20 Ways To make Money on facebook
Generating income online is probably easier than
generating it offline, for an entrepreneur. The reason for this is that this
that the startup costs have been significantly reduced and the World Wide Web
(WWW) is much more egalitarian than real life. If you were an entrepreneur
trying to get an advertising contract with a major company in real life, your
odds would be slim to none.
On the Internet, however, advertisers are relying on the
average Joe to plug their products and services. The same is true if you have a
product that you've developed and are trying to market in local retail stores, the
time and money you have to put into get it into a single store can eat up any
profits you might obtain from the sale. It's a lot of work and you haven't even
begun to generate income.
The Internet makes that process easier too by allowing
you several avenues to sell your wares online simply by placing photos and
descriptions of them on the Internet in the right areas.
Here are 20 simple ways you can Make money
on facebook
1. Market Your Own Products
If you decide to market a product or service, be sure it
is something you stand by and that it resonates with you personally. First, and
foremost, Facebook is a social networking platform. If you are selling products
that don't appear to resonate with your profile or your mission in life, people
will quickly spot you as a marketer and you will not get many people wanting to
be your friends. The key is to always market products that you believe in and
that a difference in other people's
lives. That way, when they see who is selling an item, it won't reflect badly
on you and your Facebook profile. On the Internet you can market your own
products at a fraction of the cost it would take to promote them physically
from one retail store or outlet to another. Examples of products that do very well on the Internet are virtual products like
reports, ebooks, music downloads, photographic content, and anything that you
can sell in electronic format that might appeal to someone viewing it online.
These products are usually referred to as “info-products.” The nice thing about
info-products is that they lend themselves very well to low overhead costs. You
can produce one product and it takes no effort to create multiple copies and
have them delivered automatically through autoresponders. Your sales cycle is
very short and your costs are minimal. You can also market physical products
that you deliver in your geographical area or through postal mail. Of course,
this takes a lot more effort and you would have to include shipping costs to
the price of your product to be able to make a profit. You can even choose to
offer your products in several different formats. For instance, maybe some
people want the electronic download and others want a physical book. You can
offer them a variety of different formats and pricing to find one that suits
them. Multilevel marketing can also be done on the Internet and Facebook. If
you've found a product that you want to market, then you don't necessarily have
to own the rights to produce it, just the rights to distribute it. And, you
might find it easier to recruit people in your down line using Facebook.
2. Use Affiliate Marketing
You can also do affiliate marketing online. This is
where someone else pays you to sell their products for them. The commission you
receive on the sale will depend on the affiliate offer you are promoting. In
some cases, you can get up to 50% of the sale, if you pick the right offers.
Here again, you should pick things that resonate with your profile in Facebook.
Affiliate marketing links could end up cluttering your profile page, if you
included them as website links, and probably people wouldn't appreciate them.
So, affiliate marketing on Facebook can be a little tricky. You should be a
little stingy with the number of affiliate links you post on your profile or
within your status line. This is an area you can update daily with new offers,
but if you do it too much, you will turn off people who come to view your
profile. You should also want to start to build a demographic section of people
on your email list who are already in your sales funnel from your contacts on
Facebook. Once they opt-in to your email list, you can start to contact them
about your affiliate offers off the Facebook platform. This means that you
might have to also set up some ads within Facebook to generate the
cross-section of people that you want to market to. Or, you might start them into
your sales funnel by offering a free resource on your profile in exchange for
their email address. This way, you've not placed affiliate offers on your
profile directly, but you have gathered the necessary information to start
generating a mailing list for affiliate offers. The application to use for
affiliate marketing on Facebook is called Radical Buy.
3. Advertising Revenues
There are a number of people generating revenue through
sponsored ads, Facebook Social Ads, and pay per click ads on Facebook. If you
end up with a large cross-section of people are friends that might be easy to
market for a particular advertiser, then they might be willing to pay you for
some sponsored ads, however, this can't be done on Facebook without violating
the terms of the service agreement. So, you can still attempt to get
advertising revenues from sponsored ads, but they aren't allowed to be put directly
on your Facebook profile. They will have to be placed elsewhere, on your
personal website, or an outside blog. The trick is to have them pay for the ad
for a period of time, like a month. Then, you have a residual monthly income
coming in from a single text link, banner, or button on your other content. You
can direct Facebook viewers to your other areas by way of links on your profile,
even if the sponsored link is not directly on your Facebook profile. This can generate
significant income from your Facebook
profile in a short period of time by building relationships within Facebook
first, before you market them elsewhere.
4. Sell Services
Facebook can be an excellent resource for professionals
who sell services. That's because the Internet has made it very easy for people
who need your services to connect with you, regardless of whether you are in
their geographical location or not. Add to that the technological advancements
that make online consulting and teaching very simple, and you can see that
there are quite a few advantages to selling services online. The down side of
selling services, instead of products, is that your time is limited. If you
don't make good use of the technology available to help distribute yourself
over multiple platforms in digital format, you could easily find your profits
being limited by the amount of time you have. Some of the ways this dilemma can
be resolved is to outsource the smaller tasks, so that you can concentrate on
the ones that are highly profitable and need your particular attention. You can
sell many different types of services online, but they should resonate with the
persona that you've established on Facebook.
5. Create a Facebook Pages
Facebook pages are similar to profiles except that they
are used for businesses, organizations, and a number of different types of
interests. You can expect to see a Facebook page about a restaurant just as
easily as you might spot a Facebook page on pets. There are several categories
to choose from: a local business, a brand or product, or an artist, band, or
public figure. The interesting thing about Facebook pages is that you don't
necessarily have to be the celebrity to put up a page about your
celebrity. The Facebook pages works very
similar to profile pages except that they are public. They have some of the
same features as your profile page like a Wall and the ability to upload files.
They also have discussion groups and a way for fans to join your Facebook page.
The service is free and promoted virally throughout Facebook and even comes up
in the search results. The actions that people take on your Facebook page are
also integrated in the news feed and thus your product or service can spread
virally through word of mouth. If you use Facebook pages in conjunction with
Social Ads, you can increase the chances of your product getting viral
momentum. To create a Fan Page, and make money from it get my guide Titled “Fan
Page Dollar” Details Below…
6. create a Group
There are two ways to promote your business using
groups. You can join an existing group and join in the discussions and at the
right moment promote your product. If you do this too much, you will be labeled
a spammer, so it's not the best way to promote your business through a group. Another
way, which is very effective, is to create your own group. This provides
several benefits to joining an existing group. You can control what segment of
your demographics to target with a group topic and you can put up your own
advertising in the group without offending anyone. You don't want to create a
group about a specific product or service you are offering. No one is going to
join an obvious ploy to market your wares. Instead, you will want to choose a topic
related to your products or services and then use the group to help you promote
your business.
Visit this link http://www.facebook.com/groups/create.php to create
group
7. The Wall
The wall is an area of each person's profile where
messages can be posted by other people who are visiting the profile. You can
put any message you want on the wall and it will be public. You can use this to
research the market trends of people's interests and you can also post some
message about things that might interest specific people in your circle of friends.
Be aware that if you spam the wall consistently with sales ads, you will
probably be blocked, and if the staff of Facebook is alerted you could end up
being banned from Facebook. An interesting way to use the power of the wall, is
to look for people in your circle who have a high number of page views on their
profile. These would be people who have a lot of friends or send a lot of
activity to the news feeds. That's the only way to tell what type of page views
they might be getting. Then, target these people for your comments on their
wall in a way that pulls the people viewing back to your profile.
8. Use Facebook Marketplace Application
Facebook Marketplace, once installed, will offer you a
place to list things for sale, housing, jobs, and classified ads. There is even
a spot for free stuff too. The opportunities will be divided up by your
networks. So, don't be surprised if you don't see everything on your Facebook
from the entire site. It is set up to be a community marketplace, so it makes perfect
sense to see only those listings from people in your network. That is why you
want to setup your network to be the place where you mostly do business, not
where you live. It is the basic area where people within Facebook go to do
commerce within Facebook. However, it doesn't complete transactions between
buyers and sellers. That is done offline between the two parties.
9. Use Facebook
Garage Sale Application
If you have a whole lot of stuff lying around that you
want to get rid of, and don't want to incur fees for listing them on eBay or some other third-party site, you
can use the Garage Sale application. There is a commission charged for any sale
that you make, but it is only 5%. It will do transaction processing too and
your friends can use credit cards to buy the items from you online. This
application is still a bit new, however, some people swear by it and others
have some trouble installing it.
10.
VisaBusiness $100 free Facebook ads coupon
You can also use the VisaBusiness $100 free Facebook ads
coupon to advertise your sales page. To do that go to http://apps.facebook.com/visabusiness/sign_up , sign up, complete the simple steps and
you will get a $100 free advertising credit on
Facebook
!
11.
Use Facebook Events Application
If you have some
local events that you are using for marketing purposes, or you want to connect
with people specifically in your geographic zone face-to-face, then you can
check out the events page. You may find groups of people in your area who make
a perfect sales demographic for your products or services.
12. Position Yourself as a facebook
marketing Expert
This brave new world of social networking is completely
beyond the grasp of many marketers today. If you are really in the know about facebook, offer your services
to advertising and public relations agencies, as well as big and small
businesses alike. Put your knowledge to
work .Why not become facebook advertising specialise-just as Google transformed
search adverting, facebook have a profound effect on social media advertising
presently. Help Companies with their Facebook Strategies
13. Use
Facebook RadicalBuy Application
Radical Buy is another marketplace application that is
more robust than Facebook Marketplace. It will allow you to recommend products
to people on your contact list. You can get feedback and offer feedback
14. Use
Facebook Appsaholic Application
This application is for people who have created their
own applications and want to monetize them. However, if you choose to do this,
you will want a way to track the performance of your application and to place
ads on it so that you can get a return on your investment. This application
claims to be the #1 Facebook ad network for application developers.
15. Use
Facebook Business Cards Application
The idea behind the Business Cards application is
similar to a conventional business card. Except instead of handing it to
someone for future reference, you can attach your business card to Facebook
messages. You can browse other business cards and make connections that way
too. It is a sort of visual way of establishing your identity in a way that
keeps you from having to keep writing the same thing over and over. This
application was a bit buggy in its inception, but appears
17. Use
Facebook Introduce Me Application
Introduce Me allows people you know on Facebook to
introduce you to people they know. It facilitates networking. The application
is placed in the profile making it easier for people who stop by to introduce
you to other people they know.
18. Use
Facebook Testimonials Application
Since you are in a social networking environment,
word-of-mouth from trusted sources can make the difference between a sale or a
near miss. And, with this application, people can simply go to your site and
add their testimonial very easily. The fact that their user name will be
associated with the testimonial at times means the testimonials hold more weight on Facebook. Although
this application is also still a bit buggy, it bears looking into. Right now,
if people post a testimonial on your site, it may be difficult to delete it.
19.Use Facebook Ether Application
This application is good for consultants, tutors, and
pay-by-the hour types of people who can do business over the phone. The
application will provide you with a special phone number to use for your
business
20. ProBook Facebook Application
This is an application that allows you to add
information about yourself in a professional directory. Friend and people
you've contacted can offer feedback and rate you, which will give potential
employers some measure of your worth.
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