Monetizing Social Media? Make money from social conversations? How is that possible? How can I make money using Twitter, Facebook or YouTube? You are probably asking these questions right now.

While the answers may be many-fold, it’s pretty clear that if you don’t have the basics covered: a good product or service along with a (people) support system and technology to help, you’ll never make any money on social media.

Selling other people’s products (affiliate marketing) and avoiding customer support issues and hiding behind the computer is not what I’m talking about. (Sidenote: Yes, some are making big bucks as affiliates, just check out clickbank.com).

Here is one way to make money on Facebook if you already have products to sell.

Here’s an example of a do-it-yourself commerce application for Facebook, from music artists to full social commerce enablement (big word).

Here are the steps to set up your own facebook shopping cart, or commerce system using Moontoast:

moontoast social commerce process chart

Find our more on social commerce provider Moontoast.

What success stories can you share?

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Entrepreneur Magazine says Jon Rognerud is one of the most sought-after Digital Marketing Experts. His clients extend from high-end brands and middle-tier businesses in both B2B and B2C. His SEO website optimization book, "The Ultimate Guide to Optimizing Your Website" from Entrepreneur Press is in bookstores now.