A conversation I often have with fellow internet marketers who are not in Twitter is: is it worth the time investment from a financial perspective? Usually I am told that this is obviously not the case, and thus, disregarding the fact it’s a good way to befriend people, it’s not a good investment in terms of time and money.
Although I know some people who have been monetizing Twitter rather successfully, my answer is: yes, this is right in the short term, but no in the longer term. Yes, I’ve made some money using Twitter with SponsoredTweets and Ad.Ly, as well as the occasional affiliate offer, but overall if one wants to monetize his time, then there are definitely easier to make money online.
That being said, every day I meet great people and make many useful business connections. To use one example, if it weren’t for Twitter, I wouldn’t have met the incredible, pancake loving, Darren Williger (@williger) who invited me to participate as a panelist in a webinar series which is not only great fun, but will be monetized soon as well. Nor would I have been invited to ad:tech as press (yes, I came thanks to this blog – but ad:tech heard of my blog through Twitter). Or be invited to the MarketLeverage VIP Yacht Party during Affiliate Summit East (which obviously was an event many would have paid to participate in and was incredible from a networking perspective).
Personally, I think this is just the beginning. The more time passes, the more people I know, the greater my online presence and the possible networking that I can do. So judging Twitter just by the immediate ROI is a mistake, in my opinion. Ask me again in 6 to 12 months and I’m confident I will have significantly better examples than the ones I’ve given.
This conclusion is emphasized by the fact I’ve been very active on Twitter for a rather short amount of time – only since the end of July 2009 (though I did register in March).
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