Online Media Cultist

Twitter is hugely popular, growing quickly, and has attracted lots of funding and worldwide buzz and all the other things a wildfire-on-the-way-to-greatness web start-up could ever hope for.

But how’s it ever going to make money?

That’s something that people have been discussing for a long time now. Aidan Henry, who I know from MappingTheWeb but is also now writing over at ReadWriteWeb these days (CongratsAidan!), posits a few interesting theorems today. In short, Aidan suggests doing contextual ads that run in Twitter feeds, an adwords-like system that auctions off ad space, or a tiered model with a free level of access and a subscription-level that allows people to get the site ad-free.

Personally, I like doing things simple and easy whenever possible. Although many people access Twitter through a mobile device or through applications like twhirl and twitterrific, there are large numbers who access it on the web, through twitter.com. Why not just put a leaderboard banner ad across the top of the page and perhaps a skyscraper ad underneath each person’s friends in the right column?

That way, each time anyone refreshes their page to receive new messages, and each time someone clicks around the site to browse, a new ad impression is created. Geotargeting or some other means of sending contextually relevant ads could further increase CPMs.

I think introducing ads into Twitter feeds could be a dangerous move. Even clearly labeling tweets as “sponsor messages” will annoy many people. It will also open the floodgates for more spam to be introduced. For example, if Twitter is sending sponsor messages, why can’t I send sponsor messages of my own? This could have an overall negative effect on what is currently a great and thriving and growing community.

Clearly these are all things that the people at Twitter are pondering. It’s a tough problem, adding a revenue model into the mix of an existing free service. I hope that Twitter can eventually figure out a system that works and does minimal harm to what is now a pretty special community.

Growing up on Long Island, it was my daily ritual to grab whatever part of Newsday I could get my hands on to read during breakfast. These days, I have my laptop and while I do a cursory scan of the news headlines (and typically get a shot of politics via ABC.com’s The Note), it’s the online media blogs that have emerged as the places I spend most of my reading time.

Compiling a Top 10 list was both easier and more difficult than I thought it was going to be. My favorite of favorites were quick plucks, but near the bottom of the list it got rough going as to who would make the final few slots.

This list of course reflects my own interests and passions, which include: online media and the web 2.0 world in general, blogging-as-profession, the blogosphere, social news, social networking, the MSM-blogospheric convergence, start-up culture, and online entrepreneurship.

I’ll try to update this list over time to see what additions and changes may be warranted.

#1 - mathewingram.com/work - Mathew Ingram
Ingram, a technology writer with The Globe and Mail in Toronto, combines the best elements of journalism with the best of the blogosphere, making for a smart, interesting, and opinionated take on news related to a wide range of online media- and tech-related issues. I find I most often agree with Mathew’s takes, which occasionally are controversial, so more than anything this is the case of an online publication that perfectly suits me, the reader. That more than anything is a wonderful endorsement of the blogosphere and online media as Long Island (and, now, Pasadena) is a long way away from Toronto!

#2 - The Jason Calacanis Weblog
Jason Calacanis is fun to follow. Former CEO of Weblogs Inc. and “relauncher” of Netscape as new styled social news engine, Jason is for the moment an “Entrepreneur in Action” for Sequoia Capital. He also can’t help but write brief, passionate, and decidedly outside-the-norm opinions on a wide array of subjects. From following his blog babies from Weblogs to strategizing the LA housing market (no easy feat!) to making an impassioned blogospheric plea regarding the Genarlow Wilson case, this is a must read blog for ambitious bloggers and online media cultists.

#3 - TechCrunch - Michael Arrington
TechCrunch has become something of the daily online newspaper for all things web 2.0. This is the preeminent place to find out what start ups are up to and what moves the big guys are making in the online space. Arrington is opinionated and occasionally self-inflated, but the information that he pumps out day-after-day makes TechCrunch an absolute must to stay afloat in the 2.0-ish rapid currents.

#4 - Mashable! - Pete Cashmore
Mashable! has evolved into a TechCrunch for those interested in social networking and the massive changes going on in that space. No one else keeps up with the dizzying myriad of social networking, widgeting, and third party add-ons like Cashmore and Mashable!

#5 - ProBlogger Blog Tips - Darren Rowse
Yet another must read for bloggers, this is Blogging 101 for bloggers who are serious about increasing readership and making money from self-publishing online content (extremely difficult feats, both). It helps greatly that Darren is relentlessly positive and upbeat and provides a steady stream of tips, updates, and strategies for the blogging life. He’s also deeply enmeshed in the community side of things, which is certainly leading by example!

#6 - BC Magazine – Sci/Tech - Phillip Winn, Daniel Woolstencroft, Steve Wild, Raoul Pop, Diane Kristine, Bruce Kratofil, John Vaccaro, and many others!
I can’t leave out my brethren and sistren over at BC Magazine’s Sci/Tech section. Each day you can find a great variety and diversity of news and opinions on the tech and online media worlds.

#7 - How to Change the World - Guy Kawasaki
On his about page, Guy boils down his entire mission statement to two words: empower entrepreneurs. And that’s what each post gives you: tightly focused advice on how to reach the next level, whatever that might be. Again, I must gravitate toward positive and forward-thinking personalities, and Guy is nothing else if this. Inspirational and practical stuff both.

#8 - Publishing 2.0 - Scott Karp
Scott is unmatched in shedding “web 2.0″ and the current state of online media in a philosophical and intellectual light.

#9 - Blog Maverick - Mark Cuban
Self-made millionaire and Dallas Mavericks owner Mark Cuban is delightfully blunt and compelling on a myriad of subjects, from the massive repercussions of the shift from TV to the Internet, to why men shouldn’t wear ties, to how NBA referees should do a better job, and that’s just for starters!

#10 - Deep Jive Interests - Tony Hung
I discovered Tony through a recent guest blogging stint on ProBlogger, and he’s quickly become one of my favorites. The good doctor goes deep on all aspects of blog-world, from the blogger v. journalism debate, to the use of widgets, to linkbaiting, and onward.

Honorable Mention
There are many, but I’ll hold to just two:

* Micro Persuasion – Steve Rubel
* Mapping the Web - Aidan Henry

Update: None other than Mathew Ingram was kind enough to point out to me that I mistakenly labeled the great Scott Karp of Publishing 2.0 as Steve, not Scott. Sorry Scott!