As I mentioned in one of my previous articles, Social Media has became extremely popular in the last few years.Social Media sites such as Facebook, Twitter, MySpace and YouTube are growing faster than any other type of social communication.Social Media is an enormous untapped source of leads, prospects and business partners for YOUR business and best of all it is FREE.Therefore, in order to benefit from the social media madness, you will have to know how exactly to monetize this ultimate untapped source of potential business partners.This is exactly what I am going to be covering today. I want to show you exactly what you need to do in order to generate results with social media sites such as Facebook, Twitter, YouTube and MySpace.However, Before I get into the specific details of how you should be using each one of the mentioned above sites, I would like to point out one thing. The ultimate purpose of every single social media website is Relationship Building. This is the sole purpose you should be driven by when you join a group on Facebook or sending out a Tweet.Relationship Building is an essential ingredient to a Successful Internet Marketing Business and the sooner you grasp this concept the better.Let’s get started!MySpaceOnly a year ago, MySpace was the biggest and fastest growing community on the Internet with more than 240 Million registered users. Today MySpace has lost it’s popularity with the users but it hasn’t lost it with the search engines.To this day, MySpace is one of the first sources Google turns to when in need of information. What this means is that you can use it for your benefit by creating different MySpace profiles to generate more Search Engine Traffic for your particular business/opportunity.Don’t get me wrong here, it doesn’t mean that you must use it only for that. You still have the opportunity to socialize on MySpace quite effectively, but right now, the main benefit of MySpace in my eyes is the SEO juice that you can squeeze out of it.TwitterTwitter is a free social networking and micro-blogging service that enables its users to send and read updates known as tweets. Tweets are text-based posts of up to 140 characters in length, which are displayed on the user’s profile page and delivered to other users who have subscribed to them also known as followers.Twitter is an amazing social network, which really qualifies for the expression “Social Media Madness”. If you don’t know what I mean, just get yourself over four thousand followers, as I did, and you will see exactly what I mean. My Twitter home page is pure madness and socializing on Twitter without a client is not an option anymore.Nevertheless, what makes Twitter unique besides the 140 character limit is the ability to Drive Massive Viral Traffic to Your Website.Twitter is the easiest tool to drive traffic with especially if you are running a blog or a newsletter, it has an insane Viral Power Potential to it.If you ever heard an expression “Word of Mouth Marketing” and did not know what it mean, than Twitter explains it very well. Just imagine if your Tweet with a link back to your site goes viral. Imagine the tweet being ReTweeted about 300 times. Imagine if each of those ReTweets only generated 3-4 clicks at a time, how much traffic would you get?That’s right-A LOT!YouTubeYouTube is a video sharing website where users can upload, view and share video clips. Three former PayPal employees created YouTube in February 2005. In November 2006, YouTube was bought by Google for US$1.65 billion, and is now operated as a subsidiary of Google.YouTube, being the biggest video sharing network online, is a great place to do some video marketing. But Why is Video Marketing so damn important? Why is it so Crucial that you do it? Yes, that’s right! Relationship Building.Can you think of a better way of establishing a relationship with a complete stranger? What can be more powerful when it comes down to building trust with another person on the internet than video? What can make more impact on that person than watching You move, listen to You talk and hearing Your thoughts coming out of Your mouth instead of reading them on his 15” laptop screen?If you can think of a better way of doing it(besides live conversation with a web cam, of course) than please, be my guest and reveal it to me, because to this day, I haven’t found something better then Video Marketing.FacebookA Harvard University student originally founded Facebook with couple of his roommates in order to create a virtual community exclusive to the Harvard University attendees. Website membership was initially limited but later expended to other colleagues until later on Facebook became available to anyone aged 13 and over.Right now Facebook is one of the biggest social communities with over 200 million active users. However, what makes it different from MySpace, Twitter and YouTube than? Why is it so essential for your Social Media Domination plan?Well, personally, I can’t answer that question with a specific benefit. Facebook is just a great place to Build STRONG, BULLETPROOF, ROCK SOLID Relationships. I haven’t yet found a community where people are more open and ready to socialize with complete strangers all over the planet.To me, Facebook is like another huge family. I truly admire and respect every single one of my Facebook friends. It is so easy to get to know people and connect with them on Facebook. It is so easy to get lost in endless chats and conversations there.I have many of my friends, simply leading another Life there! Facebook is very easy to fall in love with and it definitely leaves other Social Networks in the dust when it comes down to building a strong long lasting relationship with a complete stranger.Having shared these insight with you, I only wish to point out one more time that your main goal on any single social media site and in every single social community should be first to Build Relationships while driving traffic and generating leads second.