There are definitely some do’s and dont’s when it comes to making money on MySpace. I learned the hard way when I first started social networking. I thought I had struck gold and everyone wanted to buy my stuff right off the bat. I couldn’t have been more wrong but after learning some simple techniques I have been able to make thousands of dollars on MySpace.

I’ll give you three quick tools that will make sure your not wasting too much time socializing but you are pumping up the ole’ bank account as well.

The need to use software or friend management tool is absolutely essential in my opinion. Often you will lose track of time by doing everything manually which will result in frustration and eventually you will quit. By using a friend adder software you will be much more productive and you can do in one hour what it may normally take several hours to do.

Target your market from the start. Research who will be more likely to have an interest in your product or service. Once you determine this niche market then start adding friends to your profile that have these interests. This is where a friend adder software really comes in handy.

Do not get caught up in the minutia of social marketing or you will find yourself wasting a lot of time. If you decide that you want to do more socializing than marketing then set up a new account for that and set a time for those activities. If you have a product or service that you want to offer that is unrelated to your target market, I recommend setting up another profile for that product or service.

Invest in people and you will do extremely well. Offer advice and direction for those you come in contact with. Build your name as someone that is helpful and this will ultimately result in sales and the future stability of your business.

Don’t be overbearing when you are offering your products. Instead, find out what your friends needs really are and casually refer them to your website for solutions. If your product is not right for them feel comfortable referring them elsewhere. Your helpfulness will pay off in the long run in the way of referrals and future business.

Once you start using the different tools available on MySpace you can limit your time to under an hour a day and get incredible results in sales and profitable business relationships.