Its funny how I began Twittad with the owner of Twitad (one T) threatening me that he had the right to Twittad (2 T’s). I did research. I found that whoever it was who owned Twitad looked unprofessional. The site looked terrible. A simple Google search showed that whoever this was wouldn’t withstand a simple letter sent from my lawyer. A few thousand dollars later, I owned Twitad.com. And away we went.
In early 2009 sitting across from teams at Sears, WPP, Omicom and flying out to New York City for a 40 minute meeting and turning around and flying back to Des Moines- I realized that advertising on Twitter had potential. What we were working on had the potential to be the next biggest form of advertising. 10% click through rates on every single ad campaign. The one problem: It wasn’t our platform.
You see, API’s are a funny thing. It’s like an outdoor advertisement really. Are you just renting the space? Or do you own the pole in the ground, holding up a huge blank billboard, waiting to be filled with a McDonalds advertisement. Does McDonalds own those billboards? Do they really control that ad space? Not really.
Did Twitter control anything in 2008? I believe they didn’t. More so than anything, they had no idea what they were doing. It was so incredibly early in their business that advertising didn’t matter. The fail whale mattered. VC money mattered. Trying to find a business model mattered.
Twitter was formed with two Co-Founders sending a message to each other. Groundbreaking? Hardly. But the next thing you know- a business was formed. The business you ask? It’s the business of psychology + technology.
People love knowing or thinking they know what people are doing. People love the outlet of putting something out there..maybe someone responds. If not, who cares. It’s something that is difficult to understand. Once you see it, you become part of it. Facebook was built to be a part of an exclusive club. Starting just in colleges, and moving beyond the mainstream, across the world and now includes both my Mom and my Grandpa.
But, my Mom and Grandpa aren’t on Twitter. Why is that? Because Twitter hasn’t dumbed down their product to the simplicity that it should be. The greatest thing Twitter could do right now is to implement a login with your Facebook ID. Twitter hasn’t accepted the fact that they will never, ever be able to get as much demographic data on consumers as they hope they can. And to me, it will inhibit their ability to grow.
Since I joined Twitter, I have sent 6,930 tweets. Many go unanswered. But many carry a crazy amount of data. I tweet about the Chiefs, Iowa State, BBQ, startups, my own companies and other random things. What does that data or what do my tweets really do for Twitter, Inc? How on earth could they use this vast amount of data to make my experience better? Or more importantly, how could Twitter use my data + my friends data to bring a true social experience into Twitter?
I think that Twitter is close. Several of my close friends are just now signing up on Twitter. And they do so because they follow their interests. What I think Twitter needs to do is take advantage of the other networks. Note to Twitter, 140 characters and sending out “updates” isn’t rocket science. I can send updates on Facebook, LinkedIn, Google Chat and many other outlets. Your success is in matching what I tweet with my interests + my friends = spitting out to me content that is relevant to me. I am sick of seeing stupid hashtags that trend. You have a chance with the #Discover tab. Allow me to tailor the discover tab, or display to me content relevant to what I tweet.
After the lawsuit that involved our trademark- I have thought a lot about the Twitter business. I just want Twitter to start being aggressive. Be as aggressive as you were towards us. Be as aggressive as I was towards the Twitad owner. Don’t stop short of becoming the best social platform available. You are so, so close. I realize you are making your money on advertising- but you can’t just let the product be stagnent. It’s time to bring the members a new feature monthly. It’s time to start grabbing the social graph that other companies have formed well before you.