A guide to some of Twitters’s new monetization capabilities, together with Tip Jar, Super Follows, and Ticketed Spaces.
So, you’ve got built up a following on Twitter and at the moment are trying to cash in, huh?
Sad but true, you have picked the incorrect social network. Unlike YouTube, FB, or even TikTok, Twitter does now not have an application in which it can pay creators for the content material. There’s no monetizing videos and getting a reduction of the ad sales on Twitter (except you’re a huge publisher, that is.)
However, lucky for you, Twitter is working to exchange that. While there yet not a revenue proportion model on the platform — besides a selected video monetization software reserved for big, partnered publishers called Amplify Publisher Program — there are a few new capabilities so one can allow content creators to make cash at the platform. Those capabilities presently all contain creators getting paid without delay by using different Twitter customers instead of the enterprise and its advertisers, but it is a monetization model, however.
Fascinated? Let me walk you through how you can utilize them. But, heads up! This article will not look at different ways you may make cash on Twitter through third-party websites such as via sponsored tweets or affiliate links. We are going to focus on reliable revenue paths carried out with the aid of Twitter. And remember the fact that a lot of these functions are still rolling out, and may not be accessible to all customers.
The quickest method to monetize your Twitter account is to set up Tip Jar.
show your love, leave a tip— Twitter (@Twitter) May 6, 2021
now testing Tip Jar, a new way to give and receive money on Twitter 💸
more coming soon… pic.twitter.com/7vyCzlRIFc
Tip Jar is mainly a method for your followers to monetarily “tip” you thru some of the most famous payment systems online. It basically works like a popular bio link tool like Linktree, except it is built right into Twitter.
In reality tap “Edit profile” on your Twitter profile page. If the characteristic is available to you, you will be capable to turn on Tip Jar right on that menu. From there, you will set up the payment alternatives for folks who’d like to throw you a tip. Tip Jar currently works with cash App, PayPal, Venmo, Patreon, and Bandcamp.
After Tip Jar is all installed, all of us who land in your profile can just click on the little Tip Jar icon, select the price alternative in their desire, and be taken at once on your personal link where they can send you cash on that platform.
Do you have got at least 10,000 Twitter followers, tweet at least 25 times per month, and live inside the U.S.?
Sure? Great, then Super Follows may be accessible to you!
Super Follows is Twitter’s model of a membership or subscription monetization version. Creators who have Super Follows activated can charge users a monthly price for bonus content material.
Twitter allows creators to set their subscription rate point at either $2.99, $4.99, or $9.99. Creators take 97 percent of the revenue, up until they attain $50,000 in lifetime sales. After that, Twitter raises its cut, and creators gain 80 percent of the revenue.
Once a person subscribes to a Twitter consumer and becomes an excellent Follower, they acquire a badge that denotes them as a Super Follower of an account. Creators can send tweets and personal replies that the handiest Super Followers can see.
If Super Follows is accessible to you, just hit the hamburger menu icon for your Twitter app to open up the primary sidebar menu. Tap “Monetization” then tap “Super Follows,” and fill out the application. If your utility receives approval, you’ll have to accept Twitter’s “Super Follows Creator Terms.” Some qualifying applicants might be waitlisted if they aren’t inside the check field.
If you are good at events, then you definitely should check into Ticketed Spaces.
Twitter Spaces is the platform’s built-in model of the famous mobile app Clubhouse. It’s essentially a live audio chat and it is validated to be fairly successful on Twitter for the few months it’s been live on the platform.
In fact, the Spaces feature (which is free) has been so a success that Twitter has rolled out a monetization feature for it, and that is why this selection is known as “Ticketed Spaces”. If you have at least 1,000 followers and run three Spaces a month, you can fix a charge to your users to attend this kind of live audio chat session.
To apply to run Ticketed Spaces and price on your Twitter Spaces events, just click on the “Monetization” button on the main menu, tap “Ticketed Spaces,” and fill out the application. If accepted, you will need to open and hyperlink a Stripe account to apply Ticketed Spaces.
Once this is all squared away, you can charge anywhere from $1 to $999 in keeping with the ticket in your Spaces event. Unlike an ordinary Space chat, a number can restrict the audience length in a Ticketed Space. Like Super Follows, creators can make as much as 97 percent of the revenue on their Spaces relying on their lifetime income.
And there you have it: all of the official avenues constructed directly into Twitter allowing users to make some money… At the least for now.
It is clean Twitter is experimenting with several special revenue patterns for customers. Monetizing the way YouTube and FB do — through ad revenue sharing — stays a tantalizing unexplored possibility for monetization on Twitter. While they do have a model of this for large publishing companions (the aforementioned Amplify Publisher Program), rolling this out for his or her large person base would genuinely be a game-changer for creators on their platform.
Get Goosebumps Here will replace this piece as Twitter adds new monetization functions.