I think it surprises most people to learn that Twitter (and Facebook for that matter) are not profitable enterprises. It takes more than extreme growth and steady usage to make money, as explained in this post urging us not to forget lessons learned from the dot-com bubble bursting. Personally I feel that there are opportunities to monetize Twitter than haven’t been full explored. There is money to be made in the spin-off apps such as Twitterrific, which syndicates ads from The Deck in order to provide a free version.

The problem is an antiquated method of procuring profit from eyeballs. Many of the tactics that used to work simply don’t fly in the social media world. I’m not against making money, trust me, but we need to get more creative about it. Word of mouth marketing exists on Twitter. I have purchased a few items that I can trace to friendly tweets. But no one from those companies knows it.

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Andy Swindler Categories: Entrepreneurship, Marketing, Social Media, Web