How to Make Money Online with MySpace

Facebook may be the reigning social networking king, but it hasn’t totally unseated MySpace when it comes to making money online.

There is still a market in Myspace that is very much willing to buy your products or avail your services – provided that it is exactly what they are looking for.

As a matter of fact, many entrepreneurs have made considerable money with the legitimate ways to make money with Myspace. A word of caution though: like any other moneymaking means, you have to be careful as to how you are doing things.

Why is this the best time to make money with MySpace?

A lot of online marketers and social media managers under the impression that MySpace is no longer a reasonable means of online moneymaking have chosen to abandon their efforts. This massive departure of marketers, ironic as it may sound, means that you have plenty of space and ways to make money online with MySpace.

• For one, the competition among marketers is no longer as tight. With less marketers and advertisers, you are not as pressured to market your affiliate products or business in MySpace.
• Also, there are noticeably less ads in MySpace than before. As these ads are slowly dwindling, advertising in Facebook is becoming more intoxicating and straining. This paradox has led to a cleaner and more appealing MySpace account for many active users. Whereas these users used to be bombarded with ads before, their accounts are now relatively less spammed (This reality will make your advertising efforts stand out more).

Before you know the ways to make money with MySpace, you have to be aware that you can’t explicitly promote your affiliate products in MySpace. In other words, you simply can’t place the link of of an affiliate product or service on MySpace, or sanctions will be done against you.

Check the Terms of Agreement of MySpace and take note of the 5^th point: although ads are allowed, they should be authorized by MySpace.

In spite of this term, here are ingenious ways for you to start your moneymaking efforts in this massive social networking site…

1. Be a Social Media Expert Specializing in MySpace

Although Facebook reigns supreme in its use of applications and features, there is still one department where MySpace is arguably the winner: MUSIC. With MySpace, countless independent musicians and artists have found a way to market their music to the public.

What makes MySpace perfect for musicians and bands is the seamless integration of songs perfect for repetitive playback. Even people who don’t have MySpace accounts have, at some point in time, listened to an indie song in MySpace. Below is an example of a well-done MySpace account of an independent band. Fancy, isn’t it?

MySpace - Account Example

Using your expertise in MySpace and how it works, you can build a career as a social media expert. Yes, even independent artists looking for a way to break out can use your experience in social media management. Conversely, you can earn a little extra from them!

So what are the responsibilities of a social media expert in MySpace?

• Creation and management of the MySpace account
• Continual update by posting news updates, blogs, and most recent songs
• Networking to other independent musicians and music lovers
• Marketing the account online to forums, micro-blogging sites and other social networking sites

The responsibilities of a social media expert does not end there, as the job description itself is dynamic and is subject to changes brought about by technology. However, these are the basic functions you are expected to carry out if you were to be the social media manager of an independent artist or company in MySpace. This is a usually overlooked way to make money with MySpace.

2. Market Your Business

You don’t need to hire someone to manage your social media efforts. This will only cost you extra bucks for something that you are perfectly capable of doing yourself, perhaps even better than any other social media manager. For that reason, you should create a MySpace account that will cater to the relatively young, fun-loving and thrill-seeking audience in MySpace.

When creating a MySpace account for your business, or any other business for that matter, you must build a personality that your friends can relate to. Preferably, that personality must be embodied by a real person.

This is how people like Tila Tequila became fast rising celebrities, to the benefit of her advertisement sponsors.

3. Create MySpace Templates

Another advantage of MySpace over Facebook is the full customizability of a person’s account. While Facebook sports the generic blue and white interface, users have the liberty to customize their accounts as they please. However, most users do not even know how to begin to customize their accounts.

This is where your expertise as a code generator or web designer comes in. You can offer your freelance services of creating MySpace templates that are unique to the needs of your client, ultimately allowing you to make money with MySpace.

Your clients comprise companies, musicians, and other organizations looking for a MySpace layout that is representative of their company’s ideals and does not look tacky as most MySpace layouts do.

4. Develop Accounts for a Part Time Living

By creating multiple accounts, developing them, networking and finding as many friends as you can, you can be an unofficial developer of MySpace accounts. Although developing these accounts – from tweaking the layout to gaining as many friends as you can – can be tedious, it will eventually pay off.

You can sell these accounts to the following:

• Webmasters
• Affiliate marketers
• Businesses

These people will make use of the full account you have developed to pursue their respective online moneymaking interests as well. Contrary to what many marketers and social media managers thing, MySpace is not dead. However, this exact mindset of theirs is your opportunity to earn with this networking site.