Twitter is not just a micro-blogging site for sending tweets; it is a powerful money-making engine and campaign platform with 126 million daily users from around the world.

Millions of successful businesses worldwide include Twitter in their social media marketing campaign because it is a veritable tool and platform for making money and promoting business objectives.

There are numerous ways to make money on Twitter on a regular basis, but here are five of them:

1. Funnel traffic to your own website to make sales

If you have a website that requires organic traffic to generate sales, then Twitter is one of the traffic sources to explore.

While you can make a killing selling your own products on Twitter, you can also use the platform to generate traffic to another website where you can close deals. When you promote your products on Twitter with appropriate photos and videos, your audience would naturally follow your links to your website where they might make purchases.

2. Explore sponsored tweets

If you think Twitter is only for sending out tweets, you must be aware that many other people are paid to tweet for popular brands. If you can pitch to companies and prove you have a large following on the micro-blogging site, then you can be paid to make sponsored tweets.

It is also possible to sign up to SponsoredTweets or PaidPerTweet among other platforms where companies hire people and pay them to make sponsored tweets about their products.

3. Promote affiliate products on Twitter

While it is possible to generate traffic for your websites on this platform, you can as well promote affiliate products and links on the micro-site. You can share discount codes and other promotional items to boost sales of affiliate products on the site with a view to earning commissions from sales.

Do not forget that over one billion people are signed up to Twitter with up to 150 million people using it at any particular moment. You must however be careful not to annoy your followers to excessive links to products you promote.

4. Use the site to crowdsource or raise business capital

You may not be aware of these, but numerous crowdfunding sites such as Kickstarter and Indiegogo among others explore the opportunities on Twitter for fundraising purposes. You can crowdfund to raise business capital on Twitter and you can raise funds to take care of personal problems requiring donations from a large number of people.

5. Organize a contest on Twitter

You can organize with a local business for online publicity where a contest is held with the promise of a prize on Twitter. Another plan is to agree with a major business for the contest and be paid a percentage of sales that come in through the contest.

A contest may involve asking your followers to retweet something until it reaches 1,000 tweets in return for a prize; and it may be to generate ideas from followers with a view to creating publicity for the ideas. Whatever way, you can plan it in a way to get paid for all your efforts one way or the other. And don’t forget that you can do a giveaway too on the platform for more publicity.