I would like a social media credit card.
Faceboook $fbook should have one, Twitter $twit should have one and maybe Stocktwits $stwit should have one too. There is one company I know working around the edges of this named Klout, but there will be many more.
There should be rewards for great messaging (Follows, Retweets) because as I have been saying…Twitter is a game. For any game there should be rewards.
At Stocktwits, we have a lot of discussion about the new buzzword ‘Game Mechanics’. I think the term is overused and I don’t think there is one set of mechanics that works. Any successful site whether chasing users or customers is a game.
The talented ZEROBETA had a fantastic post yesterday about the SEVEN Habits of Highly Effective Stocktwits. All of these will be used as Stocktwits slowly rolls out it’s own set of Game Mechanics to it’s community.
It is gold and is applicable to all of social media which is not about taking, but giving. Social media is not about withdrawls, it is about deposits.
It is fun to watch and participate this industry in it’s infancy. The old guard is understandably confused as they pushed products on a world that was about more withdrawls than deposits. Going forward in the social web, many billion dollar businesses will be made helping you make deposits over withdrawls.
i dont have the card because i have others in my wallet. thats the point.
handing out my amex or capital one card (i have neither) or my main debit
card has NO CACHE and does say anything about who I am or what I stand for.
with twitter i have that opportunity. the black card says it but it also
says…kiss my ass which is very 1990
What would you be willing to “Pay” for this card? Would it be a one time purchase or a subscription purchase? Messaging is in the eye of beholder – you're not willing to pay for search, but advertisers are willing to pay Google to provide search results that join you and them together. I've always argued that 140 characters is not enough context to provide meaningful value. The contrarian says that if you have enough tweets to search through there are patterns that can provide value. So if that is the case how do you join the consumer with that request and extract value for both parties?
The irony is that you already have a Social Media Credit Card – it's your twitter address.
Who is going to create a new rating system that will measure social score like they measure credit score. It could put a lot of things in order and provide special promotions for opinion leaders – it could be a win/win situation. Google or Facebook could do it.
Ever since you got back from that trip to the Himalayans you are especially creative and productive.
Someone already created something like that. I forget what it's called, but a person from the company mentioned it on Fred Wilson's blog recently. It uses an algorithm to give “influence” scores based on social media footprint or something.