I would like a social media credit card.
Faceboook $fbook should have one, Twitter $twit should have one and maybe Stocktwits $stwit should have one too. There is one company I know working around the edges of this named Klout, but there will be many more.
There should be rewards for great messaging (Follows, Retweets) because as I have been saying…Twitter is a game. For any game there should be rewards.
At Stocktwits, we have a lot of discussion about the new buzzword ‘Game Mechanics’. I think the term is overused and I don’t think there is one set of mechanics that works. Any successful site whether chasing users or customers is a game.
The talented ZEROBETA had a fantastic post yesterday about the SEVEN Habits of Highly Effective Stocktwits. All of these will be used as Stocktwits slowly rolls out it’s own set of Game Mechanics to it’s community.
It is gold and is applicable to all of social media which is not about taking, but giving. Social media is not about withdrawls, it is about deposits.
It is fun to watch and participate this industry in it’s infancy. The old guard is understandably confused as they pushed products on a world that was about more withdrawls than deposits. Going forward in the social web, many billion dollar businesses will be made helping you make deposits over withdrawls.