Though they are facing much stiffer competition than they used to, Facebook is still the social network with the most users. This is why making money with Facebook is still a great option even in 2020.
In this article, we will go over three different ways to make money with Facebook. This doesn’t include selling items in the Facebook Marketplace. While that is a way to make money, unless you have a wholesale or another source of obtaining new goods it will eventually run out. We are focusing on methods that allow you to keep making money in the upcoming weeks, months and years.
Without further ado, here are my top three ways for making money on Facebook.
If you’ve never heard of affiliate marketing before, it’s when you sell products for another company and they pay you a percentage of the sale as a commission. Here’s more information on what affiliate marketing is:
So how do you get started? You join an affiliate network. The Amazon Associates program is an affiliate program you can join that gives you the ability to earn an affiliate commission on any product sold on Amazon.
Due to their recent cuts in affiliate payout percentages, many people have looked to flee their affiliate program. Here is a video I made in response to these cuts that gives you some alternatives to the Amazon Associates program:
So how do you make money on Facebook with affiliate marketing? You simply choose a niche, create a Facebook page in this niche, start posting useful content for the page followers. Once you build trust and authority with your page’s followers, you can then start posting affiliate links to products that they will find useful.
So your first problem is you don’t have any followers on your page. Follow this method to get the ball rolling and start building an audience for your Facebook page:
Provide a Service
With all of the people on Facebook, this gives you the opportunity to provide a service that some of their users will need. Some of these services could include copywriting, video editing, social media management, SEO and more. What service should you provide? Well, what are you good at? What can you do that people are willing to pay for?
Alright, once you’ve decided on what the service is you’re going to provide now we need to find you some clients. Sure, you could annoy your Facebook friends with your service they probably don’t need. The better option is to join a group where people will be seeking your service. For instance, if you offer an SEO service, you would join SEO or affiliate marketing Facebook groups. If you are a copywriter, there are groups out there specifically for people looking to hire copywriters.
Make sure you follow the group rules. If they allow you to make a post describing your services, then do it. If not, then look for posts in the group by someone who is looking for a service like the one you offer. Be active in the groups you are in and establish yourself as an authority and you will be more likely to pick up clients.
You are able to join these groups as your Facebook page. This allows you to build your followers on the page you created to promote your service. This is something you definitely need to take advantage of.
Earn Money With Ad Revenue
If you have a website in a niche and have no problem creating content, you can use Facebook to help build an audience for your site. Once you get an audience and start getting traffic to your website you can start making money with ad revenue.
Of the three methods, this is the most challenging as you need to get thousands of visitors to your website per day to make substantial money. But what makes it the most enticing is that you can simply put the ad blocks on your site and start hammering out content on a daily basis. If you are able to write viral content on a topic such as sports, politics or any other viral topic you can expedite the process of making good money with ad revenue.
Get Started with Making Money with Facebook Today!
Here is a video summary of this article:
So what are you waiting for? Pick the method that you like the most and get things going. Create a Facebook page, start joining groups and you can have money coming in by the end of the week!