A question I get asked a lot is “What are social sites and can I make money from them?”

Often on the Internet it works like this: someone creates a new way of doing things. A few people try it and like it. More and more of those people get their friends to try it. Soon, it becomes very popular. As it grows in popularity, advertisers get in on the game.

We've seen it with websites…banner ads.
We've seen it with search engines…AdWords and other text-based advertising.
We've seen it with podcasting…there are several ways to market in podcasting.
We've seen it with blogs…AdSense and other marketing methods.
We've seen it with viral video…ifilm.com and nbbc.com put advertising on videos.

So it's no surprise that people are interested in making money from social sites like MySpace.com.