twitter money Start making money with Twitter today (literally)How would you like to make a dollar in 10 seconds, about the time it takes to send a tweet?

So you have followers and Twitter is sending you traffic but what about making some money along the way? Easy! And I mean really easy.

I received quite a few varying opinions from my last Twitter article about following everyone under the Sun (who wants to follow me). As I mentioned before, there’s no right way or wrong way to use Twitter, just whatever you feel works best for you. Regardless of your personal Twitter philosophy, one common theme was that people wanted to make money from Twitter, either directly or indirectly. I didn’t even intend on following up with an article like this but I got several emails related to generating income with Twitter over the weekend.

Let’s start with a simple fact. It’s true, even though you’ll get a ton of traffic from Twitter, it’s really tough to track conversions. However, it’s really easy to make money using Sponsored Tweets.

Simple step-by-step approach to earning from Twitter

1. Assuming you have a Twitter account, sign up with Sponsored Tweets.

Anyone with a Twitter account can join but in order to be visible to advertisers, Sponsored Tweets requires that your Twitter account is at least 60 days old, 100 followers, and 100 status updates. If you don’t have those, get moving!

2. Build a following.

Obviously you have to have a following to make money from tweets. The great thing is that this can be done any time, even if you don’t meet the requirements from step 1. There are many Twitter tools out there but I personally use buzzom. And yes, you can target your niche there.

3. Start low…real low.

Last year, I suggested that you go with 25% of the suggested price. With so many people involved now, it’s getting more and more competitive. Therefore, today I would go under 10% of what the suggested price is. Sponsored Tweets is so crowded that unless you low-ball, you’re not going to get any offers.

4. Increase your price only if you are receiving more offers than you’d like.

Don’t increase your price just because you have more followers. Instead, base it on the number of offers you’re getting. Even then, just raise it a little at a time and monitor the results.

5. Decline offers that are not aligned with the message you’d like to send.

Not only will some of your followers hate you or leave you but in the long run, they will increase your CPC (a bad thing — see next section below) and you’d get fewer offers because of it.


Final tweets thoughts

As you can see, it’s pretty straight forward. Plus, it only takes a minute to type the tweet. That’s the good news.

Over time, you will be judged based on your CPC (cost per click). Advertisers look at several factors and CPC is one of the more telling ones. You could have 100,000 followers but if only two people click the link in your $1.00 tweet, your CPC will be $1.00. That’s not so hot, is it?

Sponsored Tweets states that generally a CPC under $0.50 is good. Since it is somewhat crowded, I would aim for $0.25. That means you just can’t tweet a bunch of garbage and hope for the best since you’ll ruin your overall CPC. That’s why step 5 is so crucial.

Regardless, it’s still a great way to earn extra income and have a little fun while building your Twitter follower base.

Oh, and lastly, just to be clear, I may get a little something if you actually click on my Sponsored Tweet referral link. Feel free to read my disclosure.

If you’re already using Sponsored Tweets (or even Ad.ly), I’d love to hear your stories. If you haven’t signed up yet, care to give it try?

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