Twitter will announce its "Promoted Tweets" program shortly. Its very exciting to see Twitter finally get down to experimenting with revenue schemes. Smartly, they've chosen to pursue a context-aware advertising program based on branded sponsored content appearing in searches at the top of the page (and eventually in your Twitter streams). By choosing to take a page from Google and serve up "relevant" ads based on a user's search, Twitter will monetize in a way that people are already familiar with (being less intrusive) and provide marketers with a familiar way to plan media (based on CPM). What is most interesting to me, however is the opportunity to use promoted tweets to respond to comments proactively. Proactive WOM, whether amplifying positive messages, responding to negative ones, or trying to convert neutrality, goes beyond an advertising model to a brand reputation management issue.
"The ads will also be a way for companies to enter the conversation when it turns negative. Several companies have created tools to measure sentiment on Twitter, but until now, businesses can do little with that information. Even if they write a post in response, it also quickly gets lost in a sea of complaints." (
NY TIMES)
Promoted Tweets is content that could affect a brand sentimentThere are several implications. The first, is that Twitter is proposing that the ad can be used in a proactive way to stimulate positive sentiment with a kind of "auto-response" to negative comments. While its not direct engagement, brands shouldn't be responding to every negative comment out there anyway through Community Managers. This is big--because it shows Twitter (more than most) wants marketers to see their property as not just push, but pull too. This is a paradigm shift for brand managers and their agencies. You're not just buying an impression anymore. Twitter wants you to think beyond one-time engagements here, they're suggesting your messages have a role in the dialogue between brands and consumers. Twitter is suggesting your ads are content!
Promoted Tweets for brand reputation management requires integrationThe second is that by inviting marketers to think of promoted tweets as content, Twitter is assuming brand reputation management is well-integrated among the agencies. In my experience, this just isn't the case. At Porter Novelli, we're wrestling with the implications of making targeted buys to support blogger outreach and branded influencer programs, so being able to work with the media agency to make buys that promote and protect brands is a new relationship that must be fostered by clients. Clients should be setting aside portions of their budget for proactive WOM support and brand reputation management (to be used through-out the year in support of campaigns but also in an "always-on" mode). Likewise, media agencies should be proactively engaging their PR partners. Surely there will be lots of speculation about how promoted tweets can be used throughout the conversion/purchase funnel, but if media agencies don't actively engage the other partners, they will have wasted an opportunity for their client brands. And of course, PR agencies need to get wiser about media planning--the social media strategists they hire should have traditional media backgrounds (or at least some of them should).
Promoted Tweets that are geo-demographic will work betterThe last implication I'll share for now is that of the combination of Twitter's location-based service and promoted tweets. Twitter will be able to get in on the
"proximity influence" ad-game, and help marketers engage with consumers not only based on their search, but where they are--and that's key. Twitter content is now geo-demographic data, and therefore I'm willing to bet that the promoted tweets that get the best CTR will contain location-specific messages, especially if these tweets will appear in my Twitter stream eventually. Opportunities abound for group marketing too. For marketers, that means we should be able to target "resonance" (the proposed metric) geographically, a critical component to retail and FMCG marketers. Promoted tweets should enable marketers to support existing conversations on Twitter in a way that makes it feel like we're right there, in the neighborhood, through localized messages and offers, and that can only benefit the overall conversation we're having with consumers.