Making Money With MySpace

MySpace should actually be called money space, because that is actually what it is, a place for the money folks to hang. Or perhaps more accurately a place where the money hangs for the grabbing. Many of the millions of MySpace users are surprisingly unaware of the vault in which they play. But of course everyone is not online with the goals of making money. And this is a good thing. It's not a good thing when everyone is trying to sell everyone else an apple.

The fact is that Myspace is a marketers dream. But many marketers apparently don't get enough sleep. What they fail to realize is that where there is traffic, there is the potential for income, and Myspace has a lot of traffic. Traffic which I must point out that every myspace user has access to, however they are unaware of how to use it. I will briefly discuss a few ways that a Myspace user could monetize their traffic.

First, there is community building. By simply doing what you currently do on Myspace, which is acquiring a gigantic list of friends you don't even know. Which is quite a conundrum in itself as to why people do this with no hopes of cashing in. Well fortunately there is actual logic in their seemingly aimless actions. When you have gathered a large collection of friends, you can monetize this in many ways, two of which are as follows. You could sell your account to someone else, or if you have a website, you can get your friends to visit it in order to make sales or simply raise your websites popularity.

Secondly, you can establish your Myspace page as a force to be loved. By developing the content on your page, and by offering a valid resource to the Myspace community, such as advice, reviews, tips, etc, you could funnel Myspace traffic directly to your Myspace page, This traffic can be directed elsewhere for profit. This diversion can occur by making buying or surfing suggestions to your Myspace audience.

Thirdly, you can offer advertising space on your Myspace page. This would be an excellent method to combine with the second method given. Advertisers would pay healthily for a chance to have an ad on your high traffic Myspace page.

Fourthly, you can give away free resources on your Myspace page such as templates, scripts and legal music. This will gain you many friends and develop the popularity of your service and page. You can also offer these same resources at higher qualities for a fee, outside of MySpace.

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