Well, just thought I would put my experiences up on Sponsored Tweets since I'm likely more representative of the majority (ie I don't make 5-6 digits USD a month from Internet marketing, and I really only have used twitter to get some traffic for articles on differet sites I have).
Anyway, I was reading shoe money a while back, and signed up for Sponsored Tweets, http://bit.ly/3pyQZg
with my basketball twitter account. (just under 1800 followers now).
I listed my account as open for advertisements under the "Entertainment" ad category and I set my list price to about 20% less than Sponsored Tweets recommends (the advertiser gets charged double this amount).
Its resulted in $20 in the past 4 weeks for me. Several political ads for the New York mayors race, K-Mart, and Volvo have been the tweet purchasers. Total of 9 sponsored tweets sent three times if the CTR of 3 clicks is not met.
I have not mucked with the other end of "buying" tweets yet, but seems interesting to me to see if the conversion rate of a targeted twitter following exceeds that or is less than that of a similar Adwords one...
If you read everything on NB, I yabbed a bit here
Get Free Twitter Followers...Not Spam. Works!
on some other twitter tools and the same program a bit, just not as much info.
Cost of Living Getting Too High?
I've seen these programs too, but would rather just cut out the middleman. Is there some advantage in tweeting for Sponsored Tweets rather than signing up directly as an affiliate with the advertiser?
The problem with these things is that I've lost my account. While I only tweeted one ad every day (and I tweeded 20 times a day) my account 'Aquarezz' got suspended. The advertisement was from RevTwt. Hopefully this won't happen when using these ads, but be aware that it's possible
The account I use tweets out blog updates on my bball blog (4-12 a week) which has been frequent enough so far.
Course, I would think a CPA-based scheme would have the potential for more money if you have a close enough following, but haven't tried that aspect with Twitter.
I have only recently heard of sponsored tweets and since then I have read of a few people who have made money doing this. However, the money isn't that much. $20/month is less than $1/day if you average it out so it's very minimal. On the other hand, it only takes like 10 seconds to publish a tweet so $20 for a couple minutes of work is pretty good. But if you are trying to build a large amount of followers specifically for doing sponsored tweets, and it's taking you many hours to build those followers, then it might not be worth it.
Very true on the time vs reward. I just started doing it after reading the Shoe Money article since I was using Twitter for article distro for the blog I have on Sponsored Tweets. So far for me, even though the return is small, well worth the small amount of time it takes. Almost enough $$ for the Internet bill