Million Dollar PortfolioReal Strategies for Making Money Online

Making money online isn’t easy and I am always looking for new ways to make some extra cash which is why I was excited to learn that IZEA CEO Ted Murphy unveiled his newest money making venture, Sponsored Tweets.

Sponsored Tweets is a new Twitter advertising service that allows advertisers the opportunity to leverage Twitter users to hock their wares. The idea is simple. Twitter is one of the fastest growing social networking tools available and big name stars like Ashton Kutcher, Lance Armstrong and others are using it to reach massive audiences keeping them up to date with what they are doing.

Bloggers and everyday tweeters can make money by signing up with Sponsored Tweets and allowing advertisers to use their twitter stream to advertise products and services. You have the option of writing the ad copy yourself or letting the advertiser do it. You can also set your own price.

If you are looking for a new way to generate some ad revenue without clogging up your blog space and you have a decent amount of twitter followers, this may be just the thing you are looking for.

Already, a lot of top name bloggers and celebrities have signed up to use Sponsored Tweets. Names like Neil Patel, John Chow, Holly Madison, Sister Hazel should ring a bell.

You begin by putting in some basic information about your twitter account, setting some keywords, a price and how you want to be notified of new ads pending.

Then you just sit back and wait for the cash to roll in, right? Not exactly.

Your success with this tool is going to depend on several factors. Your twitter followers (the more the better), the content of your tweets (keep in mind this is about networking) and the frequency of your tweets are all going to contribute to your success. In essence, the more followers you have, the more conversations you carry on, the more people you reach, the more you can charge advertisers for leveraging your account.

Is Sponsored Tweets going to change the landscape of twitter advertising and making money using twitter? Maybe. Am I going to be testing it out, definitely. I’ll keep you posted and let you know what kind of success (or failure) I find with this tool.

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