Facebook & Making Money!

[Brendan]

Guys,

Are you all on Facebook? I've been on it for about 6 months now have been heavily looking at ways of making money from it.

My first attempt was buying some Facebook Applications, this turned out pretty well, I basically flipped the application, which meant buying it at a low price, gathered users to install it, then I sold it on at a profit.

Just to put things into perspective, I bought the app for about $250 USD, took about a week to build up its users, then sold it on for $500 USD a week later, so in a week and about 1-2hours work in total I made a profit of $250.. I guess all I need to do is replicate that about 5 times a week and I'll be well on my way to a bit of freedom

Has anyone got any suggestions how we can make money from Facebook and other social network like MySpace?

Also, we have started a Facebook group.. so please join! - http://www.facebook.com/group.php?gid=6367454529

[wiiman]

Wow. Sounds quite interesting. I have been thinking about starting a myspace app but I lack the programing skills to do it so I am looking to assemble a team to help.

[Brendan]

yea it will be interesting to see what happens with myspace and the applications, do you know of any that are around at the minute, or people who program them? I would be interested in checking that area out..

[wiiman]

Currently I only know of a couple of apps but I am interested in doing a web 2.0 flash php based script. I am trying to put together a small team of developers who could work on a couple and offer it as a free web resource. Money would come from ads that are on the app and the site.