Spending a lot of time on Twitter could pay off with gaining money. In the last year, the microblogging platform has introduced three new features,
if all goes well, can help you improve your bank account.
People can subscribe to your work with Super Follows, while Tips allow them to express their gratitude with one-time contributions.
Finally, Ticketed Spaces allow you to charge an admission fee whenever you use Twitter’s Spaces platform to stream audio.
Most of these capabilities are restricted to specific users based on their location, operating system, and number of followers.
Even if you match the requirements for one or more of these variables
you may easily apply from your bank account and wait for the money to start coming in.
WHERE DO I GET MONEY FROM SUPER FOLLOWS?
Super Follows could be a business possibility for you if you have a large number of followers.
The concept is straightforward: you curate exclusive material that is exclusively available to individuals who pay a monthly charge of $2.99, $4.99, or $9.99.
The issue is figuring out a strategy that works for you, your business, and your audience (Twitter gives some suggestions),
but in the end, you decide which tweets are locked behind a paywall and which are free to roam the Twitterverse.
Each of your Super Followers will get a purple badge next to their screen name
allowing you to simply express your gratitude to your customers.
The major stumbling block to making money with Super Follows is that it’s now only accessible for iOS
and you’ll have to meet a long list of requirements to use it.
To begin you must reside in the United States be at least 18 years old have a minimum of 10,000 followers
have a three-month-old account, and produce at least 25 tweets every 30 days.
Creators who are eligible for Super Followers are being actively sought for by the company.
However, if you believe you fit the requirements but have yet to get an invitation you can apply ahead of time.
Tap on your profile image on the mobile app, then go to Settings and Privacy, then Monetization.
There, select Super Follows and follow the on-screen instructions.
You won’t get an email from Twitter about the status of your application
so you’ll have to check this menu to see if you’ve been accepted.
Unfortunately, there’s no way of knowing how long you’ll have to wait or if you’ll be able to appeal a denied application, so don’t check the menu 11 times a day.
Now comes the most essential part: the quantity of money you can make.
Of course, how many people subscribe to your content and how much subscription costs will determine this.
According to Twitter, you’ll be entitled to get up to 97 percent of your earnings, with the platform taking a 3% cut.
However, there’s a catch: this percentage only applies to profits under $50,000 on the platform (that is, combining all the ways you make money off of Twitter).
When your earnings reach this level, the company’s cut increases to 20%.
Not only that but there’s more
In-app purchase fees levied by your operating system’s app store reduce the 97 percent of profits you’re eligible to keep.
Because Super Follows is now only available on iOS
you’d have to subtract Apple’s 30% share
leaving you with a profit of around 67 percent of the sales.
This won’t be an issue for Android users so whenever the feature is available for Google’s operating system it’ll be a compelling reason to switch.
WHERE CAN I FIND TWITTER ADVICE?
If you’ve ever clicked on a viral tweet, you’ve probably seen a “Wow!” response from the person who sent it.
I wasn’t expecting this to go that well. Anyway, here’s how you can express some love:” followed by a PayPal or Venmo account.
Making money on social media necessitates making the most of every quick burst of publicity, yet responding to your popular tweets is difficult to work.
Having a tip jar is considerably more convenient.
This tool, which was launched in May comprises a button on your profile that your fans can click to monetarily thank you for the A+ material and epic memes you’re delivering.
When you enable this function the tips button (which resembles a stack of money) will appear alongside the Follow button.
Other users will see a list of all the payment providers you’ve linked to your account when they click on it.
Twitter supports Bandcamp, Cash App, Patreon, PayPal, and Venmo.
The best part about tipping on Twitter is that the firm doesn’t take a cut, so you get 100% of what your followers give you.
However, as you might expect, there are certain limitations to the feature.
Tipping is now only available on the English version of the platform, and only creators (a very nebulous phrase), journalists, professionals, and organizations are eligible to use it.
The company stated in a blog post that they will be expanding to more languages and user profiles “soon,” but gave no timeframe.
WHERE CAN I MAKE MONEY FROM TICKETED SPACES?
Twitter debuted Spaces in May 2021, following months of beta testing with a small group of users.
Users can hold talks, monologues, or even live recurring programs in these live-audio rooms.
In August, Twitter unveiled Ticketed Spaces which allows presenters to charge a fee (ranging from $1 to $999) for access to their live events on Spaces.
Twitter is testing this tool with a small group of users who match a set of criteria similar to the one that governs the Super Follow feature.
In this situation, you must also reside in the United States, be 18 or older, have a minimum of 1,000 active followers, have a three-month-old account, and have hosted at least three Spaces events in the previous month.
If you believe you fit these requirements but you haven’t got an invitation from Twitter,
you can apply by navigating to Settings and Privacy, Monetization, and Ticketed Spaces in the mobile app.
Ticketed Spaces uses the same business model as Super Follows, with the exception that it is available on both iOS and Android.
This means that iPhone owners can get up to 67 percent of ticket sales, while Android users can get up to 97 percent.
If you earn more than $50,000 on the platform, that number drops in both scenarios.
These three tools are very new to Twitter, and only time will tell if they’ll stick around or evolve dramatically once they’re widely available.
Meanwhile, making a little money off of some wacky memes you’d share anyhow doesn’t sound so awful. Even if it’s just to get a large latte once a month.