1- Stars: Stars are a virtual asset that allows you to earn money and interact with followers. Meta pays 1 cent or more for each star you receive.
Qualification - Have 1,000 followers for 60 consecutive days.
2- In-stream ads: Small ads you can include in your uploaded videos to earn money.
Qualification - 10,000 Followers, 600 thousand minutes in videos in 60 days, and 5 active videos.
3- Subscriptions: Create a subscription for your Page and earn a monthly income. Choose a monthly price, offer exclusive benefits, and grow the community of people subscribing to support you.
Qualification - 10 thousand followers or 250 returning viewers AND 50,000 engagements with the publication OR 180 thousand minutes viewed
Facebook is a social media platform with over 2 billion monthly active users and has become one of the largest social networks on the planet. Facebook's success is largely due to its ability to create a platform that allows people to connect and share their lives with friends, family, and followers.
Facebook is also big business. Facebook reportedly earned about $27 billion in 2018 alone. If you're looking for ways to make money on Facebook and other social media platforms, keep reading because this article will show you how!
People worldwide are using Facebook and other social media platforms as an opportunity to make money. You can do this by becoming an influencer or by advertising your products or services.
In this article, we'll show you a step-by-step process on how you can set up your foundation and start making money on Facebook.
How can I start making money on Facebook?
Making money on Facebook isn't a simple process, nor will it happen overnight. In fact, you don't need any upfront investment to start earning with Facebook, but you will have to invest your time and focus.
So, to start making money on Facebook, you'll have to do the following to establish your base:
Choose a niche: First and foremost, decide which niche you'll be working in. The most profitable niches are Online Marketing, Health and Fitness, Love and Relationships, Spirituality, and Pets.
Create a Facebook page with a good number of followers: You'll need to build an audience base for yourself, so you have a audience to engage with and try to sell your products or services to them. Therefore, make sure your page has good, engaging content. People follow busy pages without being asked.
Create a group and grow your member database: Create a ground and add as many friends as you can to it. The best thing about Facebook groups is that members can also administer them. You don't need to post updates every time, but it's highly recommended that you maintain the group's quality by keeping it as spam-free as possible.
The points mentioned above are very necessary to start your journey of making money on Facebook. This will create a niche for you with many active followers and audiences who follow you. This is the key to making money.
8 ways to make money on Facebook:
Drive traffic from your Facebook page to a blog
Start Affiliate Marketing
Start Facebook marketing through influence and marketing
Post videos on Facebook
Sell your products on Facebook
Influencer marketing on Facebook
Have people pay for sponsored likes and shares
Add a paid subscription to your page
1) Drive traffic from your Facebook page to your blog:
If you have a Facebook page or group with many followers, you can easily create traffic to your blog. All you need to do is put a link to the blog and encourage your followers to visit the page. This will increase traffic to the blog. You can also put links to other people and get paid to drive traffic to their blogs as well.
2) Start affiliate marketing:
Once your Facebook page or group has a good number of followers, you can sign up for Amazon Associates, ClickBank, Digistore24, JVZoo, WarriorPlus, etc.
There, just select the product for your niche and start posting one or two affiliate marketing links per day. If someone clicks on these links and purchases the product or service, you'll receive a certain percentage of the price as commission.
Note that all product commissions may differ from niche to niche and which platform you are doing this from.
3) Start Facebook marketing through influence and marketing:
The more followers you have, the more digital marketers and companies will contact you for paid advertising. You just need to post the product on your page and start making money. But remember, the more followers and likes your page has, the more money it will offer you.
4) Post videos on Facebook:
Facebook videos are very similar to YouTube's. You can upload videos and earn money with them through in-stream ads. The good thing is that you can create videos for your own business and host them for free as well. But you have to make sure you are eligible for this.
5) Sell your products on Facebook:
This is basic marketing. The more followers you have, the more potential customers you can reach, which means you'll have more chances to sell your products. Alternatively, you can open a store on Facebook and run it as an e-commerce (keep in mind you'll need a certain level of knowledge about e-commerce websites on Facebook).
6) Influencer marketing on Facebook:
Influencers are individuals who have accumulated followers over time. Many organizations are always looking for such individuals to promote their brands or products.
So, if you can establish yourself in a niche with authority and earn the trust of the audience, you can charge organizations that want to use your influence to promote themselves. You can do direct promotions and sales or brand endorsements for a lot of money.
7) Have people pay for sponsored likes and shares:
Today, people look for many likes and shares on their posts or videos. With your large customer base, you can easily help them achieve this. Just post their links in your group. The more you can provide, the more you can earn.
8) Add a paid subscription to your page:
You can generate consistent monthly revenue with fan subscriptions. If you have a large number of active followers, you can provide them with exclusive content and benefits. But for this to work, you must submit your page for review before officially activating your subscription offer.
Conclusion:
Making money on Facebook is not easy, but if you work diligently and focus and follow the advice given in this article, your hard work will pay off in the end.
Some may start earning in a short time, while for others, it may take some time, but if you don't give up and continue your hard work, you'll eventually succeed.
Many have done it before you, and many are still doing it. The most important thing is whether you're interested in it or not. But who doesn't like to make money passively, can also do it on Facebook without any monetary investment, but invest your time.
Here are two great sites to optimize your followers.
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