#QuickPurchases, Twitter And American Express Team Up

#QuickPurchases, Twitter And American Express Team Up

American Express Company (NYSE:AXP), unlike their competitors, has had its finger on the pulse of its customers mobile and social use for some time. The company is quite savvy to say the least. 

American Express

The company used a number of strategies to integrate their brand into the growing social media lives of their customers in a profitable and sustainable way. Monday saw American Express Company (NYSE:AXP) enter into a relationship with Twitter that will allow their cardholders, once their card is synced with twitter, to make purchases simply by tweeting a specific hash-tag. In a Groupon manner, American Express will be providing their customers with special deals each day. If a customer is interested, he/she only needs to tweet the specific hash-tag. Following this step, the cardholder will receive a request for confirmation via Twitter. Once the customer confirms the purchase, his or her card will be charged and the product will be shipped immediately.

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Following this announcement, it’s no surprise that the news was not going viral on Facebook Inc (NASDAQ:FB). Rather, and this makes a tremendous amount of sense, Twitter became the moderator for this debate. This debate includes a number of questions from the practical to the ethical.

Firstly? Do your followers want to see what you are purchasing? Yes and no. Let’s say you follow LL Cool J, a recent over-the-top Twitter promoter as he hosted the Grammy Awards on Sunday, it’s clear you care what this person is saying. Following that logic, it’s not difficult to imagine that the same follower would be interested in his purchases. At the same time, my followers are probably not nearly as interested and will find this Tweet trite and of no value to them. This is to say nothing of the confirmation tweet that follows and will probably annoy.

This, however, for American Express Company (NYSE:AXP) just works alright. Twitter will undoubtedly go a long ways towards building knowledge of the specials on offer and sales should follow.

The ethical question, in my opinion, is moot. Won’t this make it too easy to make impulse purchases? No. Easy? Certainly. A wise man once suggested that ” a fool and his money are soon parted,” and he was right. It is after all his money and ask yourself…..is it foolish to purchase a Amazon.com, Inc. (NASDAQ:AMZN) Kindle Fire HD for $149.99, which currently ranges from $199 to $240 on Amazon.com? Asking this question about impulse purchasing is like saying McDonald’s Corporation (NYSE:MCD) is responsible for keeping you thin and should make their Big Mac fat and gluten free. There is no ethical conundrum.

Details of the deal were not disclosed but my Kindle Fire is on the way to my house.

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While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>
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