Skip to content

The Industry Review

One Guy's Thoughts On Technology, Social Media, Internet Marketing, Artificial Intelligence, and more

Archive

Tag: Monetization

 

Contests are a really useful way of drawing traffic and attention to a site. They can be used to launch a product, a site, a television show… You, of course, know all this since so many companies utilize them in order to get subscriptions, feedback, reviews, tweets, whatever. They gain potentially a very large amount of publicity (at times) for a small amount of money.

 
But let’s disregard that. I think contests are fun. I’ve won a handful during my lifetime and that was always exciting (even if I didn’t want the prize).

 
The very first ‘modern’ site I created is a book and movie review site (I’m not considering the sites I created in the mid 90s nor the eCommerce-type sites I created for work). This site is still up and running – it’s the site I put the most effort into, but, unfortunately, is practically abandoned. The problem is that even though it has quite a lot of dedicated followers (and a Facebook group), it is simply not worth the time I put into it: no ad or any form of monetization seemed to work and I just couldn’t afford working on it.

 
At the time I thought of running weekly contests. I never finalized the details, but I thought of sending a book (of choice) to the person who will write the most interesting book review, which I could use. I thought it would be a good way of getting content, even if somewhat expensive, but more importantly, it would be fun! BUT I was too busy so I never did it.

 
Several conversations I had recently made me feel like running such a contest again. This time, here, on my blog. However, I am still unsure about the details. Nor am I sure I want to go ahead with it.

 
I figured, why not use the blog itself to get answers to my dilemma? At the moment I’m considering that in order to participate in the contest a person will have to:

  • Sign up to my blog newsletter (he can always unsubscribe later).
  • Tweet about the contest
  • Leave a comment that he’s signed up
  • And that sort of thing. Nothing that requires any effort or commitment.

In exchange, I’ll help the winner get 3,000 followers – actually, almost certainly more – in about 10-12 days (I don’t want to commit myself to a certain number of days because this largely depends on the starting point: a brand new user is definitely harder). If you’ve followed my blog for a while, you probably know I’m pretty good at getting many followers, and quickly too ;)

 
For some people this might be trivial. For others uninteresting – many people don’t want more followers. However, I know people who both want more followers but don’t know how to get them. Often they are “stuck” at the 2,000 Twitter follower barrier.

 
A friend of mine said that people might think there’s a catch. No catch. The thing I will gain is potentially more traffic to this blog and have fun. Furthermore, it would involve some work on my end; I wish I could wave a wand and make an account suddenly have 3,000 extra followers – but I’m not Ashton Kutcher, you know (for me he’ll always be the king of Twitter! You hear this, Britney??). Also, obviously I’d need to know the user’s password to arrange this, but he/she can change it every day and let me know, whatever. I truly don’t care.

 
If people think this is a good idea, I’d also need to determine a way to pick the winner. Could be random, could be another criteria, like, coming up with the funniest Twitter Jail joke (a trend I began at the time!). Frankly, I’m undecided.

 
Is this ‘prize’ worth it? You tell me. Let me know your thoughts. I really like the idea of running a contest but as I said, still fine-tuning the details. I only want to do this if other people think this could be fun too.

 

 Mail this post

Popularity: 17% [?]

Post to Twitter Tweet This Post

Technorati Tags: , , , , , , , , , , ,

  • Share/Bookmark

Social Media 201


I want to announce that I’m going to be participating in Social Media 201: a social media conference which will be held in Seattle next month.

 
This conference, which is sponsored by Microsoft, Comcast, Fresh Consulting, Regillo consulting group as well as other companies is geared towards small business owners.

 
I will be giving a talk titled “SEO for Small Businesses” in which I’ll discuss the benefits small business owners have to gain by optimizing their websites to rank in search engines for phrases related to their business and their local area. In addition I’ll also be participating in the “monetizing social media” panel.

 
As far as I know a recording of the conference will be sold later: though I may be wrong on this.

 
For more information, go to the conference website or view its agenda. You can also follow its hashtag on twitter: #sm201

 
Note that to get a $50 discount, enter code ULABS (this is not an affiliate coupon – I’m not personally gaining anything from it).

 

 Mail this post

Popularity: 2% [?]

Post to Twitter Tweet This Post

Technorati Tags: , , ,

  • Share/Bookmark

Twitter Money

 

A conversation I often have with fellow internet marketers who are not in Twitter is: is it worth the time investment from a financial perspective? Usually I am told that this is obviously not the case, and thus, disregarding the fact it’s a good way to befriend people, it’s not a good investment in terms of time and money.

 
Although I know some people who have been monetizing Twitter rather successfully, my answer is: yes, this is right in the short term, but no in the longer term. Yes, I’ve made some money using Twitter with SponsoredTweets and Ad.Ly, as well as the occasional affiliate offer, but overall if one wants to monetize his time, then there are definitely easier to make money online.

 
That being said, every day I meet great people and make many useful business connections. To use one example, if it weren’t for Twitter, I wouldn’t have met the incredible, pancake loving, Darren Williger (@williger) who invited me to participate as a panelist in a webinar series which is not only great fun, but will be monetized soon as well. Nor would I have been invited to ad:tech as press (yes, I came thanks to this blog – but ad:tech heard of my blog through Twitter). Or be invited to the MarketLeverage VIP Yacht Party during Affiliate Summit East (which obviously was an event many would have paid to participate in and was incredible from a networking perspective).

 
Personally, I think this is just the beginning. The more time passes, the more people I know, the greater my online presence and the possible networking that I can do. So judging Twitter just by the immediate ROI is a mistake, in my opinion. Ask me again in 6 to 12 months and I’m confident I will have significantly better examples than the ones I’ve given.

 
This conclusion is emphasized by the fact I’ve been very active on Twitter for a rather short amount of time – only since the end of July 2009 (though I did register in March).

 

 Mail this post

Popularity: 2% [?]

Post to Twitter Tweet This Post

Technorati Tags: , , , , , , , ,

  • Share/Bookmark
Get Adobe Flash playerPlugin by wpburn.com wordpress themes