Retail
Twitter Uber Alles: Business Applications From The Web's New Phenom
Published:
Last Updated:
Twitter, the short texting web success, adds millions of new users every month. No one has been able to figure out how to make money on the service, at least no one at the company.
Twitter will launch applications aimed at helping it bring in revenue by providing services related to its product
According to Reuters, these tools will be ready by the end of the year.
Businesses and enterprises are already making money with Twitter, primarily by using it to promote local product availability and sales. A Best Buy (BBY) location can set up a Twitter account and send users who live close to the store information about sales and new products.
Twitter may not be able to keep ahead of what businesses are already doing to exploit the service. Since it is simple to use, offering tools to help enterprises make money and add some revenue to Twitters P&L may fail. Tools are only useful if they work. Companies that want to profit from the service have created their own methods to access the service to make money.
Twitter’s failing may be that it has created a product that it too perfect for it to add robust features that will help its own business plan.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
