You won’t pay for Twitter. So why should advertisers?
Of course, the difficulty in getting consumers to open up their wallets for digital subscriptions shouldn’t come as a surprise. There’s practically no evidence that Twitter and other popular social networking sites, like Facebook, have seriously considered plans to charge their users, and for a good reason: everybody knows it wouldn’t work.
But that’s not the end of the story. Running a service like Twitter costs money. And by in large, the entities that will be footing the bill are companies looking to reach consumers on Twitter; in other words, advertisers.
But even though users prefer ads to direct payments, advertising isn’t exactly popular either. Jeffrey I. Cole, who is the director of the Center for the Digital Future at USC’s Annenberg School for Communication & Journalism, noted:
Users express strong negative views about online advertising, but they still prefer seeing ads as an alternative to paying for content. Consumers really want free content without advertising, but ultimately they understand that content has to be paid for — one way or another.
Advertisers, of course, are generally not unaware that many consumers don’t like advertising. Banner ad blindness, for instance, isn’t a new phenomenon. But Cole’s comment highlights an inconvenient truth: while consumers prefer to ‘pay for‘ services like Twitter by tolerating advertising in some form or another, in an ideal world they’d prefer no advertising whatsoever. In other words, ads are the lesser of two evils, but they’re still an evil.
While none of this is to say that platforms like Twitter can’t drive meaningful results — regardless of how consumers feel about paying for service — the zero percent figure from the Annenberg study should give advertisers pause. If users won’t even express a willingness to pay for some of the most popular services on the web, perhaps it’s time for advertisers to ask themselves why they’re so eager to.
Photo credit: carrotcreative via Flickr.
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about 1 month ago
I didn't even know that any stocks were updated real time, I thought the fastest they could be updated every five minutes.
But just given the popularity of the site, I would go for Yahoo. They let me put all my tickers into widgets that I can display in a web document of my own creation.
about 1 month ago
paypal or neteller. They are both reputable and safe. I prefer paypal
about 1 month ago
"Confrontation is the plow that tills the garden of change…"
"Anticipate untying time unraveling more now"
"Wisdom invites none to enter room"
"Savor pouring rain in new gardens"
"Perception is the kaleidoscope of humanity and the calamity of a human's scope."
about 3 weeks ago
It's one of the best in the world. Harvard isn't bad either! You'll do well whichever one you choose.
about 2 weeks ago
I'm voting for Ron Paul.
People who vote what the media spoon feeds them deserve what they get.
Maybe we need to set up on an island somewhere….
I bet our economy beats their economy in no time….
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kidding, the r3VOLution continues….
about 1 week ago
dunno