The MySpace, Orkut and Friendster social networks grew as a means to stay in touch with friends, meet
new people online and to share ideas. LinkedIn has a similar slant - it is great for entrepreneurs and professionals
who want to mine their contacts for hiring / outsourcing. And Flickr is just a blindingly simple tool for sharing
photos.
The success of social networks marks a dynamic shift in how people are using the Internet. We’ve evolved from just
searching for information to creating and participating in social spaces with other individuals through the
Internet. This model is based upon the hive mentality where people identify themselves as part of a group with
similar likes and interests that draw them together. This is easy to do online because the traditional communication
barriers of physical locations no longer exist.
The best use out of social networks is not to make money ‘directly’ off them, but to harness
their marketing potential and to use them to market your own business.
To leverage the power of the traffic you can gain from a social network, you should allow your visitors to create
their own social network centered around your niche topic. The power of this cannot be missed since social networks
allow for multiple points of connections between almost anyone on Earth, giving them the ability to find, share, enjoy,
and track anything and everything that tickles their fancy.
When it comes to social networking for business, a key component is the realization that there is a universe of sites built by business people
for business people, with the goal of establishing a community where business owners can connect with one another, get
questions answered, get referrals for employees and foster new business relationships. While a Web site tends to be
a passive business-development vehicle, letting you capture contacts that come to you, social networking sites let
you be proactive in reaching out.