Ten Ways to Earn Extra Income with Facebook

facebook-monetization

For most people, Facebook is just another great social media site that they use to connect with friends and the world. However, for smart Facebook users, it is a platform for generating extra income; some have even turned it into a full-time online working platform. With over one billion subscribers, Facebook is an ideal platform for networking with people and identifying and capitalizing on their needs. In other cases, making money through Facebook is as easy as liking a page or answering survey questions.

Unfortunately, the internet is full of Facebook money-making scams that never live up to their hype. Most of these scams are too good to be true, and there is only so much you can make through the social media site. However, if you are willing to start on a low note and work your way up, Facebook will indeed prove to be a viable option for generating some side income. Here are ten legitimate ways to earn extra income with Facebook.

Sponsored likes and shares

Your friends and followers on Facebook are always notified of things that you like or share. For marketers, this comes as an ideal networking technique used to boost exposure of products and services. If you have a large following on Facebook, then you too can take advantage of this by subscribing to micro-job sites such as Fiverr and offering to share or like pages for a small fee. The trick is to share and like as many things as possible to maximize the income; also, be sure to like and share things that would appeal to your friends and followers.

Displaying ads

Displaying ads is one of the easiest ways to make money through Facebook. It is similar to displaying ads on blogs, but it is preferable for most online retailers as Facebook offers greater exposure than other online platforms. However, you will need a large following and many friends to make the most out of this technique. To get started, first monitor your friends and followers to determine the kinds of products they would be interested in, then use PPC advertising companies such as AdSense to set up the ads.

Selling likes and shares

This is not the best way to make money through Facebook, but it pays well over time. Unlike liking or sharing something on Facebook, selling likes and shares entails coming up with hundreds or even thousands of likes for new pages. Mostly, businesses and upcoming celebrities use this technique to attract people to their pages and motivate them to share; the trick is the herd mentality whereby most people are encouraged to like or share because others are doing it. However, this technique can be complicated or simple depending on how you go about it. The easiest way to go about it is to develop bots that generate fake likes and shares. The complicated way is to rally your friends and followers to like or share the page.

Take surveys

Companies find it easier to conduct surveys on Facebook as it is quick, cheap, and there are millions of viable candidates. Most of the surveys are brief and easy to complete, and you never have to worry about compromising your privacy. And, although most surveys do not pay much, you will occasionally come across some that pay up to $100.

Managing accounts and pages

There are thousands of companies always looking for social media savvy people to manage their Facebook accounts and pages. Mostly, this entails interacting with followers and making new posts and updates. This can be either a part-time or full-time online job depending on how busy the account or page is. Managing accounts and pages is one of the best ways to make money through Facebook as it pays considerably well when compared with other techniques such as liking and sharing pages.

Marketing

Marketing on Facebook is not as simple as liking or sharing a page as you need to have your own products or services to sell. To this end, it is mostly ideal for those who already have businesses and those willing to start new businesses.

Facebook is an ideal platform for marketing as you can reach out to real people who may be in need of your products or services. However, you will need to study your audience to determine the products and services that are most appealing to them.

Affiliate marketing

Affiliate marketing it different from marketing since you do not need your own inventory of products and services. Instead, you market products and services for other e-commerce businesses such as Amazon and eBay. It is also simple since all you have to do is post links to products and services on your wall or pages that you are active in. Finally, it pays better than most other techniques as you get a percentage of the sale when someone clicks on your link and makes a purchase.

However, you need to post products and services that are relevant to your followers if you wish to maximize your earning potential.

Party planning

If you know how to get a party started, then Facebook has tons of money making and fun opportunities for you. For most Facebook users, the platform is all about fun and getting in touch with friends and family. Consequently, Facebook is the best platform for planning a party and sending out invitations as you can reach out to many people at a go. Professional party planners are becoming increasingly active on Facebook, and you can join the wagon by searching online for party planning gigs.

Selling fan pages

Most businesses can hardly manage their Facebook accounts, and many more are clueless about designing fan pages. However, many businesses are always willing to pay good money for custom-made fan pages as they realize the marketing potential of Facebook. Amazingly, this is a technique that many online freelancers are taking advantage of if the numerous offers on micro-job sites such as Fiverr are anything to go by.

Facebook fan pages can fetch you a good amount depending on how well they are designed and the business you are selling to. Hence, ensure that you are as creative as possible and target businesses that really need the exposure.

Write about it

Thousands of people all over the world are always looking for online money making opportunities. You can take advantage of this once you become an expert in earning through Facebook. Like many other experts, you can write an eBook guiding others on how to monetize their Facebook accounts and sell it (on Facebook, of course).

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