The Facebook is a money-making machine only when you know the proper utilization of it. Facebook is the most popular social media in the world with its overcrowded audience. That’s why there are so many ways to make money with Facebook.
You can make money using Facebook by building a large number of followers, selling products or services, and promoting any sponsored content. The number of Facebook followers creates your value. So the more followers you have, the easier it is to sell products or services and monetize your content.
Just imagine, you have a huge number of Facebook followers and are able to make money on demand.
In this article, I’m going to show you how you can make money by using Facebook. I will show you some special features and give you some unique ideas to start your work on Facebook. If you are a hard worker, it will be easy for you to start making money from Facebook.
8 Easy Ways to Make Money with Facebook
Facebook Video Monetization:
I hope many of you already know about the YouTube monetization service through Google AdSense. Facebook video monetization is quite similar to that. But it’s easy to generate more money from Facebook compared to YouTube.
Many people use adblocker extensions to block ads on websites. It also worked with YouTube ads but not with Facebook ads. Besides this, Facebook videos get more views than YouTube. So you can easily understand how much of an advantage you take from Facebook compared to YouTube.
Facebook generates a lot of ways in which to monetize videos and earn a handsome amount of revenue as a Facebook content creator.
Recently Facebook launched 3 new updates on video monetization policy and ad revenue.
The latest updates include:
- Revenue earning from reels or short-form videos.
- Expanding eligibility to more Facebook video content creators.
- Make it easier for Facebook video creators to earn money from audience or viewer donations or contributions.
The Facebook video content creators are now able to monetize their videos from Facebook page and there is a separate category for separate types of videos. After the latest update, Facebook will show specific ads for specific types of video content and the revenue of content creators will be increased.
Become a Social Media Manager:
The term Social media manager is technically classified as virtual assistance. There are so many people who are too busy to handle their social media on their own. So they hire a social media manager to hand in their social media profile. It may be Facebook, Instagram, Twitter, LinkedIn, or others, if you are an expert on those there have a chance to hire you.
The average salary of a social media manager is $45K per year. There are still many companies that don’t want a full-time hire. You can offer your service on a freelance basis or direct proposal via email or phone call. There are so many freelance marketplaces where you can find your perfect client.
As virtual assistance or social media manager, you are in charge of everything that goes on in your client’s social media profile.
You can offer your clients these services:
- Create social media profile
- Boost social media profile
- Creating images for social media
- Responding to comments
- Give reactions to others post
- Scheduling out content
- Crafting posts and curating content
After all, everything’s up to your client and you. You can make a stable income every month from clients when you are working according to your client’s wishes.
Affiliate marketing is the process of promoting someone else’s service or product for a percentage or commission. You can earn a percentage of the sales price of the service or product as an incentive to stimulate or promote the service or product. If you have a huge number of followers on your Facebook page groups, then you can promote your affiliate product or services and place affiliate marketing links on the page & groups. Some affiliate markets provide as much as 70% per sale. I suggest some businesses register for are Amazon Associate, eBay, ClickBank, CJ Affiliate, Shae a Sale, Commission Junction, etc.
Promote Your Products & Services:
Facebook is one of the best places to find huge customers. Because Facebook has a vast number of users. So this is the best place to promote your products or services.
Erica Krupin, who succeeded in business by promoting her business through Facebook, was starting her pet waste removal business with the promotion through Facebook. At the initial stage, she posted her business ad in dozens of local groups which are trade/buy/sell categories. That was an excellent decision and by that ad Erica was getting hundreds of messages from people, most of them asking about the cost of the service. Erica probably made $5K-$6K from that ad post.
Drive Traffic to Blogs:
I have already said that Facebook is a place for a vast number of people. So you can easily create traffic for websites or blogs at a cost. If you have a Facebook group or page with a large number of followers then it will be easier for you. It’s super easy to work. Just placing a link to the website or blog and urging your followers to visit the website or blog. Once they do, traffic will increase on the website or blog and you get paid.
If you have a website or blog there is another option for you. You can earn money by using Google AdSense on your website or blog. You can place your website or blog post links to your Facebook page or group and drive a decent number of traffic to your website or blog. By doing this the earning from Google AdSense will increase.
Hosting Events on Facebook:
Can you imagine you can earn money by hosting events on Facebook? Yes, it’s possible!
It may be an in-person event like a get-together, meetup, or a small workshop, or it may be a valuable webinar or online training delivered through Facebook live. You could market the event via Facebook’s Events toolkit. They will allow you to show RSVPs (if you want), collect payments, and invite your audience or connections.
Crowdfunding on Facebook:
Crowdfunding is not a new concept. I think most of you have already known about it. The difference is that you have to do this on Facebook.
There are so many crowdfunding sites. Just Google it and you find a lot of sites and crowdfunding strategies. You can try these two sites:
- Go Fund Me
If you need to raise money and people think you really need money and there may be a justifiable cause then they can contribute. Those sites cut some commission from the money you collect via crowdfunding. If you have a worthy cause, it is maybe a viable option for you, otherwise don’t try to do that. Because too often it could look like you are spamming your own family & friends.
Sell your Facebook Page or Group:
Although it seems odd, people generally create and grow their pages & groups to do something else and make a handsome amount of money. You can either do those or sell off your Facebook pages & groups if the money earning process does not work or you don’t have enough time for doing that. However, I recommend you to keep doing these. It needs patience. You can not start making money just in a single day.