Re:Elon's first big move: pay to remain verified on Twitter
by yieldcrv on Sunday October 30, 2022 @06:59PM
(#33399917)
I've bought many social media accounts before, this is way more efficient and less disaster prone than paying for likes/followers, as you won't get bots. You'll get a professionally curated and grown account with the level of engagement to your choosing, with the audience geared towards the brand/theme of the account's content.
What people don't realize is that each individual account is like purchasing a business. There are way too many similarities to think of it any differently.
When you buy an account, you get all the DMs which often include a whole network of traders, promoters, service providers, negotiations, trade lines. Typically you also get the email address and password used to create the account, which has even more of this.
You are mostly getting ROI pretty quickly by doing a few promos really quickly. Its actually based on a multiple of getting ROI.
Purchasing an account is a fairly low trust environment, fraught with scams. Most social media Terms of Service actually exacerbate this, by mostly banning the concept of buying/selling an account. Since this happens, the platform should actually be facilitating these transactions and there is a lot of value to extract. Escrow services charge 30% right now, but a network of trusted traders is better and more valuable.
With that said, $4.99/mo for the tip of the iceberg of the value of these accounts is extremely underpriced. Tolerable overhead costs are in the thousands if we are being honest. This should be its own separate tier than just "Twitter Blue", as it will price out too many people to operate at scale, but this is definitely a model that is neglected by social media platforms right now.
What people don't realize is that each individual account is like purchasing a business. There are way too many similarities to think of it any differently.
When you buy an account, you get all the DMs which often include a whole network of traders, promoters, service providers, negotiations, trade lines. Typically you also get the email address and password used to create the account, which has even more of this.
You are mostly getting ROI pretty quickly by doing a few promos really quickly. Its actually based on a multiple of getting ROI.
Purchasing an account is a fairly low trust environment, fraught with scams. Most social media Terms of Service actually exacerbate this, by mostly banning the concept of buying/selling an account. Since this happens, the platform should actually be facilitating these transactions and there is a lot of value to extract. Escrow services charge 30% right now, but a network of trusted traders is better and more valuable.
With that said, $4.99/mo for the tip of the iceberg of the value of these accounts is extremely underpriced. Tolerable overhead costs are in the thousands if we are being honest. This should be its own separate tier than just "Twitter Blue", as it will price out too many people to operate at scale, but this is definitely a model that is neglected by social media platforms right now.