Twittad Helps Advertising On Twitter!

Endless discussions about Twitter’s business model have surfaced the internet. It’s being called the Facebook of microblogging and most people feel it’s about time that Twitter got a revenue model. We have blogged about earlier as well on the possible revenue models for twitter.

But just because Twitter doesn’t have a revenue model doesn’t hasn’t stopped others from monetizing from Twitter. Welcome TwittAd! It was launched on the 26^th of August this year and has already started seeing progress.

If you thinking that, this service will simply mash up those boring Google ads and your twitter template into something obnoxious and stale, then this is where you’re wrong.

According to their website:

“Our goal is to not fill Twitter with ugly & obnoxious advertisements. We give advertisers templates and ideas to help keep the integrity of Twitter background images”

It uses your paypal account for transactions. You get paid on an hourly basis for your ad. A Virtual Account balance is calculated and once the advertiser’s ad expires the money is released into your Real Account balance. As for their commission they charge a 5% service fee on the total purchase price; the minimum price being .99 cents.

And the numbers speak for themselves

As of yesterday they had 474 Twitter users who signed up with 297 profiles currently available. They have a total of 37 advertisers on board with several purchases happening in the last few days.

And the newer services keep on rolling, for example, they announce (on their blog) that they will also help advertisers to make ads, charging about 5USD as a fee for the design for the ad.

Also advertisers get to see how frequently the twittad users tweet so that they can gauge their activity status.

With the Indian online community slowly but steadily getting hooked onto twitter, this could prove an interesting way for advertisers and brands to connect with the early adopter community.