I am continually fascinated with Facebook and am still trying to figure out an effective way to promote a business that is not event-based through the system.

I have tried posting links to my profile, creating items in the Marketplace, and expanding my network of friends. While it has yielded some results and click-throughs to my my website, it has not been a very effective use of my time compared to other initiatives I have on the go.

Last night I created a new group on Famous Entrepreneurs. I have not promoted it to my list of friends yet because I am wondering how many people will sign up for the group on their own through the Facebook network. I woke up this morning to find that we have 4 members, 3 discussion posts, and 1 wall post. It will be interesting to see how the growth continues.

What I wanted to ask you today is should YoungEntrepreneur.com create a Facebook group? If you type in Young Entrepreneur into the Facebook search tool you will find 113 related groups (while I was writing this post a new group was added so it is up to 114 now). Most of them have very few members and do not keep their group up to date.

Is there room for another group for Young Entrepreneurs? What kind of information would we put in the Facebook group to make it worthwhile and not just another group that dies out? Would this be a useful resource for you or are you not that into Facebook groups?

I would love to hear your thoughts!

Evan Carmichael