Business & Finance Social Media

Using Social Sites to Make Money

A little over a year ago I was tempted by articles I had read about a new Web 2.
0 phenomenon called Yuwie.
It was hailed as a revolution in the field of social networking because its owners were prepared to share the revenue generated by the advertising on each page view with the people who generated the views, ie the users.
This did strike me as fairly revolutionary at the time.
I had used MySpace to promote my musical ventures for some time, being closely involved ith a couple of bands from the pre-MySpace days.
Was there ever such a time? Okay, I took it hook, line, and sinker! I realised fairly early that this was a long haul project and not for the faint-hearted.
It certainly wasn't get rich quick.
What I did like was the very good social aspect of the site with genuine 'friends' striking up a relationship to help each other out.
Faces came and went but the troopers carried on.
The principle is like MLM in reverse - money doesn't come out of your pocket, it goes in.
You sign up referrals and they sign up others - in a matrix 10 deep.
The difference is you are getting paid instead of shelling out.
As a 'pioneer' of Yuwie I now have a downline of 10,000 people but only maybe one in a hundred is active.
Still, the revenue generated by this network is very welcome, so yes, you can make money in this first way if you have the patience and persistence.
What is more subtle is the fact that many people at this site are there to make money and promote their business.
Yuwie has a pretty stringent set of rules about blatant advertising, and more power to them.
Spamming is not tolerated.
However, a well constructed blog about a subject close to the author's heart can contain links to the product being praised - if you have a circle of like-minded friends and your reputation is good then they are likely to follow your advice.
I have signed up for several programs on this basis myself as I feel I 'know' the contributors even though they are thousands of miles away.
We're not in the business of selling each other bum steers or making a quick killing.
I get many requests through MySpace for people who are under the impression I would like to join them doing what I get paid for at Yuwie - for free! MySpace has been invaded by the marketeers and it is a poorer place for it.
Literally.
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