Ways to Make Money on Twitter

Introduction : Twitter is actually a website that follows micro-blogging, or blogging very short messages. Logging into the Twitter homepage, you will find a window where you can type “tweets” or short messages up to 140 characters. You send it out by clicking on “update” and everyone online and in your network can see that message instantly. Updates of other people will also visible to you. When you register, you can check out other people and other people can also connect to you.
A big buzz has surrounded Twitter, a service that is proving to be very addictive. This service allows its registered users to answer one simple and easy question: “what are you doing right now?”
This website and the features of this website have made it through to different channels and its appearances in different bogs and newspapers and magazines. This only means that everyone seems to be so energized because of Twitter. Everyone is tweeting and having a good time while doing it, leading the more capitalizing people to think: how can Twitter make money?

Any Twitter fan will admit that they have taken Twitter hook, line and sinker. So to harness that, one can safely conclude that the best way to make money on Twitter is by using the tools that it already has and is already familiar to the users. Here are four ways how you can make extra money on Twitter.

• Upgrade to Twitter Pro. This is the first step to everything. With Twitter Pro you are getting a paid service that has a lot to offer. You have unlimited number of tweets as compared to the standard account wherein you get a daily or weekly limit. It also allows a Cellphone/Blackberry and Windows Mobile client to use Pro tools that make your tweeting better and more robust. You can make a better statement with Twitter Pro because you use the web to transmit the tweets, so you are sidestepping the overly priced SMS charges. You can also upload tweeting pics and videos.
• Merchandise. This is a very trusty way to earn money. You sell stuff online, whether they are items you have produced yourself or otherwise. You get to tell other people what you have to sell and convince them to buy. This on is pretty basic.
• Twitter for Business following after Google Apps. This is a customized, safe and secure software that businesses run in their own intranet. BlackBerry and Win Mobile clients are already familiar of this application. Clients or the employees of the clients can easily communicate appointments and tasks because by following this platform, what the company is actually getting is a centralized personal or group communication system. It can be set up to have teams be subscribed to each other’s tweets so they keep in touch with each other’s progress.
• Use Twitter for affiliate marketing. This strategy is already used by a lot of affiliate marketers. In addition to the websites where they place links that people can click on, they also send out the links of these websites in their tweets. People who are subscribed to the marketer’s tweets would be able to click on the links and be redirected to your web page.If you want to know more check out few tips for affiliate marketing using twitter.

Who does not want to earn extra cash? Everyone does! Twitter is only one of the many sites that you can use to make some money in. The key to success in this kind of business is to look for ways that you can use to make the website or the features of the website to make money. Be creative!
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Twitter Monetization: How to Make Money With Twitter

Everyone seems to like twitter these days which is a really cool way of staying in touch with your customers, friends & colleagues. Basically twitter has presented itself as a micro-blogging platform where a user can shout out anything they want to his ‘followers’ within the limit of 140 characters.

I have just started twittering since last month (*yes I’m pretty late starter!) because initially by looking at it for the very first time, I couldn’t find any ‘value’ that it has for my work & my social life. However after reading a convincing post by Aaron Wall, I thought of giving twitter a try. Since then onwards I have been using twitter all day long, just to keep track of some of the leading experts in the Internet & Search Marketing field as well as to have some ‘fun’ with my online buddies.
Anyway the whole point of doing this post is to highlight some of the key monetization elements that an individual can explore using twitter. I assume you have the basic knowledge of what twitter is and how it works, so I will directly deep into some ideas which can make you earn money from your twitter.

• Direct Advertisement – If a lot of people are following you in ‘twitter’ or in other words if you have a ‘wide reach’ to a large number of twitter users, you can probably look into direct advertisements for monetization.

• Recommendation – You can recommend a particular product or service on behalf of your advertisers & peruse your followers to take an ‘action’.
• Promotion – You can help your advertiser to promote a new product or service to your twitter followers.

It works pretty much like niche marketing because, say if you are an Internet Marketer, It is very likely that most of your followers in Twitter are also from the same area which is why they have ‘followed’ you in the first place.

Affiliate Marketing – I was listening to Shoemoney’s podcast yesterday where he talked about how affiliate marketing can actually be blended within Twitter.

• Affiliate Links – If you are recommending a Product or a Service to your followers, you can always embed your affiliate link in your tweet. (e.g. Using a service like TinyUrl.com)
• Sales Pages – Instead of taking your followers to another website using your affiliate link, you might just want to promote your own product & services and sell them directly via your sales / landing page.

This is an area where every one can really look into. For instance say when one of your followers is asking for suggestion to choose a web host, you can always suggest him the best one from your experience but at the same time use your affiliate link which can earn you some quick cash.

Paid Review– This is pretty much like the direct advertisement, however the only difference would be, instead of blindly suggesting a product or a service to someone, you can actually do some ‘paid reviews’.

• Product – You can do a paid review about a particular product (e.g. Internet Marketing software)
• Services – You can do a paid review about services that your advertiser offers. (E.g. SEO Services, Web Hosting Services etc.)
• People – You can also do a paid review about people. For instance, maybe you can review someone’s web design skills, or you may promote someone’s ‘twitter’ account for instance.

Sponsored Contest– An advertiser may want to run a contest via a popular twitter user to get feedback about his product & services or just to create some brand awareness.

• Feedback – Example – “What New features would you like to see in Product X”?
• Brand Awareness– Example- “Describe product X in 140 Characters” or “Tell us why you like product X within 140 Characters”. The best answer can be given a cool prize sponsored by the advertiser.

Sponsored Advertisements– There isn’t must difference between this & the direct advertisement. However when I was creating the mind map, this ‘branch’ did somehow pop in, so have decided to include it. I guess the main difference would be that all the tweets which are actually sponsored advertisements can get a predefined prefix which will help your followers to identify them as ads.

• Auto Ads – There can be a mechanism or a ‘new’ 3rd party service which can actually help you to distribute or Tweet the “Ads” when you are ‘not’ tweeting or say when you are idle. An ad interval can also be set so that your frequent sponsored ads don’t annoy your followers.
• Sponsored Actions– Well this might sound like a weird idea but, I feel that some aggressive marketers might like it. Example – “I Love #Google. Re-tweet this message and WIN yourself a GPhone”. Since a hash-tag is used, all the massages can be tracked using that and a lucky winner can actually be picked from the pool.

Some of you may think that all these ‘monetizing’ options can actually turn twitter into an ‘evil’ place and slowly reduce its value. But let’s face it, if you aren’t fully utilizing all the areas of twitter today, somebody else will – tomorrow. But of course you should set a ‘limit’ on how many ‘such tweets’’ you are going to do on a day, so that your followers still consider you as a valuable contact rather than a commercial junkie.
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