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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As you may know, one of the social networking tools I use quite often is Twitter. Twitter is a microblogging platform that lets you share ideas, links, blog posts and converse with other twitter users in real time.

Twitter stores posts chronologically from all the people you follow so you can keep up with what they are doing throughout the day or night.

If I am online, you can bet I have twitter open in a separate window and refresh my stream often. It’s one of the ways I get news and information from like minded people and it’s an exellent way to socialize and meet new people. A couple weeks ago I listed my twitter feed on a forum post at Entrecard and since then my followers have increased 50% to nearly 200 followers.

Today I discovered another way to get more exposure through twitter and again through social networking. If you run your blog using Wordpress you can add a simple line of code that will alert your readers they can tweet your post. Adding this functionality can increase your overall traffic which in turn has the potential to drive more earnings your way.

How is this accomplished? I have to give credit to JohnChow for the original code (to which he gives credit elsewhere) and it should be noted that I had to modify John’s original code to make it work for my blog. Thanks for the tip John! One of the reasons is that my installation of wordpress prefers dynamic linkage wherever possible and doesn’t always render HTML links properly. The following code works for this blog:

<a rel=”nofollow” href=”http://twitter.com/home/?status=Reading @Flagusco – <?php the_title(); ?> <?php bloginfo(‘url’); ?>?p=<?php the_ID(); ?>”><img src=”/blog/images/tweet-this-small.png” border=”0″ alt=”Tweet This!” align=”absmiddle” />Tweet This Post!</a>

Notice the php code I have used compared to what John posted. The reason why is because I can copy and paste this code to any blog using Wordpress and the only things I have to change are the URL to the images folder for the little bird and the @name for the proper twitter account I want to reference (of course I only have the one).

Now when you read an article you find interesting you can let your Twitter followers know about it. You can say a little bird told you. There are plugins that do this but then you have to constantly update the plugin when something changes. This code is optimized for any wordpress blog.

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