Profiting from Social Networking
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What is Social Networking and How Can You Profit from it?
Social Networking isn't new, but the Internet has taken social networking to a whole new level. Business people have networked literally since the beginning of business. Networking is an essential skill for most business people, particularly for entrepreneurs. Sales are frequently developed through the relationships we have created with other people. In traditional business, networking is often done through chamber of commerce organizations, trade shows, conferences, associations dedicated to your type of business, BNI (Business Networking International), etc. Networking functions provide the opportunity to expand your contact list, particularly when you create and nurture quality relationships.
But how has the Internet Impacted Social Networking?
The Internet allows you to network and connect with others from the convenience of your own home office and reach far more people in less time, fitting in with your schedule.
In an article by StartupNation on MSN Money, “Beating a Bad Economy – from Home”, they stated:
“New this year was the priority placed on social media by home-based businesses and their audiences. For the first time, the sense of isolation at home has given way to immense connectivity through online networking, We've noticed this trend in the blogosphere, which has been lit up with references and links to the StartupNation Home-Based 100, as well as social sites such as Facebook, Twitter, Digg and StumbleUpon, which have driven immense amounts of traffic to contestants' profiles during the competition. This is testimony to the swelling current of conversation that home-based business owners participate in online and the networking and marketing benefits they gain as a result.”
“Social networking sites like Myspace, Friendster, and Facebook have literally exploded in popularity in just a few short years.” - Mike Fitzpatrick
Why Are Companies Willing to Spend Big Bucks for Websites that Provide Free Membership?
- MySpace sold for $580 million in 2006
- Facebook sold for $4.1 billion in 2007
- Google buys FaceBook for $25 billion 2008
Advertisers will pay a lot of money for repeat visitors who are spending a lot of time on a website and those characteristics can move a website up in ranking quickly. Bottom line is that a site with visitors who repeatedly and consistently return to the website is worth a lot of money.
What Makes Social Networking Sites a Unique Opportunity for Marketing You and Your Business?
- Growing popularity
- Repeat visitors who spend time on the sites
- Targeted audiences searching for people to connect with and attracted to what you have to offer
- Social networking sites increase in ranking quickly
- Google rewards sites with visitors who return and stay on a website for long periods of time
How can Social Networking be Utilized in Marketing Your Business?
- Creates an online presence
- Establishes credibility
- Attracts your niche or target market to you
- Can bring people to you from the comfort of your home office
- Allows you to educate people who wouldn't realize they wanted or needed your services or products
- Gain referrals or can even gain viral referrals
- Helps increase your website ranking
- Income from your referrals – Google ads and more
Important Social Networking Tips
- Create a compelling profile that promotes YOU
- Post content and be involved within the social community
- Don't “spam”, create comments and information of VALUE
- Be selective in what you post comments on and utilize the content you write in multiple areas
- Get ideas for articles from questions on social sites and forums
- Create your article, respond with a brief answer and link to your full article if allowed on the site, or mention your article without the link if links aren't allowed
Some Social Networking Sites:
- Article sites: HubPages, Squidoo, ArticleEzines, etc.
- Bookmarking sites: Digg, Del.icio.us, StumbleUpon, etc.
- MySpace
- BetterNetworker
- StartUpNation
- VIPSportsNet
VIPsportsNet – a Unique Marketing Tool
VIPsportsNet is a new company in the pre-launch phase that offers some unique opportunities for social networking entrepreneurs.
- Audience of very regular visitors – Fantasy sports gamers
- Provides inexpensive online advertising for small business owners targeted to their local area
- Provides unique tools at no cost with upgrades that affiliates can profit from
- Free voip phone service
- Next generation private email with cool self-destruct feature
- Pays affiliates to refer people to subscribe – unlike MySpace, BetterNetworker or other networking sites
VIPsportsNet Concept
VIPsportsNet's model is simple and is based on the same methodology that Microsoft, Google, Facebook Yahoo, AOL, Skype, Hotmail, Youtube, ESPN Sports, Myspace and many other companies utilize: - Provide websites that give free products to people and as they come by the billions, they see online advertising and purchase the products and services they see.
The difference?
VIPsportsNet shares 50% of the revenue back with the people who get people to come to their sites
VIPsportsNet's Free Products
- Free Social Networking site - ONMYVIP
- Free Fantasy Sports Games -VIPSPORTSNET and VIPSPORTSTUBE
- Free next generation totally private email – ONVIPMAIL
- Private Instant Messaging service that ties into MSN, Yahoo, AIM, Etc. - OMVIPIM
- Free unlimited Internet calling worldwide – VIP2VIP
.......and much more to come.
Founding Member Special Ends Dec. 31st, 2008
(Just got word that the Founding Member special won't be taken off WorksTeam members' sites until Sat. 1/3/09 at 5pm CST)
The WorksTeam has arranged a Founding Member Special - the normal $299 signup cost for a VIP affiliate is waved until the end of this month, Dec. 31st. 2008. If you go to any other VIPSPORTSNET website, other than a WorksTeam members' site, you will have to pay $299 to join.
Why Take Advantage of the WorksTeam Founding Members Deal?
- Nothing to lose, and saving $299
- Cheap online advertising at $24.50/mo. - can be used or sold to other businesses
- Capitalizing on the growing social networking industry
- Fits hand-in-glove with our existing businesses
Plus....
As a VIP Affiliate you profit from the VSN's New Affiliate Program with no additional cost. I was consulted by the top people in VSN and asked what would be important benefits for affiliate marketers as VSN put together this new affiliate program. With the founding membership deal, it makes most sense to join as a VIP Affiliate, but after Dec. 31st people have options. If they don't want to pay the $299 VIP affiliate sign up fee and receive funds from Global Profit sharing and all the other rewards of a VIP affiliate, they can join as a regular affiliate - either for free, or with a nominal monthly subscription fee.
New VSN Affiliate Program Overview
If other social networking sites have grown so fast just from word of mouth, imagine what could happen in VIPsportsNet with people being PAID when they tell others about the free resources?
To take advantage of the free founding member offer go to my VIPSPORTSNET website, click on Join Now, and select the Free Founding membership at Step Two.
If you have any question about this topic or have other business questions, complete the Contact Wendy Mills form.
Wishing you great success in the upcoming new year!
View this Recorded Webinar Now!
View this training webinar recorded on 12/08/08 in its entirety.The WorksTeam weekly training webinars are provided at no cost on Mondays at 9pm EST. The recorded archives on our secure website are only available to those working with a Work Team member.
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Comments
Thanks Wendy for not letting me miss the genius of this sytem. I almost dismised it because I'm not a sports fan. Just being able to advertise and sell advertising to your local market makes it a great idea. Saving $299 and earning 50% commission isn't bad either!
I highly recommend that everyone listen to the excellent webinar on VIPSportsNet. I know both you and Cammy work diligently to make sure lines of genealogy are followed.
Thanks Sue and Irene for your comments. Irene brought up a good point that we mention on the webinar, but is worth mentioning here too. If you are already a WorksTeam member, check with the WorksTeam leader you are working with to obtain their link to join VSN. Anyone who joins VSN with a WorksTeam member will then have the same founding member status, so others can join on your link and have the $299 fee waved until the Dec. 31st deadline.
Wow, Wendy, thanks for the "heads-up" on this one! And just how DID you arrange for free registration?!? Guess "you da' man" ;-)!! I signed up already - I know lotsa sports fans (lol)...
Happy New Year - I just know '09 is gonna rock!
Thanks for your comments Pat. I guess after being in this industry for almost 8 years I was fortunate to be connected with the right people at the right time. Cool deal, isn't it?
If you have 3 people who then sign up 3, you then qualify for the Global Profit Sharing. With the free sign up, it is easy to send your link out to the people you know or your lists and qualify.
Have a Happy New Year and I am looking forward to hearing about your 09' successes!
Where the hell I was, I didnt know Google Bought FaceBook, I knew they were in a war...But I haven't notice any Google affiliation on Facebook...hmm
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Support Your Biz says:
6 months ago
Wendy - thanks for introducing a new way to benefit from social networking. This is a great article full of good tips. I will be taking a close look at VSN before the deadline!
Sue White