When done strategically, social networking sites like MySpace, ranked among the top 10 sites on Alexa, can be easily used to leverage incredible profits. More than just a hang out for teens sharing MP3 files, MySPace boasts more than 60 million members and includes well known personalities like those from Hollywood movies and the political arena in DC.

How to Invest

Simply set up a free account. Then as a member, use the free online social networking service. You can communicate online any number of ways, investing your time and technological, communicational and negotiating skills; by emailing, sharing digital photos, posting on blogs and forums, inviting and adding user profiles to your account and much more, maneuvering the inner web world of the social networking system.

ROI

While navigating and enjoying yourself, you profit by making new acquaintances, business associates and friends. Forget about attending high-priced events, save your money for other things and socialize online right there with the other members.

Results or return on your investment is profit, pure and simple. You strengthen your network and profit with the following:

1. Take time completing your profile and take time checking out profiles of others. Profiles are of major importance, as you discover areas of commonality among members with which to build and grow relationships. Just as with any other Internet membership area, there are nefarious souls here, too. So do be leery and a bit choosey about who you select in your relationship building.

2. Cruise instead of race through the network and slowly gain rewards from non-pushy sales tactics and butting in to other's networks too quickly. And keep things on an honest and true level; i.e. no playing games with fake information and breach of promises. Firmly ground yourself as you would any business relationship, even though this is called a "social" site.

3. Conversion into reality can and does happen in these social networking sites. So don't let the excitement of meeting offline hinder your common sense. Plan ahead with a proposed agenda to see what you want out of the get-together and meet in a safe manner in a public area like Starbucks.

In conclusion, this famous saying that works so well offline, also works well with social networking:

"You can have everything in life that you want if you will just help enough other people get what they want." Zig Ziglar.

So reach out, learn how others are profiting from social networking sites, and jump in and join them. Then reap what you sow!