Tr.im Missed Their Biggest Opportunity to Monetize Andrew Davis

I was disappointed to learn this morning that Tr.im — the URL shortener of choice for many of us here at Tippingpoint Labs — had shut down their service.

As URL shorteners move through their life cycles, we’re destined to see more consolidation in the market. The biggest issue facing the URL shortener platform as a whole is that they’ve failed to identify the most obvious monetization opportunity available today — detailed measurement statistics and metrics.

Tr.im showed the most promise

Tr.im Could have Monetized!

Tr.im called it quits in the middle of the gestation phase for one single reason: failure to monetize. I would have paid $10 a month for their stats (far more valuable than Viralheat) and they could have monetized overnight.

Early on, I picked Tr.im as the most promising URL shortener. They maintain the expectation with the user that if I click a Tr.im link, I’ll go directly to the URL on the other side of Tr.im. Digg just made the mistake of putting themselves in the middle of the click-through to the article. This additional step defeats the purpose of this kind of service: get me to where I’m going as efficiently as possible.

What’s more — much more! — is that Tr.im had metrics, giving us the ability to see how far, frequently and from where our Tr.im URL’s were clicked. Our team — and marketers around the world — could access that aggregated information collected through the unique URL’s provided by the service. In a day and age when measuring your ROI for a given campaign is crucial to your marketing success, this kind of data is invaluable.

URL shorteners hit gestation without a monetization concept

As URL shorterners, as a platform, move into the Escalation Phase, they’re counting on traditional revenue streams to provide them with a monetization model that will prove to be profitable. News flash: advertising and branding opportunities won’t pay the bills.

Coca-Cola debuted their URL shortener in the hopes that loyal Coke fans around the world will spread the Coke brand even further. This is really idiotic. As soon as a brand name is introduced into the process you expect interference. TinyURL.com, who was early to the game, dominates the market, and what users want is a reliable, trusted, third-party URL shortener that will deliver measurable results.

My money’s on whoever charges for data

URL Shorteners in Gestation

So, who’s going to emerge as the dominant player in the URL shortener game? Whoever’s smart enough to monetize access to the wealth of data underlying the tinyURL trend.

Tr.im, turn your service back on. Charge me ten bucks a month to access the stats, and monetize your biggest asset: your data.

Category: New Media Life Cycle Analysis
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