Brand

New Twitter Button, Brand or Platform Control?

by Travis Ketchum · 2 comments

You may or may not have heard that Twitter is rolling out their own official “Tweet” button for content sites, among others, to use for their audience to publish their content into the Twitter stream. A move like this from Twitter is important because it directly effects the many companies that publish Retweet type buttons to blogs etc in order to track and aggregate trending articles across a variety of niches. TweetMeme, arguably the largest of these aggregators isn’t being completely left out in the cold though since Twitter has paid to use some of TweetMeme’s backend code to facilitate this new feature.

Brand or Platform?

The most interesting part of this new product to me however, is figuring out whether or not this product is more about platform or brand control. The investors in Twitter have been saying for over a year that Twitter application developers need to “stop filling holes”. By that they are referring to the innovation coming out of many developer hot beds to fix the obvious gaps within the Twitter ecosystem. While you might think Twitter would appreciate all this innovation from its development community that made Twitter so popular to start with, but in fact Twitter has been gradually tearing apart the development community in order to deliver an end to end experience that consumers love.

This is in part motivated by control influences, but I feel that this is a big play by Twitter to control their brand across the web. If you have been noticing or not, Twitter has been implementing a refreshed sense of design across every product within their portfolio to deliver a clean and simple experience regardless of what platform you are using. This new button is no different in that the design, delivery and aggregration is now all under the control of Twitter itself instead of a 3rd party.

What are your thoughts? Do you think Twitter is being fair with gradually consuming each outlet of their data to control the user experience, or should 3rd parties be encouraged to compete against Twitter itself to add features and usability?

LeBron’s $787,522.75 brand, in 2 hours

by Travis Ketchum · 0 comments

Screen shot 2010-07-06 at 2.56.14 PM

We all know that the notion of a brand is enticing, and that people are willing to pay more for a Coke simply because it says “Coke” on the side and not just a random house brand. We also know that when Coke brings out a new product, if we liked the original we are much more likely to try the new product.. emotionally we are tempted to dive head first into products, services, locations etc we wouldn’t have otherwise because of how a brand makes us feel.

What does a brand mean when it is a person though? Does a celebrity have brand value that is nearly instantaneous? The answer is HELL YES they do. For an example look at the Twitter account started by LeBron James.. in a short 2 hour period after sending his first tweet that simply announced he was on Twitter.. he has a staggering 127,225 followers (and counting!!). So what is this brand equity worth? Well if you read this article you might believe that each follower is worth $6.19; and that value multiplied by his follower base adds up to nearly $800,000 in only 2 HOURS.

According to Ad Age, each person who ‘Likes’ a Facebook page is worth $3.60/year which is probably pretty fair if you were comparing the cost of traditional media to the reach of social media. If you think that this size of audience simply can’t be worth this much money, keep in mind that Jeremy Schoemaker (@shoemoney) had roughly 90k followers and PROFITED $50k in about 7 months time on Twitter.. the value is real and so are the paychecks.

How are you building your brand and finding your audience? It is likely worth much more than you think right now.