The Ethical Way To Make Money On Forgotten Myspace MRR Ebook

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MYSPACE'S UNIQUE NICHE

There is a lot of information on how to make money with social networks. Many of the techniques that you learn on one site can work for another site. Many of the “black hat” or unethical tricks that can lead to getting you banned also can work on other websites (and risk getting you banned as well). We will go over a number of different ways to make money on MySpace, the ethical way, but first we have to understand the unique niche that MySpace dominates and how to use that to our advantage when creating strategies that bring in income.

DEMOGRAPHICS IS KEY

MySpace has a younger set of demographics than other sites like Facebook or Twitter. There are more teenagers and young adults on MySpace than on other social networks. In fact, if we take a look at the actual data from quantcast.com for MySpace way back in August 2009, we get a very clear view of the actual demographics of this site.

About 60 million people visit MySpace every month. Almost 60% of them are female. Seventy-five percent of people who visit are between the ages of 13 and 34, with the majority being teens. More Hispanic people visit MySpace than other ethnicities, although African-Americans are well represented too. This young group of people are typically less affluent, have no college experience, and do not have kids. Understanding the demographics clues entrepreneurs into the target audience and helps them to select income-creating strategies that work with the demographic.

For instance, you would not be able to sell retirement affiliate offers successfully on MySpace. There aren't enough people who would be interested in that niche.

Similarly, you can add games and fun exercises through a cost-per-action affiliate program and generate tons of interest, even if you make no sales. Since you get paid for the action, it can be a way to make money on MySpace.

ATTRACT THAT AUDIENCE

Once you understand what motivates and interests your audience, your job – before you can make any money at all – is to attract a segment of that audience back to your profile. This is done by creating a profile that is of interest to other people on MySpace. You can add friends via a variety of ways. Some are a little unethical, like using programs that send out multiple friend requests. While it can build your list fast, it won't create the type of organic list that will help you make money. Building a friends list with people who are truly interested in you and your business offerings is a step in the right direction towards making sales on a consistent basis.

ADDING FRIENDS

Starting from scratch and relying on your own resources to build a contact list in MySpace can be a little intimidating, even if it's not hard. MySpace offers a way to find friends and to invite them to join you on MySpace with their friend finder tool. You can search for them by name, by email, or even import your entire email list into MySpace. However, there are other ways to add friends to your list, even when this option runs out.

MEETING FRIENDS ONLINE

One of the goals you will have when adding friends is to make sure you are attracting targeted traffic. You want people who have similar tastes and interests to the types of online offers that you think you will promote. Once you have a list of possible items that you want to promote, the thing is to find people who might want to buy or to participate in your promotions. To do that, you have to have a good idea of what you will be doing to make money and of the type of person who would take part.

For instance, say that you are offering ring tones through an affiliate offer in exchange for taking part in an online survey. The young demographic is perfect for ring tones, but those who already download ring tones are an important part of your market. Now, you decide that the ring tones you are going to promote have a Hispanic element to them. You want to look up Hispanics online and promote ring tones that have a Spanish theme.

You simply go to MySpace and browse using their “Advanced” feature. There, you can find profiles with any one of these characteristics: gender, age range, relationship status, ethnicity, body type, height, smoker, drinker, sexual orientation, education, religion, income, and status of dependents. You can even find out whether they are looking for dates, networking, or just friends and relationships. The Advanced browser in MySpace makes it very easy to fine-tune the demographic to particular market segments that you can then target with specific offers that appeal to them.

GROUPS & FORUMS

Another way to attract people who have specific interests that you want to market to is to engage and participate in groups and forums. You will find that MySpace has a wide variety of places to network, and many of these groups can help you redefine your demographics of friends to keep them organic and useful. This is a far different approach than just adding friends through some software that blasts friend requests to anyone and everyone. Using that unethical approach will build a large list, but it carries the risk of getting you banned and being labeled as a spammer.

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