Have you ever thought about one of your social networking accounts and wished that you could make money by distributing advertisements through it? There are people who are totally against monetizing your followers and friends in this way, but in the end, the choice is yours. Depending on your profile and following, there are probably numerous advertisers who would like to distribute their messages through your network and pay you for the privilege to do so. Ad.ly lets Twitter and MySpace users test the waters and see what they think.

The process is actually pretty painless and fully transparent. Once you’ve created an account, you can begin to receive requests from advertisers. It’s important to mention that you’re in control of the messages that go out to your network. You can either accept or deny an ad, and if you choose to accept it, then it will be published and you’ll be paid. Not only do you get to approve the ads, but they’re also clearly marked as ads for full disclosure. Who said it doesn’t pay to be a social networker?