Facebook does not pay users for just having an account or just posting contents. The platform offers several monetization programs that allow users to earn based on the value they bring to their audience. In this blog post we will be discussing how Facebook’s payment system works, and how you can make money on the platform.
- Include Ads in your videos
Meta states that your Facebook page must have 10,000 followers to be monetized, which is when you can start putting Facebook ads on your videos. So if you are a user on Facebook and you have attained over 10k followers you may have to include Ads to your videos to be paid. Facebook pays user through in-stream ads.
- Collaborate with other brands
You can publish a content featuring a brand and tag them using branded content tools. You and your partner will both have access to insights about the reach and engagement of these posts. You can also use Brand Collabs Manager to get discovered for paid partnerships and unlock the earning potential of your Facebook presence.
- Post live videos
Facebook Stars is a feature that allows you to monetize your video and audio content. Once you do live videos and your viewers send you stars you are earning already. Stars lets viewers connect with content publishers. Viewers can buy or send stars and you earn one pence for every star you receive.
- Add a subscription shortcut
Subscription allows fans to support creators by paying a monthly fee for exclusive content on Facebook. Subscriptions allow you to receive consistent, predictable earnings, while giving your followers the opportunity to support your work. They can help you connect more deeply with audiences, identify your biggest fans and grow your subscriber base.
Other ways to make money on Facebook
- Join buy and sell groups
There are several groups on Facebook that has a large number of people who are engage in what you are doing too. You can join such group. Sales are possible because of the number of people in the group. If you don’t see a group for the product you want to sell, you can just create your own. Facebook is a cool platform because it has a wide enough user base that you can find a group in almost any area.
- Sell on Facebook marketplace
Facebook Marketplace is an excellent feature of Facebook where different businesses and individual sellers come together to hawk either a digital product or a physical one. Skills like item flipping, especially when dealing with a physical product, can earn you quite a lot of money. You may be asking who buys things on marketplace. The truth is people do. So many businesses thrive on Facebook market place. All you need to is to take clear picture of what you are selling and posting stating the necessary details about the product. You will see people who are interested in the product making purchase.
- Promote your product on your personal profile.
Once your profile is create, do well to organize it properly and start posting your products on your timeline. Your friends who may be interested may make purchase or refer someone who need s it. Always encourage your followers to share your post, by so doing you will reach a larger number of people.
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