How to Make Money on Facebook
How to Build Income Through Social Media Management
Facebook has roughly 2.93 billion monthly active users. Youtube has 2.1 billion active users. TikTok and Instagram have 1 billion monthly active users. Monthly active users mean users who logged into the platform at least once a month.
Social media has a wide coverage and has a lot of users, and this reach and user base have created an opportunity for common people to make money through social media management.
Social media management is a semi-passive income stream, you just have to work 3-4 hours in a day but will be able to make a lot of money.
How to get started in social media management?
Join a platform that matches your interest, or you can join multiple platforms if you want.
Start creating content for the social media platforms. The kind of content you need to create depends on the platform. For youtube you can create short videos as well as long videos, on TikTok, you create short videos, on Facebook you post videos, memes, infographics, quizzes, polls, status, etc.
Start building followers. You can do this organically, or through advertising. The organic method is better but it takes time.
When you have built a huge following, you can get sponsorship, earn from ads, sell merchandise, etc to make money. You can also manage and run social media accounts for someone and make money.
How to Generate Income Through Facebook?
With 2.93 billion monthly active users and 1.62 average daily visits, Facebook is not only the most used social media but also the second most visited website on the world wide web (Google search stands first). Facebook is not only a place to connect with people, it is also a place to do business and make money.
Facebook Marketplace: Facebook offers a marketplace where you can list your product and make money by selling your products.
Facebook Reel: Facebook Reel is a TikTok-like short video service from Facebook where you can share videos and make money from your videos. There are no criteria to fulfill, how much you earn depends on the views generated by your video.
Facebook shop: You can set up a shop on your Facebook page and sell products and services
Facebook Gaming: You can stream games on Facebook and earn from ads as well as gifts from other users (called stars).
Facebook Instant Articles: If you have a Facebook page with more than 10k followers, you can earn from the articles shared on your page. If you are eligible Facebook will run ads on your article and when someone reads your article through your page you make money.
Influencer marketing: If you have built a huge following on your page, you can make money through sponsorship.
How to Start a Business on Facebook
Facebook is the best platform to start your business.
It is completely free, you do not have to spend money to build your online store, or spend money to list your product.
Facebook is the most visited website after Google. It has about 2.93 billion monthly active users (people who logged into Facebook at least once a month). So, obviously, you have a lot of customers.
Facebook has a global presence, except few countries (North Korea, China, etc.). Therefore you can sell globally.
If you want to advertise to drive sales, you don’t have to use third-party advertising, you can run Facebook ads.
Create a Facebook page and start posting your products and services. If your page has followers, you will have saves, if not start running ads. You can either run ads for your products or advertise your page and build followers.
Create a shop on your page. If you have a website, customers can check out on your website, if not they can check out through messaging.
Go to Facebook Marketplace and create your listing. When you choose this option to sell your products, you don’t even have to create a Facebook page, you can directly sell through Marketplace. You can choose the boost option to increase your listing visibilities.
I have a friend who makes money on Facebook by running ads, he has a page with more than a thousand followers, so people do pay him money to help them advertise and promote their business on his page.