In our previous issue, you learned how you can make use of campaigns, contests and freebies to get more Facebook fans. In this issue of Facebook for Business we are going to go over a few tips for earning money on Facebook.
Whether you require a source of income in addition to your day job or want to make a living online, this is achievable with the help of social networking sites particularly Facebook. Today, you’ll learn about the top money making techniques you can use on Facebook.
More and more businesses among industries like health, travel, food and consumer products are taking advantage of Facebook when it comes to getting sales. And why would they not? Facebook is more visible, accessible and is more user-friendly to customers. Using Facebook as a business device, however, is up to the business owner.
While there are a lot of business owners that attest to the usefulness of Facebook marketing, there are also numerous others who aren’t convinced of its potential.For those who do decide to sell their products through Facebook, there are several apps you can tap in order to be more organized.
Ebay already has a unique program meant for their Facebook users. Radical Buy, on the other hand, is an application that immediately posts products and makes it visible in the customers? walls. There are also specialized applications like Music Blaster, Flame Tunes and Lemonade.
Now, selling a wide variety of products is not the only means to make cash on Facebook. You can sell your services here as well. With regards to the second money making usage (See Application Development below), anyone can sell various programming and Customization services online as well. Facebook partners with Paypal for these micro payment schemes.
– Program Development
Even Facebook itself is giving very lucrative offers for people who will help them boost various programs in their market from monetization to promotion. The site pays you for suggestions that will help them develop these. Even third parties continue to post positions online for developing different applications for their companies. As yet, there’s still a few people who are dedicated to designing applications. It will therefore not be a problem to find prospective customers.
Not only content creation but also programming plays an important role in generating leads.
– Marketing and advertising
Among the several ways to monetize from Facebook, affiliate marketing is one of the best. There are many sites looking to infiltrate completely different parts on Facebook that are exposed to customers. Most use their own sites for cross-promotion. Quite similar to what you do with Google Adsense (although Google Adsense if not applicable in Facebook since the site doesn’t run with a Java application) where ordinary people place ads in their personal space, affiliate marketing also works the same way. Websites like Amazon, Ebay and other big companies are frequently seeking people to bring their advertisements.
Most of these work on a commission basis meaning that when someone purchases a product or service that your wall is advertising, then the owner of the wall will receive a substantial amount. There are even companies that don’t necessary demand the affiliates to sell their products in order to pay them.
In some cases, any form of action such as people simply clicking on the ad or creating an account.
With these three money making techniques in mind, you can be well on your way into making more than what you expected out of a social media management site that was once just a pastime.
Look out for our next issue. We are going to talk about using Facebook Groups for your business.
Whatever you are offering online, you can benefit from Facebook marketing. If you turn to Facebook for Business, you’ll see that it not only improves your results in online marketing but also maintains a stable flow of traffic to your page.