Twittering Money to your Bank
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Twitter is on every internet users’ mouth. It is one of the fastest growing social sites and has overtaken Facebook in term of popularity. Microsoft Bing also going twittering. So how about you?
Twitter nowaday no longer just leisure socialing. Some people manage to make reasonable income with Twitter. Ever wonder, how do these people making their money twittering. I have researched the net and found some tips on how to twitter Money to your bank.
Direct Advertisement – If you have a lot followers in Twitter, why not take advantage of the situation and put up direct advertisement in your page. Some people have made a lot of money this way. Direct advertisement just mean that you recommend a product or service on behalf of the advertisers and encourage your visitors to purchase it.
Promotion – Once you have found an advertiser, naturally you will try to promote their products or services. Its very similar to niche marketing.
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)
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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.
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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.
