Number One, you could become a professional Twitter for a company, there's a lot of companies out there who long to join the social media realm but don't have the expertise to pull it off, so they'll be looking for someone with that knowledge and when you see in the job boards "Seeking Twitter Pros" you'll be on a winner.
You could also sell stuff on Twitter, it's not uncommon to find "Special offers for Twitter followers", then you can also try putting together the two hugely successful "micro" ways of doing things, micro blogging and micro funding to create 'Micro fundraising'.
Promoting music. A new service called Tra.kz combines a short URL service with a market place and a music community, which can't do a worse job than the music industry or iTunes online monopoly.
Advertising is always a good way of earning money online and there are two Twitter ads services I've noticed so far: Magpie and The Branch, they both look professional enough not to appear spammy but as yet I haven't tried them so i don't know if you can earn real money without scaring off your followers.
Another Twitter ad solution is Twitadd, this service places banner ads on your Twitter page, You could try sneaking in an affiliate link, there can't be anything wrong with getting commission from something you support already, There's always business opportunities to be found on Twitter, there are daily Tweets from people offering jobs.
Offering Twitter Apps, many companies offer Twitter apps for free, there are more and more professional applications appearing on the web, applications people would pay for, you can't really review a product on Twitter but you can certainly mention it, but not being able to advertise your own content seems unfair.
Twitter may be simple and limited but it uses can be many and varied, many companies will soon require Twitter consultants to guide them through the uses of it in their own particular niche market
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