Showing posts with label Twitter. Show all posts
Showing posts with label Twitter. Show all posts

Thursday, July 19, 2012

Twitter is useful for Business

Twitter - not only for personal status updates

Twitter is mentioned a lot in the news, but in my experience, many people still have that cliche of twitter expressed with “I don’t care what someone ate for lunch or where he is going right now!” phrase.

So, I was surprised to find out that Twitter has some unique features, extremely useful for businesses. The applications can range from announcements to promoting your blog posts and press releases to monitoring the information about your industry. And in each of these applications, Twitter offers some unbeatable advantages compared to other channels.


A bit steep learning curve

Twitter has it's own lingo, and culture. I did open Twitter account and was not using it for couple of years. It's not like Twitter is lacking on the growth, but viewing the instruction video as the one below, would save you from a lot of friction with this tool. Twitter’s own Best Practices for businesses provide short and clear list of things that will put your company on a good track with Twitter.


Applications for Twitter in Business world

Super fast announcements

twitter best practices maximizing your tweets infographic Restaurant or other business could post their specials. Posting rebates codes will keep your followers in high alert state. Besides, the open nature of Twitter allows for infinite retweets (if the deal is super attractive). Some goods that have expiration date, such as tickets to events or travel can be pushed through this channel with great success. Announcing the new location or time for any temporary sales or service points is another possible venue.

Reaching out to your customers

Sending a tweet with a simple question may not substitute the full blown marketing study, but you are getting very valuable feedback directly from your existing or potential customers in minutes, not days or months.

Be a source of relevant content

Sometimes, it is hard to find knowledgeable stuff to write a lot of text, but with Twitter you do not need that. The tweet is 140 characters long, and considering the link, and couple of hashtags - it's even shorter.
You are probably aware of the market environment, new trends and there's something you can do to become a source of relevant information for your followers. Send the links to the content that you find relevant to your industry and your company might become a trusted authority in a field. Next time you put the press release out - there will be more people actually reading it.

Monitoring what's happening out there

You can use search to get real time comments about your brand, company and competitors. It is possible to get this information right to your desktop or smartphone and have an opportunity to respond. Applications such as TweetDeck make the task easier by storing the search query and keeping it updated.
You can monitor the competitors as well, and use any opportunities to acquire new customers or respond to strategic moves. Other technologies might slow you down by days, and in today's world - it's might as well be forever.
If the other businesses and people you are dealing with have Twitter accounts - chances are you can find the talking points in their tweets and increase your chances to strike the right chords and make a sale or seal the partnership.

Practical advice to get started

The topic of Twitter for Businesses is quite popular today and there's a lot of great resources with more detailed information. Here are several resources that I find very clear and useful on a subject:
The infographic at the right provides some useful hints how to make sure your tweets are seen by more people (click on it to see bigger version). Stats indicate that posting during the day or on the weekend, using hashtags and asking for retweat when appropriate can significantly increase the reach of your messages.

Why Twitter and music industry are dependent on each other?

Particularly in last 2 decades, there have been lots of changes in the music industry as well as in the ways we find and listen to music: from cassettes to mp3s, from radios to online music streaming platforms. Below is a nice animated infographic from Digital Cowboys showing the world of digital music:




Especially with the booming of social media, it became a lot easier to discover new musicians, to follow your favorite artists and to keep in touch with them. Here is another interesting infograph by MusicMetric showing the trends after SXSW - South by South West 2012 festival where all new talent are presented and promoted.



Back in the time, Myspace was a lot of help to discover new talent and follow your favorite musicians but there are other social media tools replacing it now. Such as Facebook, Twitter, Youtube, SoundCloud, Beatport, Pandoraetc. There are many services being provided to fans and musicians too. For instance, last year Foursquare signed a partnership with British Songkick to enable fans to check in not only to places but also to events, gigs or concerts.


Among all these tools, Twitter has a key role for musicians and their fans. Twitter defines itself as "the next best thing to being backstage for music fans" in a guide they prepared for musicians and artists. In October 2011, Twitter transferred Tatiana Simonian from Disney Music Group and appointed her as the Head of Music Industry Relations for Twitter. This was almost at the same time they launched Twitter Music. Twitter certainly pays special attention to music industry and is aware that music is a key industry for growth. During International Music Summit 2012 held in Ibiza, Ms Simonian had a key note speech. These are the highlights:
50% of all users on Twitter follow at least 1 musician... 87% of Billboard top 100 are on Twitter... The top 5 most followed accounts on Twitter are musicians... The hashtag EDM* is now used up to 3,000 times a day. It is the fastest growing genre.
However it isn't only musicians and fans need social media tools, the tools need them too. According to a recent article from The Wall Street Journal, social media platforms are heavily dependent on music fans for growth. As a proof to this, Twitter Counter reports that 7 out of top 10 followed accounts belong to musicians. Lady Gaga, Justin Bieber, Katy Perry, Rihanna and Britney Spears are the top 5 followed celebrities on Twitter. FYI, Barack Obama is the 6th.

Twitter is encouraging the musicians to use Twitter as a main tool to communicate with their fans. Within the guide, they give such advises:
  • Include photos in your tweets
  • Create hashtags for your tours
  • Reply to your fans
It's interesting to see that the only reason Twitter cares about musicians isn't the growth. They are making money out of this. According to TechCrunch, Twitter signed a partnership with 3 music data services at the beginning of 2012 and will distribute tweets of verified musician accounts to be integrated into consumer apps.

At the end, it's a mutual relationship between musicians and Twitter. For musicians, Twitter isn't only about being discovered and followed by fans but also a way to connect with other artists and bands too. As John Paul Titlow from ReadWriteWeb explains, "For musicians today, especially smaller, independent artists, not taking full advantage of the social Web is a huge missed opportunity".


*EDM stands for Electronic Dance Music.