You can be on Entrepreneur’s cover!

How can I find a sponsor for my social networking site?

By Lena West

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

I am in the planning stages of starting a social network. It will provide users with valuable information about the entertainment industry.

The best thing you can do is generate traffic -- specifically traffic that increases month after month.

The next thing you can do is focus on getting targeted traffic, that is, making sure that the people who visit the site are also the people who would purchase from sponsors. Repeat visitors are really the key to growing your social network.

And, last, but not least, don't ignore growing your in-house e-mailing list. That's really important and something sponsors will want to know about before they cut a check.

Lena West is the CEO and Chief Strategist of xynoMedia Technology, a New York-based firm that helps high-growth companies leverage the power of social media, blogs, podcasts and online communities.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

I Tried Airchat, the Hottest New Social Media App in Silicon Valley — Here's How It Works

Airchat is still invite-only and prioritizes voices with no option to upload photos or write text, making it feel more human than Facebook or Reddit.

Business News

The FBI Is Warning of a New Text Message Scheme Claiming Unpaid Toll Road Charges

The agency estimates the grift has been ongoing since early last month.

Leadership

You Won't Have a Strong Leadership Presence Until You Master These 5 Attributes

If you are a poor leader internally, you will be a poor leader externally.

Starting a Business

6 Effective Funding Strategies for Startups

Navigating startup financing is complex. Entrepreneurs find themselves at the crossroads of innovation and survival, where a single decision can either fuel their dreams or extinguish their aspirations. Here we look at six ways you can finance your startup to support your business for long-term success.

Real Estate

5 Must-Try Real Estate Marketing Ideas That Will Attract Buyers

By pursuing content marketing, real estate professionals grow their reputation and lay the foundation for future sales.

Growing a Business

They Designed One Simple Product With a 'Focus on Human Health' — and Made $40 Million Last Year

Marilee Nelson, Allison Evans and Kelly Love founded cult-favorite cleaning brand Branch Basics in 2012.