How to Save and Make Money with Social Media

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Posted on 02/26/2009

Facebook, MySpace and Twitter aren’t just for connecting with friends or tracking your favorite music group. You can use social media to save and even make money. Here are a few ways you can turn surfing on the web into dollars.

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Find a Job
There are many ways to use social media as a way to find a job. Try using Twitter or Facebook as a networking tool. Look for people in the field you have your eye on and make a connection. Another way to use social media to get a job is by tracking possible openings as soon as they’re listed. Setting up an account on twilert.com. Choose a phrase like “forklift operator” or “looking for secretary” that fits what you’re searching for. Twilert will send you regular updates on tweets that include your specified keywords.

Get Recommendations
Need a good mechanic? What about a low-cost dinner recipe? With social media you can save time and money by getting recommendations straight from the people you trust most– your community. Don’t waste money hiring the wrong person for the job. By polling your Facebook friends or your Twitter followers you’ll find out who is the best person for the job.

Sell Your Tweets
Whether you’ve got 100 followers or 1000, you can still make money off of your Tweets by using Magpie. Basically the site matches advertisers with Twitter-users and you get money based on your number of followers and the popularity of the topic. Once you’ve reached 50 Euros (it’s a Berlin-based company) you can cash out!

Track Deals
Want to know when The Bargainist posts a new deal? You can simply “follow” us on Twitter(@bargainist) and you’ll have access to a continuously updated supply of great deals, sales and discounts.

Find Contests
There’s nothing cooler than winning a great prize. You no longer have to waste time searching for the best giveaways on the web. Instead just follow a few key people on Twitter: @Sweepstakesgirl, @ContestsGuide, @ContestTweets, @bloggygiveaways, and @Bloggiveaways.

Join Like-Minded People
There are plenty of people out there that are just as psyched about saving money as you. Find them on Facebook through applications like The Money Saving To-Do List. Track your financial to-dos (like consolidating loans or getting a better interest rate on your credit cards) and cross them off as you accomplish them. Or join a group like Money Saving Tips and you’ll be able to share ideas with other group members.

Get Coupons
I saved over $100 this week just by using coupons! You can too, especially when you use Facebook applications like this one to get coupons and find deals. You can also try this application which bills itself as the only source for printable coupons on Facebook. Also, try following some fellow coupon addicts on Twitter like @FrugalFreebies, @CouponPrincess, and @CouponCravings.

Stay Connected Without Spending Money
Another way to save money using social media is to see it as a way to stay connected with your friends and family members without having to leave your home. Maybe you can’t afford going out to dinner as much as you used to, but that’s ok– just meet up on Facebook or MySpace instead!

By Alison Storm

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