Twitter Users Can Soon Monetize Their Content With Subscription
New Delhi, 13th April 2023: According to Elon Musk, CEO of Twitter, users will soon be able to charge long-form text or long-length videos.
The “Super Follows” function, which lets you subscribe to specific people to access their unique material, has been rebranded to “Subscriptions” by Musk. One can charge users for access to things like subscriber-only tweets, spaces, and badges using the subscription functionality.
The function is accessible to users in the settings’ “Monetization” section.
Additionally, Musk stated that for the following 12 months, Twitter will not retain any of the revenue generated by users’ monetised content.
Musk tweeted, “Apply to offer your followers subscriptions of any material, from long-form text to hours-long video! Just tap on “Monetization” in settings.”
He added, “For the next 12 months, Twitter will keep none of the money. You will receive whatever money we receive, so that’s 70% for subscriptions on iOS & Android (they charge 30%) and ~92% on the web (could be better, depending on the payment processor). After the first year, iOS & Android fees drop to 15% and we will add a small amount on top of that, depending on volume. We will also help promote your work. Our goal is to maximize creator prosperity. At any point, you can leave our platform and take your work with you. Easy in, easy out.”
According to Twitter, creators will be able to choose the price of their Subscription offering by selecting from one of three pricing points: $2.99, $4.99, or $9.99.
