Here are my deep thoughts on Twitter. I’m a shareholder and a user. I think Twitter is fun and can be useful for helping grow your brand and platform. Today I have about 35,000 Twitter followers. This post was first written in 2010 and I’ve updated it.
As a relative shrimp on Twitter with only ~1,300 followers, I am always amazed by some of the people I follow with thousands and thousands of followers. One woman I know has 9,000 followers, and another guy has 7,500 followers. Wow!
Neither are famous and if I visit their blogs, there isn’t particularly a lot of activity either which is strange. If only 10% of your 9,000 followers visited your blog everyday, you’d have 900 regular readers alone not to mention potentially hundreds of other readers who don’t have Twitter!
Deep Thoughts On Twitter
What I’ve also noticed is that there are plenty of “Social Media Consultants” who earn a living by helping you gain followers by employing strategic social media moves.
After all, the more followers you have, the larger your authority and income potential, right? Maybe not. So I posed the following two versions of the same question on Twitterland:
Would you rather have 10,000 Twitter followers & make $2,000/month online or have 2,000 followers and make $10,000/m online?
Which is harder, making $10,000/month or getting to 10,000 Twitter followers?
Here are the following answers:
* Show me the M O N E Y prestige is for losers! @BigCajunMan
* If I make $10,000/m online, I don’t mind have if I zero followers :) @SunFinancial
* 10,000 followers is harder; there are many ways to make money, only so many to increase twitter followers. @AmateurFinance
* Dude – twitter followers are worth $0. 10,000 followers = $0. @MoneySmartsBlog
Answering my own questions:
I would much rather make $10,000 a month online and have just 2,000 followers than make $2,000 online and have 10,000 followers. That’s a NO BRAINER because as far as I can tell, 99.9% of Twitter users out there aren’t getting paid to Tweet, which means there’s no way to make money from Twitter directly. Twitter is for fun and a means to an end!
To answer the second question, ironically, I think it’s MUCH harder to gain 10,000 Twitter followers than to make $10,000 a month online. I’ve been on Twitter for a year now, and I only have 13% of 10,000 followers currently.
Meanwhile, the % of $10,000 is much greater than 13%, and could be even more than 100%, who knows. And, I’m sure many of you are the same way.
I find it unfathomable as to why anybody really cares about the quantity of Twitter followers they have. Why are people paying Twitter & Social Media consultants to gain more Twitter followers? Why are people paying programs to gain them Twitter followers?
What’s more important is the quality of relationships online. I’m not sure exactly how many quality relationships one can really have over Twitter, but my guess is somewhere around 200-500.
In my opinion, it’s much better to start your own blog and own your own platform. Invest in Twitter to potentially make money. But own your own blog that can’t be shut down if you want to accumulate real money!
Not a day goes by where I’m not thankful for starting Financial Samurai in 2009. The site is fun, intellectual, and makes enough to provide for a family of four in San Francisco.
Would you rather have 10,000 Twitter followers or $10,000/month online? How do some people manage to gain thousands and thousands of followers? Why is there a mismatch between blog traffic and Twitter followers for some?
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