Apart from for Google, Facebook is the web site with the biggest source of site visitors on the nettoday. Facebook subscribers recently passed the 500 million mark. This means that there are half a billion people on facebook that could potentially make you profits. I am going to tell you my 5 best ways to drive quality traffic and make money on the world wide web with facebook. Let's get started.

You can post status updates. Each time you update your status all of your people would see it. So if you had a website or an offer you want to generate traffic to, you just post a status update containing a link to your offer or website and lots of your friends will click on it. Just think how many people will be able to click on your links if you had a friends list of thousands. You can make a lot of money just doing this every few hours.

Creating groups associated to your offer or product. Creating a group related to a product that you are promoting or your website could be a good way to make money online. Having a huge group of members interested in your product or website, means that you have a big list of people ready to buy. You can message them whenever you want. You can transmit messages promoting your products and your web sites. If you create value on your groups you can build a good relationship and make good money on Facebook.

Build viral fan pages for long term profits. Almost like facebook groups, you can create fan pages for a business or for any topic that you think other people would like. After this you only need to get loads of fans for your page and then the sky is limit on how you want to make money with your page. You can post a link to your group's wall and everyone would see it and hopefully click on it. Fan pages also let you insert website code, so you can build your list or get people to your products on your fan page.

Have a go at facebook ads for lots of money fast. Facebook advertising is a kind of pay to click form of traffic. You can pay facebook for displaying your ads. You can pay for every click or for impressions. These ads can be super targeted, like age groups, interests, countries etc. so it makes it a lot easier to promote your products and earn money.

One can get paid to post status updates for other people's fanpages and groups. You can go on websites like Fiverr where people would pay you money to post status updates on your wall or post on your fanpages, promoting their fan pages. If you have an account with lots of friends or a fan page with loads of fans, this could be a great way to earn with facebook.

As you can observe there are heaps of different ways to make money online with facebook. Lots of big businesses as well as thousands of online marketers are already tapping into facebook for big profits. You don't need to be a big company to make money on facebook, it is really easy if you know how.