I am learning about myspace traffic, how to create friends and so on. However, I am not sure what should I be promoting here. What would you recommend? thanks
If you do not want to loose your friends then it is better to not promote anything at all. Unless you already bought some product that improved your life and you belive it will enhance your friends lifes as well, then go for it.
You may want to read the following blog post: http://www.doshdosh.com/myspace-marketing/10-ways-to-make-money-with-myspace/ It contains a list of Myspace-friendly sites that you might try to promote.
Do you own a Myspace resource site or are you referring to the friends that you have on Myspace? If you have a lot of Friends I would sell some comments.