Articles by "social media"

Some build apps for fun. Others for profit. No matter your interest in apps, here is something for you: Facebook just purchased WhatsApp…for $19 billion. $19 billion—yes, with a “b”!


What? Why? How Is It Possible For A Free App To Be Worth So Much Money?

WhatsApp isn’t entirely free, but we will get to that later. Built to be a “better SMS alternative,” according to the company’s website (SMS stands for short message service; better known as text messaging), WhatsApp allows for cross-platform messaging – across the globe – with users not having to pay for the texts they send and receive. Instead, WhatsApp “uses the same internet data plan that you use for email and browsing.”

Sounds Cool. Sounds Neat. But Does It Sound Like $19 Billion?

Summarizing the details of a recent Forbes.com post, WhatsApp is worth the price tag to Facebook because: it will help the social network grow globally, it is the new SMS, it will be (and has already been) coveted by other companies, and it “is the only app we’ve ever seen with higher engagement than Facebook itself,” according to Mark Zuckerberg.
Moving away from WhatsApp in particular, and just looking at the transaction on a very basic level…$19 billion for an app; a little piece of software downloaded on your mobile device. What else could you buy for that sum of money instead? How about the most valuable sports franchise in the world, Manchester United (valued at $2.23B by Forbes.com), along with Real Madrid ($1.88B), the New York Yankees ($1.85B), the Dallas Cowboys ($1.85B)…get the picture? It’s easier to wrap your head around the value of these teams. Man U has over 650 million fans, the Yankees own a piece of the most profitable regional sports network in the country. Value here is more tangible.

But How Does An App Like WhatsApp Make Money?

Most apps generate revenue through the following practices:

1. App Purchases

Just like other products, apps earn money when they are purchased. $.99 per purchase might not sound like a whole lot, but it adds up (Angry Birds sells for $.99, just saying). Then of course you look at an app like Minecraft: Pocket Edition that sells for $6.99 and made $1 million in iOS App Store revenue—on Christmas day alone.
For WhatsApp specifically, the app costs about $1 to download…but that price tag is only present in certain countries. Other users around the globe actually get to experience the app for free for year one, but then pay $1 for each year following.

2. The “Freemium” Model

Even “free apps” or those that are free to download can still make money, and lots of it. This freemium model allows users to download the app without charge, but will then charge for extra features, lives, power-ups, and other in-game resources. Think Candy Crush and Clash of Clans.

3. Advertisements

You’ve probably noticed advertisements on your favorite apps. (How can you ignore them?) Just like ads on social networks, in magazines, on TV, etc. companies pay for their products and services to be seen within mobile apps. While WhatsApp hasn’t yet cashed in on this tactic, other SMS apps, like WeChat, which is well known in China, has both apps and online games. With only 440 million users, WeChat turned in $924 million in revenue in 2014’s third quarter.
All of this considered, there is one big thing missing. I mean, WhatsApp earns $1 per download on iOS and $1 per year on other platforms (and not even for every user). Even with a large user base, the company’s revenue might only be hundreds of millions of dollars. Thus, there is a large, unfilled gap between hundreds of millions and $19 billion.
So why was so much offered for WhatsApp? Because that is how much the app is worth to Facebook. 450 million users at the time of purchase, growth opportunity, future prospects, behavioral data, contact lists, keeping the app out of the hands of competitors. All of these things have a price tag. And a hefty one, it appears.

What Does The Future Hold?

If I had such a future-telling capability, I’d probably consider using it on something other than predicting WhatsApp’s next move. But, it’s fun to think about. Above all else, growth prospects are tremendous. As with most apps, and especially with a messaging app, one person in a group of friends downloads, then the rest follow. Then, the social groups of those people all take to adoption, and so on as the app branches out from one group to the next. Taking both the app’s existing and quickly expanding user bases into consideration, WhatsApp is primed for profiting when the time comes.
So, just something to keep in mind when building your own apps. There are many ways to get compensated for your creations, but who knows the value others will place on them.


9 Simple Steps for Choosing the Perfect Name for Your Blog



Whether it’s your first day at school or a new job, there’s something to be said for starting off on the right foot. Launching a new blog is no different.
Think about it – in the coming days, weeks and months, you’ll be devoting hundreds of precious hours to this thing. You might as well give it all you’ve got right from the get-go, right?
This is where the value of a name comes into play.
Though you weren’t physically around when your parents began brainstorming about what name to give you, odds are extremely high that there were a few conversations – some of them more heated than others, for certain – about the nominal identity you’d carry with you throughout the course of your life.
Eventually, time went on, and a name was chosen. Hopefully, their decision has served you well.
Likewise, a sizable portion of your blog’s success or demise will come down to its name. Seeing as how this first step is so important, you’d think more writers would devote a greater amount of time to the brainstorming process.
Unfortunately, they don’t.
The end result? Disaster domain names like this – www.speedofart.com.
Speed of Art screenshot for choosing the perfect name for your blog
Yup, that’s the link to Speed of Art’s official website. Pretty crazy stuff, huh? And yes – that’s a real domain name, by the way. Feel free to give it a click, if you like.
So, if coming up with a unique, long-term name for your blog were as simple as a quick three-step process, everyone would be doing it.
Looking to launch a new blog or rebrand an existing one?
If so, commit now to making sure you discover the perfect name.
Though somewhat of a lengthy, painstaking process, by following each of the 9 steps below, you’re sure to experience a light-bulb moment of sorts as the perfect blog name is found and a new blogging brandis built.

1. Explore your blog’s many topics

To get things headed in the right direction, sit down with a pen and paper and consider the topics your new blog plans to cover. Write them down.
Though the general idea should be fairly easy to pinpoint, take things a step further, focusing on the specific, more intricate parts of what you’ll be covering on your new blog.
This might seem silly, but jot down anything and everything that comes to mind. For example, if you’re starting a website on recreational cycling, at least initially, you’re likely to write down terms like bikepedal, or helmet.
But here’s the thing – don’t limit your creativity when doing this activity. Keep going with terms like head tubeeletonechelonstreamlineaerodynamics, etc.
As you write, it’s likely that the majority of the words and phrases you write down won’t work.
It doesn’t matter.
The more you write, the more likely you are to spark a thought stream of blog-specific branding goodness.
Once a list of 10 to 20 items is created, circle the ones you feel could potentially work for your blog and cross off the rest of the bunch.

2. Hone in on your editorial tone

Next, take some time to think about the tone of your new blog.
While tone will certainly play a more important role when it comes time to start creating content, if there’s a disconnect between the title of your blog and the content you’re regularly producing, your readers will take notice.
With that in mind, how would you describe your blog’s content? Is it smart and serious? Fun and light-hearted? What about simple and straightforward?
It doesn’t matter – blogs of all tone types can succeed, but there needs to be threads of commonality running through the center of everything you and your blog do.
But You’re Like Really Pretty screenshot for choosing the perfect name for your blog
You’ve already created a list of potential blog names. To go along with it, you’re now crafting a secondary list of words that describe your new blog.
More than likely, these words won’t make their way into the title of your blog, but what you’re most concerned about is the feeling that your blog’s new name transmits.
When all is said and done, does it align nicely with the list of descriptors you’ll have made? If not, you haven’t found the right fit and should keep going.

3. Focus 100% on your ideal reader

Have you ever read or seen Lewis Carroll’s Alice In Wonderland? If so, you might recall the part where, deep in the heart of Wonderland, Cheshire Cat speaks to a lost and wandering Alice.
“Which road do I take?” asks Alice. “Where do you want to go?” responds Cheshire Cat. Uncertain of where she’s headed, Cheshire Cat counsels Alice, saying, “If you don’t know where you’re going, any road will get you there.”
heshire Cat screenshot for choosing the perfect name for your blog
As crazy as it might sound, Cheshire Cat’s words have a great deal to do with naming your blog.
No, you’re not headed to any literal location, but attracting your ideal reader is definitely a kind of destination in its own right.
And here’s the tricky part – unless this project involves the rebranding of a pre-existing blog, you can’t be for certain as to the type of reader who will frequent your site.
That said, it’s easy for you to know who you want to target. In fact, all you really need to do is consider a few of the following:
  • Demographic Makeup – Age, gender, geographic location, income level, education, etc.
  • Mode of Thinking – Personality type, attitude, values, lifestyle, etc.
  • Common Pain Points – How will your blog’s content lend a helping hand?
  • Desired Action – Read, share, comment, purchase, etc.
More than anything, you’re looking to ensure that your blog title resonates with what your ideal reader holds near and dear.
Clearly, the posts you publish will ultimately be what matters most, but a solid title and branding strategy will often be the thing that brings a new reader to your blog in the first place.

4. Research other blogs within the space

There’s no plagiarism or editorial thievery, here.
Seriously, more than anything, you’re on the hunt for creative inspiration. It just so happens that there are no finer hunting grounds than blogs within your specific niche.
Because of this, open up your laptop and read through your competitors’ blog titles, taglines and even a post or two – there’s nothing off limits.
PR-Squared screenshot for choosing the perfect name for your blog
It does you no good to mimic someone else’s branding strategy, so don’t think twice about it. What you need is something unique, memorable and on point with your end goal.
Thankfully, when your brain is tired of thinking and your hand of writing, some leisurely investigatory work might be just the thing you need to find the right name.

5. Begin working with a small list of potential titles

Having made it this far, you should have a couple of pages of notes. As is customary, there are probably a few scratches and scribbles you’ve included during the ideation process, but things probably look pretty good.
At this point, it’s time to take your jumbled mess of notes and form some concrete ideas. Generally speaking, to get the ball rolling, you might try combining a few of the terms and characteristics you wrote down earlier.
If that doesn’t work – and rarely is it that simple, to be honest – take something you’ve jotted down and work with it until you’ve created a word or phrase that’s entirely unique to you.
And there’s no need to limit yourself to the dictionary when coming up with a new name for your blog. Keep combining, inventing and discovering until you’ve created a miniature, more polished list of potential blog names.
Gothamist screenshot for choosing the perfect name for your blog
Struggling to get there?
Take a break. Forget about it. Spend time with friends and family or get outside and go on a walk.
Naming the blog you plan to work with for a great deal of time can be a heavy undertaking.
It’s a labor of love.
Melissa Culbertson of BlogClarity.com put it best, saying, “It’s a process of elimination and refinement.”
Be patient. Soon, an idea will stick.

6. Check for domain availability and conflict

Finally! You’ve made it!
Not only have you finalized a list of potential blog names, but you’ve chopped it down to size and have the most perfect, groundbreaking blog name the World Wide Web will have ever known!
With the heavy lifting now over, you’re in the clear, right?
Wrong.
If only it were that simple …
Here’s the thing about digital originality – with upwards of 3.17 billion people on the planet having regular access to the Internet, there’s an incredibly high chance that you’re not the first person to have thought of what you thought was a one-of-a-kind blog name.
As such, it’s likely that the domain you’d need to launch your blog has already been taken. Keep your fingers crossed and check your domain name’s availability here.
1&1 domain search screenshot for choosing the perfect name for your blog
Ideally, you’ll want to scoop up a .com domain. However, if you’re really attached to a name you’ve come up with and the .com domain isn’t available, check to see if a .net domain is a possibility. You could even give a new topic, or location-specific domain a go, like .travel.family or .nyc.
In spite of what you might think, there are successful blogs with a .net domain. Who knows? Perhaps yours is the next one to make it big!
On the flip side of things, if the .com version of your domain is available, that doesn’t necessarily mean you’re good to go.
Keep digging to find out if any .net or .org domains exist that are similar to yours. If you discover that a name has been trademarked, avoid it. You’ll save yourself a world of hurt having done your due diligence right from the start.
But in all seriousness, the last obstacle you want disrupting your blogging career is a cease and desist letter from a furious business. Needless to say, the legal warning might put a dampener on your day.

7. Determine the evergreen nature of your new name

As far as the evergreen nature of your blog’s new name is concerned, the title must deliver on two fronts – relevance and potential.
First and foremost, the name needs to be relevant not only by today’s standards, but by those that will exist in five to 10 years, too.
Newsflash – no matter how much of a Nostradamus you consider yourself, you have absolutely no idea what will be taking place in the world in that amount of time. Sure, you can take a stab at it, but it’ll be little more than a mere guess.
Thanks to this harsh reality, it’s best if you avoid using any sort of slang, familial position or geographic location as part of your blog’s name.
Just as fads come and go, so too does being a “young mother” and the location of your family.
Chronicles of a Young Mother screenshot for choosing the perfect name for your blog
In short, if the longevity of something is completely out of your control, it’s best reserved as part of an upcoming blog post, and nothing else.
The second thing here is potential. Does the name of your blog allow for some wiggle room should you decide to alter your focus in the future?
There are benefits of having a name that’s 100% specific to your specialty, but don’t venture into this kind of branding territory unless you’re sure you won’t make any changes in a year or two.
Relevance and potential satisfy the demands of both, and blog with peace of mind moving forward.

8. Share your blog’s name with others

Your blog’s new name might make perfect sense in your head, but that doesn’t mean it’s destined for jaw-dropping success.
Be real with yourself for a moment – have you ever worn bell-bottom jeans? Shaved your head? Maybe collected Beanie Babies? That’s right – you’ve had bad ideas before, and this could potentially be another one of them.
Launching a blog, brand and image takes considerable time and energy – not to mention a bit of cash. So, before immersing yourself in the blogging world, ask your spouse, best friend or coworker what he or she thinks of when you say (insert potential name of blog).
You’ll get an honest response, and while this is certainly a subjective exercise, you’re likely to receive some feedback you’d never considered before – both positive and negative.
Whatever your friends and family members say, know that you’re the one in charge.
Repeat the new name out loud a couple of times, make the best, most educated decision you can and move forward with faith.

9. Make a decision and get to work

Naming a blog is by far one of the more sexy parts of the blogging lifestyle.
Everything else? It’s enjoyable, but it’s not nearly as attractive.
No joke – if you thought naming your blog was an arduous process, wait until it comes time to maintain a series of social networks, build an email list, drive traffic and develop your own products to both promote and sell by way of your writing mastery!
Niche Pursuits screenshot for choosing the perfect name for your blog
But wait! Let’s not forget the most important aspect of the blogging lifestyle – the continual creation of strong, engaging content!

It always amazes me how many business owners and CEOs of companies I meet who say to me, “Ah, I don’t do Twitter” or, “It doesn’t work for us; we tried it but got no results.”
When I look at their Twitter accounts (yes, I’m very nosey), I see that all they did was put out special offers, ads and it was all about them. The thing about Twitter is that it’s not really about YOU at all!
Twitter is all about people. It’s about building relationships. It is NOT about what you want to say. It IS about what your target audience wants and needs to hear.
But when it comes to using Twitter for business, there’s always an excuse why “it doesn’t work for me.” Well, I don’t buy it. If it’s not working for you (yet), here are some of the most common Twitter marketing mistakes businesses make.

1. You Joined Twitter Because You Felt You “Should”

Do you know why you are on Twitter in the first place? Is it because your audience is there?  Is it to raise brand awareness? Build relationships? Get sales?
If you don’t have clearly defined goals, you can’t know what success looks like. Set S.M.A.R.T. goals (specific, measurable, attainable, relevant, and timely) and make sure you’re always measuring your success.

2. You’re Following the Wrong Accounts

You follow big names and big corporations first.  You follow the famous business leaders and maybe even a celebrity or two. It’s a natural way to start on Twitter.
But then a regular person follows, you see they only have 25 followers, and you ignore them. I mean, only 25 followers? They can’t do anything for you, right? Wrong! This is a big mistake.
Remember that the average Twitter user is only following around 200 accounts and has even less followers than that. And guess what? You’re potential customers/clients are mostly made up of average Twitter users!
Always check out the people following your business. Chances are if they followed you, there’s a reason. If they look like a potential customer or client, engage them and start a dialogue. Not many businesses on Twitter do this. You’ll definitely stand out if you do.
Just make sure you are providing value to potential leads first. Going for the hard sale right away on Twitter won’t work 99 times out of 100. Always give before you ask on Twitter.

3. You’re Not Active Enough on Twitter

Are you spending too much time on the Twitter sidelines? It is perfectly ok to ‘lurk’ around Twitter for a while and watch what is going on. Use social listening to find out what people are talking about. This is a great way to find who is active on Twitter and the accounts to watch. (Also the ones to be wary of)
But eventually you’re going to have to get to Tweeting. In fact, studies have shown that as you tweet more, your engagement will tend to go up exponentially!

4. You’re Broadcasting the Wrong Message

You need a content strategy when marketing on Twitter. Don’t just start pushing your product or service. No one is listening to you yet. You need to build relationships on Twitter.  Focus on building a community who likes you and wants to hear what you have to say!
Just remember that people on Twitter come to learn, be entertained, build relationships or all of the above. It’s not all about selling. If people like your content and find your tweets entertaining and educational, they will help do your marketing for you!

Trust me, even the people who have a huge following know when you retweet them and they will notice you if you continually engage with them. A great way to do this is to share one of their blog posts and tag them or retweet them with an insightful comment.
Also, the media are always looking for comments on articles so check out the #Journorequest hashtag from time to time. If you like an article and it is relevant to what you do, tweet it out and tag the journalist. They will be delighted you shared it and this is a great way to get on their radar and start a relationship.

5. You Ignore Your Followers

Are you talking to your followers? When was the last time you went into your followers and saw what ‘Mary’ or ‘John’ is up to? Perhaps they are having a bad day.
Comment and engage with them. Send them a nice tweet. If they put up a photo of the gorgeous sunset, say something like ‘That is beautiful’ or ask them where it was taken. People will love that you have noticed them. Remember that people will always remember how you make them feel.

6. You Feel Like You Can’t Keep Up With Twitter

Twitter move fast and there’s a lot of noise. It can be daunting even when you’re only following a few hundred accounts.
Have you been using lists?  Twitter lists are a great way to fine tune your twitter experience because let’s face it you would like to enjoy being there also wouldn’t you?
Make a list of your favorite tweeters, ‘awesome people’, ‘business tips’ etc. I have a list of ‘impressive females’ and sometimes when I need a bit of inspiration or a little kick I always find a pick-me-up in that list. Plus, let’s face it who wouldn’t want to be put on that list? I’d be delighted if someone put me on an ‘impressive females’ list! Thoughtfully adding people to a list is a great compliment.
But Twitter lists can be used for so much more. You can build private lists of potential clients or influencers you want to connect with. By setting a list to private, the people you add won’t be notified or ever know you’ve added them to a list. This is a great way to stay organized and build relationships on Twitter. Check these lists everyday and make sure you’re engaging with the members.
Quick tip of what not to do: I once saw a company who had a public list called “customers.” Any of their competitors could see their customers and potentially try to poach them!

7. You’ve Got Twitter Writer’s Block

It happens to the best of us. You’re ready to talk to your followers but you’re just not sure what to say.
Have you tried using Twitter polls and asking your followers what they would like to see? Ask about your followers’ pain points.  Ask them what their challenges are in relation to what you are the expert in. Knowing this information will allow you to provide solutions in your Tweets. You can even start to craft blog or video content around these topics and then tweet links to it.
Twitter is all about showing that you are the expert in what you do. If you show yourself to be an authority, your followers will recognize and pay attention to what you have to say.

8. You’re Letting Facebook Run Your Twitter Account

Ever seen an account where every tweet is an incomplete thought followed by a link to a Facebook post. Huge turnoff!
If you have your Facebook account linked to your Twitter account, don’t. Unlink them. They’re two totally different audiences and platforms. Tailor your message accordingly.

9. You Get Involved in Controversy

Keep your tweets positive, use humor and keep away from controversy. It’s perfectly acceptable for a company to have a sense of humor and be a bit more relaxed on Twitter than LinkedIn. But do steer clear of controversial conversations.
There’s really no upside to getting involved in a controversial topic and the downside could be disastrous for your business.

Wrapping Up

Twitter is an awesome place to market your business, provided you know what you’re doing. Hopefully this post has helped you along the way to becoming a more skilled Twitter marketer.
The truth is, the more you learn and the better you get, the more fun Twitter will be. And that’s win-win for you and your business. Enjoy the ride!
So what do you think? Are you making any of these mistakes? Are there any I missed? I’d love to hear from you in the comments section!

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