Twitter is a phenomenon. It seems almost everyone has a Twitter account. From singles to celebrities, Twitter reaches millions around the world every day. Twitter boasts:

* 105,779,710 registered users
* 600 million searches per day
* 300,000 new users per day
* 180 million unique visitors per month

This presents an opportunity to profit. Here are several smart ways of turning time on Twitter into money.

Affiliate Marketing

You can become an affiliate marketer for an industry, product or service you’re passionate about. You can post messages, promotions and links to the websites or companies you represent. Each product or service you sell will earn you a commission. You’ll embed the link into your post using something like TinyURL. If you have a large following on Twitter, your affiliate marketing efforts can turn into a nice profit.

Advertising Profits

If you have a large following on Twitter you can advertise for others. You can sign up to represent specific advertisers or create an agreement with a company to publish their ads in your Twitter profile. This can work much like affiliate marketing, or you may receive a blanket payment per advertisement you publish. Each direct advertiser has their own system or agreement.

This is an area which everyone can really look into. For instance, when one of your followers is asking for suggestions to choose a web host, you can always suggest to him the best one from your experience but at the same time use your affiliate link. This can earn you some quick cash.

Reviews

You can publish reviews for products or services. You’re paid for the review by the company. The review would be published on your website or blog. You would then link to the review from Twitter. This could also work well to make affiliate commissions. People would read your review, click on the link to the company, make a purchase and you earn a commission.

If you own your own business you can:

* Announce special promotions – send Twitter followers special promotion codes, discounts and coupons. This will motivate them to visit your site and make a purchase. You earn money!

* Grow your lead list with contests and giveaways.

* Instead of sending your Twitter followers to another website using your affiliate link, send them to your own sales page.

Twitter offers you a number of options to grow your bottom line. Whether you’re a business owner or not, you can make money and turn your time on Twitter into profits.