There is a growing buzz emerging around the value of marketing your online business using social networking sites – sites that create interest around a model of allowing users to contribute content such as Youtube, Digg, and Wikipedia – among many others and continuing to grow rapidly.

I myself have had good traffic results and sales from Myspace, YouTube – enough to certainly make this a critical focus for traffic generation in the future – I would suggest you look at these techniques in the same way.

While the rumors of Search engine optimization demise are exadurated, even some of the most seasoned SEO pro’s are admitting that there will be a slow decline in the effect of SEO mainly due to the rising impact of social networking sites.

Ok, so moving beyond the generalities – how specifically can you benefit from a traffic generation strategy based on social networking sites??

In this great posting over at SEOMOZ.org, some clear advantages are presented for generating traffic using social networking sites – specifically:

– Links from these sites back into your site provide quality backlinks

– So far, most of these sites have ranked very well and quickly on the search engines, so its a good way to gain fast and quality exposure for your ideas, brand and market presence.

– Use the popularity and infrastructure of these sites to help build a rapid build-up of additional, associated user content – could be comments, additional related contributions, etc… will allow even more exposure by leveraging these social networking sites

Finally, one last very important point…

All of the traffic generation approaches you use are useless if you…

1. Don’t have a solid product or service to market that secures customers for you that you can continue to market to as time goes on – of course my preference is information products as one foundation for your online business.

2. You must have a solid message to market match that converts your traffic into buying customers.  This requires not only a solid market positioning, but also a strong sales letter and proven follow up system.  We spend a great deal of effort talking about what you need to setup and how to do it over at the Information Marketer’s Zone.

IF you have these two pieces in place, then make sure you are seriously considering social network sites as part of your core marketing efforts for your online marketing business.

Jeff