The death of CoTweet should not have come as a surprise to anyone. The Twitter tool, whose users had included social media paragons JetBlue, was sold in 2010 to ExactTarget, an email marketing firm with revenues of over $100 million. After beginning as a free beta, it was one of the first Twitter tools to appeal to enterprise clients, charging a fee of $1,500 per month for access to functions that included multiple account management, click tracking and monitoring mentions.
ExactTarget will discontinue CoTweet on February 15th, replacing it with SocialEngage, a subscription-only service with a currently opaque pricing structure.
CoTweet’s death gives three warnings to people using social media tools for professional purposes.
First, you are going to have to pay. Although there is no shortage of other companies happy to pick up CoTweet’s disappointed users (Mashable offered a list of seven of them but plenty more popped up in the comments to let reader knows that they are around too), if those services cannot make money, then they are going to die as well.
Second, you are going to have to pay because other companies are willing to pay. ExactTarget is doing away with its free tool because it knows that firms see a value in the sort of functions that their tool provides. JetBlue is certainly big enough to pay $1,500 per month for its dozen-strong “Real Time Recovery Team,” the name it gives to its social media department, to have access to click-tracking, fast monitoring and scheduled tweets.
And third, you are going to have to use tools, even if companies are charging for them.
For now, Twitter only delivers the most basic of statistics and the barest of services. The company has always worked that way, preferring to let the community develop the tools for which it saw a need. That situation will not remain forever though. Some services, such as URL shorteners, have already been embedded into Twitter, killing demand for third party add-ons. Other developers, like Tweetie, TweetDeck and Summize to name just three, have already been bought, leaving rivals to pick over the remains. Twitter is now rolling out new business profiles which will give companies an opportunity to push themselves harder on the site.But while analytics that track replies, retweets, and clicks, and which even return some demographic information about followers are currently only available to advertisers, there is a good chance that Twitter will also provide access to numbers for all users. There is likely to be a fee for some details, especially the kinds of figures that will help any social media marketer to tweak their strategies most effectively. But the ability to really target your messages and reach readers will make that fee worthwhile.
At the moment, it is just too easy to think of social media as a free ride. It is free to join and free to use. You can upload all the images you want and send as many messages as you want for nothing. But as the demise of free CoTweet shows, you cannot expect to get something for nothing forever, and if that something brings value to a business, you should be getting ready to pay for the value.







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