Posts Tagged ‘making money Ireland’

How can You make money from Twitter?

Sunday, March 14th, 2010

Is a question that seems to be asked more and more. So I decided to test the idea. But first a bit of background, the day I tested it I had over 6500, followers. So not a lot, but not bad either. I had grown that in 8 weeks and I am adding around a 1000 people a week in my targeted keywords. Anyway I am wandering.

The test I decided was a simple one. Tweet an affiliate link out. Don’t put the link anywhere else, just on twitter. I tweeted it just six times, this would help cover all time zones. what I wrote was @ Matt Bacak and Shawn Casey together, what more could you want? to make money on line. Go here http://www.ipcgold.com/ad/2079/CD74819.

After the six tweets I had 36 clicks and no sales, which is a click rate of 0.005%. Oh yeah it was also done on a Saturday night . So what does this mean?

Well I believe that twitter at best is shotgun marketing. To explain shotgun marketing, it is shooting a wide blast and hoping the something runs into the bullet. I personally prefer sniper marketing, that is you see and know your target. Therefore with twitter, the reaction rate is low. Now you might say that this is only one test. You would be right, except for I have targeted my followers, most have used the term internet marketing, in their tweets at some point. So you would expect that I would get a large reaction, which did not happen. Lets look at some of the possibilities.

1. This is social media its not meant to be precise.

2. No one interested in the product. Matt and Shawn are two of the greats in internet Marketing. So that doesn’t make sense.

The final reason is possible the most logical. People have some many tweets, they can only read some of them. I get over 1200 tweets every few minutes, I can’t read them all. So this is reducing the effectiveness of trying to make money on Twitter. But the reason it bombed was simple, not enough tweets. You need to tweet every few minutes to have a great campaign.

People buy from who they know; this is where twitter can help you greatly. By getting known, so create a relationship on Twitter. This is the best way I believe you can make money on Twitter. Oh sorry one other way, sell a course on making money on twitter.

Want to find out more about making money online, then visit Anthony Mc Carthy’s, the Irish Marketers site on how to choose the best internet marketing tips for your business.

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