The answer is Yes and No.

Social networking has become a phenomenon that many people are involved in. It is interesting to know that even famous celebrities such as President Obama, Actor Ashton Kutcher and many others use twitter and facebook to connect to their fan following.

As an Internet marketer you need to determine whether you are actually benefiting from social networking or whether you are wasting your precious time.

You can use social networking sites to promote your business effectively or literally spend all day hanging out in them with actually doing nothing much for your busines.

Because many Internet business owners start out on a part time basis they are limited in the amount of time available to build their business.

You need to be careful that you do not fall into the trap of hanging around in social networking sites thinking you are actually making money.

It is possible to get addictive to social networking rather than focusing on your business. If done incorrectly social networking can be harmful to your business.

There is a certain skill in doing social networking for profit. It is a great way to connect and spread word about your business.

Building trust and credibility is very much a part of a successful business. You can do social networking to brand yourself and your business as something reliable.

The key to doing social networking for the benefit of your business is to budget your time and use it effectively when trying to advertise and promote online.

By doing it this way you will always know when it is time to get out of the social networking sites and work on another part of your business.

This way you are in control and when you are working on the Internet you will focus on the task at hand.

Social networking is a great way to connect with people. By doing social networking you can find prospective clients and customers who are interested in your business.