In our recent issue, you learned how to make use of special offers, contests and free gifts to get more Facebook fans. In this issue of Facebook for Business we are going to go over a few tips for earning money on Facebook.
Whether you want easy money or to prosper a long-term business online, now both are achievable through social networking site, Facebook. Today let’s explore on some of the money-generating strategies on Facebook.
- Merchandising
Quite a lot of Internet businesses from industries like travel, consumer products, health and food are clearly taking advantage of Facebook to get more customers. And why not A great number of people can be reached from Facebook. Having online presence through Facebook depends entirely on the owner.
While there are a lot of business owners that attest to the helpfulness of Facebook marketing, there are also numerous others who aren’t certain of its potential.For those who do decide to sell their products through Facebook, there are several programs you can tap in order to be more organized.
Ebay already has a unique application meant for their Facebook users. Radical Buy, on the other hand, is an application that immediately posts products and makes it visible in the customers? walls. Other applications you can benefit from include Flame Tunes, Lemonade and Music Blaster.
Facebook is not limited to selling products. You can sell your services here as well. In relation to the second money making usage (See Application Development below), one can also sell different programming and Customization services online. Facebook partners with Paypal for these micro payment schemes.
- Program Creation
The social network itself reward various marketers who will help enhance their various programs available from monetizatization to marketing. Facebook pays for useful recommendations that will help them develop these. Even third parties continue to post positions online for developing different applications for their companies. As of recent news, there are still very few people exclusively focused to producing applications. Because of this, looking for prospects won’t be a big issue.
Computer programming has become a very crucial feature of company leads generation lately and most applications reach several thousands.
- Endorsing
Affiliate marketing is one of the most populr ways to make money on Facebook. There are a number of sites looking to integrate various parts on Facebook that are accessible 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 companies are constantly looking for people to bring their advertisements.
These people promote their products in exchange for a comission. At times, some companies don?t even require for their products to be bought. In some cases, any form of action such as people simply 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.
Be sure to watch out for the next issue of Facebook for Business. We are going to talk about using Facebook Groups for your business.