Twitter has become a common household name since its launch in 2006 with 87% of people now aware of the platform (just 1% less than Facebook) and 200 million users. Thanks to its obvious value to the news industry, it’s now a part of nightly news’ daily routine, most recently reaching headlines for the Royal Wedding and Osama Bin Laden’s death, which actually broke on the platform earlier this week. With an increasingly prominent presence, it’s no surprise that Twitter is constantly evolving its money maker – paid media.
Twitter currently offers brands the ability to purchase promoted trends, tweets and accounts. And they must be doing well. In February, the cost of its most successful paid media, promoted trends, jumped from $70-80K to $100-120K. And while many brands are still trying to get promoted trends down to a science, there are a few that are heading in the right direction.
While a thank you tweet is a nice thought, it’s definitely not all that’s driving this $100,000 something media placement. At noon EST today, Coke will be hosting an exclusive live stream concert featuring top artists - K’Naan, Natasha Bedingfield, Kelly Clarkson, One Night Only and Ne-Yo to celebrate its 125th anniversary with fans. In the meantime, Coke’s sending users to its microsite, providing fans with a concert countdown and a nod to its Facebook page.
What did Coke get right?
Radio Shack - In December of 2010 @RadioShack launched #IfIHadSuperPowers giving fans a fun and engaging way to win prizes around the holidays.
To enter, users were asked to follow @RadioShack, submit a Twitpic with their hand held out, like the one to the right, and include #IfIHadSuperPowers. Throughout the day, RadioShack doctored photos and turned all entrants into Holiday Heroes, selecting winners by placing the prize in their new superhero hands.
What did Radio Shack get right?
With Coke and Radio Shack among leaders in the promoted trend space, what can other brands take from their strategy?