Can You Make Money On Twitter?
Twitter is a popular social media platform with over 330 million active users per month. When it first came out, its popularity rose, and its founders were making millions. Nowadays, however, there are more and more people making money from Twitter, but how?
Through promoting products, affiliate marketing, sponsored tweets and many other methods, marketers and companies are finding smart ways to gain some profits out of this platform, and rightly so!
If you find yourself asking the question ‘can you make money on Twitter?’, then look no further as we share the various ways it can be achieved in this article.
Why Make Money on Twitter?
Before we dive on into how to make money on Twitter, we thought it would be useful to share the point in doing so, and why people find it so beneficial.
Twitter is said to be one of the most popular social media platforms in the world. With thousands of brands, companies, and celebrities all on board, it makes for a great place to connect, share and sell!
Having so many people in one place makes for a great place to therefore advertise products, sell services, create advertisements and many other possibilities, because there is an audience to take it in.
People turn to Twitter to make money for these three main reasons:
– Large user base
– Little to no spending to acquire new customers
– Good brand exposure
It is such an easy and cheap way to find new customers when using Twitter, and an easy way to get better brand recognition for companies. So how can you as an individual make money from this fantastic platform? Let us show you how!
Methods to Earn Cash on Twitter
Promoting products
If you have an online business selling products or would like to start selling, then a good place to market your products is on Twitter. Sharing links from products you are selling with the likes of eBay, Etsy or even your own website, is a great way to create more interest and find new customers at the same time.
This method of promotion has proven to be very effective for sellers as it provides them with a new avenue of reaching potential customers. If you put in some groundwork beforehand and try only to follow users who seem like they would be interested in your products, then you will be more likely to receive better results after sharing your links.
The best thing is people can retweet on Twitter, so if one person shares your link, it will then be shared with all of their followers and hence reach so many other people! With such an international user base, you will be able to reach customers all over the world!
You would never get this amount of traction in the physical world on your products unless you had employees regularly sharing your products in public areas, and a whole lot of money to market them.
Use Twitter Ads
If you want to go one step further than merely promoting your products by yourself on your profile, you can also make use of Twitter ads. These cost a little money to set up; however, they will give you the opportunity to place your ads in places beyond your current following, and in front of people who aren’t yet following you.
With Twitter ads, you can also monitor your results in real time and track how many people engage with your ads! This is another excellent way to reach a target audience, look for potential new customers, and keep people interested for future products.
Affiliate Marketing
Another great method people use to make money on Twitter is affiliate marketing. This is a very popular way to make easy money without too much effort. Affiliate marketing works by companies giving out a peronalized link to users, who then go out and share it to their followers. Every time someone clicks on their link and signs up on the company’s website, the affiliate marketer will make a good commission!
This is a great way to make money as you have the possibility to share your link in as many places as possible. Twitter is full of potential leads, and so the more followers you have, the more likely you are to have people getting involved with your link!
You can find many companies offering affiliate programs. To find them, just search in Google for your company name, and ‘affiliate marketing’ to see if they currently offer any.
Popular companies with affiliate programs include the likes of iTunes, Shopify, Spotify, eBay, Groupon, Amazon and Clickbank.
Pay-Per-Click Advertising
The next most popular method used to make money on Twitter is through pay-per-click advertising. What is pay-per-click advertising exactly? Well, as the name suggests, pay-per-click literally means cash for a click. Every time someone clicks on a link you have shared, you will get paid!
How much are we talking? Well, the amount depends on the advertisement itself, as well as the platform you are marketing for. Most services provide a list of ads ready to be chosen and posted, and which come with a set price per ad. Other platforms might allow you to select your own cost-per-click amount, as well as the opportunity to schedule the post on your account.
Some of the most widely used pay-per-click services include sites such as sponsored tweets, Magpie Twittad, TwitPub and Ad.ly.
The more followers you have, the more likely you will be given access to the more higher-paid ads, as the company will see you have more potential to bring in a larger amount of clientele.
Final Say
So can you make money on Twitter? The answer is yes! If you are willing to put in the effort to get things up and running, you too could easily be making a little extra cash every month through this amazing platform.
We hope this article has helped give you some new ideas on how to make money through Twitter, and hope you can take advantage of them!