How to Earn Money on Facebook in 2018
Facebook is not only for socializing. You can also make money out of Facebook!
Yes, you heard it right! Earning while socializing, does it not sound the coolest thing you might have wanted to hear all this while?
Many of us know about the different ways, but never really gave it much of a thought. Meanwhile, there are some who are absolutely unaware of it. But the truth is, Facebook can support you economically and provide some source of income, doing either part time or full time.
(Also read about - Success Stories of These 11 Women Entrepreneurs)
What’s even impressing is that some of the ways to earn money on Facebook, does not involve any investment.
If you can do it from your personal account, not only you get to earn money but also if you are a passionate plus creative video maker or content creator, Facebook and other business will welcome you with open arms!
Want to know more how Facebook can practically serve your monetization needs, read on to see how one could earn money on Facebook in 11 different ways:
#1. Become A Freelance Social Media Associate To earn Money
Social media associate is a new type of job profile floating in the market currently. Just like there are born dancers, singers there are some people who are born with a talent to advertise things with a unique set of content.
Nowadays, when different MNCs have positions for this role, even small scale businesses need social media associate. So that the designated person can make the presence of the brand more prominent on the platform where there is a huge number of users daily. You can start with one or two clients, making their pages look attractive, filled with consistent and creative contents, articles etc and gradually grow your circle.
(Also read, How to create an Impressive Freelancer Profile)
#2. Make Money On Facebook With Affiliate Marketing
We know some Facebook users who have more than 10000 people on their Facebook page/Group. And if you are one of them then, you can post your affiliate links and earn a commission if someone buys a product/service through your link. This is exactly how affiliate marketing helps you earn money through facebook.
Wondering if there are any good affiliate marketing programs out there?
Well, of course, there are much more than you think! All you need to do is join and promote their products so that the viewers buy it. There are few programs like Shareasale, that give more than 50% as referral commission for the purchase of some selective products. Moreover, you can also sign up with some good affiliate programs like Amazon Associate, ClickBank, Share a sale, eBay, Commission Junction. Here you need to find products on these programs, get the affiliate links and post on your page/group with suitable description.
#3. Become a Facebook Influencer To Earn Money
To understand this method better, let us understand how this works. Imagine a company that is in desperate need of viewers. The advertisements go in vain after some point in time. But if you consider an influential person with loads of friends in his/her list, who is a social media freak and every post of his/her has a decent amount of likes and shares, it shows that people follow him/her actively. Now if this person starts promoting a particular event, product, app, institute or even gyms, don’t you think it would get a lot of views?
This is one of those ways, wherein you use your personal account to earn money. Alternatively, if you have a massive fan following and you regularly interact with them through your personal profile, then you may want to make money by signing up through an influencer account on blogmint.com or fromote.com.
(Also Read about 13 Work From Home Jobs without Investment)
Once you sign up there, you will be asked to fill a form where you will enter your profile information. You can also fix the price as an influencer. For instance, you may charge 2,000 rupees per facebook post giving emphasis to a particular brand.
So now you know, how you can earn money by being a social media influencer or to make it sound even more sophisticated, a social media ambassador!
#4. Sell Your Own Product On Facebook
Under this option, you can sell your products, promote them yourself, invite friends to like and buy and do everything that can drive your business to its best!
The creation of a Facebook page is another very fruitful way of selling your products on Facebook. They have a “Store” Feature that helps you create stores, upload your products details like prices, features.
Additionally, the chosen product can also be added in the cart and the user will be redirected to a payment page. Nonetheless, this process requires some technical knowledge. But if you can use E-commerce builder software, it will make the entire process easy. Also, you can interact with the customers through the instant messenger service available on Facebook.
This feature is not limited to sell products only, it can be very effectively used for services like photography, wedding planners, event managers, makeup artists and what not.
#5. Sign Up on a Facebook PPC network And Earn Money
PPC network stands for Pay-per-click or Cost per click (CPC). It is an internet advertising model. PPC network is used to direct traffic to the desired websites in which the advertisers pay to the publishers when the ad is clicked.
All that you would need to do is to sign up on the networks (namely Viral9, Revcontent etc), you will have to share their content on your Facebook page and ta-da earn money!
A cherry on the top would be if you have fans, friends, followers from countries like USA/UK/CANADA etc then you can earn really good. If you want to learn more on the technical font, google about the PPC networks that work for Facebook.
#6. Propose Promotion To Smaller Facebook Pages
That is such a sweet gesture, isn't it? Helping the young or newcomers on board with some limelight, but this can also be used to earn an extra penny.
If you are an established Facebook Page holder, who has an immense amount of followers, you can propose the smaller page owners about your service.
It would be a win-win situation as you will earn extra and the smaller page holders would get a good amount of share of views and subscribers!
#7. Drive Traffic From Facebook To A Website
Thanks to the intelligent algorithm that the Facebook geniuses have pre-designed. The attempt to show the suggestions, advertisements or information that the user might be interested in, never goes in vain. And bingo, that is where you pitch in!
Say you have a travel blog or a consultancy, which needs some visitors. Facebook can be an easy way to get some traction. Just paste your website's link and build some engagement around the topic. This will encourage people to click on your website URL.
For increasing the traffic to your website, you need to maintain the consistency as well as creativity that keeps the users amused and waiting for more. Later once you start receiving a substantial amount of traffic on your webpage, you can convert it into money.
If you go a step ahead, you might want to monetize the website with Google Adsense or any other Ad network and earn more money.
#8. Using Facebook to Generate Leads And Earn Money
Business development or lead generation can be done extremely well form a social media platform like Facebook. The person needs to include useful content to engage the users and then include links to the website.
It’s crucial that you give the viewers some incentive to sign up, like a free ebook or some points that can later be used as cash back. Facebook also helps you to include an email opt-in form directly on your Facebook page.
Make a point to go out to fan pages or Facebook groups that are in the relevant industry and start posting. This way you can fetch in more people to your page or directly to your website or landing page. An enjoying and a good networking session work miracles sometimes in this case. Once you manage to get these people on your email list you can then continue to send them offers as well as useful content like a newsletter.
This is how you will gradually start to generate leads for your or the client's business. There are a couple of other ways to do the same, maybe we can see them in an elaborate form in some other article.
#9. Become a Facebook Group Manager
You might ask, what is that?
Well, this again helps those who have managed to create a group of friends (a lot of them) on facebook. Here it is not only about friends but also about the like-minded people driven for the same cause. Now once you have created a Facebook group, what to do next?
There are several ways you can start,
- Try to make a group of people more than 10K.
- You can post information about different clients into the group so that this post directly goes to all the member's inbox.
- This way you can seek for an advertisement payment form the client.
- If you own the group keep the members excited with small quizzes and events so that the enthusiastic interaction happens for at least some hours a day.
- It is said when a Facebook group is run correctly, it becomes the cornerstone of your success.
- Sell, resale, act as an agent, refer apps and get bonus points or cashbacks.
#10. You Can Also Make Money By Selling Likes and Shares On Facebook
Although this is a very debatable way to make money using Facebook as some people deem the system as illegal, there are some forums that support making money with Facebook Likes. Nonetheless, there are several marketers pay to send a Facebook page to your ‘friends’.
The question that arises is, why would they do so? This is because, in order to increase a product’s credibility, businesses buy ‘likes and shares’ from authentic Facebook profiles. They do this because when a product or service gets the maximum amount of ‘likes’, it naturally builds the trust factor amongst other potential buyers.
Once the facebook page is sent, your friends have to click the ’like’ button on that Facebook page. People charge as much as US$ 70-75 to give 1,000 likes for any given Facebook page while others advertise the service on sites like Fiverr.
#11. Develop a Facebook App And Earn Money
If you are a hard core techie and development gives you a big time high, then definitely this is your thing.
You should know that you have two alternatives to earn money using Facebook apps,
- In app purchases
In-app, purchases are considered the top revenue source for any app developer till date.
You need not start with any complex app like candy crush but can surely start off with some simple apps based upon an idea like Instafit, TimeEgg Timer and so on. You can go to this link → Advertising Providers on Facebook Platform for App Developers and read about what Facebook has in store for the app developers. You will find a big list of advertisers, who would support your development efforts.
Over To You
Even though Facebook is one of the best social media platforms in today’s world, don't forget the fact that your success through the Facebook page is directly proportional to various factors such as,
- Niche of Your Page,
- Targeted Audiences,
- Geographical location of your fans/followers/friends etc
One should also remember that Facebook is part of your marketing strategy, not the whole strategy. The age old method of a need to talk with people face to face, over the phone, and at events, still, are not ruled out and will never do. Also, making money should never be the sole intention in any business, you should also seek for satisfaction from the work you do.
So how are you planning to earn money through facebook?