Twitter Business Model Secrets Revealed By Co-Founder Biz Stone That You Can Apply In Your Business

April 10th, 2009
The Colbert Report Mon – Thurs 11:30pm / 10:30c
Biz Stone
colbertnation.com
Colbert Report Full Episodes Political Humor NASA Name Contest

Co-founder of Twitter Biz Stone states, “Twitter provides a new way of messaging; it’s the messenging service we didn’t know we needed until we had it.”

John Colbert replies, “That sounds like the answer to a problem we didn’t know we had until I invented the answer.”

Biz responds, “If the telegraph was good enough to send then it was worth sending on a horse.” John questions, “What’s the Twitter business model?”

Biz confidently states, “We recognize the difference between profit and adding value. We are building value…Right now value means extending the service worldwide where more people can have access to the network…There are over 4 Billion Phones…As we grow the network to interface with texting and the internet it becomes more valuable….

Stone is going to experiment with the google revenue method to its Twitter application in 2009. And perhaps most important explore and test the results until he finds the right revenue model for Twitter.

So what does this have to do with your business? THE BIG TAKEAWAY

1. In 2009 into 2010 your business is going to have to solve a problem that the consumer doesn’t know exists or a solve a problem that the consumer can’t find an answer elsewhere.

2. And if the answer is offered in the marketplace how will you differentiate it and make it the only logical choice that the consumer must have right now.

3. Probably what is most important lesson in this clip is to recognize you must add value first and the profits will flow. However, you must have: patience, passion for your idea and keep cost-effectively testing your marketing until you get the right mix.

Look at your business and let me know how you will solve a problem for the consumer that makes your business stand out while adding value as well.

This A Great Time To Start A Business

December 9th, 2008

Why because most people are scared to start a business and 90% of your potential competitors are scared. Nothing gets more in the way of anything than FEAR. Go for the american dream now and stop being a slave to your boss or living in fear if your job is secure.

Go Daddy’s Bob Parsons Knows Marketing

November 9th, 2008

Bob Parsons, CEO & Founder of Go Daddy knows marketing. Study from the best and model what they do.
What makes Go Daddy so successful.

Tip #1 Go Daddy is brilliant at cross-selling and super sizing like McDonalds at the order time when the credit card is out.
Tip #2 Go Daddy knows beautiful women sell products.
Tip #3 Go Daddy is memorable and gets people talking by creating some controversary.
Tip #4 Go Daddy measures its marketing and course corrects when necessary.
Tip #5 Go Daddy knows you cannot please all the people but he is controversial.

Football fans will wait for the Go Daddy Superbowl commercials while other businesses will continue watch Parsons for a long time as he keeps coming up with innovative ideas.

Walmart: The Consumer’s Love and Hate Relationship with Walmart

July 17th, 2008

The debate continues over Walmart’s policies of outsourcing to China. alleged poor health benefits to its employees, law suit discrimination cases and the laundry list goes on and on..

Stop hating Walmart so much and learn from its Founder Sam Walton the core business values that make Walmart the success it is today. Walmart’s top 12 business strategies revealed.

http://www.walmartmovie.com/

(more…)



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