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Twitter for Business: How Does It Work and What's the Value? Part 1

By
Services for Real Estate Pros with Transparent BPO

(First, sorry for my latency in posting of late. Was away with my wife Amie on the trip of a lifetime to NYC! Travels are over; getting back to business.)

One of the questions I'm getting A LOT is "What's up with Twitter?" and "How do I use Twitter for business?" Let me say at the outset it is an amazing app with manifold uses. Companies as large as Dell have created a business model around it and solo entrepreneurs (real estate agents included) are proving its case as another channel for business development.

It's my aim to answer the above questions, at least in part, by not only sharing my own thoughts, but providing links to others who've addressed these as well. It will take me far more than the 140 character limit Twitter allows. :-) In fact, this will be a multi-part series.

Let's start by attempting to define Twitter.

Wikipedia Definition

First, the wikipedia definition: Twitter is a free social networking and micro-blogging service that allows its users to send and read other users' updates (otherwise known as tweets), which are text-based posts of up to 140 characters in length.

OK, stop right there! What the heck is "micro-blogging?" While I don't know who cooked up the term, it's a suggestion that Twitter is a blogging tool, one limited to 140 characters. Hence, "micro" blogging.

Why 140 characters? Because the guys who dreamed up Twitter (Biz Stone and Evan Williams, the same guys who created Blogger) saw it as an SMS (text messaging) tool. In other words, it was first conceived as an application for mobile devices, but one with a web-based interface.

Even though it started that way, Twitter's user-base largely ignored the SMS side of things in favor of the web-based version. At one point, due to bandwidth and thru-put demands on Twitter's servers, SMS capabilities were actually shut off. Essentially, Twitter started out as one thing and became something else. (More on that in a moment.)

Better Definition

A better explanation was one given to me by a gentleman (whose name I don't recall) I met at a social media conference in Houston a few month back. He referred to Twitter as a "high latency instant messaging application."Huh?

Twitter is like Yahoo! Messenger or AIM or any number of instant messaging applications, only you aren't compelled to respond immediately, if at all. Hence the term, "high latency."

Best Definition

In my opinion, Twitter is best defined as a social instant messaging application. "Social" in that you friend others who then see your posts and follow them (the term in Twitterese is, in fact, "follow," though it means the same thing), and "instant messaging" in the sense that it has that feel to it.

What it really is is a conversation stream that you jump into at any given moment in time and start talking. Participation is the price of entry. (More on that in a later post.)

More from Wikipedia

"Updates are displayed on the user's profile page and delivered to other users who have signed up to receive them," says wikipedia. "The sender can restrict delivery to those in his or her circle of friends (delivery to everyone being the default). Users can receive updates via the Twitter website, SMS, RSS, email or through an application such as Twitterrific or Facebook."

Twitter's Evolution

As mentioned above, Twitter started out as a mobile application, but morphed to something that was largely web-based, thanks to its users. And, I mean, let's face it, if you're following a few hundred people, do you really want to get text messages from everyone of them? You can pick and choose who to receive such messages from of course, but even if you've limited it to a handful, if they're avid Twitter users, you're phone will still be dinging all the time. In my view, it's overkill. If you like the SMS component, that's fine, but I'd limit it to a select few.

Back to the evolution...

Speaking of the user-base, Twitter's founders have been fairly well-receptive to the way Twits (one term for Twitter users) are using the app. For example, at some point people started using the "@" symbol to address a single individual via their Twitter handle (e.g. @pchaney). It was a way to delineate that the message wasn't for everyone, but for that specific person.

It wasn't long until Twitter incorporated the activity as part of its functionality. Not only that, they added a direct messaging capability enabling users to send private messages to individual users.

That's enough for this post. I'll be back tomorrow soon with another talking about how to use Twitter, explaining proper "Twittiquette" and sharing the rules of the road.

In part 3 (yes, there will be a part 3 and a part 4; I told you it would take more than one post.) I plan to delve into some of the applications that have developed around Twitter thanks to its API (A geeky acronym which stands for Application Programming Interface. It's a way for one application to be used by or integrated into another.)

Part 4 is where the water really meets the road in terms of how to use Twitter for business. I'll provide some practical, real life examples, including some from fellow agents. Look for that early next week.

Anonymous
Joe Sasser

Thanks for the info! Very useful. Interested in the next few posts as well.

Nov 17, 2008 12:53 AM
#46
Anonymous
Dave Hall Twit handle is http://twitter.com/NH_RealEstate

Great post please send me part 4.  I am already using it on my home page http://WWW.NHHomeMarket.com.  Great way for fresh and relevent content to be added for website enhancement.

"If it is your home, In your Home, or around your Home, it is going to be in here!"

Http://www.nhhomemarket.com

Follow this TWIT on Twitter

http://twitter.com/NH_RealEstate

Nov 17, 2008 01:40 AM
#47
Marian Goetzinger
Pine Knoll Shores Realty 252-422-9000 - Pine Knoll Shores, NC
Crystal Coast Real Estate NC

Thanks for the info Paul, but is there a "twitter for dummies" version?  I still don't know how to start. Help!

Nov 17, 2008 01:44 AM
Rick Tourgee
Robert Paul Properties, Inc. - Provincetown, MA
Provincetown and Cape Cod

I am new to Twitter and I am learning my way around.  Thanks for the initial points!

Nov 17, 2008 01:48 AM
DEBORAH STONE
Balboa Real Estate San Diego, CA - San Diego, CA

Paul

Thanks for this info re:Twitter. I am a "Twit"  and got a bit involved, but you clarified its purpose for me. I am eagerly awaiting your explanations re: its application for the R.E. business.

Nov 17, 2008 02:03 AM
Vickie Nagy
Coldwell Banker Residential Real Estate - Palm Springs, CA
Vickie Jean the Palm Springs Condo Queen

Thanks for all the Twitter information. I signed up a long time ago and couldn't quite figure out what to do with it.

Nov 17, 2008 02:06 AM
John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

I have added both Deborah and Vickie to my twitter follows.

Nov 17, 2008 02:14 AM
Anonymous
David Hall

I don't really know what the heck it is good for either.  Try setting up your twitter on your website.  My I.T. guy did it for me. 

 

Content, content, content!!!!!!!!!!!!!!!!!!!!!!!!!!!

http://twitter.com/NH_RealEstate

http://NHHomeMarket.com

 

Giddy Up, Fellow Twits!!!!

Nov 17, 2008 02:28 AM
#53
Stacie Robbins
Mammoth Properties - Mammoth Lakes, CA

Thanks for the details Paul.  I'll be anxiously awaiting the next blog parts on using Twitter.  I signed up for an account a while back but had no idea what to do with it.  I'm on MySpace, Facebook and Linked in and that alone is alot to keep up with.  Alot of people are talking about Twitter so getting ideas from people who use it is invaluable.

Stacie Robbins, Realtor Associate

http://www.OwnMammoth.com

Nov 17, 2008 04:20 AM
Jordan Iverson
Jordan Iverson Signature Homes - Eugene, OR

Thanks for sharing this info, I'm new to Twitter and am still trying to figure out how it could benefit me with networking so I'm looking forward to the upcoming posts.

jordan iverson
www.IversonSignatureHomes.com

 

Nov 17, 2008 06:44 AM
Kevin Higgins
Macomb County Expert Agent - Warren, MI
Realtor

Looking forward to the next part in the series.

Kevin

Nov 17, 2008 06:45 AM
Cathy Burkhart
DCB Services, LLC - Denver, CO

Paul,

Thank you for sharing, I have heard about Twitter alot but was not really comfortable with it. I look forward to your future posts regarding Twitter.

Cathy

Nov 17, 2008 10:50 AM
Jodi Bakst
Team Jodi Realty - Chapel Hill, NC
Team Jodi - Chapel Hill Real Estate, Durham Real E

Paul,

It is a blessing when people like you share like this.  I appreciate the detail you have provided and look forward to reading your future posts regarding Twitter.  This is great information.

Nov 17, 2008 11:30 AM
DEBORAH STONE
Balboa Real Estate San Diego, CA - San Diego, CA

Paul

I agree with Jodi. I just figured out Facebook....!

Nov 17, 2008 11:35 AM
Katrina Madewell
Charles Rutenberg Rlty- More than 5,000 agents(813) 777-1196 - Tampa, FL
Tampa FL Homes for sale | Tampa Bay - (813) 777-1196

Patiently waiting for part 4 because Twitter would blow up your phone phone from all the Txt tweets....

Been on twitter for a while and much like linked in... seems like a LOT of time for a very little in return.  Who knows maybe i will grow on me.

Nov 17, 2008 03:43 PM
Anonymous
Ginger Walker

Thank you so much for this post and those to follow as I am interested in learning about Twitter but really was not sure where to start!  I will be back for you additional posts!  You have a follower! Thanks!!

Nov 18, 2008 12:37 AM
#61
Scott Barr
Pacific Sotheby's international Realty - Newport Beach, CA
Realtor

good stuff. I could use a refresher course of this subject.

Nov 18, 2008 10:26 PM
Mike Hughes
Hughes Residential - Newton, MA
Services Newton, Brookline, Lexington, Waltham & W

Hi Paul,

Great description ... thank you for taking the time to put this together.  I too love the term "micro-blogging."  Although I consider myself to be tech literate ... this stuff seems to be happening quicker than I can keep up ...

Best regards,
Mike

Nov 19, 2008 02:32 PM
Joanne O'Donnell
Chic Home Interiors - Oakland, CA

I am on a quest this week for all things twitter... thus found you through one of your later blogs, so going through the series.  I am excited to have found this series. Thanks, Paul!

Feb 02, 2009 12:47 AM
George W. Jordan
Red Soil Real Estate Inc. - Murray Harbour, PE
Owner/Broker, Red Soil Real Estate Inc.

You are good at explaining Twitter..

George, Red Soil Real Estate Inc.

PEI, Canada

Mar 14, 2009 05:02 AM