Dealer Outlook

Trade Only Dealer Outlook Blog

Dealers and Twitter

To “tweet” or not to “tweet”? — That is the question. A year or so ago, most of us didn’t even know Twitter existed much less if it might be a business tool. Today, the picture is better albeit still cloudy.

I remember when someone asked me: “Do you tweet?” I answered: “No, I got shots for that!” Still, today we must recognize that what’s been dubbed microblogging, specifically a micromessaging service named Twitter, has become the current hot thing to do.
?
Twitter is rather simple social medium. Your message must be very short, limited to 140 characters or less. Obviously, that means your followers (people who tune into you) don’t have to spend much time reading your long “tweets” – that’s what your message is called, a “tweet.” But it all raises interesting questions: like, just who is on Twitter?

Twitter was launched only two years ago. At first, it contained mostly mindless chatter. Arguably, some say it still is! But its growth has been explosive. At the same time, most Twitter users are really new to this game. A whopping 72.5 percent of all Twitter users just joined the service between January and May of this year, according to “An In-Depth Look Inside the Twitter World,” a study by Toronto-based Sysomos, Inc., a leading social media analytics company.

Moreover, most of the users don’t say very much: 85.3 percent tweet less than one time per day. It’s only a small group of users that account for most of the action. Of all Twitter activity, 75 percent comes from just 5 percent of the users.

The majority of all Twitter users (53 percent) are women. Moreover, they are young. Among users who disclose their age, 81 percent are 29 or younger, 66 percent are under 25! As expected, the more followers a person has the more that person tweets. But most people don’t have many followers. In fact, 94 percent have fewer than 100 followers.

So, how should dealers view Twitter — a marketing opportunity or a hot fad? It depends on how you look at it. For example, for marine dealers the demographics of the current Twitter users – much younger than the predominant boat buying age group – would indicate it falls short as a serious marketing tool. Still, lots of businesses have reportedly invaded Twitter this year to do at least two things: track what people might be saying about the company or product on one hand (Twitter is searchable) while possibly conversing with customers or prospects on the other hand. After all, it is a conversation medium.
Using Twitter can really suck up the time, too. Conducting searches, for example, can find you plowing through hundreds of tweets, most not helpful. Experts say it’s best to strictly limit your time on Twitter and primarily follow industry peers.

Conversing on Twitter can also consume time if you regularly post updates. Moreover, making your tweets nothing more than an ad channel will quickly make you an ignored tweeter. Like anything else, then, if you’re going to get involved with Twitter, some research and a careful plan of how and why you’re using it will make it more effective and rewarding if, indeed, it can be rewarding for your particular business.

Comments

2 comments on “Dealers and Twitter

  1. Jeffrey L. Frischkorn

    Norm: I’m beginning to think this is the CB craze of the decade… I understand that the bulk of tweets is just so much useless lingo – and dumbs down the Queen’s English in the process… It’s bad enough that people want to exploit their own lives with mundane blogs that don’t contain meat and protein but to shorten them to say that a person is now eating a sandwich is too much to accept without also grinding away another’s teeth… Tweets might make some sense but not enough to waste my time… Best stick with longer e-mails and blogs that actually say something (like yours, Norm)…

  2. David Tomen

    It still amazes me even after all the years that I have been in this business how resistant people are to change. Close your eyes and picture this…

    You somehow stumbled across the fact that the CEO of a Fortune 100 company loves boating and in fact spends every weekend with his family and friends on the water. Might he be in the market for another boat?

    You cannot get past his executive assistant to get him on the phone. There is no response to the emails that you sent after much detective work to just get his email address. And the letters and postcards yielded no results.

    But you find out that he Tweets a couple of times a day about his business. He also pays attention when someone re-Tweets one of his comments (makes him feel real good). Who re-Tweeted his post? What does this person do and do they have a Website? Do they have any kind of reputation on-line to speak of and are they making a meaningful contribution to the community that he is so much a part of – yachting? Does this person include this CEO’s @username in a Tweet that this CEO might find helpful?

    You figure it out…

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.