Have you signed up for Twitter yet? If not, read my last blog post to find out why you should. As I had said there have been many different applications and websites to utulize Twitter, so it really comes to no surprise that there is now an online ad network for Twitter as well.
The ad network is called Be A Magpie. As stated on their website, you can “convert your tweets into bling-bling.”
How it works is you enter your Twitter name, it looks at all of your previous tweets, and calculates how much potential money you can make. You can determine this before you even sign up. Go ahead, see for yourself… http://www.be-a-magpie.com/start.
The types of ads that will be sent through your Twitter name is based on the content of your tweets and the ads that are available. They provide an illustration that better describes what I’m saying.
The ad frequency can be changed from 1:5 or 1:20. Meaning that for every 5 tweets that you make, one ad will be displayed, or one ad for every 20 tweets. I do believe the amount of followers you have is taken into consideration as well. They provide FAQs that you can look over.
Before you sign up, I would highly suggest you think about your followers first. You want their best interest in mind. Yes, you can make some nice, extra cash from this online ad network, but you don’t want to annoy your followers with ads all the time. Just something to keep in mind.
Here’s a review of Be A Magpie that was recently done by Kid’s Cash Connection…
Magpie, for those who don’t know, is an Ad Network for Twitter. Some have raised the question “How do we make money on Twitter?” This company will pay you to use your name to tweet about things that are related to you or your company. They match ad campaigns with the users and tweet the ad in your name. Every time they do this you get paid so many Euros depending on how many followers you have. We got paid $68 US dollars for our first week.
When you get to fifty Euros you can cash out into your Pay Pal account which converts the money into whatever you use. You can also use that money to start an ad campaign of your own. This enables you to advertise your site, blog or company for free!
What I have gathered from the experience is that Magpie will pay you and it is legitimate. It is, however, clear to me that they would much rather have you run an ad than cash out. Remember that we got $68 in one week but when we cashed out and did not choose the advertising option all of the sudden the tweets went silent. Here is a record of our account you be the judge:
2008-11-18 02:41:07 Magpie twittered. You earned! €9.51
2008-11-11 17:35:39 Magpie twittered. You earned! €9.17
2008-11-07 12:44:54 Cashed out () €-54.94
2008-11-07 11:52:12 Magpie twittered. You earned! €8.25
2008-11-06 17:18:31 Magpie twittered. You earned! €8.07
2008-11-04 22:13:57 Magpie twittered. You earned! €7.08
2008-11-04 09:02:40 Magpie twittered. You earned! €6.96
2008-11-04 00:11:32 Magpie twittered. You earned! €6.35
2008-11-03 11:52:58 Magpie twittered. You earned!)€6.25
2008-11-02 23:05:01 Magpie twittered. You earned! €6.00
2008-11-02 14:24:04 Magpie twittered. You earned! €5.98
If you notice after we cashed in, 4 days went by then a tweet after that 7 days went by and then another tweet. We earned €-54.94 in 5 days and cashed out. We made €18.68 in the next 11days!
When I emailed them about this they said that it had to do with the ads that were compatible for us. All the tweets on this page were for Magpie. How was that any different? Is the real reason that they don’t want to pay out so much?
One point that has been raised is that it will ruin the Twitter experience. That there will be too many Magpie tweets. I have to say that it wasn’t very noticeable from a user standpoint. Now watching Magpie tweets all day long is not my idea of a good time, but it has not gotten out of hand yet.
The deeper implication, however, is that is not how Magpie is viewed by the Twitter universe. They see it as a sell out or a prelude to more ads and marketing campaigns. That is not what they signed up, for as a matter of fact, it is causing people to get quite angry to the point they stop following you, if you promote Magpie.
The bottom line is it is up to you. I think from our experiment if you are looking to advertise something Magpie may be for you. If you are out to make money off Twitter I think you may want to build a strong community rather than turning to Magpie. Here’s the source again… Kid’s Cash Connection
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