Last Updated on October 11, 2022
There’s no doubt that Facebook has lots of available benefits and opportunities you can monetize to boost your income or start a side hustle. With almost half of the world’s population on social media, of which Facebook is not an exception as it has more than 2 billion active monthly users. With such a wide range of audiences, Facebook creates a large online market pool, of which many people have been earning and are still earning good passive income even with no investment.
Are you one of those who are considering ways to monetize your Facebook, or you’re wondering on what possible ways you can employ to make money on Facebook without any investment? Then you are on the right post.
In this article, we will look at 11 ways to make money on Facebook. But before we dive into the list, let’s take a quick look at the factors that guarantee your earnings on Facebook.
Table of Contents
Eligibility Criteria For Facebook Monetization
There are few ways you can make money from Facebook. However, before you can be eligible to do so, there are some eligibility requirements by the platform you must abide to. They include the following:
- Facebook Community Standards: This involves the bedrock regulations of the platform, which include the avoidance of graphic and unsafe content.
- Partner Monetization Policies: this involves the rules that govern your Facebook page, content creation, how you share your contents, and how you make and receive payments online.
- Content Monetization Policies: to be able to monetize your content on Facebook there are some laid down rules you must stick to such as the content-level rules which is applied for every piece of content you post which include the prohibition of violent or profane content.
- Grow your number of friends: The limit of Facebook friends is 5000 and exhausting this amount will come very handy in growing your audience. However, it will not be an easy task but with the level of your commitment and dedication you can actualize you goal and reach out to a large number of audience.
- Create a Facebook page and get a lot of likes: the task of creating a page is very easy and can be done in a couple of minutes. The actual deal is in getting people to like and follow your page which is more difficult. Hence to actualize this, it is essential you create a good and compelling content that will prompt the engagement of your audience. Another way you can achieve this is by following people buzzing pages even when you’re not asked to.
- Create a group and grow your member database: Another important factor for eligibility is the creating of a group and growing your member database by adding as many friends as possible as you can. The benefit of Facebook groups is that it allows members of the group the ability to run the group. As such, you don’t have to always be the only one posting updates on the group, although it’s highly recommended you maintain the quality of the group by doing away with spam posts.
How Much Money Can I Make From Facebook?
There’s no limit to the amount of money you can make from Facebook, the amount of money you can earn all depends on you. However, the amount you can earn is greatly influenced by certain factors, which include the following:
- The market strategy you employ.
- The kind of product you sell.
- Persistency in your marketing campaigns.
- The quality of your Facebook profile.
- The level of trust you have built with clients.
- Referrals and testimony by clients.
All this and other related factors are what can influence the amount of money you can make from Facebook.
Without further ado, we shall dive into the list of ways you can make money on Facebook.
11 Ways you can make Money on Facebook
1. Operate a Facebook Group in Your Niche
Creating a Facebook group in your niche is one useful way of creating awareness in letting people know what you offer. Facebook groups are basically useful for selling information products. This is possible by creating a group and inducing members to assist each other and sharing useful ideas.
It is also important to ensure you offer meaningful contents and products that can offer solution to their problems. Facebook group can also come handy if you offer paid coaching; you can utilize your Facebook Group as an avenue of bringing your clients together.
2. Create videos with in-stream ads
This is an ideal strategy for creators and brands to draw and captivate the attention of sizeable audience. Users are more likely to watch an entire video ad if it they can progress with the original content. For brands that want to pay to run in-stream ads alongside meeting Facebook’s eligibility, videos length must be over one minute and 10,000 page followers are required by influencers for running run in-stream ads.
3. Add a paid subscription to your page
This is one of the 10 ways you can make money with Facebook. You can generate a constant monthly income on Facebook through fan subscriptions that can encourage your most loyal followers to pay a recurring sum to fund your page. Brands and creators with large active audiences utilize the method to monetize their page and reward fans with exclusive content and discounts.
4. Run paid events online
You can engage followers to partake on live event from the comfort of their home. Facebook’s paid events feature allows you to organize, and run events through your page, which is suitable for inventors and businesses moving in-person events online. Before you can be qualified to start creating paid events on Facebook you must pass the Facebook eligibility criteria.
5. Drive your Facebook page traffic to blogs at a cost
This is also one of the 10 ways you can make money with Facebook. With a Facebook page or a group that has lots of followers, you can easily generate traffic for blogs at every possible cost. This can be actualize by placing a link to the blog and persuade your followers to visit the page. As soon as they do, traffic increases on the blog and you get paid.
6. Start affiliate marketing
You can place one or two affiliate marketing links per day on your Facebook page when you have many followers. Affiliate marketing works in a way that allows you to receive a certain percentage of every product price when anybody buys the product using your link.
7. Collaborate with brands
For pages with active and loyal followers, they monetize their Facebook by creating content with a relevant and complementary partner to boost your reach and expand your content output. There are lots of brands that desire to collaborate with influencers, creators, and other companies to meet potential audiences and develop brand awareness, which is a great way to promote followers count and generate engagement.
8. Develop a Simple Facebook app
Creating simple Facebook fun apps that people can use more often can allow you to earn money either by adverts or in-app purchases. This is one of the 10 best ways you can make money on Facebook.
9. Start Facebook marketing through influencing and advertisement
The more followers you have on your page will attract more businesses and digital marketers to reach out to you for adverts. All you need do is to post your product on your page, and start earning money. Often times, the higher number of followers and likes you have on your page determine how high you would get paid.
10. Sell your personal products on Facebook
The more followers you have the larger number of people you can reach and this offers you a higher chance of selling your product. You could also open a Facebook store and utilize it as e-commerce.
11. Get people to pay you for sponsored likes and shares
Today people are seeking to get plenty of likes and shares on their Facebook page either by posts or videos. With a large customer base, you can easily assist them to achieve that by posting the link on your group. The amount of likes you can provide the higher money you can earn.
Conclusion
Monetizing your Facebook is not a straightforward process, neither is it achieved overnight. However, it requires you to invest your time, diligence and dedication to be able to earn a tangible amount of money from Facebook. There are lots of opportunities and benefits you can derive from monetizing your Facebook. We hope that the list of the 11 ways you can make money on Facebook can assist you to make the perfect choice of ways to money on Facebook.