You can use Twitter for networking, promoting blog posts and making new friends. But did you know you can actually make money off of Twitter? So far I have made over $60 off my Twitter account by selling tweets to various advertisers. I’m going to highlight some of these options so you can use your Twitter account to make extra income.
Sponsored Tweets
Overview: Sponsored Tweets is owned by Izea, which calls itself the world leader in sponsored conversations. In order to qualify for Sponsored Tweets your Twitter account must be at least 60 days old, have at least 100 followers and 100 status updates.
Control: When an advertiser makes you an offer, you can either accept or deny it. You can also rewrite the Tweet in your own words. The advertiser will then review your Tweet to approve, deny or request a change.
Earning Money: With Sponsored Tweets, you also control how much you get paid. You will get paid that determined amount for each approved Tweet. Sponsored Tweets will suggest an earning range based on the number of your followers and the quality of your followers. You must have $50 in your account in order to make a withdrawal.
Referrals: Another way to boost your earning power with Sponsored Tweets is by getting referrals. If a Tweeter signs up through your referral link you will get 10% of Sponsored Tweets portion of revenue through that Tweeter. If you sign up an advertiser you’ll earn 5% on each transaction When a tweeter signs up using one of your links or badges you will receive 10% of SponsoredTweets portion of revenue for each successful transaction that Tweeter makes. If you sign up an Advertiser you will earn 5% of Sponsored Tweets earnings for each transaction they make. You’ll continue to get this portion of earnings for two years.
Magpie
Overview: Magpie calls itself the original Twitter advertising network. It allows companies to create relevant and focused conversations on Twitter through the use of various tweeters like you. For Twitter users signing up is free.
Control: You have control over the frequency of your tweets and which advertisers you want to approve. Any time an opportunity comes about, you are asked whether you want to approve or deny the tweet.
Earning Money: You can earn money one of two ways. The advertiser either gives you a percentage of any sale or lead that is generated as a result of your tweet. Or you can be paid every time someone clicks on the link in your tweet ad. I have only been paid three times in the past year as a result of a sale being generated. I have found that the ads that pay per click or view pay more frequently than the ones that require a sale. Also, you can only withdraw your cash when you reach $50. This can take a while especially if you are only getting paid a commission on sales and you are not making any sales.
Referrals: With Magpie, you can only earn extra money by getting new advertisers to sign up through your referral link– not Twitter users. If you get an advertiser to sign up through your referral link you can earn 30% commission on transaction fees for the entire first year.
Ad.ly
Overview: Ad.ly automatically sends one tweet through your Twitter account every day from advertisers that you approve. With Ad.ly, you approve every ad that is sent out through your account. The company says their goal is to connect top tier Twitter users with top tier advertisers.
Control: You have control over which advertisers you work with and what the Tweets are about.
Earning Money: Although I have never personally used Ad.ly, their site says that you set the price per Tweet that the advertisers will pay. Ad.ly will suggest a price for you to request based on the quality and number of followers that you have. It sounds similar to the Sponsored Tweets model. You must have earned at least $50 to get a check from Ad.ly.
Referrals: You can earn up to 12% commission on referrals you make with Ad.ly. You will earn 12% of whatever your friends make as long as they sign up through your referral link.
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