Once it would have been unimaginable to earn an income solely from blogging, but people like Jason Kottke decided to. The latest form of media, one which is becoming increasingly respected, is micro-blogging (especially Twitter) so why is it that we have not seen swarms of full-time Twitterers?
Twitter is a social networking site, so its primary aim is to allow people to stay in contact with one another. This contrasts with blogging, which although is often social is more often or not commentary, advice or Hollywood gossip! The consequence is many Internet personalities use sites like Twitter to complement their other, revenue-generating online activities.
Before we ask if it’s possible to be a full-time Twitterer, we must ask if it’s possible to monetise it. Advertising on the blogosphere has used a wide-range of techniques: text links, contextual adverts, affiliate schemes in addition to more conventional approaches like banners. On Twitter, it’s more limited. Adverts can’t be contextual based on content, as posts are too short to have any ‘real’ content; text links cannot be built into posts as the site doesn’t support HTML and the 160 character limit makes it impractical to add links to tweets; and statistics aren’t provided to the user, so things can’t be charged on a CPM basis.
Sites like Be-A-Magpie suggest Twitter, does, however have the potential to be monetised, albeit at the expense of the followers. Scobles, according to Be-A-Magpie, could earn €22,657 a month. The problem is, followers would dismiss advertisement tweets and I imagine not many advertisers would be willing to make such a gamble.
Perhaps an effective way of monetising Twitter is through affiliate marketing. If popular Twitters suggest a product they like, and link to it with their affiliate ID, I’m sure they could collect a handsome commission.
Companies would also be unwilling to employ full-time Twitterers, as they’d have too much spare time (a Tweet takes but a few seconds to compose). Downing Street’s Twitterer is also responsible for their other social networking activities and I suspect much of our Prime Minister’s website.
Is full time Tweeting possible? Not until tweets become more useful than ‘I’m flying coach with a baby. I +wish+ I was in first class, but have used up all my miles. Sighs.‘ (and that somehow entertains Scoble’s 43000 followers!). Frankly, it isn’t possible to monetise tweets effectively as of yet.