Mark Gimein (columnist of Slate’s “The Big Money”) recently posited that Twitter is “collapsing under its own weight” due to the sheer number of Tweets we all have to wade through. I agree. I recommend three steps to the leaders of Twitter to make the service more useful. These would not only make Twitter more enterprise-friendly; they would also provide Twitter a service for new revenue generation.
Who says Twitter is in danger?
Mark Gimein recently posited that Twitter is in danger of “collapsing under its own weight” by virtue of the following:
- Twitter’s hyper-growth has added millions of people and millions of posts to follow
- As a result, all of us now have an exponentially growing stream of information to follow
- Not only does this take too much time…
- It also flows by so quickly that we may miss key items of interest
The basic question for us is deciding if Twitter is in danger of outgrowing its micro-blog adaption of the old-fashioned party-line mode of communication?
Why should we care?
Twitter is one of those products that Guy Kawaski calls “Highly Emotive,” i.e., you either love it or hate it. (I got this first-hand from him at Wharton last spring; see his most current book and lecture series on his DICEE model.)
He indicated that Twitter is the only thing out there that provides the ability to 1) see in real-time what people are talking about online and 2) immediately reach out and directly message them to converse or develop business around these topics of shared interest. It enables you to do this more quickly and cost-effectively that use of “traditional” market research and direct marketing tools. However, once you lose the ability to easily see when people are talking about the things you care about (in a way that is compelling and valuable to you) Twitter loses its value.
Better Twitter Search does not provide the answer
Everyone focuses on Twitters Search capabilities (or lack thereof). I do not believe Search provides the answer. Why? Because Search requires you to act (i.e., you need to Search for someone discussing something of interest, then see if you can act on the results). Unless you are a professional Social Media Manager you likely have lots of other things occupying your day and do not have time to do this (especially as Twitter gets busier).
My answer to make Twitter more valuable (and useful)
If I led Product Development of Technology at Twitter I would do three things:
- Enable Filtered Subscriptions (a.k.a. Filtered Following)
- Integrate Meritocracy into Feeds
- Enable Scheduled Delivery of Matches (in Addition to Real-time Feeds)
The First Part of the Answer: Filtered Subscriptions (a.k.a. filtered Following)
The first part of the answer lies in Subscriptions (actually Filtered Subscriptions). Rather than going onto Twitter and looking for things of interest, you instead register your topics and let Twitter inform you when people discuss things you care about.
Twitter does let you subscribe to (“Follow”) people today (Following function) but its does not let you Follow topics (Search is the NOT the same as Subscribing). As a result, when I find someone who is something of enough interest to me that I want to follow him or I now subject myself to everything he or she Tweets: including hearing when “took off” from SFO and “touched down” at JFK. Uggh.
- Follow Tweets with topics of interest (e.g., keywords)
- Specify if I want to Follow everything a person says or only when they Tweet something on a list of keywords (this would cut my Twitter stream by 80-90%)
The Second Part of the Answer: Integrate Meritocracy into My Feeds
I apologize for using the Social Networking Buzzword (Meritocracy). What I am saying here is we need to ability to provide feedback on Tweets and Tweeters. Why? Because this will leverage social networking behavior to incentivize people to Tweet items of value to others.
I do not recommend anything complicated (Twitter’s beauty is in its simplicity). I also do not recommend anything that allows you to punish people (this create a harsh environment). Instead “piggyback” on the Favorites feature and use it to let me further filter my feed and subscriptions—
- Let me prioritize my Followers List and Feed based on people with the highest percentage of Favorited Tweets
- Let me toggle my Feed to only show Tweets Favorited by others or Tweeters who have ever been Favorited
You might need to change the name of this from “Favorite this Tweet” to “Like this Tweet” (and make the Star “button” visible even if you do not “mouse over” it. However it would let me turn down the flood of “Just bought a latte as #Sbux” tweets and instead let me see Tweets that others recommend as valuable.
The Third (and Final) Part of the Answer: Enable Scheduled Delivery of Matching Feeds
If I really want to harness the power of Twitter to create value, I should be able to feed off its network without having to actively visit the site. Why? Because other I have to take time out to go to (or ping) Twitter myself (I don’t have the time to do this daily–let alone every hour, on the hour)
Let me schedule when I want Twitter to share information with me (e.g., daily, hourly) and specify what format I want (e.g., email, XML file). When combined with filtering and meritocracy, this enables Twitter to become a Business Service for Marketing, Business Development, Customer Service, Loyalty Management, Competitive Intelligence, etc. that I could integrate into my enterprise, i.e., I WOULD PAY FOR THIS SERVICE.
Why this needs to be done INSIDE Twitter
Many would argue that these recommendations are add-on services that can be done through external applications like Twitterhawk. Theoritically this is true. However, (practically) it requires external parties to make continuous RESTful GET calls to Twitter, inflating traffic, causing Fail Whales and generally making performance miserable for everyone. Twitter can do this much more efficiently from the inside (and create revenue-driving services at the same time).
I state this emphatically because it has already been done elsewhere with great success in many other places. I have personally created systems that have monitored thousands of transactions per second and automated response based on rules. Every Stock Market Brokerage from NYC to Tokyo has been doing this for years at even higher transaction rates (imagine using a Twitter model to follow every stock trade).