Ben Malbon and team of BBH Labs has an amazing, thought-provoking discussion on Twitter and the future of it.
Here is the comment I posted on the blog: (Read the main post first!)
I think there are two lenses to have this conversation from: a personal lens and a business lens.
On the personal front, I think Maria phrased it the best. Curiosity and Credibility -also lets not forget instant gratification that this medium allows us. From a theoretical POV, I can also argue, vanity and a kind of cultural megalomania (look how funny my tweets are, or how cool the links I share are)
Whatever the reasons, they pander to the very basic human instinct and we respond to them. I think these responses are also quite evident on Facebook (rememeber how everyone had the ‘Places I have visited’ and the ‘Books I have read’ applications installed when the aps first premiered? ) However, on Twitter – the gratification is on steroids! The speed, the quickness, the instant-ness…
I think what Twitter has done, is made us as human beings incredibly self-aware. We have come to realize the power of our words, our curatorial abilities and our personalities – and because it is so easily manifested on Twitter, I think this is just the beginning. As Twitter evolves, we too, will evolve how we use it.
On the business front, I personally think the answer has never been clearer or simpler. I believe that brands and entrepreneurs are coming to accept that perhaps, the only value with investing time and resources on Twitter is that of a direct connection with the customers. Cliched, but I cannot think of a single social technology that has made customer service so incredibly simple or relevant.
As a collective Twitter community, we have also evolved from the obsessive need to gain ‘followers’ and ‘follow’ people back. Infact, now if I see someone following everyone that follows them – they lose a little bit of credibility with me. It goes to show that they are not curating the information they receive – only paying attention to the information they send out.
It is OK for brands to follow / harness only their audiences. They don’t and shouldn’t feel obligated anymore to follow everyone back. The barriers to entry on Twitter are only diminishing – So in that respect – I believe for brands and businesses, this is just the beginning.
No. I don’t think this is the end of the beginning. Early-adopters such as ourselves may move on to some other technology, but that does not mean Twitter has peaked. We early adopters moved on from Hi5 and Friendster – but those networks continue to thrive. Albeit, with a different audience, but they are successful.
Early adopters like us are never the sole/ target audience of any new technology. Also, any new technology takes atleast a few years before it finds who the ‘monetiziable’ audience is and eventually, it evolves into pandering to that audience. More often than not, early adopters are not that audience.
About monetizing Twitter itself – that’s a question I think everyone is interested in watching how and when that will happen.
