We just wrapped up another amazing #Blogchat on Twitter. If you aren’t familiar with #Blogchat, it’s the largest chat on Twitter, and when it gets rolling starting at 8pm Central, there will be over a tweet left every second. So while there is a TON of great info, it’s impossible to keep up with everything.
And a lot of people won’t even try, and up till a few weeks ago, they would wait till 9pm Central when I would post a transcript for #Blogchat that I had created with a free site called WTHashtag. But there were some changes to Twitter’s Terms of Service, and apparently WTHashtag.com is down now.
But, I know there are some services that can still create transcripts of Twitter chats, although most of them have difficulty catching all the tweets, and if they do, there’s no organization other than to show them in a stream as they happened.
So there is a HUGE demand for transcripts and transcripts that can easily be organized and searchable. Because let’s face it, if you are trying to sort through 5,000 #Blogchat tweets, you need a way to organize the information and track the conversations as they happened.
I think if a company came up with a way to create a killer Twitter chat transcript tool, that they could totally sell transcripts. I sent the tweet out tonight asking if people would pay say $3 for a great transcripts, and dozens of people said they would. I didn’t see anyone say they wouldn’t. When you think that in #Blogchat alone there are 1,000 or so active participants in a good week, and likely at least that many lurkers, you are looking at least a couple of thousand potential customers. And I could even see where a company could sign an agreement with chats to become the ‘official’ transcript for that chat. If a great product/transcript was available, it could quickly corner the market and easily generate several thousand dollars a week in sales.
What the transcript would need is:
- Be searchable. By keyword, Twitter user, etc.
- Be portable so I could use it on my iPad, or Kindle, whatever. Maybe PDF form or something else.
- Have a ‘conversation view’ or something similar where I could chose to have the tweets organized by conversations. It is almost impossible to track conversations when tweets are spaced out in a convo every 5 mins, and there’s 300 new tweets a minute.
Those are some ideas. If someone was going to charge you say $5 for the PERFECT #Blogchat transcript, what would it have to have in order for you to buy it? What’s missing?
And to clarify, I am NOT looking to sell #Blogchat transcripts. I have no idea how to even create them. I am trying to get a discussion started to show companies that there is potential to this idea. Do you think there is?
UPDATE: Great discussion in the comments, but I think Fred may have come up with the perfect solution – “Hey Mack. I think your idea is in the right direction, but as several (like Shannon Whitley @swhitley, Rick Stilwell @RickCaffeinated and Debra Ellis @Debra_Ellis) pointed out, there are some potential legal and “do I want to contribute to a discussion that somebody else monetizes” issues that need to be overcome (ironically, you don’t own your own tweets – twitter does).
Personally, I’d look to solve this problem from a slightly different angle – rather than sell chat transcripts, I’d look to develop an independent app for “personal use only, running on my own personal device” that provided the type of functions you listed for any chat/search/etc.
Think of it as a “twitter-mining” tool. That, to me, would have significant value and possibly avoid the personal and legal pitfalls of an entity trying to sell Twitter content.”