There are certainly other ways to make money from Facebook by which you can earn much better amount. Although some of them require initial investment either monetary or time but you will get a lot of money in return.
You may not think of Facebook as new and edgy anymore. But you can’t deny its popularity. There are more than 2 billion monthly active Facebook users, with 1.37 billion actively using the social network every day.
It is no surprise, therefore, that many people and businesses try to earn money from Facebook. With such a vast potential audience, it makes good sense.
It can be challenging, though, to make money on Facebook. Because of Facebook’s sheer size, it can be challenging to stand out from the crowd. This is particularly the case now that Facebook only shows a selection of posts in a person’s feed. In fact, is it probable that the statuses you lovingly craft and upload to your business page will reach no more than 2% of your followers.
Businesses always have to bear this in mind. It will always be easier for people to spread their words on Facebook than it is for companies.
But it is not quite as clear-cut as that.
If a person only has a small number of Facebook friends they will be unable to spread the word very far – unless they are able to share content so profound that people share it multiple times over, and it becomes viral.
On the other hand, if a person can attract a considerable number of supporters and then engage with them on a regular basis, they will find that their posts will appear in many people’s feeds.
So the best way to ensure that people hear what you have to say is to build your support base up to the extent that they consider you an influencer. When you reach that point, it is easy to make money on Facebook.
Facebook is primarily a social network; an online place where people can hang out, socialize and share things of common interest. This is one of the reasons why it gives posts from someone’s personal account a higher weighting than posts from a page.
The monetization of Facebook pages has always been the classic approach to establishing a business presence on the platform.
If you want to earn money from Facebook pages (yes, you can have more than one), then ideally you’re going to have a little investment capital.
But if not, here’s a few popular ways you can monetize Facebook pages:
Drive traffic to your blog by posting helpful and relevant links from your site, where you have relevant offers in place, like your own courses or Google AdSense banners.
Sell your own products. (You can do this easily by setting up a Shopify store directly on your Facebook page).
Sell affiliate products.
You can earn money by becoming a Facebook app developer. Or, you can develop a Facebook app independently. In your app you can earn money by applying for banner ads or you can sell virtual goods of your own or from some gaming companies like EA, Zynga, Pop cap etc.
You can earn money by selling your old Facebook accounts. Earlier it had become a trend to make more than one account. But now marketers are buying those accounts for their promotional purpose as Facebook gives more weightage to an old account.
You can make a Facebook group. Try to make a group with more than 10k members and a good engagement in conversation around a niche. Keep the members engaged with relevant questions, blog posts, images, polls etc.
A Facebook user can select the geographical area from which they see products for sale. For instance, you can set it to display goods for sale within a fixed distance of your home. You can also filter by price.
You could earn some money by placing your spare goods on the Facebook Marketplace. You may have to enter into negotiations with people, so be sure to keep in mind the lowest price at which you are willing to sell.
Similarly, there Buy and Sell groups on Facebook in most regions. You can make posts selling your spare goods in these groups. They often have a common core of members, and therefore suffer less haggling from people trying to get a bargain.