Businesses making money through social sites??


Question:
Hey guys,
Can you give me some specific examples of how vendors or companies use facebook/myspace/orkut/linkedi... to make money?
thanks!

Answers:
They make money in two main ways:

* Advertising on the site
* Creating a large population of a particular demographic = more advertising/promotion/newslett... advertisement revenue

They may also do data mining, but it depends on what the terms and conditions says.
They may be having banner/contextual advertising and affiliate programs, but these social networking websites are generally over hyped
make some dough just like myspace does.

http://www.treasuretrooper.com/173480...
Advertising dollars and corporate sponsorship.

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