How would social networking generate money short subscription, adsense, the like? Just plain social networking
Answers:
Here are some philosophy:
Charging for widgets.
Designing template and selling them from the home page.
Affiliate marketing through companies close to Commission Junction.
Requesting donations from the home page.
Selling mail list of your users matched next to what they are interested in (power of the database).
Using the skills you bookish creating your free website as a platform to produce other websites (web nouns business).
I hope that help.