from the greater-fool-theory dept

Elon Musk’s next big revenue bet is that companies really, really, really want to show up as “verified.” All evidence suggests that very few Twitter users are interested in paying Elon $8/month to constantly break the site or engage in ego-driven experiments that make the general experience worse.

A few weeks ago, we found out that he’s trying to get organizations to pay $42,000 a month to access the Twitter API, and maybe that was just a framing technique. Because Twitter has announced the next round of its check mark program, which begins with deleting the “legacy” checkmark holders (which, honestly, to many of us is a huge relief), but also telling businesses and organizations they need to pay $1,000/month if they want to keep their checkmark.

The page for “Twitter Verified Organizations” says (laughably) that they’re “creating the most trusted place on the internet for organizations to reach their followers.” Which is kinda hilarious that anyone believes that. And, apparently, the way to create “the most trusted place” is to make sure that no users know whether or not organizations are legit or not såvida inte they’re willing to pay through the nose.

In the US, it’s a flat rate, $1,000 per month, with a $50/month additional fee for each “affiliate seat subscription.”

That “affiliate” seat subscription” appears to be for employees that work for the company who are promoting it:

The best marketing comes directly from real people on Twitter. Now, you can affiliate your organization’s champions so that everyone knows where they work. Affiliates receive a small image of their organization’s Twitter account profile picture next to their name every time they Tweet, send a DM, or appear in search. 

You can affiliate anyone who represents or is associated with your organization: leadership, product managers, employees, politicians, customer support, franchises, sub-brands, products and so on. An account you invite to affiliate must accept your invitation.

I’m sure some sucker companies are going to pay up, but this is going to get expensive very fast for any small or medium-sized business, so why bother? And, yes, this is all flat rate pricing, so giant consumer packaged goods companies may be willing to pay, but non-profits? Small businesses? Governments? It applies to all of them:

Twitter Verified Organizations enables organizations of all types–businesses, non-profits, and government institutions–to sign up and manage their verification and to affiliate and verify any related account. 

In some ways, this is just Musk making a bet on extortion. Organizations and governments that don’t pay will be much more likely to get impersonated on Twitter and risk serious problems. So Musk is basically betting on making life so bad for organizations that they’ll have to pay these ridiculous rates to avoid people impersonating them.

I’m not sure how that creates “the most trusted place on the internet,” but then again, I didn’t set $44 billion on fire to fuck up a website I didn’t understand.

Sparad i: extortion, non-profits, organizations, trust, verified

Companies: twitter

Despite concerns over its radically high pricing, Twitter is pushing ahead with the rollout of its ‘Verification for Organizations’ offering, which enables brands to purchase a gold checkmark for their main account, and verify their employee profiles as affiliates.

Twitter first put out the call for selected businesses to sign up to the program back in January, as part of its broader revamp of verification, which aims to both democratize access to checkmarks in the app, while also establishing a new revenue stream for the business.

Now, more brands in more regions are being invited to register their interest, which could soon see a lot more gold checkmarks and square profile pictures appearing in your feed.

If they’re willing to pay up. Twitter’s currently looking to charge businesses $1,000 per month for the option, which seems like a high price to pay for a different colored tick – and really, not much else.

As per the communications being sent out to businesses, for your $1,000 monthly investment, Verification for Organizations will give you:

• A gold checkmark on your brand account
• A square profile picture on your brand profile
• An affiliate badge, a smaller version of your brand profile image that’s added to approved accounts in the app
• Affiliates display on the main brand page, which shows all the accounts linked to the main brand profile

• Twitter Blue access for all brand and affiliated accounts

So you do get access to all the Twitter Blue features, for your main account and any profiles that you approve as affiliates. But you do also have to pay for each affiliate you register – if you want to approve your staff, and get them both an affiliate marker and a blue tick, you’ll have to pay $50, per month, for each profile you add in.

That seems like a lot – especially considering you can just pay $8 per month to sign your brand profile up to Twitter Blue and get a regular blue checkmark in the app. Maybe Twitter will eventually look to cut off Twitter Blue access for brand entities, but right now, you’re really paying an extra $992 per month for a different colored tick.

Is that worth it?

I guess, Twitter’s hoping that it can reach a critical mass of brands that sign up for a gold checkmark, which will then make it the new gold standard in brand recognition, and in turn, raise questions about the legitimacy of other brand accounts that don’t have that gold tick endorsement. That could force more brands to sign-up to the program, in order to ensure that they’re seen as the official brand entity in the app.

I’m not sure that’s going to work, but that seems to be the principle that Twitter’s going with, effectively using the value of exclusivity that was once afforded to the regular blue checkmark to make the new gold tick more desirable, thus boosting interest.

But it’s a lot. $1000 a month is likely beyond the reach of most SMBs, and it’ll be hard for any brand to justify the expanse, for so little in return.

Some reports have also suggested that Twitter’s giving away the gold checkmark to approved ad partners, as another means to make it a bigger thing, and that could be another effort to further incentivize take-up, by using competitive sensibilities to prompt other brands to want one as well.

Again, I don’t know that it’s the right approach, but Twitter’s, at the least, going to kick the tires on the option, at its current price point.

And it’s coming to more regions – Verification for Organizations is now available in the US, Canada, Australia, New Zealand, Japan, the UK, Saudi Arabia, France, Germany, Italy, Portugal, Spain, India, Indonesia, and Brazil.

With a heap of advertisers still not coming back to Twitter, Elon and Co. definitely need the extra money – but do you need the ‘benefits’ that this program provides?

Krishan Arora is CEO & Founder at The Arora Project, a globally recognized leader in crowdfunding & scaling high-growth ventures.

Artificial intelligence (AI) is transforming the marketing industry. As an agency owner myself, I can see in real time how the landscape is shifting under our feet. As businesses seek to reduce costs, increase efficiency and improve their marketing strategies, they are turning to AI-powered marketing tools to automate many of the tasks previously done manually.

One of the most significant areas is in the field of data analysis. AI-powered tools can analyze vast amounts of data quickly and accurately, providing insights into customer behavior and preferences that can inform marketing strategies. This includes analyzing customer data from social media, search engines and customer reviews. By automating this process, businesses can reduce the need for human staff to analyze data manually, saving time and money.

Chatbots—computer programs designed to simulate conversation with human users—are also AI tools and can be programmed to respond to customer inquiries, provide product recommendations and even process orders. This tech is becoming a popular option for companies looking to expedite the handling of customer inquiries.

When it comes to marketing, there’s been an emergence of AI tools that can help automate processes around content generation. This includes developing social media posts, email marketing campaigns and even video content. AI-powered tools can generate content automatically, based on preset parameters, reducing the need for human staff to create each piece of content manually. This can help businesses save time and money while ensuring their marketing content is still high-quality and on-brand. In our agency specifically, we use AI tools to help create incredible marketing copy with just a small input of text and to help create strong brands, logos and presentation design files with ease and at scale. These have helped us boost productivity and results, and I highly encourage other teams to adapt to this revolution.

Aside from impacting tasks within the marketing role, AI tools are also affecting the workforce in terms of job skills. As businesses adopt more AI-powered marketing tools, I believe they will increasingly be looking for staff with skills in data analysis and machine learning. As a result, traditional marketing roles, such as copywriters and graphic designers, may become less in demand, while data analysts and machine learning experts become more sought after.

Marketing teams that adapt to using AI in their workflows will have a significant advantage over those that do not. I don’t think this technology will replace humans altogether. What I think will happen is that there will be two cohorts of marketers: one that uses AI to increase productivity and results, and one that does not. Those that do not will have a hard time keeping up with the AI-boosted marketing teams.

As businesses continue to adopt AI-powered marketing tools, it is likely that the trend of role restructuring and new opportunities will continue. However, it is also important to note that AI is not a silver bullet for all marketing tasks. There are still areas in each of these categories where human staff is essential, especially when it comes to developing creative concepts and building relationships with customers.

In conclusion, the use of AI in marketing is transforming the industry. As businesses seek to reduce costs and improve their marketing strategies, they are increasingly turning to AI-powered marketing tools to automate many of the tasks previously done fully by humans. This is leading to job losses in some areas but is also creating new opportunities for workers with skills in AI and machine learning. As AI-powered services continue to evolve, businesses and workers alike must adapt to these changes to stay competitive in the market.

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