Facebook has been ruling over the social media world for a decade now. With 2.93 billion monthly active users, it’s unbeatable in stats and unmatchable in the fan base. Also, it allows users to generate some passive income should they learn how to make money on Facebook. Believe it or not, people have been using Facebook as a side hustle for a decade now.
Many influencers and public figures make thousands of dollars on this platform through brand deals and media takeovers. Not to forget, brands and small businesses use Facebook’s massive audience to increase revenues. Currently, more than 200 million small businesses are using Facebook to bring in more customers.
So, if you are in the mood for making some cash while surfing Facebook, you’re in the right place. We are about to lay out an elaborate plan that you can use to generate revenue on Facebook. Just follow these simple tips and tactics, and you’ll be loaded in no time.
The Basic Tips Before Making Money
Before we cut to the chase and talk about ways of making money on Facebook, here are some tips you should know.
1. Create a Facebook Page
A well-developed Facebook page can be pretty helpful when it comes to generating revenue – the focus being on “Well-developed.” You need to make your personal Facebook page and get tons of followers to make money through it.
But how can one get enough followers on their Facebook page? Keep reading, and you’ll find the answers in the following subheadings.
2. Make Great Posts
You must upload great content if you need more followers on your page or profile. No matter what you post, make sure it’s aesthetic and high-quality so the audience gets memorized. Also, always upload posts related to your niche, so the audience can interact with it.
3. Set a Goal
You can’t blindly jump into the competition and start chasing likes and followers on your business page. It would be best to set goals and tactically proceed according to them. For instance, you can divide the goal of achieving one thousand followers into ten milestones of a hundred.
This will make it easier for you to achieve the goal and keep track of your progress. Also, smaller milestones keep you consistent and focused on the bigger picture.
4. Build Your Audience First
Running and establishing a Facebook page is almost impossible without a dedicated fan base. You must focus on building your audience so that when the time comes, you have enough followers to generate revenue.
12 Best Ways to Make Money on Facebook
1. Sell from the Facebook Fan Page
Put your well-developed fan page to good use and sell your products or services on it. Squeeze in the promotional content between the fan posts to tell the audience about your business. This tactic works better if your business is similar to the nature of the Fan page.
For instance, if your page is about pop music, you can sell merchandise from different pop bands. Also, this method will only work if your page has many followers. So, establish your page enough before using it to generate revenue.
2. Use Buy or Sell Groups for Selling Items
Facebook has many buying and selling groups you can use to make good money. You can find these groups through the search bar or digging on Google. Once you find your way to these groups, join as many as possible. After that, start selling your products or services there.
Most of these groups are pretty cluttered, with thousands of people trying to sell their stuff. Therefore, it would be best to upload high-quality and attractive posts to attract the audience. Remember that these groups are crawling with scammers, so always deal with people that seem genuine and trustworthy.
3. Run a Facebook Group
Start a Facebook group of your own and get tons of members to use them to make money later. There are several ways that you can use make money from a group, like:
- Selling your products or services
- Taking money from the brands to promote them in your group.
- Promote the products of your client and generate revenue via affiliate marketing.
- Put your well-established group on sale.
Of course, you can achieve some of these goals in other groups too. But it is always better to own a group than to join one. Why is that? Because no one can kick you out of your group or put a limit on your posts.
4. Become an Influencer
If you’re a community leader with some upstanding, why not become an influencer and make money? As an influencer, you can sign deals with brands and make money by promoting their content. You can also become what fashionistas call a “tastemaker” and earn money by setting trends for the audience.
To declare yourself an influencer on Facebook, you must get a blue checkmark on your personal account. Here’s you can get this verified badge:
Step 1: Head to the request form to fill in the details to get verified.
Step 2: Select ‘Profile’ in the option “What are you verifying?”
Step 3: Upload your driving license or passport to prove your identity.
Step 4: Select the category in which you are famous and enter your country’s name
Step 5: Now, add links to posts or articles which prove that you are an influencer. You can paste the links of your Facebook posts where you have received tons of likes and shares.
Step 6: After that, click on “Send” to submit the request.
The Facebook team will take its time to review your request. Once you get accepted, you will receive a blue verification badge, proving that you are an influencer. After that, the options of making money for you will be limitless.
5. Sell on Facebook the Marketplace
Facebook marketplace is an excellent platform for selling products locally or in other cities. It is especially fantastic for small business owners that want to expand their business and build an online presence. Now, there’s a lot of stuff that you can sell on the Facebook marketplace.
From vehicles to electronics, home goods to property, you name it. No matter what kind of products you are selling, you can find interested buyers for them on the Facebook marketplace.
Here’s how you can put up a product for sale on the marketplace:
Step 1: Open your Facebook profile and click on “Marketplace” from the left navigation bar.
Step 2: Click on the “Create New Listing” option.
Step 3: Select “Item for Sales” from the listing types
Step 4: Now, add photos of your product. Make sure that pictures are high-quality so people can see the product clearly. Click “Next” to proceed.
Step 5: Add the information about your product and set the price. Click “Next” to move on.
Step 6: Select a delivery method and then click “Next.”
Step 7: Review everything and click on “Publish” to post the listing.
6. Become an Affiliate Marketer
Collaborate with e-commerce store owners and help them sell their products through affiliate marketing. As you might know, in affiliate marketing, you get paid for every product people purchase through your affiliate links. Thus, if you’ve got a social network on Facebook, you can easily make money through this strategy.
You just need to share your affiliate links on several platforms and wait for the audience to interact with them. This strategy is beneficial for you if you’re an influencer. Simply tell the audience about the product’s benefits and add its link to your posts. And since your followers already trust your recommendation, they would definitely purchase the product.
7. Become a Virtual Assistant
If you’re a Facebook guru that knows everything about marketing and managing, you can become a virtual assistant. The job of a virtual assistant is to help new brands and rising influencers develop their presence on Facebook. Simply put, you will be using your wisdom to help others and get paid for it.
A talented virtual assistant (VA) can earn up to five thousand dollars per month these days. So, put your knowledge to good use and become a VA to make big bucks.
8. Drive Your Facebook Traffic to the Website
Another thing you can do if you have a good fan following is drive traffic to your website. Let’s assume you have an e-commerce store and want to boost its sales and organic reach. Well, that’s where this strategy comes in. Post the link to your website and products frequently on your profile and tag friends and followers.
Eventually, they will interact with the link and reach straight to your website. In this way, your website will get more organic visitors and potential customers.
9. Promote Sponsored Content
You can work with prominent brands of your niche and make money by promoting their sponsored content. This is quite a flexible tactic as you can apply it using your established Facebook group, page, or profile. You don’t have to be an influencer to earn money using this method. All you need is a Facebook group or page with enough followers, and that will be enough.
Another good thing about this tactic is that you will get paid for the promotion, not sales. Ergo, you will get paid even if the brand doesn’t make a profit. Start connecting with your local brands and show them your fan following to sign a deal with them.
10. Sell Your Page
Got a Facebook page with lots of followers and positive engagement? Sell it to the highest bidder and make good money. There are many online communities where you can sell your Facebook page at a reasonable price. According to an estimate, a page with five thousand followers can be sold for five hundred to one thousand dollars.
However, selling, buying, or trading Facebook pages is a sensitive issue and might get you in trouble. Facebook’s terms of services state that you cannot transfer the possession of an account without getting the platform’s written permission. But if you are still going to proceed with this plan, make sure you do it discretely. If someone reported the trade, your page could get shut down.
11. Facebook Running Ads
People pay a lot of money to experts to manage their Facebook ad campaigns. So, if you know how to reach the audience and design high conversion campaigns, this is an excellent opportunity. Provide your services to brands and businesses and handle their ad manager. Now, there are two ways you can charge your client.
You can charge your client one time for designing the campaign. Or you can ask for a share in their profit. Either way, you’ll be able to earn a considerable amount of money with this tactic.
12. Make Money on Facebook by Hosting Events
Hosting events and promoting them on Facebook is quite a lucrative business. Whether you plan to host a paid webinar or a pop concert, you can use Facebook events to promote it. For instance, if you organize a concert, list it as an event on your profile and start posting about it.
This way, you will get more people’s attention and get them interested in the event. Thus, more concerts will be solid and more money will flow to your account. Remember to promote the event on Facebook fifteen to twenty days in advance. It’s the only way you will have enough time to attract the audience and increase event attendees.
Well, that was it for today. We hope you liked this article and memorized all these cool ways of making money. Remember that Facebook is an open platform that doesn’t restrict its users in any way. So, take advantage of this freedom and find new ways of making money on it.
Please check out our blog page for more informative articles. And if you have any questions, reach us on our social media or ask them in the comments section. Stay tuned with us for more helpful tips and tactics.
Frequently Asked Questions
1. Can I Make Money on Facebook?
Yes! Anyone can make money on Facebook by using different tactics. You don’t need to fulfill any requirements to generate revenue on Facebook.
2. How Many Followers on Facebook to Make Money?
You can start making money on Facebook only with five hundred followers. However, it’s better to have more followers to generate the most revenue.