Twitter is chasing advertising revenues after an executive revealed that soon it will allow advertisers to pay for Twitter to suggest that people follow their accounts
Twitter COO Dick Costolo has confirmed that the micro blogging service will soon let advertisers pay for Twitter to suggest that people follow their accounts.
Twitter launched a few money-making initiatives earlier this year. Promoted Tweets, which cost advertisers $100,00 (£63,000) and Trends let advertisers such as Starbucks pay to push their products in searches and trending topics to Twitter’s 160 million-plus users.
Another effort, the @earlybird e-commerce account, let vendors offer deals on movie tickets and other goods.
That didn’t work so well and Twitter is shelving it for now, said Costolo, who spoke at the Interactive Advertising Bureau’s Mixx conference in New York.
Following in the footsteps of Promoted Tweets and Trends, is Promoted Accounts, an effort to let companies buy ads to promote their Twitter accounts, Costolo said, according to the New York Times.
The technology will leverage the same algorithm Twitter uses to suggest accounts that people should follow, based on interests they’ve shown in their Twitter activity.
The idea is to let businesses put their posts in front of followers every time they post to Twitter, building on the Promoted Tweets and Trends plays.
Growing Customer Base
Advertisers pay when someone clicks on a link in the Twitter post, forwards the post to friends or replies to it.
Twitter had just shy of 96 million unique visitors in August compared to 95 million unique visitors on MySpace.
Twitter aims to build on its user base thanks to a new redesign that pops out media content, including links, photos and videos, right on the Twitter Web page when users click on tweets.