Current Location:
Tokyo

Current Book:
Atlas Shrugged - Ayn Rand

Current Song:
Joey + Rory: My Ol' Man

Current Cause:
OGA for Aid


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Monthly Newsletter

Lesson in Twitter Advertising: Let the Tweeter be your Copywriter

I use SponsoredTweets and think it is a great way to earn additional personal or business income through social media. I also think it is a great and cheap advertising channel as a media buyer.

However, Twitter advertising is still in its early stages. There are lessons to be learned on what are effective ads on Twitter.

Recently, I was approached by an advertiser through SponsoredTweets. They provided some pre-defined text for me to Tweet out in exchange for payment. I accepted it and the system tweeted it for me.

A couple of days later, I received a message that the tweet would need to be tried again because it did not receive enough clicks. Sponsored Tweets makes sure that a strong ratio of views/clicks exists to provide a solid service to their media buyers, which I completely respect.

However, Sponsored Tweets requires that you change the text of your original tweet, since the way you put it obviously did not work the first time. So, I changed the text around from the ad copy that the advertiser provided to something that sounded like it came from me and submitted it. Incredibly, the advertiser responded that the copy must match what they provided.

Obviously they did not entirely understand that Sponsored Tweets forces the user to change the text. But, more importantly, they do not understand the purpose behind that.

The first ad copy did not work for a reason. The advertiser wrote the copy. I can tell you from experience that all of the ads I have written have done better by far in terms of clicks received.

Anyway, I added a period to satisfy Sponsored Tweets and the tweet went out again. Sure enough, it was returned as it did not receive enough clicks. And sure enough, the advertiser still wanted me to run that same copy for the third and final time. I will not even try to run an advertisement for that sponsor again.

The smartest Twitter advertisers allow the user to write their own ad copy. If you want their followers to click through to your site, you want it to sounds like it is coming from the user, not some copywriter on Madison Ave.

Gulf Oil Spill Oil Leak Estimates

From the NewOrleans.com dedicated gulf spill news page on the Gulf Oil Spill comes estimates for the total amount of oil leaked into the gulf. The widget is actually off a PBS site. Either way, the numbers and uncertainty is staggering.

Just look at the difference between what the NOAA estimates versus BP’s worst case scenario estimate. Talk about a large margin of error.

What’s the Deal with Macarons?

macaron stack

Seriously, can someone please explain? They have taken over our local coffee shops and I read an article a week about them. These things just came out of nowhere and are now the latest fad worldwide.

Today, I got a chart comparing worldwide macaron prices (a dozen, I believe), as if they were to replace the Big Mac Index!

City Currency US$
Frankfurt 12EUR $16.04
London 11.30 Pounds $17.22
Singpaore S$25 $17.60
Brussels 13.5Eur $18.05
Shanghai 130 yuan $19.04
Hong Kong HK$168 $21.64
Paris 18EUR $24.07
Sydney A$28 $25.97
New York $27 $27
Tokyo 2,652jpy $28.23

I just don’t get the fuss…

Market Crashes During My Vacations

vix may 2010

If history is any indication, keep an eye on my travel schedule for the next couple of years. The last two times I have taken a voluntary exotic vacation with Katie (I don’t count my honeymoon as that is a mandatory vacation), the markets have crashed hard.

The first time was in September of 2008. The indications were almost there the day we left for Italy, but Lehman Brothers declared bankruptcy on Monday of the trip and by mid-week all hell had broken loose and the markets were in free fall. I spent the nights online working and the days sleeping in the sun while Katie patiently watched in disappointment. The trip was ruined and understandably so.

This time was a bit more gentle, but it still happened. Last week, I left to charter a sailboat in the British Virgin Islands with little hesitation about leaving. Yet sure enough, it happened again. The markets crashed midweek. It started in Europe and carried over the US. At one point, the DOW was down 1000 points intraday and the VIX was up almost 20 points on the week. This week is lining up to be a crazy one, with the potential of a European country or bank defaulting being quite high (today’s rally is still volatility, good or bad).

I have no explanation other than pure coincidence. But, it could surely happen again. I’ll make sure I send out a remind for my sunny vacation of 2012. It might just be the right time to get short again.

*image source: yahoo.com

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