Twitter application development can create income through multiple channels. These methods take your innovative code and convert it into folding cash you can put in your wallet:
Sell advertising within your Twitter application directly or through a Web ad network.
Direct users to a Web site that sells related products.
Increase the awareness of a brand.
Attract users to the paid version of your Twitter application with a free demo version.
Promote your Twitter development service.
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Source:http://www.dummies.com/how-to/content/making-money-from-twitter-applications.html
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