Who does not know about Facebook? Can there still be anyone who does not know what Facebook is? Based on a survey, there is less than 2% of the entire population in the world who do not know and cognizant of what Facebook is. And there is not even a single reason that one should not be familiar with such a multipurpose social media and money-making platform.
It is massive and the largest social media networks across the globe. It not only allows you to connect with different people living in different parts of the world, your family, and friends but also offers several ways through which you can make an enormous amount of money.
Even if you have only one item to sell or you own a big reputed business, anyone is capable of earning money from Facebook. You just need to create your Facebook account which will not take more than 5 minutes and this gigantic platform is waiting for you to make use of it to earn you some decent income.
You can also create a separate Facebook account or a business page to keep your business and personal account separate if you are planning to make money with Facebook. However, you can also keep one single or personal account for doing business if you are an individual seller.
What can you sell on Facebook?
You can sell a needle, pen or even a car on Facebook. That means you can sell anything and everything that means things you can buy in any local store without showing a doctor’s prescription or photo id. But to be precise and not to let you in the dubious state, listed below is the list of items you can’t sell on Facebook;
- Illicit drugs
- Real money gambling products
- Certain healthcare products
One of the most renowned ways that are common among many people to make money is to sell a certain number of likes with a price tag. The users who want more likes purchase and pay for per like on what they receive on your post. For example- If you want 2000 likes on your photo, video, or any other post, you can purchase 1000 likes and you can get it for $10. Many people are doing this business. However, It depends upon your Facebook connections and targeted audience.
How to Earn Money from Facebook
There are many other authentic and credible ways through which you can make money on Facebook by which you can earn a huge amount. Some of the ways that we are mentioning below may require some time and a small investment but trust us, they are worth trying if you want to earn money from Facebook:
1. Affiliate Marketing on Facebook
Affiliate marketing means you can promote your product, company, service, or brand by posting on your Facebook page or groups to your current Facebook connections. Just like renowned online merchants including Amazon, Walmart, BestBuy, eBay, and many others pay you to promote their products.
These affiliate market programs could also be joined by posting their content to promote these organization’s products on your Facebook page. You will make money with all the customers who approached these big brand online merchants and become interested to buy the product you mentioned in your Facebook post.
2. Sell products on Facebook
There is a great feature for the people who want to use Facebook as a platform to make money, of using a tab named ‘Offer’ which is featured by selling products, as shown in the picture below:
Now, you need to put your product’s link in this ‘Offer’ tab and give a coupon code to apply a discount on the product, for the buyers. You can also use certain other attractive offers like buy one get one offer or buy 2 get an additional 10% discount. Also, promote your discount offer with Facebook paid ads.
An affiliate link from any e-commerce site could also be used along with attaching a coupon code. At every product purchase, you will earn money through the affiliate. You can also put the paid links on Facebook with the help of these online merchants like Amazon, Walmart, eBay, BestBuy, or whichever suits you the best as a commission agent provider.
3. Create Facebook Content
You can create digital content with Facebook which can further be sold through various apps such as 22Social and many others. This content that can be sold includes audios, videos, and PDF files.
If you want to monetize your content using any social media platform like 22Social or any other, you can provide and attach a superlative online tutorial. To create this type of Facebook content, you need to have a Facebook page, a verified PayPal account, a 22Social account, and an account for digital hosting including YouTube, Google Drive, Vimeo, Dropbox, and SoundCloud.
4. Engage in Influencer Marketing
You can even become an influencer with your normal personal profile if you get bountiful likes and comments on your Facebook posts or updates you share. Even if you have a decent following of people and you have quite a lot of interactions with people, it is a very good way of earning money by signing up through an influencer account on fromote.com or blogmint.com.
There is a simple formula if you want to sell your products on Facebook which is mentioned below:
Be Authentic+ Be Useful+ Sell Occasionally = Huge Facebook Sales
Influencers will help you with this if you get engaged in influencer marketing. Influencers will provide you with authentic and useful content. Moreover, influencers will direct their supporters instantly to your fan page.
5. Sell the products from Facebook Fanpage
To earn money from Facebook, posting it on your public profile may not leave a powerful impact even on the potential buyers. But creating an exclusive page for the specific products or services you offer, will absolutely help you with increasing your list of potential customers. People will take you more seriously rather than checking your business posts in your public profile.
The most important thing to consider once you have made the page is to ensure consistency of your posts and the content on your Facebook page. You can schedule your social media posts with apps like HootSuite and Buffer.
6. Using Facebook Marketplace
Facebook Marketplace is a facility by the social networking website which is entirely free. It allows you to list all your products and services that you are dealing with and promote them directly to the Facebook community.
You can keep a wide range of products for sale on Facebook depending upon your location and the range of delivering those items to the buyer’s address. As a user, you can select a geographical area for which your products are available for delivery and display the goods for sale only for the ones near your place of delivery. You can earn additional money by posting spare products on your Facebook Marketplace.
7. Join Buy and Sell groups or Create your own groups to sell your products and services
You can even try selling your products or services on Buy and Sell groups on Facebook. These Buy and Sell groups may include a common core of members, which won’t make you suffer from people haggling your rates. Also just set the lowest price in your mind as you may get customers who will negotiate and there should be the last figure set in your mind.
If there is not any local group, you always have the option of creating your own group. You can add your contacts as per your needs and requirement.
8. Writing an alluring Facebook Post
You can write a post for selling your commodity to your current Facebook friends. You can include a picture of the item. Share that post with your friends, so that it can further be shared by your friends on their Facebook page. You can also use some of your friend’s posts (if they are also selling anything on Facebook) instead of going through the hassle of writing a post on your own (only if you find a good one).
You can also use messenger and follow up must be done through it. Along with posting it on your Facebook wall, also share the same post to your friends and groups on messenger. Keep a regular follow up and check if anyone responds. This lets you stay in touch with potential customers.
9. Selling your old Facebook account
You always have an opportunity to earn money from Facebook by selling your account. However, there was a time when people used to make more than 1 accounts. Those people used to sell their old accounts to the marketers who need the old account as marketers have the advantage of using those accounts for promotional purposes.
Likewise, you can also sell the old Facebook page or a group and you will be paid as per the contacts and the number of fan base linked to it.
10. Earn money through Facebook apps
You can develop a Facebook app independently and make ample money by becoming a Facebook App Developer. And when you develop that app you always have a scope of earning money by selling virtual goods of your own, applying for banner ads, and even from some gaming companies like Zynga, Popcap, EA, etc.
11. Become a freelance Facebook Marketer
If you can create Facebook-friendly content featuring the customer-oriented approach, you can easily become a freelancer Facebook Marketer. It is just you should know how many words of the post involve how much customer engagement and what type of content works better in which situation. For example- Facebook posts of 50 characters get more than 90% of recognition and engagement, the only thing is you need to be assured of this calculation and figure.
You can become a Facebook marketer by analyzing Facebook stats and if you are competent in making marketing strategies and decisions.
12. Facebook Ads and
Using Facebook ads is a comprehensive social media giant for individual and corporate users. You can target a specific group of people based on various factors such as location, age, and other parameters. You can make lots of money by advertising through Facebook Ads if you have a small home-based business. You can opt for a paid package for Facebook Ads as per your usage and your target clients.
You also have an option to use a service like Flourish with Facebook Ads. It will enable you to bring more clicks the first time. This works when you update any post on your page. You always get an option, which is ‘Boost Post’. When you will click this, you will be redirected to the ad creator tool. There are 3 tools which should be given much consideration-
- Objective- To confirm whether you want to make sales and interact with your audience?
- Audience- Do you want to target a particular group of customers or audience?
- Budget- How much are you ready to pay for promoting your product or service?
13. Direct Advertising
You can also go for direct advertising on your Facebook page or profile to draw the attention of more customers. These advertisements can be related to class fields, products, employment, and services. Not only a small business, but many big scale organizations are also pondering as using Facebook as a forum to post their advertisements.
14. Earn Refer-a-Friend Bonuses
Word of mouth is one of the most effective ways of advertising your product or service. It is the best way to earn if you are using an online service and you want to share it with your friends because of the referral bonus you are earning from the online service provider. These service providers priorly know about this fact and that is the reason they offer the referral bonus to the customers who join their service. You can click the social media share buttons and send email invites to share your referral link. If your friend signs up, you will earn a bonus.
This referral bonus can be in the form of cashback or super cash for the online financial service provider platforms like Mobikwik, Freecharge, and many others, which can further be used for several purposes such as online shopping on selected websites, doing recharge, making bill payments, etc.
You should always remember, Facebook is a part of the strategy, not the whole strategy. Although, it helps you to make new connections and help you grow your network. It does not mean that you do not need to talk with people over the phone, face to face, at events, and perform necessary actions that you were doing earlier to run your business and earn a living.
We hope you can use this guide to earn money from Facebook but if you still have queries or suggestions then feel free to reach out using the comment section.
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