4 Top Ways to Make Money on Facebook
Have you heard about Facebook, it’s the most popular social media website in the world with millions of people hang out their daily? With all of these people hanging around and with the way social media works there has to be a way for people to make money doesn’t there? And of course there is, that is one of the reasons Facebook is so successful because people also go there to make money.
When trying to work out an idea to make money on Facebook it can be as simple as looking at what others are doing and then simply figuring out how to do it better. Creating a page to determine what people want and developing a plan of action to deliver the service or product is another good money making idea.
Selling Products on Facebook
It’s possible with Facebook apps to turn pages on Facebook into online stores, fans of yours can buy products directly from your Facebook pages. You can use the services of websites such as Lujure.com (no website last time I checked) to create iframes that simply mirror your existing websites within Facebook pages and its surprising easy to do.
You can also post articles and links to separate items in your online store, and if you don’t have your own online store you could consider drop-shipping products so that you are not responsible for stocking physical merchandise. With drop-shipping you make the sale and deal with the financial and the drop-shipping company deals with the delivery and fulfillment part.
Driving Traffic to Paid Content
Facebook pages can also be used to drive traffic to landing pages that often sell e-books and webinars. Often you will find people posting snippets of articles that link back to your website to get fans to visit your website. I personally do this on a daily basis and have the whole thing automated but you can easily replicate it by simply cutting and pasting in your url to the status update on Facebook, it will automatically pull content from your website to make it super easy. Many successful marketers also use this technique to link to an optin page for building their mailing list (the money is always in the list). You can then follow up with fans via email and build another avenue for an ongoing relationship.
Building a Facebook page around a specific interest is an effective technique used by affiliate marketers. Affiliate marketers can post links to relevant services or products they feel will be helpful to their fans. Cost per click campaigns can also be promoted using the same technique. Becoming an affiliate for a popular Facebook game is yet another way to make money promoting products on Facebook (I personally hate Facebook games). If you are considering affiliate marketing on Facebook, remember that Facebook is about sharing quality content first and promoting goods and services second. It is not about spamming fans and friends on a social site, this will get you banned and is not effective and can damage your reputation.
Developing apps for niche communities on Facebook can be very lucrative, both in terms of brand recognition and sales. If your app becomes popular on Facebook, your name gets known and more people will visit your website. Launching an affiliate program around your app would also help increase sales and quickly introduce customers to your product. Consider a need that is currently being unfulfilled in the market for a particular community. Then brainstorm ideas for the type of app you would like to create. You can outsource all the actual development to a freelance programmer which isn’t as expensive as you might think, bringing Facebook Apps within the reach of anyone with a good idea and the commitment to make it work.
You do not have to reinvent the wheel to make money on Facebook. Consider the special communities you belong to and what you can promote to help that group. You may not even have to create a new product if you can find an established quality product or service to promote.