Twitter took a really long time (4 years!) to start trying to make money.
But then, last spring, it finally announced a pair of ad products – promoted tweets and promoted accounts.
Now, Twitter wants to cross $100 million in revenues in 2011.
To get there, Twitter is busy pitching agencies and other ad buyers on what these products are and how to use them.
It’s doing so with the help of a 40 minute video Webinar. MediaMemo’s Peter Kafka got his hands on a recording of one.
In the video and the accompanying presentation, Twitter says:
- Advertisers should spend $4 on promoted accounts for every $1 they spend on promoted tweets.
- That’s because promoted tweets are currently distributed only to the Hootsuite client. All clients will get Twitter ads by the end of Q1.
- Twitter says advertisers should expect 1% to 3% of the people who see their promoted tweets to clicks on links, retweet them, @reply to them, or favourite them.