7 WAYS TO MAKE MONEY WITH FACEBOOK

In The Facebook Economy Business 2.0 outlined a few ways application developers are making money off of Facebook.

1. Sponsorship: Advertisers are lining up to sponsor popular Facebook applications. Facebook has approximately 40 million Unique Active Users in the past 30 days and
2. Selling advertising space: Facebook apps with large audiences can make a lot of money selling ad space on their page through ad networks like Lookery, Userplane and Google Adsense.
3. Sell goods and services: The future of Facebook applications is utility, not fun. Facebook application Band Tracker searches upcoming concerts and links to ticket vendor web sites. Soon, it will be common for people to make purchases from their own Facebook pages.
4. Write a Facebook book: Get advances/royalties for authors write a Facebook article.
5. Write a Facebook blog: There are already a number of good ones beginning to cover the Facebook eco-system but there is room for more. Once you have an audience for your blog you can start selling ads and sponsorships
6. Develop Facebook apps as a consultant: Good / great Facebook developers are in very limited supply and so the demand is high.
7. Sell your Facebook app: If you can create an app on Facebook, get it to 10K to 100K users, harvest some ad revenue from it by partnering with AdBrite for CPM/CPC ads, offer Cost Per Install ads via Adonomics and you provide data to get an Adonomics certified valuation, then you will be in a position to get top dollar for your application should you decide to sell it.
   At the moment, the big winners of the Facebook jackpot are application developers. The big losers might be other social networks like MySpace, if they fail to open up their networks.

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