Since it's inception on the fourth day of February 2004, facebook has rise to become the world's giant social website has brought significant changes in the world of networking and business growth. It has began gaining market share and more significantly, a supportive user base.Given the situation other social networks on the web are facing, Facebook is in a good position financially. While it hasn’t managed to get acquired like its rival MySpace (despite some rumors about an $800m deal with Viacom), it’s been quite lucky in most aspects. For its initial funding, it received $500,000 from Peter Theil, co-founder of PayPal. A few months later, it was also able to get $13 million from Accel Partners, who are also investors in 15 other Web 2.0 startups, and $25 million from Greylock Partners, making their overall venture equal to approximately $40 million. For users, Facebook’s core service is completely free and ad-supported. In fact, in August 2006 Facebook signed a three year deal with Microsoft to provide and sell ads on their site in return for a revenue split. The deal followed an announcement from Facebook’s direct competitor MySpace who signed a similar deal with Google.Besides facebook has giant applications which run on it making it more user friendly and fun.Examples are the Appbank(which has about 40000 monthly subscribers) and others.
One may ask, how then can I get income from them?
Just create an application via the Appbank and promote it through your friends but be innovative and that is all...because of the ads it automatically embeds on your application, you earn anytime a friend uses your application. Bear in mind the more people you get and more applications you create the more you earn.You will get guidelines on the type of applications you want to create and how you want to run them. Follow the video tutorials and you are there.......The amount you earn will appear at the top right corner of the page.
Cool..............
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