With that much traffic coming to their site every day you can bet that Myspace is making a ton of money in advertising revenue and the owners of Google are not losing a wink of sleep at night worrying about how they are going to recoup their investment.
In exchange for your free profile on their website Myspace plasters almost every available inch in your page with advertising. This just to make sure that you don’t cut into their advertising action, Myspace strictly forbids you to advertise on your page. If you dare ignore their rules blatantly advertising anyway then you already know that it doesn’t take long for Myspace to shut your profile down without notice.
Still there are so many ways to make money on Myspace without breaking any of their rules or risking your page banned. Myspace is categorized into groups. There are some groups that have tens of thousands of members. As someone who is looking for ways to make money online anytime that you see large niche groups already assembled for you there certainly must be a “cha-ching” sound going off in your head.
A large number of the groups are businesses or commercial related niches that are probably already spending money advertising elsewhere since they can’t do it directly on Myspace. This problem for them creates a huge opportunity for you. Why not create a site similar to Myspace that would allow business owners to advertise for a nominal monthly fee?
Here is how to get lots of Myspace members to sign up for own paid membership site. Create a profile just as you normally would. You will have to wait for 7 days before you can start a group. In the meantime, go ahead and add friends, “pimp your profile” and make useful posts to the blog and comment sections. In other words, create a useful profile that people will actually be attracted to.
After your first week, go ahead and start a group that caters to your niche. Tell the group that among other accomplishments, hobbies, goals, interests etc. that you are the creator of abcxyz.com – a site that helps people in your niche to accomplish whatever goal.
As you continue to subtly mention you site in future posts lots of people will check out the site just out of curiosity. Some will even join when they see a site similar to Myspace that also allows them to advertise.
I recently found a very good script that allows you to set up your own Myspace clone and offer monthly advertising as a feature. The script is called phpFox. Here are some more features that you get with this software:
• Easy to use advanced admin panel
• Template manager
• Instant messenger
• Live chat
• WYSIWYG editor
• SEO urls and title tags
• Advanced profile editor
• Advance search
• Paypal IPN membership system
• Archive system for search bots
• Membership shoutbox
• Easy plugin system