Twitter Residual Income Sources
Most passive residual income sources come from work-from-home or be-your-own-boss ventures including stock market dividends and trading, but there are a number of ways that you can earn a residual income. Using the internet as your toolbox, there are a numerous residual income sources and platforms that you can leverage. With the daily exponential rise in social media use, there are even more ways that you can earn a passive income, and making money from a social media platform like Twitter has never been easier.
Residual income sources are an important feature in your portfolio. Although the initial start-up costs like buying a home or car, purchasing shares or setting up a high-traffic website might require a lot of time and money, the eventual benefits from a passive income investment are worth the hustle. If your future plans involve retiring from your formal employment then having a few sources of passive residual income maturing in the process is a worthwhile investment.
Earning a Passive Income from Twitter
You must be wondering how people make money off social media. Well, this is one of the most modern passive residual income opportunities in the current era of the internet. Most social media influencers earn a side income from posting interesting content that engages users and links them to products and services that may be useful.
Earning a stable passive income from Twitter takes time and requires a great amount of effort at the beginning, but with sustained effort your input will have a dramatic payoff as time goes by. Making money off Twitter is directly proportional to the number of followers on your profile and the quality of your tweets. The first step is creating interesting content and growing your followers and traffic. Pick topics that are interesting and are relevant and tweet as frequently as possible, and get your followers to re-tweet your content by interacting with them on platforms like Commun.it. Make sure to also respond to other tweets, join trending conversations and tweet about catchy trendy hashtags.
With an increased twitter presence and an upward growth in followers, your account becomes attractive to would-be clients who wish to promote their brand or improve their sales through Twitter. You may be requested to post promotional tweets, tweet about a company, a trending issue, entertainment feature or an individual, all at a fee you can charge. If the response from your twitter followers is positive, then you can be assured of an increased number of requests from other companies and increased revenue.
Can You Make it Big by Just Tweeting?
Kris Sanchez is a 23 year old former dancer and college dropout who started tweeting about ‘unimportant facts you will never need to know’ just for fun. After massive reactions from his twitter followers and a growing trend for his tweets, he launched the @UberFacts Twitter account in 2009. With tweet after tweet and re-tweet after re-tweet, he raised his number of followers to a massive 7 million in 5 year. He currently earns a minimum of US$500,000 annually from advertising products, promoting applications and brand marketing on his Twitter account.
Branden Hampton and Ryan Detert run a successful social media strategizing company known as Influential Media Group (@Influential_Co) that has more than 30 million followers under its belt. The duo sensed a gap in the social media space that limited users to explore its maximum potential in terms of increased sales and revenues. The company mainly focuses on musicians, celebrities, sports stars and music bands and helps them develop more effective ways to interact with their Twitter followers. Their company is currently valued at more than US$10 million.
Branden Hampton has made a name for himself as a Twitter influencer and has a total of 11.5 million followers that are spread over his 24 Twitter accounts. One of his most famous and successful accounts is @Notebook which runs several inspirational quotes all day long and has more than 1 million followers and 300,000 likes. He is claimed to make more than US$100,000 per month from his several accounts.
Other Residual Income Sources
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