Making Money On Twitter Review – Magpie

Posted by TheMarketMaker On June - 8 - 2009
Today I am looking at some Twitter monetization apps. It is plain to me that some of these apps will be cut off by Twitter at some stage, either because they will be blocking up the platform with spam or Twitter itself will want to collect the coin on any ads going on in their network.

Firstly, I would say that you should not be too worried about looking to monetizing your Twitter account. I look at the stream I have coming from Twitter and there are plenty of ads so you will be doing nothing new. However, if you want the best results, I suggest that you look at any ads you put on your tweet stream as a service, make sure you know about what you are tweeting, don’t just blindly approve ads or tweet the same ad a million times (like I see everyday from some). Think of your followers… would this REALLY be useful? If so, tweet it properly, as in a conversation.

People really don’t mind as long as you don’t over do it. You may have come here from following me..firstly thanks, you are cool… secondly I am happy to receive ad tweets from you (as I re-follow as a matter of course.. I do have personal filters for spammers… but that’s for another time). I look around the web for things to blog about, online marketing, making money online etc… with Twitter I have (as of writing) 1753 followers sending me material all day… it’s great.

So if you are going to try ads, then think of the service you will be giving to your followers and set up the ad app approprietely. Here is the first monetisation app to be reviewed and it is Be-A-Magpie.com

As I have said, too many tweets that are untargeted and not ‘follower freindly’ will kill off your credibility. In this regard the thing I like about Be-A-Magpie is that it allows you to set the frequency of ad-Tweets and also lets you append the Tweet with a personal note to let you followers know it is an ad. I would strongly suggest you make use of this little feature.

I don’t like the idea of ‘auto approving’ ads, which is an option with Magpie, so I set my account to approve every ad, I suggest you do the same. I also disabled ‘pay per sale’ leads. I think that asking me to lend an advertiser my account for a ‘free’ ad is not the done thing, not on Twitter anyway, I don’t have enough space to impact the sale, so if his site or his products are not good enough to make the sale, then where does that leave me? No, use my account by all means but pay me for the privilege of speaking with my followers. I suggest you do likewise.

Reading up on other sites it seems that the company is also keen to block accounts running RSS feeds only, so if you were thinking of setting up a million accounts and running this Be-A-Magpie through them then you might be out of luck. This is a very good aspect to the site and long may it continue, if RSS dummy sites proliferate on the site then advertisers will not use it. It does lead to a problem for some sites however. For exmaple, a sports site that has conversations with followers regularly but also has an RSS feed keeping followers up to date on news would probably be suspended. I doubt that people will ‘un-RSS’ their feed which is useful for followers to get a few bucks in ads.

The jury is still out on its effectiveness as an ad platform, but for Twitterers looking to make some money from their conversations this could be for you. It seem that they are genuine about keeping the service of a high standard. I have signed up to see how it goes if you would like to do the same the link is below.

Find out more here




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5 Responses to “Making Money On Twitter Review – Magpie”

  1. Dino Vedo says:

    Another very strong and powerful post. I’ve been reading through some of your previous posts and finally decided to drop a comment on this one. I signed up for your newsletter, so please keep up the informative posts!

    Good luck on your blog, and feel free to comment and subscribe to my blog as well when you get a chance: Make Money Online with Dino Vedo.

  2. [...] article yielded 112,000 Google ads served and made $95.19. Compare this to a recent review I did on Be-A-Magpie which, so far, has gotten about 110 clicks from Twitter (as of writing) and has made $9.00. I know [...]

  3. [...] provides no real value to the users but cost them a lot of money. You must checkout his review of Magpie and J. Chow’s ebook, they are very interesting posts. One more thing which is worth [...]

  4. [...] Online Surveys are great for making money on the internet. It’s so simple like step 1, step Making Money On Twitter Review – Magpie – hf-wealth.com 06/08/2009 Today I am looking at some Twitter monetization apps … s for [...]

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My name is David, I am very happily married and have one step son. We moved to Switzerland 4 years ago as we love the country, it is a hub of entrepreneurship, the people are fabulous and the skiing is not bad either, and right now we are touring Asutralia.

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