Why I Make $20 Per Tweet On Twitter And You Don’t
As some of you know, I attended the very first ever Financial Blogger Conference in Chicago over the October 1 weekend. It was great to be around some like-minded people to share ideas, learn some best practices, and knock back a few cold beverages. In one particular session about making money online, I asked the presenter about the potential for making money on Twitter since she had not really mentioned its ability to add some serious cash into your pockets. When I mentioned that I was making close to $25 per Tweet, I felt the heads of everyone in the room whip around to see who was make that comment.
Ahh, I’m on to something, I thought. They obviously haven’t been reading my blog because I know that I have already covered making money on Twitter, but since I was swarmed after the session by people wanting to know how they too could make money on Twitter, I don’t see why we can’t cover it again. But first, I know that you want proof, so here it is.
Believe me now?
Tada! That says $19.76. See? I was telling the truth. I actually do make $20 per Tweet on Sponsored Tweets. Okay, it’s not exactly $20 today since the price fluctuates up and down but it’s close enough. Now you’ll want to know how I did it and how you too can make as much as I do on Twitter.
It’s really pretty simple. You have to be an expert in your area. Well, Twitter has to think so anyway. It doesn’t really matter how many followers you have. What does matter is how engaged you are with your followers, how much they retweet you, the conversations that you have on Twitter and consistency in the topic that you speak about. In other words, you have to have some decent Klout. If you Tweet you should be familiar with Klout as well. If not, sign up and check out your Klout score.
The whole point about Twitter is not just that you push things out to your followers. You should be having short but meaningful conversations with them. This isn’t MySpace. There is no race to see how many followers you can get. At the same time, you might want to weed out who YOU choose to follow. You see, when you follow people and others follow you on Twitter, you’ve created a network. The responsiveness and influence of your network counts as a part of your Klout score. Because of this I do not automatically follow back anyone that follows me. I do this because I want to be sure that the people that I follow are all specifically personal finance writer. In fact, I’ve been going back through my list and purging people who have not posted on Twitter in some time.
But all of this doesn’t matter if you don’t sign up for Sponsored Tweets. They essentially act as your broker and take a 50% cut of your earnings. So, even though I am making almost $20 per tweet today, they also take home almost $20. You can always put a per Tweet price that is higher than their suggested price if you have a target in mind. I also suggest that you check your suggested pricing often because it changes sometimes on a daily basis. Even if you don’t like Tweeting for cash, you do get 10% of an accepted Tweeter’s money that signs up with your referral link (sign up!). How’s that for ultra passive income?
You can also increase your Klout by attaching your other social media microsites (Facebook and the like) to your Klout profile. Lastly, if you’re really popular, you can ask your Twitter friends to sign up for Klout and give you a +1 rating in each of the categories that you would like to rank for.
Let me sum it up for you, STEP YOUR GAME UP!
And that my dears, is how I am making close to $20 per Tweet, and you’re not.
I wasn’t at FinCon but have been following the after buzz closely. Thanks for the great information. Now I have two questions:
1) How often do you tweet sponsored posts and do you label them as sponsored so your followers are aware?
2) I just saw on twitter that you said you were thinking about quitting before FinCon? Is that true? Sounds like you are making decent money at it, so it must have been some other reason – care to share?
I do a sponsored Tweet maybe once or twice per month. That’s it! I don’t believe in spamming. The Tweets have to be labeled as ads, so they either have one of the following:
1. #ad
2. #sponsored
3. brought to you by
4. sponsored by
5. I’ve partnered with
I did think of quitting because everything got to be so overwhelming for me with this blog. It takes a LOT of hard work to make a blog successful, especially with some of the research based articles that I write. While I like writing, the pressure became too much for me. But, I’m pumped now!
I agree, the work is never-ending. It does pay off but sometimes you wonder why you’re sacrificing a good part of your free time and stressing yourself out about it.
I’m glad you’ve been revitalized and are ready to keep going!
Interesting, though I wonder how much backlash you could get from people that would stop following you (thus disengaging with you and lowering your ‘impact’) if they perceive you as selling out or pushing advertising where they might not want it. I checked and my score was less than a buck so I obviously have a long way to go!
I never SPAM my followers. I might accept at most 2 per month. They are always labeled and ONLY things that I would endorse. The beauty is that YOU have 100% control over what you Tweet. And the maximum that you can Tweet each specific ad is 3 times in one month. Think of how fast your timeline goes by. You hardly notice it.
I agree with you—you could get yourself into some trouble with advertising. However, making close to $20 is not something to scoff at. I would definitely be okay with offending a few people for that kind of money!
@MoneyBeagle – I checked mine a couple of days ago and it was $0.19/tweet, so you’re still ahead of the game somewhat!
Thanks Sandy! I have tried out Sponsored Tweets and MyLikes and have received dimes and nickels as opposed to dollars, but I’ll keep giving it a try. By the way, now that I’ve met you, I read this entire post in your voice haha. It was so great connecting.
It takes a little time sometimes if your Klout is low or you don’t tweet much or if you don’t seem to always cover the same topic. Evan, from My Journey to Millions just signed up today and was quote $15 per tweet! Work at it!
And yes, this entire blog is written just like I speak in person. Horrible, isn’t it?
I agree, I read this ‘in your voice’ as well, it is pretty awesome. It was great meeting you.
Hi Sherrian. I’m glad that you came along with Khaleef and that we didn’t bore you to death with the geek-fest.
When I heard you say that at FinCon, I was shocked. SHOCKED, I say. I figured you had to have numbers in the tens of thousands to be getting that kind of money. I was really surprised to see our numbers aren’t all that far off. But I only make $1.50 per tweet. I’m going to increase that a bit more and see what comes to me. I don’t want to tweet more than once a day but I’d love to make a bit more. I always turn down tweets that do not fit with who I am and what I talk about.
They currently have me at $1.17/tweet, so I guess I have a long way to go. My Klout score is 52 and [hopefully] climbing.
I agree with Briana, I can hear and see you ‘talking’ through your posts now!
Check again. I see you at $5.00.
Yeah, I changed it because I didn’t want to accept such a low amount. I think my Klout score should increase soon, and then I’ll be “worth” it to advertisers.
Very interesting information of which I was really unaware. I have bookmarked this page and may someday really want to engage with Twitter. Right now I am working on developing the blog itself first.
Bookmark it and come back, but keep on building your Twitter network in the meantime.
I thought only super celebrities made money via tweeting. Thank you for the information! Btw, what is your Klout score?
My Klout is 52 but just be sure to match your Klout keywords to the keywords that you enter in sponsored tweets!
When we talked about this at FINCON, it followed the reality that earlier in the day I too was one of the people whose eyes lit up when hearing you talk about $25 tweets!
I have a bit over 700 followers on Twitter, so I’m pretty average in that regard right now. At some point, maybe I’ll be looking to check this out. Hard to turn down that cash for a tweet, just 2 simple ones equals $50/month…$600/year..you get the idea:)
Ray, the number of followers doesn’t matter. Just sign up, enter the same keywords that shows up for your Klout and see how much they quote you. Won’t kill you and you don’t have to tweet.
I still don’t completely understand… Who pays you $20 per tweet? Why can’t you tweet more often like once a day to earn $20/day? Thanks for sharing this.
Advertisers that would like to each you audience contact you through Sponsored Tweets to send a tweet. You can only tweet for sponsors that would like to do deals with you, so the odds are that you won’t have a potential advertisers every day at $20 per tweet. if you lowered your price to $2 or $1.50 then you would have more advertisers, but why tweet 10 different deals to make $20 when you can tweet one deal for the same amount? I prefer higher price and lower amount of tweets.
Ah, that makes sense now… Thanks for explaining this. I guess you need a lot of followers to be able to raise the price to $20 per tweet. I have a long way to go since I just created a tweeter account.
I envy you! I am only earning a few cents through Sponsored Tweets.
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Hi! I signed up under you, thanks! Also, do you do the premium account for Sponsored Tweets? Or do you do the free one?
Are you kidding?!! I’m way too cheap for that.
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They only want to give me 95 cents per tweet.
Change it to an amount you want and play with your keywords!
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Awesome! Thanks for sharing this. I’m going to try this through your affiliate link
What’s your Klout score? (Feel free to email me if you don’t want to announce it).
I’m an open book! My Klout score is 53. Up your price if what they offer isn’t what you’re willing to take!
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I have been contemplating trying sponsored tweets but have been worried about said backlash from my followers. I will try it and watch what happens to my followers. Hopefully if it’s not done all the time they wouldn’t be too mad.