Facebook is the world’s largest social networking site. Anybody can earn money on Facebook, regardless of whether they have a full-fledged business or just one item to sell.
As Facebook has grown, it has become a competitive home for marketing and making money. However, it is common for beginners to misuse Facebook strategies. These people are either learning these strategies from Fake Gurus or not understanding the process.
In any case, selling stuff on Facebook is the primary source of income on the social media platform. You can make money by either selling a product of your own, or you can become an affiliate for someone else’s product.
Affiliate marketing is a good option for beginners who don’t have their own product to sell.
Well, these are just two of the many ways you can earn money on Facebook. In this article, you will find out all the different ways you can make money on the platform. But first, what are the things you should do to set the tone for making money on Facebook.
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Making Money on Facebook: What You Need to Do First
You cannot earn money on Facebook in an overnight miracle, nor is it an easy, straightforward process. However, even if there is no financial investment required, you need to put in some energy, diligence, time and be dogged to earn money.
Here are the first steps you should take:
- Develop an extensive network of friends
There is a 5000-friend limit on Facebook, so we recommend exhausting the list. Five thousand friend requests will be difficult to send and respond to, so be committed to your goal.
- Create a Facebook page and get a lot of likes
The process of creating a page is simple, and it can be done in about 10 minutes. It is, however, more challenging to get people to like and follow it. Pages with buzzing activity are followed by people without being asked. It is therefore crucial for your page to have solid content and to be engaging.
- Create a group and grow the members
Next is to create a Facebook group and add as many friends as possible to it. A Facebook group’s most significant advantage is that its members can run it. While it is not necessary for you to constantly post updates, you should maintain the group’s quality by removing spam.
It is important that every post on the group is approved before it is displayed. Followers are always drawn to groups with good content.
To earn money on Facebook, the three steps above are necessary. As a result, you have created a niche for yourself with many regular followers in addition to the audiences that now follow you. All of these are pretty important in making money on Facebook.
Can you sell anything on Facebook?
Not really. Facebook has some exceptions to things you can sell on the platform, and they include:
- Alcohol
- Firearms
- Illicit drugs
- Tobacco
- Real money gambling products
- Animals
- Some healthcare products
Facebook prohibits the sale of products that fall in the above-listed categories for some legal and moral reasons.
7 Ways to earn money on Facebook
- Develop an app
You could create an app for Facebook if you have an idea for one. You don’t have to be a developer or programmer to do this, as you can hire them to help develop your idea into a Facebook app.
As a part of their college assignments in 2007, a group of Stanford students designed Facebook apps that ultimately made them millionaires. Therefore, get inspired and unleash those creative juices you’ve got!
- You can sell products on Facebook Marketplace
The Facebook marketplace was launched in 2007, and it’s like a virtual garage sale where you can buy almost anything for a few bucks. It is possible to list anything for sale or purchase and then wait for offers to come in. In addition, you can also search for potential buyers or sellers in your friends’ networks.
No matter what you want to sell, whether it is that dress you never wore again for an office party or a collection of romantic songs, some buyers will definitely be looking at it.
- Social media influencing
Having the habit of sending friend requests first and getting to know people later can be very useful here. In other words, you make friends effortlessly and post consistently in a niche.
To get their products out there, companies are always looking for social media influencers with huge followings. If you have a Facebook page with a relatively high followership, you could help businesses promote their products and services on your Facebook and get paid for it. Apparently, the larger your network on Facebook, the more money you can potentially make from this on Facebook.
Also Read: How to Identify the Right Influencer Marketers for Your Brand
- Enter contests
By sharing your link on Facebook or following the Facebook page of certain companies and blogs, you will earn entries for their contests. Also, you can join giveaways and contest groups for the latest opportunities.
Many contests are free to enter, so the only thing you must provide is your time. The prizes vary from giveaway to giveaway, but you might win prizes as big as a car, as small as an Amazon gift card, or even a recharge card.
- Affiliate marketing
Affiliate marketing and social media influencer marketing are pretty similar. As an exception, you have to choose a product or service from an affiliate network that your friends are likely to find interesting.
This is how it usually works. You will get a link from the affiliate marketing website and post it on your Facebook wall. The link will have a unique code and your affiliate ID. Hence, whenever someone clicks on the link and purchases on the website, you get a commission from the company.
- Earn refer-a-friend bonuses
Are there any online services that you absolutely love and want to spread the word about? One of the most effective forms of advertising is word of mouth. Because of this, companies offer referral bonuses when you invite friends via social media.
Share your referral link with others by sending an email invitation or via social media sharing buttons within your account. You get to earn a cash bonus if a friend signs up through your referral link!
- Sell likes and shares
That’s absolutely right. It’s relatively new, but yes, you can now sell shares and likes on Facebook. Though the amount per like or share may not be all that, it’s something, and it increases depending on how much you are willing to ‘work’.
Businesses who want their products to appear more credible buy ‘likes and shares’ from genuine Facebook profiles. According to the logic, a Facebook page with several likes and shares gives buyers more confidence in the brand.
Conclusion
There are many ways to earn money with Facebook, and this is merely a small list. The best part is that everyone can find something they enjoy. Facebook will become even more important to us in the future as the digital divide between people closes.
Do you have any experience making money through Facebook? Tell us about it below if you have.
