have started serving search results full of the world’s best tweeters. Our ranking algorithm is hard at work, continually analyzing, computing for relevance, indexing, and reindexing as our database of keywords and tweeters continues to grow. Currently, our ranking algorithm does not take bids into account, because bids cannot be placed yet, so the results you’re seeing are organically optimized and ranked tweeters.

We’ve started serving results through our Twidget, first – on great sites such as TechCrunch and Business Insider – and soon, our Twitter client partners – such as Seesmic, Tweetdeck, and Twidroid – will begin hosting our search as well.

We’ve added a live Twidget to the TweetUp homepage, so you can give it a try. Search for the topics that interest you most to see great results full of thought leaders, iconic figures, and experts. Enrich your Twitter experience by following the best of the best in the areas that interest you the most.

You may notice that our Twidget only shows great tweeters. As part of defining our product offering, we have been wrestling with the best way to display tweets to ensure that their impact is maximized.  Specifically, we’re evaluating how many to show, whether to link them with the bios of their authors or whether to show them stand-alone.  This is an important product decision for us, so until it is finalized, we are limiting our launch to recommended tweeters.

Our search is brand new, so there may be some queries that return no results but we’re working to expand our coverage daily. All of us at TweetUp want your feedback. Tell us about your search experience on our Facebook page, contact us through Twitter, or email us.

We Launched. Now What?

Friday, April 16th, 2010

Seems like ages since we launched TweetUp… Monday. It was a lot of work getting started and we’re thrilled by the response the company’s gotten so far. We were lucky enough to be written up by a number of well respected journalists and tweeted about by countless others. But our work has only begun.

Since launch, there are some things we’ve noticed right away:
  1. International Registrations: If you’re outside the United States and you tried to sign up to get your tweets boosted or to join our partner programs, you probably noticed that you can’t. Please don’t take it personally. We know that barely 50% of all tweets sent are written in English, and nearly 60% of twitter users are outside the United States. But, it just so happens that we’re in the United States, so we thought it easiest to start here and work our way out to the rest of the world. So if you’re across the pond, or in frozen north, we want to help you build your following and be found by the people looking for a tweeter like you. Send us an email to info@tweetup.com stating that you’d like to be notified when we start taking international sign ups, and we’ll send you an email as soon as it’s ready.
  2. Never Received the Confirmation Email: So you signed up for TweetUp. Thanks! But you didn’t get the confirmation email. Oh no! We’ve noticed this has happened to a few of our new users, and it turns out that occasionally our confirmation emails are being sent to the spam folder. Check it now. Was the confirmation email there? If it wasn’t send us an email at info@tweetup.com and we’ll check it out for you.
  3. The Password, What’s it For?: Once you’ve confirmed your email address, you’ll be asked to pick a password. When you have, you’ll want to do something with that password, use it to access some exclusive area of TweetUp reserved only for the elite. You can’t. Not yet, at least. We want to get everyone in the system and indexed with your keywords. Then, we’re going to release the Account Manager with great fanfare – or at least an email letting you know. Within the Account Manager you’ll be able to edit your account settings, add/edit your keywords, bid on keywords, and so much more. So keep your password in a safe place, because you’re going to need it soon.
Hopefully this answers some questions and issues that people have been having.
Again, the entire TweetUp team is overwhelmed by the positive response to our launch and we thank everyone who has signed up for an account, written about us, or tweeted about us.

TweetUp v. Promoted Tweets

Tuesday, April 13th, 2010
Exciting announcement by Twitter tonight in the NY Times.  We’ve already been asked by many people how the strategy we announced last night differs from the one Twitter announced tonight.  Here is the answer in a nutshell:

The Twitter Premise:  Advertisers will pay money to have their ads shown to people who are searching for tweets.  A reasonable premise – this essentially defines traditional advertising.

The TweetUp Premise:  People who are searching for content want to see the most relevant tweets, not pure ads. Tweeters who are passionate about their subject and want to build a targeted following will invest money to allow themselves to be discovered by targeted readers. TweetUp is betting on the long-term value of acquiring a passionate targeted following. This is a break from the traditional advertising model, going beyond it to more carefully and clearly align the user’s interests and needs with those of the highest quality tweeters.

The Twitter Offering:  When people search for information/tweets, show them an ad each time they do a search.

The TweetUp Offering:  When people search for information/tweets, bubble the best ones up to the top and show off the best/most committed tweeters, where “willingness to invest” is only one factor in determining who is serious about their tweets.

The Story of TweetUp

Monday, April 12th, 2010

By Bill Gross

I was very late to the Twitter revolution, only signing up for my account mid last year (2009).  As  a beginner, I decided to try to Tweet only very unique nuggets, very rarely, and although that worked for me, it was rare enough – a few a month – to not be very engaging to either me, or my small following.

Then late last year and early this year three big events going on in the world changed my life with Twitter.

First was the Copenhagen conference in December.  I didn’t attend, but every day the climate sessions were continuing, I was eagerly reading everything that was going on.  After the first week, I had some insights, about how there are other important reasons we need to expand our renewable energy besides just climate change.  I started thinking about that more and more, and then spent the better part of a day writing a very thoughtful blog post about this, entitled, “It’s not just about Climate Change, it’s about Freedom.”  I was very proud of it.  I posted it, and then Tweeted it, saying, “With Copenhagen going on right now, I realized renewable energy is not JUST about Climate, it’s about Freedom. Read more at…”

Well, after press TweetIt, I was really excited for all the response I was going to get.

Just a moment later, I went to the Twitter search field and typed in “Copenhagen” and sure enough, there was my Tweet, second from the top, and it said, 10 seconds ago!  Yeah!

I couldn’t wait for all the followers and feedback I was going to get from my great Tweet and Blog post.

A moment later I typed in “Copenhagen” again into Twitter, and I was OFF the PAGE!, bumped by things like:

Copehagen sucks, 2 seconds ago.

Where do I find mittens in Copenhagen, 7 seconds ago.

Flying to Copenhagen, 11 seconds ago.

And so on.

Really?  I had put ½ day into my thoughtful post and I was gone, bumped by this in just 15 seconds.  I thought I could at least get my 15 minutes of fame, not just 15 seconds!

This was my first realization that there needs to be some way for more thoughtful and potentially useful things to survive a little longer on Twitter.  Not just for me, who wants to get the word out, but for others, who are looking for valuable insights and information on Twitter.

So the first seed of TweetUp was planted at that point.

That seed blossomed into something much bigger while I was Tweeting from Davos in January and TED in February.

I had the honor of attending the World Economic Forum in Davos in Switzerland.  From there, I heard amazing people speak on panels about education, science, the financial crisis, vaccines, and so much more.  In every session, I heard such amazing wisdom that I was excited to Tweet, and I did.  But there was a 9-hour time difference from California, and unless someone was already following me, all my Tweets were WAY scrolled off the screen by Tweets about snow conditions in Davos, complaints about Davos, and other Tweets that, while valuable to someone, only have a utility for a short period, whereas some of the things going on at the conference I felt had value for a much longer time.

Finally, at TED, I was in the right time zone as the people I wanted to have a conversation with, and I composed hundreds of Tweets over the 4 days of the conference.  I started by Tweeting everything interesting I saw or heard, and then tried to do even better by focusing on unique Tweets, or my observations or reactions to events, or to Tweets that added value by providing context, or links, or analysis.  Trying to stay above the noise on the #TED feed, I kept that stream open in one column in my client.  Doing that, I read EVERY Tweet about TED during TED, all 10,000 in all over the 4 days.  Out of the 10,000 Tweets, I’d say about 300 were great, and about 9,700 were noise.  The noise included a litany of:

I love TED

I hate TED

TED is great

TED is elitist

TED is bogus

How do I get to TED

Where is TED

Who is TED

What does TED stand for

I can’t find tickets for TED on Craigslist

I envy TED

I dream of TED

Lucky TED

…and so many more

And the great Tweets included moving stories, backstage updates from Bill Gates, insults from Sarah Silverman, and so many more.

I was so immersed in the TED / Twitter experience that I finally truly realized the amazing power of Twitter.

But I also felt overwhelmed at the poor signal-to-noise ratio.  If only there were some way to filter out those 9,700 Tweets and only see the 300 great ones.

But how?

Well that was the inspiration of TweetUp!

Our goal with TweetUp is to bring those best Tweets UP to the top of search results.

How can we do that?

Well our idea is to use an algorithm that includes who the Tweet is, how many followers they have, what their Klout/influence score is, how often that Tweet is re-Tweeted, how often the Bit.ly link is followed, and how much the Tweeter bids for that Tweet to be spread.

That last item, the bid, and a bidded marketplace, is maybe the most revolutionary, as we hope to get a very strong signal from Tweeters as to how important and valuable their Tweets are from their bid.  The bid will be a price, like $0.01 per impression, for that Tweet to be boosted on particular keywords.  Say I Tweet something important on “#Davos – Financial Crisis” and I want that Tweet to be found by people who search for those keywords, I can bid a few cents per impression to get that Tweet to show up higher in the search results.  Not at the top, because if the Tweet is not relevant by the other criteria, no bid is high enough to boost it to the top.  But at least the bid will be included in the algorithm, which will make great things rise above the noise.

Our goal is to get these new TweetUp search results spread all over Twitter clients and all over the web.  Even before we have launched, we have signed a number of distribution deals that bring us more than 40,000,000 unique users and more than ½ billion monthly impressions. But that’s just the beginning.  We want to bring great Tweets and Tweeters to all the content and locations that are important to you.

That is our mission – it’s a big one – and we embark on that journey today.  We will have lots of challenges, but we are very excited, and we hope you join us on this mission, either as a Tweeter, a reader of Tweets, as a distribution partner, or as a fan.  Please write to me with your ideas – Bill@TweetUp.com, and I can’t wait to join the discussion with you.