I came across this article and think its a good read. There are some interesting predictions here of what is going to not be around after 2009, one of the big ones arguing that Twitter better watch its behind. One of the reasons they target Twitter is that Twitter has no business model aka how on earth is the Twitter company itself actually going to make money? I have seen this argument many times recently and its a serious question to ask. In that article I just linked they argue that Twitter is just waiting to be bought up by some larger company and while this has worked many times in the past for other companies is this really a business model?

 

I myself have said a few times recently that I question Twitter's vitality. The basic premise of microblogging is here to stay but it just doesn't offer what other social networks can offer and its big downside is that you have to be a member of Twitter (the article also argues this point) But for me it seems so artificial. To say you have 500 followers, how about 5000? Are they really listening? Its rather easy to inflate these figures. Do they really mean anything? Do they have weight? Seriously ask yourself these questions as they relate to real estate. Now I would argue they are perfect if you just want a large following of people and your business is just getting traffic. If you need large amounts of traffic and your site runs on ad revenue by all means, Twitter away. But for real estate professionals who rely on local business is Twitter really going to help you? Maybe, but probably not. But it sure is fun right? But thats my point. Its fun for now but in a year or even less will you care? I don't think so. Not to mention as bandwidth costs come down sites such as seesmic might gain steam. 140 characters will seem antiquated as sending Morse code does today.

 

Anyways definitely read the article because it might give you direction for next year as far as your own business model. Sinking hundreds of hours into something that is most likely to fail seems hardly like forward thinking to me.

If you have something to say please leave a comment. I will try to comment on your blog as well.

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5 Comments on The Recession to Kill Tech Companies, Ideas, Microblogging (aka Twitter) etc etc--A Prediction of What's to Come in 2009...

JAN
17
2009
128,993 Points 3 Featured Posts

I see some nice benefits on twitter.  The great majority of people I interact with on there are locals.  Granted my time on twitter has not produced any revenue but I do answer a lot of real estate related questions.  Plus if I ever want a quick review on a Kansas City restaurant I can always ask the people on twitter.  But then again Twitter does have the social media curse.  Like many sites once they go mainstream they lose some of their charm.  From that standpoint stick a fork in Twitter it's done.

7:14pm • #2
420,195 Points 13 Featured Posts Localism Sponsor Outside Blog

I have still yet to figure out the net benefit of Twitter.  It is lovely to say that I have 500 people following my every move, but I really only care about increasing my business.  I can have 10,000 people following me, but if I am not getting any business from it, it is merely a branding source.  That is my position at this time, so I am fine with the branding, but when I get a call from a twitter for a listing or to buy a home, I MAY change my mind.....though I will need more than one to change my mind.

7:34pm • #3
188,215 Points 27 Featured Posts Outside Blog

Shane,

To ask the question [ what is the value of Twitter as it pertains to real estate ] is the same thing as saying I see no value to it.

I on the other hand have made the decision to actively pursue Twitter as a marketing concept. I have already had success on a small scale using a couple of small tests. It is time to begin the big push.

7:37pm • #4
JAN
19
2009

I think "followers," "friends," and even "points," "associates," and "subscribers" at ActiveRain is a way for people to feel good about themselves, and I'm all for people feeling good about themselves. Happy, shiny people make the world go round in a more positive direction. I'm generally not such a person, but I recognize that it can be fun for some. I'm more of a fuddy duddy who just wants good information to help me in my personal and business life, and followers, friends, points, associats, and subscribers generally do not do that directly. There can be some indirect benefit, of course.

4:04am • #5


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Shane O'Gorman Eau Claire Wisconsin Real Estate Agent & Realtor- Buy or Sell

Eau Claire, WI

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