Before, we discussed about how you can use promotions, special gifts and contests to grow your fans on Facebook. In this issue of Facebook for Business we are going to go over a few tips for earning money on Facebook.
Whether you require a source of income in combination with your day job or want to make a living online, this is feasible with the help of social networking sites particularly Facebook. Today we are going to learn a few of the most lucrative moneymakers through Facebook.
Most online businesses from retail, consumer, travel and food nowadays are embracing Facebook to get more customers. And why would they not? Facebook is very simple to use and accessible to almost everybody. Using Facebook as a business system, however, is up to the business owner.
While there are a lot of business owners that attest to the helpfulness of Facebook marketing, there are also many others who aren’t convinced of its possibilities.For those who do decide to sell their products through Facebook, there are several applications you can tap in order to be more organized.
Ebay has already come up with a special application that’s meant for people who are marketing on Facebook. Radical Buy, on the other hand, is an application that immediately posts products and makes it visible in the customers? walls. There are also specialized applications like Music Blaster, Flame Tunes and Lemonade.
Facebook is not limited to selling different products though. You can offer your services as well. With regards to the second money making usage (See Application Development below), anyone can sell various programming and Customization services online as well. Facebook partners with Paypal for these micro payment schemes.
- Program Creation
Even Facebook itself is providing very profitable benefits for people who will help them boost different applications in their market from monetization to advertising. Facebook pays for useful concepts that will help them develop these. Even other websites continue to post positions online for creating and managing a wide variety of applications for their businesses. As of recent news, there are still very few people solely dedicated to producing applications. It will therefore not be a problem to find potential customers.
Programming has grown to be a very important feature of company leads generation just lately and most applications reach several thousands.
- Marketing and advertising
Affiliate marketing is one of the most populr ways to make money on Facebook. There are quite a few sites looking to integrate different areas on Facebook that are noticeable to customers. Most use their own sites for cross-promotion. Quite similar to what you do with Google Adsense (although Google Adsense if not applicable in Facebook since the site doesn’t run with a Java application) where ordinary people place ads in their personal space, affiliate marketing also works the same way. Websites like Amazon, Ebay and other big businesses are constantly seeking people to bring their advertisements.
These people promote the products and they get a commission for every sale they acquired. There are even companies that don’t necessary demand the affiliates to sell their products in order to pay them. Often, any form of action such as people clicking on the ad or creating an account.
With these three money making techniques in mind, you can be well on your way into making more than what you expected out of a social media management site that was once just a pastime.
Look out for our next issue. We will discuss about how to use Facebook Groups for your business.
Nathan M. O. Hatcher.