Archive for the ‘Cost-Per-Action Marketing’ category

How To Make Money Doing Social Networking

May 25th, 2010

Addicted to Facebook? Can’t help but Tweet? Waiting for Mariah Carey’s update on MySpace? You are one of the billion people who in every single day of their lives like to come online and post a comment.

Empowered by people and maximized by technology, ours is the time of astounding development in social communication. This is known as social networking online.

Did you know that you can make money from social networking? Let’s consider the following:

1. A social network is basically an association of people in all walks of life coming together by relationships in family, friends and work or hobby. Professor J. A. Barnes in the 1950s coined the term “social networking” and defined that the size of a simple social network group is about 100 to 150 people.

Today, having 150 people or friends in Facebook would be common. With the immense capability of internet to literally connect people all around the globe today one person can have more than 3,000 friends.

2. Social Networks can operate in the course of at least five primary pathways: (1) prerequisite of social sustainability, (2) social manipulation, (3) social commitment, (4) person-to-person getting in touch, and (5) contact to resources of material goods.

The social sustainability includes the companies and organizations which are capable of sustaining the media by which people connect. Social manipulation defines the ways in which people manipulates or influence one another.

Social commitment is the attitude people develop when they find their niche in a social circle. Person-to-person getting in touch is the relationship between people. Contact to resources of material goods defines the physical and virtual products that salespersons or businessmen bring to their consumers.

3. The last, (5) access to resources and material goods, is where making money by social networking sips in. Having unlimited online prospects, everyone is entitled to expanded and limitless concepts for the development of companies’ relationship to customers, celebrities to their avid fans and politicians program for constituents.

The relationship between these groups of people demands a supply of products, services and possibly improvement in all aspects of information networking. Hence, there are people, who are real wise to take advantage of the emergence of such power of communication.

4. Traffic. Making money by social networking comes down to one idea. Traffic. Whenever someone clicks or purchases a product. The more traffic, the more sales, the more money. No traffic? No way. What will you do to a website which has only one click per week?

This is not an easy undertaking. You will have to build your network for over some period of time. Traffic generation is not that easy. However, you can make money by social networking once you develop your profit instincts.

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