Tuesday, November 1, 2011

Earn through Social Networking Sites (SNS)

In my previous post, Is Social Networking Sites (SNS) really required ? I discussed, how we are wasting time in Social Networking Sites (SNS), I do not tell, its complete waste of SNS, but as humans we should find ways to be productive from waste also, so when SNS are useful, why dont we make them more productive, at times use them to make money also, here are my findings of famous SNS and how to make money from them. First thing we should do is increase our contact in SNS, increase followers, increase friends.

Create an account in Amazon Associates and link it to orkut profile's wish list, which will drive traffic to Amazon, when your friends click to see what it is, and if by chance they buy something from Amazon, you will be paid for it.
Sponsored Tweets You just sign-up as a Tweeter, with your Twitter sign-in information, then wait for Advertisers to “hire” you. If you’re a Tweeter that’s relevant to their product, brand, or service, and the price is something they’re willing to pay, then they’ll send you an invitation to work with them. You can either choose to work with them, or decline the offer. If you choose to work with the Advertiser, then you’ll get paid afterward.

Direct Advertisement – If a lot of people are following you in ‘twitter’ or in other words if you have a ‘wide reach’ to a large number of twitter users, you can probably look into direct advertisements for monetization.
Recommendation – You can recommend a particular product or service on behalf of your advertisers & peruse your followers to take an ‘action’.
Promotion – You can help your advertiser to promote a new product or service to your twitter followers.


Paid Review– This is pretty much like the direct advertisement, however the only difference would be, instead of blindly suggesting a product or a service to someone, you can actually do some ‘paid reviews’.
Sponsored Contest– An advertiser may want to run a contest via a popular twitter user to get feedback about his product & services or just to create some brand awareness.
Affiliate Marketing - This is an area where every one can really look into. For instance say when one of your followers is asking for suggestion to choose a web host, you can always suggest him the best one from your experience but at the same time use your affiliate link which can earn you some quick cash.
YouNews is yet another digg clone where members can bookmark and share interesting links. Interestingly, they have an orkut application which is a good idea to gain popularity quickly and reaching masses on orkut. Interestingly, YouNews offers revenue sharing with it’s users which may attract youth on orkut.
Advertise your company, its products and services by using direct ad feature provided by orkut, facebook, linkedin. This allows you to create custom, targeted advertising campaigns designed to attract customers and help you make money
An indirect source of funds: develop applications under contract for third parties. A number of companies have been posting contract jobs over at the Facebook’s developer forums. There exists a large gap in the supply and demand of available Facebook application developers; as a result, finding potential clients to charge reasonable rates should not be a hassle
Sell services within Facebook through micro-payment transactions. PayPal payments made for accessing premium services could potentially yield reasonable income depending on the application’s purpose, size, and prospective users.
Ether is a website that you can make money on by giving advice to people over the phone or by chatting. But now, you can use their new application on Facebook to make money while giving advice to people over the phone. If you’re good at giving advice, this may be the way for you to make some extra money on Facebook. Also if you know a second language, this app makes it easy to teach others and make money. You set the rates and Ether provides a number that individuals can call. The call will then be forwarded to your personal telephone number.
With MusicBlaster you can put a simple little music store on your Facebook, and sell music from BlastMyMusic.com. You earn 5% for each song sold. The cool think about this app is the fact that you can help your favorite band or singer to sell their music while you make money, as well as helping them to gain more exposure.
The name says it all, its the good old Garage Sale, but a “Facebooky” Garage Sale. Simply add Garage Sale to your profile page and list every thing you want to sell. When someone buys something, Garage Sale automatically bills the buyer’s credit card and lets you when to ship the item. Your money is deposited directly into your Pay Pal account, or you can request payment by check. However they charge a 5% commission on the total sales price, but that’s all. No other fee for setup or anything like that.
Shopit is a free Social Commerce Network that gives users the ability to buy, sell or trade any product or service. Simply add a free store to your Facebook and sell anything you like. Another easy way to make money on Facebook.
FT was founded in 2007 by an Iranian-American named Nima Khakpour. This app is more for the artists to sell their music. So, if you are an artist, FlameTunes enables you to sell your music on your Facebook. You can also use it to sell music on MySpace.
Remember when you setup your first lemonade stand in your community? Well, this app allows you to use the same concept, combining commerce and community, and have a lemonade stand in a digital (Facebook) neighborhood. Basically you add what you want to sell to a lemonade stand, and put it on your Facebook.

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