I love it that the founders of Twitter appear not to know what their long-term goals are for the site, nor do they engage in its use all that often. In reports, they seem to admit that it's some sort of global entity (barring places like China, I guess) that has taken on a life all of its own - I even read the term 'eco system' somewhere, but I'm not sure that's very apt. I love that the site has exploded over the past 4 years and I love that we, the common people, can keep ahead of what the mass media subjects us to via our TV screens, radios and newspapers. Now, however, we are able to peel it all back and look behind the sensationalism of the tabloids. I would venture as far as suggesting that such platforms could, quite easily, bring about the downfall of newsprint.
Now for the most intriguing part, the part that has me completely stumped. It's also a problem I can closely associate with... how does it pay?
Imagine hosting an extended party for millions of people and having to contain the event within one location. Imagine the costs involved in preparing such an area, furnishing it with everything needed to host the event and then finding out all your guests wanted to bring all their friends with them and stay permanently. Worse still, many of those attending want text message reminders of everything. It all adds up to a phenomenal amount of money to cover costs. HOW DOES IT PAY?
Looking at it logically, the mobile network tie-in has to be one source of revenue, because so many members can now text news and photos direct to the networking sites. The likes of Orange must be creaming a fortune from the huge increase in their network traffic through their deal with Twitter alone.
But I digress... the economics of online social networking isn't what I meant to get into right now. What I would like to show you is how simple and effective the likes of Facebok and Twitter can be for moneysavers and, dare I say it, followers of Frugaldom. So come on people, let's see you all making the most of a fantastic opportunity here. There's absolutely nothing in it for me by way of any affiliation, but please join Twitter and then follow Frugaldom. Here is one reason why...
I needed to spend money! There were two items I needed that I could neither source for free nor borrow.
Amazon runs an affiliate scheme whereby members can earn commissions on sales, so I 'Tweeted' out a message asking for someone to post an affiliate link to my chosen book. It wasn't long before I had a response. Not only did I buy my bargain and save myself over £5 on the book's cover price, I was also able to help a fellow Amazon affiliate member earn a few pence extra in commission.
Next up was the kettle - I wanted a large capacity, low energy model so I could save on electricity. What with the power prices going up and the number of times this household boils the kettle for a cuppa, I reckoned there must be savings to be made there, even allowing for the fact that any extra boiled water gets decanted to a thermos flask. So I posted on Twitter and Facebook. Here's how that went:
That's still a mystery to me. But I don't simply want to make money out of social media or online networking, I want to SAVE money. A penny saved is a penny earned, so this weekend's socialising has earned me £35.40 for the hour or so it took me to check the posts, respond, order and, finally, put this blog together.
Follow Frugaldom on Twitter and stay ahead of the game - tweet your bargain finds so you're sharing the news with friends and followers - instantly.