I have been using Facebook for several months now to generate leads. Facebook has an advanced profile search tool that allows you to search all members within your region based on criteria in their profiles. That is a great way to network with your target market. Facebook also helps overcome the "know you, like you, trust you factor" that is necessary to turn online friends into offline business transactions. I put together several free videos on YouTube that go into more detail. http://www.youtube.com/facebook4business
If you have a Facebook profile, add me as a friend and let's network. http://profile.to/chrisrecord
I would love to hear from everyone else that uses Facebook to see how it has worked for them as well.

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