As an influencer, or as someone who has just started off, you are trying to figure out the best places and ways to make money on social media.
Twitter should be a priority on your list. Why? Check out these stats. Here are the average earnings for influencer posts on Twitter as of October 2016, by number of followers.
Since then, the number has surely increased. You don’t want to miss out on your share of the Twitter influencer marketing pie, do you?
Of course not. That’s why I have put together this guide on how to make money on Twitter. This, I believe, will help you start your journey as an influencer, rather efficiently.
4 Ways to Make Money on Twitter
Here are four of the best ways to make money on Twitter.
1. Create Sponsored Tweets
You’re only allowed 280 characters per Tweet, but that’s enough to make money on Twitter.
Khloe Kardashian makes $9,100 per sponsored Tweet to her 26.4 million followers. Charlie Sheen gets $50,000 per Tweet by partnering with companies like Internship.com.
If you are not a celebrity, don’t worry. There are plenty of influencer networks out there where you can sign up to get discovered by and connect with sponsors.
On SponsoredTweets, as the name suggests, you can connect with sponsors who will pay you to Tweet about their products.
You can set your own prices on a pay-per-click basis. And you also get to choose the ads you would like to Tweet. The selection of available ads is updated at regular intervals.
At Activate, another influencer network, they have pre-written content with images for you to use and they pay a flat rate. All you have to do is find a suitable opportunity.
There are other influencer networks in the market as well like Find Your Influence, Socialix, and Fresh Press Media.
2. Run Ads
As a Twitter influencer, you can run ads for the brand you are promoting. You can incorporate ads into your Tweets, you can even send ads in the form of personal massages.
The amount you will get paid for ads depends on the number of followers you have. Payment agreements could be either pay-per-click, a lump sum amount for the campaign, or a combination of both.
If you want to run ads from your profile you may want to explore Adly. They are an ad service provider which lets you incorporate ads in your Tweets.
You will get a flat rate for running an ad campaign for a specific duration with a recommended number of times in a day.
Another Twitter-based advertising service is Rev Twt. This is a pay-per-click platform. The amount per click depends upon how wide your reach is on Twitter.
3. Become an Affiliate Marketer
To make money on Twitter, you can also generate leads for a brand.
That’s exactly what you do in affiliate marketing. You tag products wherever possible in your Tweets and send customers to a brand’s landing page.
In return, you get a share of the revenue earned. Just make sure you choose the right product to promote based on your profile and your audience.
There are plenty of affiliate marketing programs which can work on Twitter. But a few are more successful than others.
The iTunes Affiliate Program has made a significant mark on Twitter. You can earn 2.5% as a commission.
A less obvious affiliate program is the Horoscopes & Astrology Affiliate Program. It is one of the largest businesses on Twitter with high commission rates.
You can also join the Groupon affiliate program called Groupon Partner Network (GPN). You can earn up to a 10% commission.
4. Sell Your Own Products
Apart from selling products from other companies, you can also sell your own products on Twitter. Then you will have the whole share of profit.
Be it a digital product or physical goods, you can practically sell anything on Twitter. You can even sell services and stay in touch with related industry people.
You could sell tutorial videos or exclusive content that you have created. You could even create your own affiliate program for your products and have other people help you sell them.
Congratulations, You Are No Longer a Beginner!
You are not a beginner anymore. You now know the basics of how to make money on Twitter.
You can create sponsored tweets, run ads, become an affiliate marketer, or even sell your own products.
You can be even more creative with these money-making ideas such as arranging Twitter contests in association with a local brand. Or you could make Twitter related products like tutorials or apps and sell them on Twitter.
If you have any other ideas for making money on Twitter, please share them with us in the comment section below.