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Ok so I want to know a few things on this topic... firstly is it legal to create social media accounts (Facebook pages, Twitter accounts etc) and build them up to have a real following in a certain niche for the purpose of reselling them?
And the next question I have is, is it against the TOS of social media accounts to do this? Is it illegal to sell a social media account?
Do you think that there is a market for this and what do you think the value of say a Twitter account is with 1000 followers, 5000 followers and 10 000 followers?
I am not talking about any bought followers, only for accounts that have been built up with real followers and in a specific niche.
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TommyCarey
Some people on instagram are actually pretty dumb about it because they'll post something like "This is my second account, please follow!" and then they'll link to it lol. I'm not sure if having multiple accounts on instagram is against their Terms Of Service or not, but if it it, I can see these types of account getting banned pretty quick.
If you can actually build up these profiles to get over 10,000 real followers or members then you can definitely make some money off of it. I know there are people who have 1mil+ followers and they sell a single post for $5,000+ so if you were to build something up that large and begin to get sales like that from advertisers I'm sure you could sell it for a pretty high price. You'd have to prove your income through the profile before anyone would even think of buying it because no one wants to invest a ton of money into a venture if there is no chance of profiting.
In legal terms, I guess it really depends on how you look at it. You're not actually selling something you own, so can you can you claim it and sell it for your own gains? I know there are people out there selling social media accounts, but I'm not 100% of how legal it is. But if they ink on the check is dry and the deposit goes through, then you don't really have to worry about much I'm pretty sure people do this all the time. I always see people making multiple instagram, twitter, google plus, etc. profiles in the same niche and there's no reason to actually do this unless you're planning on selling the account for a pretty penny :D Some people on instagram are actually pretty dumb about it because they'll post something like "This is my second account, please follow!" and then they'll link to it lol. I'm not sure if having multiple accounts on instagram is against their Terms Of Service or not, but if it it, I can see these types of account getting banned pretty quick. If you can actually build up these profiles to get over 10,000 real followers or members then you can definitely make some money off of it. I know there are people who have 1mil+ followers and they sell a single post for $5,000+ so if you were to build something up that large and begin to get sales like that from advertisers I'm sure you could sell it for a pretty high price. You'd have to prove your income through the profile before anyone would even think of buying it because no one wants to invest a ton of money into a venture if there is no chance of profiting. In legal terms, I guess it really depends on how you look at it. You're not actually selling something you own, so can you can you claim it and sell it for your own gains? I know there are people out there selling social media accounts, but I'm not 100% of how legal it is. But if they ink on the check is dry and the deposit goes through, then you don't really have to worry about much :D
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