Yesterday, Twitter launched its long awaited advertising platform, a CPM-based model where marketers can promote tweets atop Twitter search results. This platform will soon expand into Twitter post streams and other Twitter clients beyond twitter.com.
How it Works: Marketers using Twitter will be able to buy “promoted tweets” on a CPM basis. Users can retweet, favorite or reply to the ad as they would any other tweet.
New Metrics: Twitter’s key metric will be “resonance,” which takes into account consumer engagement via clicks, re-tweets, favorites, etc. Marketers will be best-served if they tie these real-time analytics back to their overall marketing objectives.
Marketer Challenges: Marketers won’t just need a Twitter ad strategy to take advantage of promoted tweets — they will need to be participating on Twitter to take part. This is a true hybrid of earned and paid media models.
Who Should Consider It: Marketers should establish a foothold on Twitter before using Promoted Tweets; no one should get on Twitter solely for the advertising options. That aside, the platform could be ripe with opportunities for entertainment, CPG, travel and retail brands.
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