6 Ways to Make Money with Facebook

6 Ways to Make Money with Facebook

With the advancement of marketing tools, it is possible to make money with Facebook. In fact, you just have to see the turnover of some marketers to be sure.

If you always have to be wary of all kinds of scams on the Internet and sites that do not pay, other ways are interesting, and you will see that Facebook is part of it.

Facebook is a real gold mine!
Do you think I’m exaggerating when I say that? Think again! With thousands of people connected in France and billions internationally every day, Facebook can be a big moneymaker if you know how to manage the platform.

You will see that it is possible to generate income in many different ways, and don’t worry because it is quite easy.

6 Ways to Make Money with Facebook

Who can make money with Facebook?
Anyone can make money with Facebook! Absolutely anyone.

As with all aspects of life, you must be persistent and never give up if your marketing doesn’t work at the very beginning.

For most of these solutions, the quality of your Facebook profile will be your best way to make a first impression.

There are quite a few spammers on Facebook who promise the world and don’t check in afterward.

You should not be one of these people because your chances of making money with Facebook will be slim.

Make sure your Facebook profile gives the impression that you are a real person or at least a reliable company.

Post a selfie or your company emblem in your profile picture.

Also, be sure to include your contact information and a link to the website if you have a local or online business.

What can you sell on Facebook?
Almost anything can be sold on Facebook. Most people use Facebook to sell used items, handmade items, e-books, etc.

Some things you can’t sell on Facebook:

6 Ways to Make Money with Facebook

Alcohol
Illegal drugs and some health products
Tobacco
Firearms
Animals
Real money gambling products

How to Make Money with Facebook?

Once your profile is optimized, you are now ready to start making money with Facebook.

1. Sales/Purchasing Groups

If you’re trying to sell locally, chances are you’re probably not selling to your friends and family.

That’s why you should also join local buy/sell groups.

Facebook makes it possible to sell because you can usually create a post in a group. You even have the option to post the same publication to other groups.

For example, let’s say you want to sell your apartment. Your city probably has at least two different buying and selling groups that accept apartment listings.

Even if you only make one post, it appears in multiple groups, and you can reach more Facebook members.

To find groups in your area immediately, click on “Buy and Sell Groups” in the Explore menu. You can also search for group names to filter the different options as well.

Each group has different specific selling policies, so be sure to read the group’s guidelines before posting. Otherwise, the group’s moderators may delete your post or remove you from the group.

2. Sell on Facebook Marketplace

Don’t forget to sell on Facebook Marketplace, either!

The marketplace is a free feature for everyone where you can buy, sell or trade almost anything in your area.

While it’s not as specialized as buying and sell groups, everyone has access to Facebook Marketplace so they can make purchases and sales easily.

3. Referral Bonuses

Have you ever used an online service that you love and want to share with others?

Word of mouth referrals is one of the most effective and oldest forms of advertising in the world. Companies know this, and that’s why they offer a referral bonus when your friends join social networks.

Many companies offer to earn money by referring others.

All you have to do is advertise these companies, put your referral link on Facebook and make money every time someone goes to sign up to the platform via your link.

More apartments regularly offer referral bonuses than you think: banks are a great example.

6 Ways to Make Money with Facebook

4. Create Facebook Ads

For this suggestion, you’ll first need to create a Facebook page for your business or website.

In fact, consider pages like “Facebook for Business.” Creating a page is free, and any business is eligible.

Once your page is founded, share articles and posts with your page followers.

Facebook pages are the social networking equivalent of having a mailing list; you can send regular messages to your most loyal followers.

For example, drop shippers could publish a weekly post mentioning their top product of the week.

Keep in mind that you can make money by posting ads on Facebook to reach people who don’t yet follow your page.

While page posts can help you earn with Facebook, you should also use paid Facebook ads to reach a new audience.

You will create your own ads or use Facebook Ads to create professional ads that can attract more clicks the first time.

When you create posts on your page, you will have the option to click the blue “Boost Post” button.

After clicking the button, you will be redirected to the ad creation tool.
Although there are more features than mentioned, there are three tools that you should pay close attention to:

Purpose (Do you want to interact with your audience or make sales?)
Audience (Targeting a specific audience)
Budget
A huge advantage of Facebook ads is that you can target a specific audience based on their characteristics: location, age, gender, and interests.

You can also advertise to your subscribers and their friends if you want to.

You will also need to monitor the people reached and the number of engagements. Once the ad campaign is complete, you can compare the number of engagements to the total cost of the campaign to calculate your cost per click.

Facebook advertising is relatively inexpensive to paid ads because you can choose your target audience for only a few dollars.

6 Ways to Make Money with Facebook

5. Invest in Facebook

This is another way that anyone can use to make money with Facebook. And you don’t even need to create a Facebook account or page!

Although you may find this strange, Facebook is a publicly-traded company on the Nasdaq Index.

Facebook’s stock symbol can be purchased with any brokerage firm.

So you might want to consider buying Facebook stock:

Given that a single share of Facebook stock trades for about $187.

In this example, a $100 investment will give you 53% of a share. While that’s not much to start with, everyone starts somewhere.

As with any stock market investment, Facebook is guaranteed to make you money, especially in a Covid-19 crisis.

Its stock price can fluctuate daily, so you need to invest and plan to hold for the long term to make a profit.

If, in case, you prefer a less volatile way to invest in Facebook, you can consider buying an index fund that currently holds Facebook in its portfolio.

6. Become a Social Media Manager

If you are on social media

As a virtual social media assistant, your responsibilities could include:

Planning social media posts
Responding to comments
Creating social media graphics
Tracking campaign statistics
etc.
Chances are, you’ll have to manage a social media account on other platforms in addition to managing Facebook.

If you’re a Facebook savant, this can be a great opportunity to work from home and earn a part-time income with flexible hours.

To Conclude
Anyone can make money with Facebook. It doesn’t matter what you want to sell or promote.

By joining groups and running a paid ad or two, you can generate an income on Facebook if you put your mind to it.

Have you ever made money with Facebook? If so, share your story with us below.

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