There are definitely some do’s and don’ts 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.

You must be using some type of software program to increase your exposure and add friends to your profile quickly. Tis will allow you to perform tasks that will normally take hours with the simple push of a button in minutes. There are several software programs out there for you make your MySpace marketing more efficient.

Determine what your target market is before you randomly start inviting people to be you friends. The great thing about MySpace is the browse section that allows you to pick and choose the characteristics of your friends (i.e. age, location, income range, etc.). You can also use the groups and forums to carefully pick the friends that are more likely to be interested in your offer.

You’re in business, act like it! Too many times I see people that are promoting their business on social networking sites but never get around to promoting their business. If you are a social butterfly, then set standards for your business and stick to them. If you absolutely must hang out and socialize, set up another account and block out a set amount of time just for that.

Stay on message. If you are promoting dog supplies on MySpace then it is okay to introduce cat supplies or other general pet supplies. On the other hand, your audience will not be expecting you to start promoting financial services and thus you will lose credibility. Again, open another account if you want to promote products or services in a completely different niche.

While building individual relationships, use the bulletins, groups, forums and comments to subtly expose your product or service to the community. Only use the messages t communicate with people on a personal level until you feel you have built a strong enough rapport to present your offer.

By using these five strategies and by treating others in the community the way you would like to be treated you will build many strong business relationships and make tons on money on MySpace and any other social networking site.