Can ordinary people make money on Twitter?

Mar 09, 2011

Reports this week that celebrities are earning up to $10,000 per tweet on Micro-blogging site Twitter has caught the attention of ordinary social media users who are now asking how they can make money too.

Social media and branding expert at The University of Queensland, Dr Nicholas Carah, says that although celebrities such as Charlie Sheen, who now has 2.3 million on , can attract payments for tweeting product endorsements, non-celebrity individuals can also reap rewards.

“There is a growing consciousness about “personal brand value” that individuals can cultivate and even make money from through social media platforms,” Dr Carah said.

“Individuals are using social media platforms to construct a brand for themselves and they then employ social media as a continuous advertisement about themselves and what they do.”

Dr Carah said individuals were using social media to build a profile that was netting them lucrative job offers and attracting the attention of influential people in their industry.

“The fears that posting photos of yourself drunk on social media sites would prevent you from landing a job are subsiding and some industries are now actually poaching effective social media users to come work for them,” he said.

Australian Greens senator Sarah Hanson-Young recently advertised for a replacement media advisor exclusively on Twitter, telling The Australian newspaper that “someone who is not on Twitter probably isn't going to be the right person for the job".

Dr Carah said individuals were even using technologies to measure how influential they were in the online world and listing the scores in their CVs.

“You can evaluate your own brand and get a score for how visible and how influential you are that not only measures the number of people following you or who are friends with you, but also whether those people are influential and are helping promote your brand.”

Online tools that analyse your influence include, Klout, Twitalyzer, Backtype and PostRank.

Dr Carah's tips for creating a strong personal brand are:

• Presentation - use leaders in your industry as a model for how to present yourself.

• Interact – reply, re-tweet and use #tags that will help make you visible. Pro-actively engage and don't just send out a stream of information.

• Quality Updates – be careful what you write and make sure that it is relevant to your industry and not a description of what you ate for breakfast.

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zevkirsh
not rated yet Mar 09, 2011
mark my words. twitter the company might survive, but it's current ownership will not.

if it is debt financed the creditors will take it away from the equity(owners).
if it is able to strike a deal , the owners will sell out and the creditors will also sell their debt to a new owner.

there is NO money to be made in twitter. ownership has a propoganda value benefit, but twitter will never be able to raise revenue for advertising because it is defined by it's short useless 'buzz' tweets.

i might as well just tweet 'coke is good' every day. who is going to buy coke because of that one message?

no , twitter has to be non-repetitive in message to effect buzz. buzz by nature has to appear authentic and non-commercial to be effective as propoganda (advertsing of a meme that appears on its face as non-commercial) thus, it is valuable but not 'profitable' in the classic advertising sense.

it will be bought by someone who understands this.

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