Do you want to make money on Facebook? If yes, then Keep reading to find out how.
Facebook has over 2 billion active users monthly. This huge audience creates a large market that you can tap into to make money.
If you are wondering how you can make money using Facebook, then you’re in the right place. Facebook is a powerful platform that you can use to make money online. There are lots of methods that you can use to earn on the platform.
Unlike a website or an eCommerce store where you have to worry about traffic, Facebook has a large active user base. This article will show you how you can use the active user base to make money on Facebook.
Here are some of the best strategies that you can use to make money on Facebook:
- Affiliate marketing
- Facebook page
- Facebook Marketplace
- Digital marketing
- Build a list
- Sell products
- Publish sponsored content
- Advertise for brands
- Become an influencer
- Sell Facebook accounts
- Run a Facebook group
- Video ads
1. Affiliate Marketing
If you have many followers, you can place affiliate links on your Facebook group or page. Affiliate marketing is a form of marketing where you earn commissions for selling other people’s products. Whenever anyone buys a product via your link, you will earn a particular percentage.
You can make as much as 50% on some affiliate networks. Examples of businesses that pay affiliates include Commission Junction, eBay, Clickbank, Amazon Associate, and Share A Sale amongst others.
2. Facebook Page
Another method through which you can make money on Facebook is by creating Facebook pages. Most pages have gathered millions of loyal followers within a short period. If you have such a page, you can monetize it.
One of the methods of monetizing a Facebook page is by publishing sponsored posts while getting paid for doing so.
However, if you are just starting, you need to focus on what interests your audience and create content around it. To do this, find a good niche and gradually build your Facebook page.
You need to understand that building a successful Facebook takes time. So exercise patience while waiting for this to pay off.
3. Facebook Marketplace
Facebook Marketplace is a platform where you can buy, sell, and trade items with other users in your area. You can use Facebook Marketplace to sell items and make a good amount of money.
To be successful with this method, you need to get cheap items from suppliers and deliver them without any complaint.
4. Digital Marketing
Digital marketing on a platform like Facebook is a real deal. You can easily make money on Facebook via digital marketing.
To become a digital marketer on Facebook, you need to incorporate Facebook advertising into your marketing strategy. This technique will help you increase likes and drive more traffic to your website.
However, you can also do other digital marketing tasks without having much experience. Such tasks include moderating Facebook business pages, managing social media posts, and creating memes amongst others.
Since it is easy to manage social media pages, you can create more than 1 business page to make more money from Facebook.
5. Build a List
Another strategy that you can use to make money on Facebook is to build a list or a following. The goal here is to build a list of the audience that can buy your products or interact with your sponsored posts. Building a list will also help you generate leads.
As you already know, the money is in the list. In other words, the more audience you have, the more the amount of money you can make.
For instance, if you have an online course on real estate and have built a 200K following around real estate, you can publish a post that promotes your real estate course and reach these people.
Let’s assume just 1% of your 200,000 followers buy, that means you’ve made 2,000 sales. If the product costs $20, it means you will make $40,000.
If you don’t have your product, then you can use affiliate marketing. Simply find someone’s product to sell and earn a commission. Let’s assume the product costs $50 and pays a 50% commission, it means you’ll make $25 per sale.
6. Sell Products
Apart from selling another person’s products, you can also make money on Facebook by selling your products. Although it takes time to create and sell digital products, the profits will be 100% yours. You can also find those that will promote your product for a percentage.
You can easily create a digital product on a weekend. Your product must be valuable so that those you’re promoting it to will appreciate it.
Let’s assume you have a list of 200,000 and sell 1,500 copies of your product priced at $20, it means you will make a profit of $30,000.
Also, Facebook is a great platform for networking. You can easily find other content creators and connect with them to find out if they would be interested in your product. You can offer them a juicy commission while they do all the hard work of promoting the product.
7. Publish Sponsored Content
You might have a huge following on your Facebook page where you publish pictures of designer bags. You can get a deal with a company that sells bags to post pictures of their products.
Since you will be working with established brands with huge advertising budgets, you can easily make money from helping the companies to reach customers wherever they are.
To be successful with this strategy, you need to build a following that is focused on a particular product. This will go a long way in making it easy for you to promote products and also make money.
8. Advertise for Brands
This is similar to the strategy discussed above. Assuming you build a page that is focused on local events in your community, you can contact local companies to know if they would be interested in running adverts for their brands.
Since it takes time to build a large audience on Facebook, local companies will be willing to pay you to advertise for them.
9. Become an Influencer
Influencers are making lots of money on Facebook. Simply open a Facebook account and have a good number of engagements on your posts. The ability to generate engagements on your post will bring you closer to becoming an influencer.
While doing this, don’t forget the aim of your page which is to become a Facebook influencer so that you can make money on Facebook. You can do this with your Facebook profile.
As an influencer with a huge and engaged fan base, companies and individuals will contact you to promote their businesses. You can then charge them depending on your audience size and traffic and earn a good amount of money.
10. Sell Facebook Accounts
You can also make money on Facebook by selling Facebook accounts. This is an easy way to earn from Facebook. All you need to do is to create a Facebook account and attract followers to it. Once the account has lots of followers, you can put it up for sale.
Brands and marketers now purchase Facebook accounts to promote their services. Also, you can sell your old Facebook page or group if your audience is relevant to what your buyers want. Many online businesses need an account with a huge and relevant fan base to grow their business.
These businesses are your targets.
11. Run a Facebook Group
You can easily make money on Facebook provided you know what to do. A sure way to generate income from Facebook is by running a Facebook group.
To get started with this method, you need to create a Facebook group and make sure you have nothing less than 10,000 members and good engagement around a specific niche.
Ensure you keep members in your group engaged by asking them relevant questions, posting interesting images, and publishing valuable posts. You can then earn via paid surveys, sponsored posts, sales of your product or services, and affiliate marketing.
12. Direct Customers to Your Offline Business
Customers’ expectation from every business is that the business must have a Facebook page. This includes businesses that have physical locations such as retail stores, shops, restaurants, and lots more. It is, therefore, important to have a Facebook page that reveals your location, what you do, and the products you sell amongst others.
Also, you can include news of special events that your business is offering, such as sales and discount offers. For instance, you can post about a Black Friday offer at your store.
If someone asks a question or comments on your post, ensure you respond promptly. This way, you will be able to start a conversation with your followers.
The goal of this strategy is to increase the number of people that like your page so that they can see your posts. Whenever they see special offers they like, they are more likely to visit your physical location.
Make sure you keep your physical place of business in their minds so that they can visit you. You should also encourage your customers to like your page and also follow you on Facebook so that they will be updated whenever you have news, coupons, specials, and other updates.
13. Facebook Video Ads
You can make money on Facebook via Facebook video views. Facebook introduced video ads a few years ago. This avenue enables Facebook creators that create unique videos to monetize their videos by inserting ads on them.
As a video creator, you can monetize ads in the following ways:
- Mid-roll, and
- Image adverts.
However, there are some eligibility criteria as well as practices that you need to adhere to before you can monetize your videos. They include the following:
- You must post your videos from a Facebook page (not a profile) so that you will be eligible for InStream ads.
- The video must have more than 30,000 views per minute.
- Your page must have at least 10,000 subscribers.
How Much Can You Make on Facebook?
This depends on different factors, such as your marketing strategy. For instance, Facebook pages on electronics, insurance, and automobiles make more money than entertainment. However, they are not easy to grow.
Also, when selling your product, you will need more time to convince people to trust you and buy from you. So, it is not possible to state the exact amount that you can earn on Facebook. The actual figure depends on you.
Is it possible to make money on Facebook?
Yes, it is. The strategies discussed in this article are some of the easiest ways that you can use to make money on Facebook. You can lay your hands on any of them to start making money online.
How many views do I need to get paid on Facebook?
You need to have at least 30,000 visits per minute and at least 10,000 subscribers to your page. Your page must be able to receive payments on Facebook. This may change as time goes on.
How do I ascertain my eligibility for Facebook monetization?
To do this, go to Creative Studio and scroll to the Facebook section. Then go to overview, then page selector, and view the status of your Facebook page.
The above methods are the ways through which you can make money on Facebook. If you focus on any of these methods, you can be assured that you will make money.
If you’re thinking of the strategy to start with, I recommend you consider becoming a Facebook influencer. Apart from the opportunity to earn a lot from this strategy, you can also get started without spending any money.
Also, you can start with affiliate marketing. Instead of spending time on creating your product, you can just find other people’s products to promote and earn commissions. Your earning potential from this strategy is limitless.
I hope you found this post helpful.
Thanks for reading.