MySpace has over 150 million blogs and is the 6th largest social network in the world. This is what make MySpace the ultimate tool for not only traffic, but some monetizing to.

With MySpace you have to be careful, and it takes some time, but if you blog, and keep it interesting as well as include some great photos; you can have “friends” join your circle. These “friends” will create links from their blog to yours, which in turn goes to your website. Some of these friends may even have links from websites going to their MySpace.

It is a vicious cycle which when used correctly can not only increase your website’s traffic, but also your pagerank. There are many neat widgets that you can add to MySpace. If you have a large enough community of friends, you can even invite them to check out a new website venture, where you can receive direct criticism from your potential clients.

All this equals out to traffic and an increased rankings. MySpace is a fully functional blog, but if you are looking to build a community without using MySpace, there are some great sites, like IBlog which can help you create a community of fans around the world without the need of MySpace. It is ultimately up to you.

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