Facebook as we all know have a huge user base but, modest revenue. There are a few things I can think of very quickly which Facebook can implement to allow them to increase their revenue rapidly and become a “cash cow”.

Advertising is a method which may eventually work, but so far social networks are proving ad-resistant.  However, a couple of well-placed sources have told us that Facebook Officials have been debating the introduction and merits of creating a PayPal-like system which allows users to buy virtual goods and other goods. Our sources and a couple of useful clues have also said that there could a possible launch at Facebook’s f8 developer conference.

Another factor which could show that they are implementing such system is that we’ve had several reports from our readers, who use Facebook and have told us that they’ve seen what appears to be a ”secure” version of the site - which is using SSL (Secure Sockets Layers) encryption. This encryption method is often used by sites which, collect payment information from users and it seem to make sense that Facebook are using SSL for this reason.

However, although Facebook are playing with SSL it doesn’t actually mean they will be implementing a paypal-like system any time soon.

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