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Use Social Networking to Make Cash Online

Aug 27, 2008
Just when you thought that social networking websites are getting boring these days, wait until you hear that you can actually turn them into milking cows -- that is, if you know how. Indeed, it is already very easy to make money in a social networking website these days. There are definitely tools that you can use, in addition to throngs of people who can help you out with your endeavor one way or the other.

If you still do not have any idea how or you want some tips, you can check out the following list:

1. Surveys. One of the most popular ways to make money in a social networking website is through surveys. One good example is the Facebook application by Peanut Labs. Users who can completely fill out a survey will be able to earn virtual money, while the application creators can earn through the completed surveys. In the end, it is a win-win situation for both parties.

2. Product Selling. Multiply has become a very good venue for aspiring entrepreneurs all over the world for one good reason: they can build their own online shopping store for free. All they need to do is to upload photos of their products and provide their customers with contact details and payment options. There are even some scripts that they can add on their page, so interested buyers can simply fill out the order form. Moreover, it has a blog feature, where sellers can offer product updates and more information about their business to their prospective customers.

3. Referrals. New social networking websites are more than willing to pay recent members dollars for every successful referral. This is how they will be able to build their membership database rather quickly. You just need to write down the e-mail addresses of friends and even family members and enclose a well-convincing message. Besides the fact that this will be over in few minutes, you can have the chance to earn few dollars.

4. Advertisement. Whether you are a banner creator or you have a business you want to promote, you can lease or purchase advertising space from these social networking websites. These ads are published in several members' profiles, allowing you to increase traffic going to your website and improving your sales conversion rate.

5. Job Opportunities. Friendster and Myspace have classified ads, which you can check out once in a while. It would not be long before you can land a gig or even a permanent job employment of your choice. Freelancers can also make money in a social networking website since it is very convenient for them to build their portfolio. Web designers, for instance, can just provide a link to their designed templates. Writers, on the other hand, can showcase their literary prowess in their blogs.

To make money in a social networking website can be fairly easy if you are just open to exploring new possibilities. So while you are signed in, think of new ways to generate income. It may not be a huge hit instantly, but who knows?
About the Author
Greg is an internet marketer. He has come a long way, from drug addict in major debt, over $10,000, to young online business owner making 6 figures a year! You can get more info. on social networking at www.MeLoveMoney.com - Reviews Of Wealth Programs, Drop Shipping And More!.
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