7 Facebook Income Streams: How I Really Make Money On FacebookPosted on November 16, 2014@mmonigeria
It’s no news that making money online through Facebook is real. At least, I make money from Facebook too. Sometimes I see so many people on Facebook doing what they know how to do best. The truth is, Facebook is a social network where you connect with your friends. Now answer this, how does Facebook itself makes money for it’s owners? Don’t look too far. Facebook makes so much money everyday. You too can if only you read through this information and then go ahead and apply what you will find out below.
This post is a revelation of how I really make money on Facebook. It will interest you to know that at the moment of writing this post, I just got a sale from someone I met on Facebook few days ago. Anyway, it was online business that brought us together. In addition to that, I am a network marketer and I get most of my leads and conversion from Facebook. That’s a secret I just revealed to you.
1. Build quality Relationships
I always take time out to build relationships first. I make sure I relate with them effectively every time I log on to Facebook and they are online. I share quotes, personal stuffs and every other thing I need to build quality relationships. Build quality relationship first.
You would need to take time out to build quality relationships. The truth is, if you have less than 1, 000 friends on Facebook, you need to work on growing that number to 5000. And the 5000 should just be anybody but people you really want to build quality relationship with.
2. Cost Per Action (CPA)
You might have read about Cost per Action. The truth is I make money on Facebook with this. In simple terms, cost per action is a program that gives you commission on every sale you generate for the owner of the product. CPA is a big topic on it’s own that I can’t fully express in one post. But to make money from this, you need to find products and services your Facebook friends are interested in. When you find the CPA product/service, market it effectively on your Facebook but don’t SPAM.
Affiliate Marketing is also related to Cost Per Action but the way some affiliates offer their products and services most times differ from CPA. In order not to sound VERY repetitive, please read these posts I have previously written about Affiliate Marketing.
Network Marketing is the business for those who loves helping people succeed. You might have a wrong concept about Network Marketing, but I hope you will leave here today with a better concept. Also, in order not to sound VERY repetitive, please read the posts I have previously written about Network Marketing.
5. Sponsored Status Updates
I make money with status updates. What I mean by this is that, I get people who contact me to help them advertise their products/services with my status updates (on my wall, pages and groups). This is because I have lots of friends, I belong to lots of groups and I ‘like’ so many pages. I don’t do this every time so as not to look spammy to my friends and the quality relationships I build daily. I charge a particular price for the sponsored post updates depending on the type of product/service to advertise.
6. Facebook Ads
This is simply placing adverts on Facebook. To place adverts, you must have a service you are offering and you must also have a product to sell. And if you don’t have a product or service, you must either have fan page or a group. This is because it is insane to advertise when you have nothing to sell or promote. The truth is, you can use the Facebook ads to advertise your CPA products, Affiliate products and your network marketing company too. Also, if you have a blog, you can advertise it on Facebook and then earn money from on your blog.
7. Facebook Pages/Groups
Yeap! You have come across several Facebook pages and Facebook groups. People like me make money from them. You don’t have to be very experienced to do this too. This is because I didn’t get a degree in Facebook before I could make money on Facebook. What you need is a large friend/fan list, popularity on Facebook, ability to do business well and tools to get you started and moving forward.
READ: How to Make Money from Facebook Pages and Groups for more information on this.
In conclusion, if you choose to do nothing about this information, it’s all okay by me. That would help me minimize competition. And if you choose to do something about this information, feel free to keep in touch with me so that I can rightly assist you and start making money online through Facebook. Make sure you subscribe with your email, RSS, follow me on Twitter, become a fan on Facebook so as to get more useful updates on making money online, building online businesses and also creating wealth.
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