Denting Twitter – Impossible?

The gentleman started with understanding why Pownce didn’t take off, despite being a somewhat better product compared to twitter in its fundamental definition – being a multimedia thing.

Key reasons that make it just about impossible for any new product to make a dent in the might of twitter 

First Mover Advantage – While people were trying to understand the utility of twitter, it had a free play for a good amount of time, giving it a large lead time.

Network Effects surely at play, with 3 million users and growing, twitter lovers are not going to move anywhere else for their one to many interactions

The Open API that led to the the birth of zillions of applications, to suit every taste and requirement has pretty much given twitter a Blue Ocean to have its presence on every single techie / early adopter’s desktop/browser/phone/apps and his blog too.

The ‘Followers’, in a fashion more powerful than comments/rss readers could ever do, gave a fantastic ego massaging tool to the stalwarts in the space. On this one, I specially liked the take by jayvee f. : 

i think the main reason why twitter is getting all the following is because this has been the former techTV dudes’ platform for competition. leo laporte, dvorak, kevin rose, alex albrecht and some other tech luminaries are all playing the “i have more followers than thou” game.

the irony of it all tony is that kevin rose has “switched” to twitter even though he is the principal of pownce.”

So would that be a lesson for anyone thinking of doing something in that space? 

Stay clearly away from the Goliath, or you’re writing your own obituary. 

But then, there’s a whole wide world between status updates and blogs. That’s where lives happen. And that’s where unstructured expression can happen too. And there’s a world between 3 million tweeters and 110 million facebookers! 

Twitter is a conversation tool for the early adopters and techies. Besides following certain people for interesting information discovery and showcasing my own savviness by just being there, I personally haven’t found twitter all that useful yet. You wanna follow me? I’m http://twitter.com/wanderer08.

Maybe I’m just a beginner and there’s lot more to be discovered or understood… 

Eager Learner!

Social Media Startup?

Picked up a snippet from Muhammad Saleem. Says something which makes immediate sense, and seems obvious, only AFTER you read it. The original article is here, Understanding ‘Real People’ – Are You Creating Value?

‘…people can and will carve out the time for social media if they see a reason to.’

There are two types of social media use: business use and leisure use.

Business use competes with traditional marketing (branding, pr, reputation management, e-commerce, content delivery, etc) and

Leisure use competes with traditional entertainment activities like watching tv, reading a book, going out for dinner, hanging out with friends, and so on.

… “People don’t reject social media because they don’t have time, they reject it because it doesn’t create enough value for them to rank high on their list of priorities to warrant a lot of their time.”