Twitter Teetering??

I've written a few posts about Twitter and can personally say that I'm not a huge fan of Twitter. I have used it for my company in the past and to be honest, it did a good job at what we were using it for. But we were using it to help spread political insight leading up to a provincial election as opposed to our day-to-day marketing of health plans. Twitter certainly has its share of success stories including this one that Marketing Magazine shares with us.

That being said, I think Twitter has peaked and is heading for a steady decline. Much like Second Life and a couple of other social networking sites that were big for a while. I read a FastCompany article a few weeks ago saying that 60% of new Twitter users were not logging on again after a month on the site. That's not a good sign. Then just yesterday I read Mitch Joel's post about Twitter and one of the telling quotes from it was this:

At the bare minimum 70% of the people on Twitter won't tell you who they are, where they are located or how to connect to them. That doesn't sound very "social" at all.

On top of that, over half of those people don't follow anyone, have never tweeted and how no followers. So, what's the point? Are most of these "people" not really "people" and simply bots? Or, do the majority of people who sign up for Twitter have no idea what they're getting themselves into, what the point is or how to really use it?

This makes it extremely hard for you to use Twitter as a targeted marketing effort. With 70% of the people not sharing their information your entire list of followers could, in effect, be completely wrong for your business. Take my company for example, we focus largely on British Columbia and sometimes all of Canada. Well anyone that would follow an account of ours in the States or elsewhere on the globe would not be any value to us, nor would we really be providing value to them.

I still don't really see the sustainability of Twitter and don't expect it to have the same buzz about it in the future. However, there clearly is some value for specific companies and individuals but I wouldn't bank my entire marketing efforts on it.

As you can tell, I can relate much more to the brownhaired guy in this video