Making money from social network sites (Friendster, Facebook, Myspace)?

[Fun Fearless!!]

1. Can we manage the sponsored links or the ads the appeared on our profile page on Friendster, Facebook, Myspace, or other social network sites? If it is possible how can I do that?

2. How can we make money out of those sites? I have heard about it but need details.

[oni-kun ^^]

1) No you cannot, they retrieve their money from that and they would not cut profits by circumventing them to you.

2) There is no method, What would you do if people were selling things on your site without permission?

MySpace band profiles can sing up for a program for people to purchase songs but that is it.

[Rehaan M]

There are multiple ways of making money online, offline, data entry and many others which are fast and easy. You can try from a list given at http://makingmoneyfree.blogspot.com/

[TechLord]

As the other answer states, you can't change or profit from the sponsored links. You can, however, add banners, buttons, and links to affiliate programs on your myspace profile. The key is to pick something that myspace users would be interested in. I've found that myspace users also fit the category of casual gamers (i.e. chuzzle, bejewelled, or any similar puzzle game). Big Fish Games' affiliate program even offers myspace and facebook friendly code that integrates well.