Twitter has exploded over the past few years, empowering news to travel at nearly lightening speed.  Over 50 million people post on Twitter per day right now!  But this big question has always been, what are their plans for a business model?  Well, the latest news is that companies will now be able to advertise on Twitter.  This plan for advertising will start with 10 companies including Starbucks, Virgin America and Best Buy.

The advertising program will be called Promoted Tweets.  The ad-matching and pricing formula for this advertising has not been announced yet, but preliminary discussions indicate a CPM pricing model.  As they continue, Twitter will likely seek other alternative ways to charge advertisers.

In the new Promoted Tweets program, when a company pays for a tweet, the promoted message will appear at the top of the results, regardless of the time it was written.  Promoted Tweets will also appear in the organic Twitter stream rather than on the side like other social networks promote.  Additionally, they will also be highlighted so that companies have the capability to respond if conversations turn negative.  It is still unclear how these promoted posts should appear, but it may be based on topics, geographic locations or shared interests.

Much more to come on the Twitter Promoted Tweets program, but affiliate marketers all over are likely “tweeting” about how to capture this audience even more with this new program!