Twitter users will soon have the chance to earn from the content they tweet thanks to two upcoming features the company is set to launch.
In a statement posted on their official website, Twitter says it has been working on ways for content creators to "earn money from audience support and engage their followers in a new way."
Here's what you need to know about these two new features:
Twitter Super Follows FAQ
Twitter users can now apply to be part of a test group for a new feature that the company calls the Super Follows. To simply put, users can charge fellow users a fee if they want to become Super Followers. In turn, Super Followers get access to paywalled and subscriber-only content.
Super Follows allows users to opt to pay $2.99, $4.99, or $9.99 per month.
Not everyone can apply for the feature for now. Only those who are at least 18 years of age, are in the U.S., have 10,000 followers, and have tweeted at least 25 times in the past 30 days are allowed to apply for Super Follows.
Exclusive content available to those who avail of a subscription include badges, which will help identify if a user is a Super Follower, and bonus content that only Super Followers can see.
Twitter Ticketed Spaces FAQ
The company's second upcoming feature, Ticketed Spaces, allows users to generate revenue via the tickets their followers purchase to access content on Twitter Spaces.
Users must be at least 18 years of age and a U.S. citizen to qualify for beta eligibility for Ticketed Spaces. Users must also have a complete profile, a verified email address, an account that is not connected to state-affiliated media, and at least 1,000 followers, among other requirements. It is also required that a user applying for Ticketed Spaces has hosted at least 3 Spaces within the last 30 days.
Twitter Has to Earn Too
While users earn from the content they create, Twitter earns along with them. Twitter will take 3% of a user's revenue for both Super Follows and Ticketed Spaces, but only after in-app purchase fees. A report by TechCrunch points out that in-app purchase fees are at 30% for both App Store and Google Play. This means that a creator can take home a little less than 70% of their revenue after all the fees.
For those who exceed $50,000 in lifetime earnings, Twitter will also take 20% of future earnings after the fees. That cuts down a user's earnings to half once they've reached that point.
Other Twitter Features You May Have to Pay for Soon
Super Follows and Ticketed Spaces may not be the only features on Twitter users may have to pay for in the future. The company has been considering ad-free feeds, customized Twitter profiles, and uploading high resolution videos as some of the paid features they can offer to its users.
A recent report also states that a rumored Undo Tweet feature will also be monetized by Twitter and will be limited to professional tweeters only.
This article is owned by Tech Times
Written by Isabella James