Ticket prices for Twitter Spaces range from $1 to $999. A 3% commission will be taken from Twitter sales, and the commission will rise based on its overall earnings.
If you’re willing to pay for access to someone’s Twitter space, you might get a chance.
On Thursday, Twitter announced that some iOS users would be able to access Ticketed Spaces, or live audio rooms with pre-paid tickets. Twitter Spaces is essentially the Twitter version of Clubhouse, the audio-only chat app whose popularity has declined recently. In contrast to Twitter Spaces, Clubhouse doesn’t allow users to sell tickets in advance, but it does allow users to send money to their favorite creators via a virtual tip jar.
“We want to help people who create cool Spaces make money. As of today, some Hosts will have the ability to create Ticketed Spaces!” This was indicated on Twitter Space’s official account. For now, “We are experimenting with iOS only, but we hope to have it available to everyone soon. Getting this right is taking us some time, but we want you to have the best possible experience.”
You may wonder why you would want to purchase a ticket for a Twitter Space? There are tons of ideas on Twitter’s mind. A Twitter host can create a Twitter Space and meet up with loyal followers through workshops, conversations, and meet-and-greets, the company suggests.
Ticketed Spaces were opened to applications in June. Applicants must have hosted at least three Spaces within the last 30 days and have at least 1,000 followers to qualify. Applicants must be at least 18 years old. The host can charge between $1 and $999 for tickets; the price is determined by the host. Also, hosts can set the number of visitors they allow into their space, for instance, whether the limit is five or 100.
Before Spaces begins, people who purchase tickets will see a notification and also receive a Twitter reminder.
You may start to see dollar bills appear in front of your eyes when you see the range of rates that hosts can charge for tickets, but it isn’t all for them. 3% of hosts’ earnings are taken as fees by Twitter. As soon as a host earns $50,000 or more using Twitter’s monetization features, including Super Follows, the company will start charging a 20% fee. Let’s not forget Apple’s 30% cut on in-app purchases since this is only available for select iOS users.
Ticketed Spaces may turn out to be a legit way to earn money based on the math, some may find. For others, the time and effort may not be worth it. In this pandemic-wracked world, I believe the most important factor will be whether people want to spend even more time online than they already do.
Nowadays, there’s nothing like turning off your computer and removing your headphones.