You probably know that social networking sites have been
huge money makers over the past few years. In fact, Google reportedly paid the
creators of Myspace $900 million to take over the ownership of the sixth most
popular website in the world that currently delivers more than 3 million page
views per day.

In exchange for your free profile on their website
Myspace plasters almost every available inch your page with advertising. Then
just to make sure that you don’t cut into their advertising action, Myspace
strictly forbids you to advertise on your page.
If you dare to
ignore their rules blatantly advertising anyway then you already know that it
doesn’t take long for Myspace to shut your profile down without notice. When
you go back to look at your profile it will simply be gone...ask me how I
know!

As you can see in this picture a large portion of Myspace
is categorized into groups. You can also see that some of the groups have tens
of thousands of members. As someone who is looking for ways to make money online
anytime that you see large niche groups already assembled for you there
certainly must be a “cha-ching” sound going off in your head.
You can also see in the picture that a large number of
the groups are business or commercial related niches that are probably already
spending money advertising elsewhere since they can’t do it directly on
Myspace.

Here’s how to get lots of Myspace members to sign up for
your own paid membership site. Create a profile just as you normal y would. You’ll
have to wait for 7 days before you can start a group. In the meantime, go ahead
and add friends, “pimp your profile” and make useful posts to the blog and
comment sections. In other words, create a useful profile that people will
actual y be attracted to.
After your first week, go ahead and start a group that
caters to your niche. Tell the group that among other accomplishments, hobbies,
goals, interests etc. that you are the creator of abcxyz.com -a site that helps
people in your niche to accomplish whatever goal.

I recently found a very good script that allows you to
set up your own Myspace clone and offer monthly advertising as a feature. The
script is called phpFox. Here are some more features that you get with this
software:
·
Easy To Use Advanced Admin Panel
·
Template Manager
·
Instant Messenger
·
Live Chat
·
WYSIWYG Editor
·
SEO Url’s and Title tags
·
Advanced Profile Editor
·
Advanced Search
·
PayPal IPN Membership System
·
Archive System for search bots
·
Members Shoutbox
·
Easy Plugin System
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