As marketers struggle for answers and often prognosticate about how to convert social media efforts into real relationships and sales opportunities, we’ve found success with one of the newest and hottest – yet highly debated – methods on the planet at the close of 2010.
Yes, we’re talking about Twitter’s much-lauded Promoted Tweets advertising platform which launched a mere two months ago on Nov. 1.
As one of Twitter’s 20 beta testers for Promoted Tweets, Mongoose Metrics has aggressively tested the platform in a number of ways detailed below. For example, we’re currently running 14 distinct campaigns. See details and screenshots from our first 3 weeks in the blog post “Top 10 Things We Learned from Twitter’s Promoted Tweets.”
Recently, on Dec. 14, Twitter added a form to its website where companies can express interest in purchasing Promoted Tweets as well as Promoted Accounts and Promoted Trends. We’ve been told the program will begin rolling out publicly sometime at the end of January or beginning of February 2011.
We’d also like to note that Twitter – much like Google – has been less than forthcoming about how their algorithms work. In other words, at the present time, there is no guidebook.
What We Know So Far – The Basics
- You can run multiple campaigns based on key terms that relate to the content you’re promoting in Tweets.
- Bidding on these terms is competitive and begins at $.10 per engagement. An engagement is defined as a Retweet, a Favorite, a Reply or a Click.
- Currently we’re seeing some bidding competition on key terms such as SEO. The base bid for SEO is currently defaulted at $1.00 even though there has been very little competition on the term.
- Tweets must be Tweeted organically before they can be designated in a Promoted Tweets campaign. We’re not particularly fond of this method as it forces us to Tweet out self-promotional Tweets each time we refresh a campaign.
- Tweet fatigue is ambiguous at this point. Twitter tells us that a Promoted Tweet will be shown to a user a maximum of five times before it is removed by Twitter from rotation. Analytics and details on this process are non-existent. For example, some days show a major spike in impressions and engagement for no apparent reason.
The Results
As we mentioned in our first blog post about Promoted Tweets in Nov., Promoted Tweets has delivered conversions, followers and an improved Klout score. Since Nov. 1, we have received:
961,000 Tweet Impressions
18,000 Clicks
220 Retweets
168 Replies
126 Conversions
Cost = $2067
Conclusion
Promoted Tweets is a valid marketing method for generating conversions as well as brand awareness.











