How to Make Money on Twitter In 2023 | 10 New Strategies
Have you ever thought about how you can make money on Twitter? Many of you may already know the ways to make money on other social media, such as Instagram, Facebook, and YouTube.
But what about Twitter? Do you think there is no way to earn money on Twitter?
Believe it or not, Twitter is also a good source of income for those who work on it professionally. Because it has more than 300 million users and about 2 billion searches are made daily. These statistics show the high capacity of Twitter to generate income.
Although the process of reaching the stage where you could generate enough money on this social media is long and energy-consuming, it is worth it. Because the amount of money you can make on Twitter could be way more than on other platforms.
For example, at the age of 25, Chris Sanchez created a famous brand on Twitter, which he devoted energy and time to as a full-time job. He was able to $500,000 a year from his account, which is a very significant amount.
In this article, we are going to introduce you to the ways to make money on Twitter in 2023. So, if you are looking for a side hustle or full-time job to make money online, stay with us until the end of the article.
3 Basic Steps to Check Before You Begin
Before you think about making money on Twitter, you should check some important factors so that everything is ready to succeed. The first thing you should pay attention to is, to make money on Twitter, a minimum number of people must follow you.
Secondly, if you are not known as a trustworthy and honest person among your followers, you do not have much chance of making money with Twitter. Besides these two, another important thing is your user account profile. So, first, we start by designing a user account on Twitter for you.
Design Your Twitter Profile Correctly
Just as in the real world, when you go out of the house, you try your best to choose your appearance characteristics that are acceptable to society.
In social media also, you have to make your profile according to certain standards.
So, when creating your profile on Twitter, pay attention to the following features:
- Use a high-quality photo for your profile picture.
- Choose your username so that it is simple and short, and memorable.
- If you have a site or profile on other social networks, share its link.
- Write a short introduction in the bio section of your page.
Make Valuable Content Continuously
Persistence is the key you need to succeed in anything. It is clear that creating content on Twitter and earning money on this platform requires persistence and practice.
But more important than continuity is writing content that creates value and teaches something new to your audience.
In addition to producing continuous and quality content, you must always be in touch with your audience. Direct messages, answering or replying to people’s tweets, asking audience questions, and asking for comments show how much you care about others.
This will make others trust you and create a constructive interaction between you. In general, building trust on a network like Twitter where honesty and transparency are important. So, it is a long-term and time-consuming process.
So, to make money on Twitter, continuity is the only point you have to keep in mind. It is not only on Twitter, you need continuity in all social networks. Read here, Make Money on LinkedIn in 2023 | Definitive Guide
Keep Your Engagement with Other Influencers.
It is much easier to interact with other influencers on Twitter than on other networks such as Instagram and Facebook.
Because when you comment on a social network like Instagram for an account with high followers, there is a small chance that your comment will be read by that person.
But on Twitter, due to the low number of replies and comments, usually any interaction is done by you, the account owner will notice it.
How You Can Make Money on Twitter?
Earning money on Twitter is like earning money from other services, which have their own rules and principles. We have fully explained in another article how to earn money from the Internet, and we suggest that you read it.
But on Twitter, you can earn money differently, while on Instagram or Telegram, such a thing is barely not possible.
So, let’s begin!
1. Share Sponsored Tweets
There are many ways you can make money on Twitter in 2023, but few are as simple as Sponsored Tweets. So, if your Twitter account has satisficing followers, you can get sponsors for your content. Then you can publish the content, and specify the sponsor in a part of the content or explain it.
Take a look at what these celebrities are earning from Sponsored Tweets.
- Khloé Alexandra Kardashian makes about $9,100 per tweet.
- Audrina Partridge makes about $2,600 per tweet.
- Jackee Harry makes about $325 per tweet.
- Boston Rob makes about $149.50 per tweet.
Remember, not everyone will approach you for sponsorship at the beginning. But first, you have to build a loyal audience. Once you build enough audience, the advertisers will approach you with an opportunity for partnership. They will let you know what your tweet needs to say and what link must be embedded in the message.
To withdraw the money with a typical Twitter account, you must make at least $50. But, if you sign up for a Pro Twitter account, you only need to have $25 in your account before you’re eligible for withdrawal of the funds.
2. Sell Your Products and Services
Another way to make money on Twitter is to sell your products and services. Now, if the product you sell is yours, it will kick you back with a lot of profit.
To sell, you just need to share high-quality photos, and descriptions about the product so that your followers get to know your products. In this case, it is recommended to use hashtags related to your products to have a greater impact on the visibility of your products.
There is an interesting statistic, that shows people make purchases on average 7 times a month on Twitter. Isn’t it promising?
So, Twitter is the perfect place to introduce and sell your products. It is also, recommended to announce temporary discounts on your products to attract more people to buy so that you could make money on Twitter.
3. Advertising Your Site and Others
If you do not have a product to sell. It is totally fine. Because there are other ways you can make money on Twitter.
For example, If you have a website or a blog, you can promote it on Twitter, which attracts more people to your website. With a website and enough traffic, you can do various things to earn some money. You can monetize your blog with ad networks like Google AdSense, or participate in affiliate marketing, such as the Amazon Affiliate program. Read How to make money from Amazon?
Of course, you can do the same for other blogs as well. Because many people are looking for paid backlinks. So, for each link you tweet, you can charge some money depending on the product and company you collaborate with.
Thus, you can make extra money by introducing and tweeting the link of different sites, and experience a hassle-free income.
4. Advertise Others Products
One way to monetize Twitter is to promote businesses that are related to your niche. This method is one of the most famous ways of earning money through websites and blogs.
So, after agreeing with the advertisers and contracting party, you will receive the product link they want you to tweet on your profile. Once a product is sold out you receive a commission on the sale.
The advertisers may pay you monthly or per product, you share with your audience.
This method has various advantages. So, it can be applied to both beginners and established influencers on Twitter.
Among other advantages of this method is, you do not need to have a huge audience to make money. That means you can start it with the least followers as far as they are loyal to you.
There are many marketing networks, such as AMAZON Associates or SHAREASALE that introduce you to sites or companies that earn money in this way, and you just need to register on these websites to find them.
5. Create an email list
You can start email marketing and eventually monetize Twitter by building an email list. Building an email list and marketing through it is one of the most profitable ways in recent years.
6. Create Contests, Polls, and Raffles:
Another way to make money on Twitter is to create a contest or sweepstakes. It will allow your audience to engage with the links and tweets you share. Besides, it also attracts a new audience and ultimately makes you profit.
You can also do polls about different topics or review any topic, like a movie or a restaurant and ask people to express their opinion about the topics.
By doing this, you will attract the audience’s attention and get more engagement from your followers. Which will eventually lead to an increase in your followers and then earn some extra money.
7. Sell Files and Services On Twitter
This type of earning can be done on any social media, and Twitter is also suitable for this. but your account must have enough visitors or audience to draw traffic to your page, and if the audience is related to your products, it will be much better!
For example, let’s say you have a Twitter page where you post and photograph art and decorative items, and you have managed to attract 10 thousand followers on Twitter, thanks to which each of your posts gets thousands of likes.
So, create a training course of several hours and sell it for 19 thousand, how many people will buy from you? If you put your paintings up for sale, how many people will buy them?
When your page only follows one goal and only tweets about one topic, the process of making money on Twitter will be easier, because all your audiences are targeted and in the worst case, he will buy 1% from you, and in the average case, 10 Percentage!
8. Do Influencer Marketing
Here, you must have a skill and then you can get new customers using Twitter. For example, if you are a programmer, you share a tweet every day in this regard and put hashtags related to it. This way, others will see you, and sometimes you may find a customer who will be with you for the rest of your life.
So, if you have skills in any field, be sure to talk about it on Twitter every day. your skills can be consulting, programming, graphics, coding, content production, English language, speaking, or anything else that the applicant has.
9. Trend Promotion
Trending topics (words, phrases, and hashtags recurring on Twitter) are called TTs. They are useful for searching and joining the latest discussions. Companies can choose to be featured in related trending phrases on Pay to Twitter for a limited time.
In this way, the advertising topics are displayed in the primary or secondary part of the timeline called “Trends for you” and are marked with the word “advertised”. A tweet that is related to the advertiser can be clicked and the search results of the same topic can be seen.
Trending topics are a great tool to promote and present your Twitter account and create buzz around your company. So, trend promotion is also an idea to make money on Twitter in 2023.
10. Advertising In Tweets
Companies can advertise their products or business with a tweet that is shown above the timeline of users. These tweets are shown according to interests, location, follower statistics, and affiliation. For example, if A person has followed the brands of sportswear, Twitter will suggest it to the audience of the sports club.
There is no fixed rate for these services. They pay based on the number of likes and views of these ads.
Why use Twitter to make money?
You may ask, why Twitter, and what is the advantage of it? Some of its advantages are high speed in sending and loading content and ease to use.
Of course, the main reason for making money from Twitter is that the Twitter environment is free and popular among all the people of the world.
Another advantage of this social network is its security against hacker attacks.
So, if you are looking to earn money from social networks, do not neglect Twitter.
Frequently asked questions.
How much is Twitter’s annual revenue?
Twitter’s annual revenue (from 2019 to September 30, 2021) is approximately 3.46 billion US dollars and its network value is 35.2 billion dollars.
Does Twitter sell my data?
Twitter is known to use and publish data collected from users when using the service because it has a license to sell all of them except for personal and invisible identity data. The owners of the company use this data to collect information about consumption. Vendors buy for their customers.
Which advertising service does Twitter offer?
Twitter offers businesses advertisements in tweets, accounts, and trends. Therefore, these services do not have a fixed cost. Buyers pay according to the user’s performance, such as clicking or reposting it.
Is Twitter losing Money?
Yes. According to the announcement of Twitter in the first quarter of 2021, despite the increase in its users, it has lost about 7.44 million US dollars in the operational sector and 4.8 million US dollars in the network sector. This loss is mostly related to the lack of advertising funds of companies under the impact of the spread of the coronavirus.
What sectors does Twitter spend on?
Twitter spends money on three parts: research and development, sales and marketing, and the creation and development of its technology infrastructure.