Tips on Creating a Social Network for Online Business? Need Your Help!

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I believe that most people on myLot often spend much time on Facebook, Twitter and other social network sites. In fact, I am a heavy user of Twitter too. But when it comes to online business and social network, I have no experience and need your help. Nowadays, social networks have proven the effectiveness in online marketing and brand promotion through all these years. The use of the social networks in the election campaign by President Barack Obama has revealed the reach of the promotion through the social networks. Now, one of my friends advise me to help him sell some products online, So, I am planning to attract people on these poplular social networking sites. But I am still not familiar with the steps. So, here, friends in myLot, do you have some experience on social network for online business? Waiting for your reply. All responses will be appriciated.