Have you been looking for some information on how to monetize Facebook groups? If so, you are in luck, as that is exactly what we are going to talk about today! Find out here how to make money from Facebook page, as we discuss 7 ways of monetization everyone should know about.
Photo: pinterest.com
So you have a Facebook group but you have no clue how you can make it profitable? Not to worry, as we have prepared 7 methods that can help you gain money from Facebook groups, and in some cases, the groups do not even have to be yours! So strap in and get ready to learn how to earn money from Facebook.
How to make money on Facebook through Buy and Sell
Photo: vulcanpost.com
This is probably one of the easiest ways you can make money from Facebook. You just need to find some local Buy and Sell groups and use them to sell stuff you have no use for, or you can try selling the fruits of your labour. As you can see, you do not even need to be running a Facebook group to earn money from it!
Alternatively, if you so choose, or if there is no Buy and Sell group in your neighbourhood yet, you can create one yourself. This will also allow you to make sure your products gain enough attention from the potential buyers, as you are the one controlling things.
One more option is to have a store on your Facebook group. This is for when you have actual products you can offer, not just things you have no use for anymore. Facebook has become a rather convenient platform for selling things this way, as it makes the seller-buyer communication much easier, among other things.
Not that long ago, Facebook also launched Marketplace. Now, this is not exactly a group (as far as we can tell), and it is not yet available everywhere, but it also allows you to sell items via Facebook. So if it is available in your region, you can give it a try as well.
How to make money through Facebook by offering services
Photo: change.org
READ ALSO: Clever Facebook statuses: top 77
Apart from things, you can also sell services. There are plenty of Facebook groups for those who are looking for people to do various things for them, so there is a fair chance that your services are needed by someone. Go ahead and see whether you can put a decent price tag on your skills.
Similarly to the first point, you can either advertise your services on already existing groups, or you can create your own group for people like you. Moreover, you can have a whole group dedicated solely to your services, where you can describe what you offer in more detail than in a single post.
Use your Facebook group to drive traffic to your other ventures
Photo: rd.com
Now, this way is only for people who have something that is already monetised, like a website, a YouTube channel, a blog or something similar that could use some advertisement. It is especially useful if your Facebook presence is more significant than on your other platforms.
If you post links to your channel/website/blog/whathaveyou and share some information about it that might interest people in checking it out, the so-called ‘power of Facebook’ can bring a lot of new visitors to you purely through the word of mouth.
Make money on Facebook through advertisement
Photo: mattmcwilliams.com
READ ALSO: How to identify fake Facebook accounts easily
On Facebook, ads are just as prevalent as on all other social media. There are many options to choose from if you want to have ads on your page, so as long as you are interested in gaining money from advertisements, you can find something that fits you best.
You can collaborate with other people or brands and promote their products or services. This can be done through either pay-per-click system or affiliate programme. In the first case, you get paid for every click of your page visitors on the ad in your group. In the second case, you get a percentage from every action (sale, subscription, etc.) your visitors perform by using your affiliate link.
How to raise money on Facebook for donations
If you run a non-profit group, you can set up donations for your page. As long as you are campaigning for a worthy cause, you can use Facebook to collect donations from interested individuals. This social media website has made it very convenient, as people can now donate with a press of a button.
In order for you to get a Donate button, your page must be certified as a non-profit organisation. Once you gain the ability to add this button to your page, you will also be able to use it on your posts. That way, people will not even have to go to the page to donate, as they could do so directly from the post.
Use your Facebook group to raise funds
Photo: entrepreneur.com
READ ALSO: Facebook ID card: apply online with this guide
While this is similar to the previous option, this one is available for everyone, not just non-profits. If you have a worthy cause you want to raise funds for, you can create a personal fundraiser on Facebook. With its help, you can collect donations from people sympathetic to your cause.
Now, keep in mind that this is no Kickstarter. If you planned to raise money for your business start-up, this might not be the best platform. Personal fundraisers on Facebook can be for personal emergencies, medical/funeral bills, crisis relief, community improvements and other things of this sort. That said it is still a very useful tool that allows anyone who is over 18 to create a fundraiser for a worthy cause.
Monetize your Facebook group by charging a membership fee
Photo: isupdate.com
You might be aware that there are lots of closed or secret groups on Facebook, where you can get admitted only if you fulfill the requirements. Well, why not make one of the requirements a subscription fee? If you have some valuable information to offer, you should not offer it for free :)
A few months ago, Facebook introduced subscription groups, which make the process of charging an entrance fee to a group much easier. However, this service is not yet available in all regions, so you might have to stick to the old ways for a while.
As you can see, there are many ways you can monetize a Facebook group, be it yours or someone else’s. If you are serious about this, you should have been able to find at least a few that are applicable to you, so go ahead and implement them!
READ ALSO: How to get my Facebook Access Token
Source: Legit.ng