10 Tips For Saving Time While Making Money Using Social Networking tips

Social networking can be a huge boon to your overall profits. It opens you up to strategic partnerships and places you in the midst of your customers to build profitable relationships.

However, social networking can go awry and result in a net loss rather than the huge profits it promises.

Here are 10 time saving, money making networking marketing tips to build your public domain business.

1. Budget/schedule your time. It’s very easy to spend hours upon hours chatting online with customers and industry associates. How much is your time worth? Whether your time is worth $20/hour or $200/hour presumably you cannot afford to spend your day on social networking. Determine how much time you can afford to spend, schedule it and stick to your schedule.
2. Outsource. One way to maximize your time is to outsource your networking efforts. Hire someone to track specific sites and notify you when relevant threads pop up so you can respond to only those threads. This saves you valuable time sorting through all of the other irrelevant chit chat. You can also hire someone to actually post for you - a ghost poster/writer.
3. Create a profile one site at a time. It’s easy to become overwhelmed by social networking websites. When first getting started, choose one site and make a real effort to become involved. Create a profile which helps brand your public domain business and commit to contributing on a regular basis. Once you’ve established yourself on one site, then you can add another.
4. Test and track your results. Like any marketing tool it’s important to test and track your results to make sure your efforts are paying off.
5. Create a unique URL for social marketing offers. To test and track most effectively, it helps to create a unique URL for each networking site. That way you can test and track specific promotions and how much a specific networking site actually contributes to your overall profits.
6. Don’t forget your signature. The purpose of social networking is to build relationships and to of course drive traffic to your website. If your signature doesn’t allow for your URL how are you going to drive traffic to your public domain site? Participate in networking sites only if they enable you to actually drive traffic to your URL.
7. Define your goals. Before you begin networking online, what do you want to get from your efforts? Establish goals. For example, I want to form a joint venture partnership or I want to increase traffic by 10%. Once you have concrete goals then you can create an action plan to achieve those goals. Without goals networking is merely a social exercise.
   
8. Integrate it into your marketing strategy. Make social networking part of your marketing strategy. Include it in your plan and create special promotions and offers just for your social networking friends.
9. Cross promote your social marketing efforts. Don’t network in a vacuum. Cross promote your social marketing efforts. For example if you have a newsletter include a “Visit me on Twitter” link. Likewise, let your social networking friends know about your newsletter.
10. Choose your networking sites wisely. Network with customers on one site/industry associates on another. Some sites will result in more traffic and profits than others. Depending on your industry, goals, and target audience some sites will definitely make more sense than others. Make sure the website fits your criteria and that it allows you to post a signature complete with your URL.

In order use social networking for “making money” efforts to be successful they need to be approached strategically. Integrate your efforts into your marketing strategy and make a plan. Test and track your efforts and hone in on the sites which provide the best results.

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