Next to the search engines, social networks receive the most visits. More and more people are heading over and signing up to one or more of the social network sites, which means this is a hot spot to capture a massive audience that is in the millions, and it presents an endless number of business opportunities.

With social media you an directly target users, which means you can increase your social media earnings just by identifying the right opportunity. The great thing about social networks is they are available to everyone from freelancers to multi-national companies selling brand name products to crafters selling handmade merchandise.

Businesses can rent or buy ad space on social media networks and retailers can drive visitors to their site through ads, thereby boosting sales. However, these options do require bigger budgets and involve marketing campaigns. If you are planning to start on a small scale, here are some great tips to help you get going.

There are a many different social media networks. Facebook, Twitter, and YouTube are three of the most popular ones with the largest number of users. All three can be used to make money in a number of ways.

Facebook and Twitter can both be used to promote items or services you are selling elsewhere. Say for example, you have an eBay store you could advertise your eBay store on your Facebook account and you could post it to your Twitter account and then ask your followers to re-Tweet it.

Do you offer a niche service or sell nice products where watching an instructional video might be beneficial? YouTube is a great way to promote your business and provide your existing clients or potential clients with helpful information. YouTube is also an excellent way to advertise at no cost to you. Of course you can also make money with YouTube by having a hit video posted.

Facebook and Twitter are both excellent ways to spread the word about your company, and your products/services. You can brag about your sales or promotions on both sites. You can ask friends to retweet or share your post. You can create a business page on Facebook and begin to build a fan base.

In addition to promoting products, services, or your company in general, you can even sell products or services directly on social media sites. Quite surprisingly for the number of users on these sites there are actually very few rules and regulations – they truly are great examples of open societies regulated for the most part by common sense and a basic set of rules.

Social media offers an amazing amount of potential that is really only limited by your imagination. The minute you recognize the amazing potential that exists with social media to make money, you are on your road to success.