For a connected graph G, we derive tight inequalities relating the smallest signless Laplacian eigenvalue to the largest normalized Laplacian eigenvalue. We investigate how vectors yielding small values of the Rayleigh quotient for the signless Laplacian matrix can be used to identify bipartite subgraphs. Our results are applied to some graphs with degree sequences approximately following a power law distribution with exponent value 2:1 (scale-free networks), and to a scale-free network arising from protein-protein interaction.