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Sunday, July 25, 2010

Make Money on Twitter

Twitter is a social networking website that works on the principle of micro-blogging. There are many who claim that Twitter is a useless form of social networking, but when you learn how to actually make money on Twitter, this perception changes. Making money on Twitter is a very simple task, and required no great investment of time or money from you.

The secret to making money online, especially on Twitter is to entertain as many advertisers as possible. Since social networking websites are large platforms for people to see ads, advertisers are willing to pay a fairly high amount to people who promote their products and brands. People who are on Twitter regularly send updates (or Tweets) to their followers, in the form of messages that do not cross 140 characters. People who wish to make money on Twitter, can gain a certain amount of money for each tweet that they send, using various Twitter tools.

5 Ways to Actually Make Money on Twitter

Many people often ask, Can you make money on Twitter, and are quite surprised when they receive a positive answer. Now this is an easy task, but it requires a certain degree of understanding about what is Twitter and how does it work.

Direct Advertising
This is just a way for you to directly tell your followers about a certain product or service. You are either directly recommending the product/service to them, or are promoting it. Either way, the seller is getting great advertising for a minimal cost, and will thus pay you for your service. You can promote tons of different things this way, and earn a lot of money through these sellers. This method can be useful only if you have a large base of followers though. It is for this reason that you will find the Twitter page of celebrities containing some messages about various products and services.

Paid Review
This is simply a form of direct advertising, and here you are writing down a review of a certain product/service and getting paid for it as well. The seller can capitalize on the reach of your Twitter page, and your recommendation is helping him garner more sales. All these methods will be more effective if you can manage to get more followers on Twitter.

Sponsored Contest
This is another way that marketers make use of in order to promote and sell their products. A sponsored contest is simply a way for the marketer to get feedback about his offering, and this is something he is willing to pay a price for. The Twitter page of a person who has a lot of followers becomes a hub of promotions and feedback of sorts for the seller. Learning how to make money Tweeting is something that goes hand in hand with this.

Sponsored Advertisements
The simplest way to make money on Twitter reviews involves making your Twitter page an online store for the advertiser. Since they are using your channels (through your followers) they will pay you a hefty premium for it. By placing sponsored advertisements on your Twitter page, the advertisers are promoting their product even when you are idle and not working on your page. This method has nothing to do with you tweeting people, the ads will simply be there on your page at all times.

Charge for Access
This is a method that a lot of celebrities use. What happens is that every individual who wants to follow them has to pay a certain amount of money, and this is also a great way to make money on Twitter. Sadly this is not a method that everyone can use, because there are only a select few people who can take the liberty of doing this.

Twitter is changing the way that the Internet is functioning, and you can be sure that soon there will be more ways to make money on Twitter. Utilize these options to their fullest, and you will start seeing social networking websites in a whole new light.

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