First a Twitter Proposal, next a millionaire?

I’m relatively new to Twitter, I just signed up a couple weeks ago but I’ve already started realizing its potential. I’ve used it to give TechCrunch’s Michael Arrington a heads up that the Google April Fools jokes were being rolled out and I get updates when friends post messages. It’s great, I can update it from the web or via text message.

Almost a month ago Mashable covered what seemed to be a marriage proposal on Twitter. I obviously don’t know the couple, but after poking around their twitter profiles it seems rather fitting. Shortly after that I figured I should sign up and see what all the hype was about.

That, and I was on a quest to stop developing solutions and start using readily available methods for ‘status updates’. Some of you may have noticed on the old version of my blog I had a status section. I’ve since discontinued that custom work and I’m working to integrate my Twitter updates into the blog.

My Twitter activity has taken off relatively slow but I get the random ‘xyz is following you’ emails where someone has elected to follow my updates. This means they get to view my updates in their feeds and keep up with what I’m saying. After browsing profiles of some of the people that have decided to follow me, I noticed that they’re on a quest to grow their Twitter network and become wealthy (as stated in their bio’s at the time).

While I admire their goals, I question how they’ll reach them on Twitter. To my knowledge, Twitter doesn’t have any kind of revenue sharing model for the people that visit your feed. I guess they could build their network and hope for TV and product success like Tila Tequila from MySpace but that’s a 1 in 100,000,000 chance (or 1 in however many users MySpace has). Without underlying content to distribute through a blog or products to push through an online store I don’t think a large Twitter network will bring wealth.

It’s a great service and is a nice utility making and maintaining connections and finding/announcing breaking news but without a foundation of products or content I don’t see the wealth accumulating.

What are your thoughts? Let me know what you’re thinking in the comments!

Update: See the comments for further discussion.  Warren suggested I expand a little on my thoughts of how millionaires can be made.

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