When you’re building your own social network, you shouldn’t just build one for the sake of making friends. One of your main objectives for doing this should be to make money. That is, if you have a business.

Some people do build one for entertainment and friendship purposes, but it can be taken a step further if you use it to make money. In fact, it would be advantageous of you to make money since you’re a part of these communities.

One of the first things that you need to do is to create a profile. Your profile page should be your selling point or your business card online. The profile you create should be professional and make sure to include a nice photo of yourself. Include information about you and your business. This will help visitors get to know more about you and possibly purchase from you.

You’ll also want to reach out to others to get to know them better. You can do that by using blogs and creating other groups. Another good way to interact with others is to visit the forums. Don’t just visit; you’ll want to introduce yourself and get your foot in the door. Everything that is at your disposal you should use to your advantage.

Now, let’s look at some ways that you can make money when you build your own social network:

• Ad Revenue – If you’re involved with a social network that allows ad revenue sharing, then by all means, go for it. A good program that is known to many is Google AdSense. When people click on the ads displayed on your webpage, you would earn a percentage of the income that is generated. There are other ad revenue sharing programs, but Google AdSense is probably the most popular by far.

• Paid to Participate – There are some forums that pay you to post discussions and provide answers to inquiries. There is not a set amount and the money you get depends on how much you participate. It also depends on what kind of answers that you provide. When you refer people, you will receive a commission.

• Referral Rewards – When you refer others to different social networking communities, you will get a fee for doing so. There are some that will pay at least $1.00 for each person that you refer to the community. Or you will receive a commission on the number of referrals you provide. If you need more information, you can check with each individual social networking website.

These are just three ways that you can make money with a social networking as you continue to build it up. Before you know it, you’ll be raking in the visitors and the cash!