Earlier this week, I posted my response to an article on Econsultancy.com enititled “How Small Newspapers Can Make Money on Twitter.” The core of my response was that newspapers needed to connect with their readers on Twitter first before attempting to make money from it - and I intended to offer my own advice regarding this.
Really good timing for all of this, because I attended a panel discussion this week put on by the Social Media Club of Charlottesville, which centered on social media vs. traditional media and how 3 local media organizations - Charlottesville’s Daily Progress newspaper, the Charlottesville Newsplex (comprising of local TV affiliates) and Black Enterprise Magazine - use social media. I brought up the monetization topic to our three esteemed panelists, and the general response was that social media already held value and didn’t need to be monetized. These are three people who are already well-versed in the use of Twitter and know how it fits into their traditional media structure. They all understand the value of connecting with their community through social media and that it shouldn’t have to be directly monetized in order deliver any value.






