Now a day Facebook is most successful and popular social networking site, initially, it was developed to connect with the school and college friends. Now it offers you to run your business on it. There are different ways that you can make money on Facebook. You can create the Facebook fan page, for Facebook fan page you can refer ( https://randomtools.io/blog/set-facebook-business-page/ ) After that creating a Facebook business page helps you to make money from social media.
There are different ways to make money from Facebook these are:
1. Facebook as a Traffic Driver:
This is the most common way to earn money on Facebook. for this, you can build a website for your page and drive the traffic by sharing the links to the articles or Facebook quizzes. You can monetize the website by Google Adsense or any other Ad network and earn money. There are lots of pages who are earning money this way. Like the Omg Owl page on Facebook has their website http://omgowl.com and they share the links of the Facebook quizzes on their page to drive traffic.
There are so many websites which are driving more than 50% traffic from Facebook pages.
2. Facebook Ads
To promote a page and earn money from Facebook Ads is the most attractive way to a business at present because most of the population are spend there time on Facebook. Creating ads is not a difficult task just you need to follow some steps that are:
Click on Create Ad:
This is the menu where you log out, there is an option “Create Ads” Click on this menu and you will redirect to the Facebook Advert Manager.
After that, you need to provide required information regarding target audience, the location, the age group, then you will be shown an automatic budget. You have two given options to select your budget either by selecting a budget on the daily basis or setting a budget for the lifetime. On setting required information then you can link your campaign to the Facebook page.
The Facebook Ad is an indirect way of earning money, so first, you need to invest a small amount in the Ad campaign to go live and only then you will start earning money.
3. Facebook as a Marketplace:
A Facebook Marketplace is a destination where people can discover, buy and sell the items to people in your community. Marketplace makes it easy to find new things.
This is the simplest way to make money on Facebook. Facebook allows to sell your item in different cities, village and likely in different places. For this, you have to set up your page that buyers can find you easily. Buyers can search by geographic location, product name or category.
For selling your product on Facebook,
(i) You have to sure to include clear pictures of what you are selling
(ii) Provide all details of your product
(iii) Make sure you are selling your product at the right price
Discover item for sale near you:
To find a specific item, tap on the search button write the item name, filter your results by location, category or price.
when you find something interesting, tap on that image and see more details from the seller. you can save the items to find it later.
Post Items for Sale in Just a Few Steps:
If you’re selling your item, here are some simple steps:-
1. Take a photo of your item
2. Enter a product name, description and price
3. Confirm your location and select a category
4. Post
In this way, you can use Facebook as a marketplace.
4. Affiliate Marketing:
What is Affiliate Marketing?
Affiliate marketing is an old form of marketing where you refer someone to any online product and when that person buys that product based on your recommendation then you receive a commission.
For example:
1. An online shopper decide to buy an item
2. He lands on an Affiliate site
3. Then he redirects to the merchant site
4. The shopper finally makes the purchase and merchant reward the affiliate for his effort.
Most of the online companies who sell products like shoes, clothes and some other services usually offer an affiliate program.
Simple you can sign up the program, then you will get unique tracking link (Special tracking link offered by your affiliate program to track the progress of your affiliate promotion.)to recommend the companies site.
There is no limit to earning money from Affiliate program. It all depends on which program you are promoting and how many conversions are you making.