As of Q2 2015, Twitter had over 95% brand awareness
across the most important global markets. Despite this enormous awareness, Twitter
managed to achieve less than 30% penetration of users in these markets. This
low level of penetration implies that Twitter has only reached early adopters
and technology enthusiasts and has not yet reached the next cohort of users
known as the mass market.
The management believes they have failed
to do two critical things; firstly, they have not yet clearly communicated
Twitter’s unique value and so that’s reflected in everything they do across
product, content and marketing, and as a result, non-users can ask Why Should I Use Twitter?
Additionally, the company has not
delivered on meeting the new potential user’s expectations of Twitter when they
try the product. Simply said, the product remains too difficult to use. Jack Dorsey,
Interim CEO believes that they need to simplify the product so everyone gets
value from Twitter faster.
In short, the company has not yet communicated,
‘Why Should People Use Twitter?’ nor made it easy for them to understand, ‘How to
Use Twitter?’ This is both a product issue and a marketing issue.
You Should Also Read: So What Should You Expect From Twitter?
A lot of other products in the past have
overcome these same issues and have successfully made their transition to reach
the mass market adoption phase and the management seems confident they can do
the same.
The management is working as rapidly as they
can to put Twitter in a position to launch an integrated marketing strategy and
marketing campaign before the end of 2015.
Anthony Noto, Chief Financial
Officer said, ‘We have begun the process of hiring a CMO and are encouraged by
the quality of candidates that we are in dialogue with’.
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