Networking as it pertains to making money could be defined as the interaction between a group of people who share a common interest. Today it is most commonly thought of in terms of networking websites such as Facebook, Twitter, and My Space.

Create a profile in a social networking website and include your website address. Take the time to describe exactly what you do on the Internet and what products and programs you are involved with. What you are doing is making it easy for people to find out more about you in a passive way. As you interact with people on a daily basis in the social networking site a certain percentage of those will click on your website URL. This gives you additional traffic that can convert into customers.

Are you in a network marketing business? It is much easier to recruit someone into your business if they know who you are. This is where social networking can be so effective because you are never actually prospecting anyone. You are simply getting to know people and through this interaction some will join your business.

Discussion forums are another form of networking that you can use to your advantage. These give you the opportunity to build credibility by posting useful comments in various threads. It also helps you brand yourself as an expert which can lead to future sales.

Twitter is an extremely popular social networking site right now. By building up a large number of followers you can quickly sell products at a moments notice whenever you post a useful Tweet. These micro blog posts of no more than 140 characters, give you instant contact with your subscribers and the more people you have following you the more potential sales you can make.

Many joint ventures are coming out of networking conversations. Whether you are doing social networking online or meeting with people off line, the Internet makes it possible to work together in ways that were never possible before. Joint ventures give you opportunities to make money by pooling your talents with other people. Millions of dollars are transacted online through joint ventures every year and you can get yourself involved in these types of opportunities through social networking.