There are tons of proven ways to make money on Facebook and this is because Facebook is the largest social media network in Nigeria and the world at large. Individuals and businesses use the Facebook platform to promote their brands or businesses, sell products and services, run ads, build a profitable network, and many more. The good news is that anybody can make money on Facebook if you follow the right method.
Consider some of these suggestions below on how to make money on Facebook to either boost your income or start a side hustle in Nigeria.
1. Referral options(links)
If there is any online service that you love and willing to share with others, then think of the word of mouth recommendations, which is one of the most efficient forms of advertising. A lot of companies in Nigeria know this and that’s why they offer a refer-a-friend bonus to people.
One of the companies in Nigeria that offers refer-a-friend bonuses is Piggyvest. PiggyVest offers you N1000 per person when you refer a friend to sign up with them. This means that if 50 of your friends on Facebook sign up with them, they will pay you N50,000 and there are several others too. You can send email invites or share your link on Facebook with your friends to sign up with your referral code. If any of your friends sign up through your referral link, you can earn a cash bonus! You can sign up for Piggyvest from here.
2.Create a Facebook group in your niche
Having a niche is all about interest and passion. Then you must figure out the potential of that niche if it will help you to make money on Facebook. Thereafter, you start sharing content. Facebook pages allegedly have a low organic reach and people will likely forget about you if you are not consistent. So, you must have a pre-written pool of content.
Making money from a Facebook page is not a fortnight work. And having basic knowledge about the field is highly important. So, you have to create good and engaging content for your fans and inspire other people to like your page. Occasionally, you can create and sell an ebook or create a master group(paid) for some fans that may want more than you basically post on the normal page.
3.Become Facebook influencer
Facebook influencers are really cashing out big time from Facebook. All you need do is to open a Facebook account, have a good deal of engagements on your posts. Then you are getting close to it. But while doing this you need not forget the sole purpose of the page which is becoming a Facebook influencer in order to make money on Facebook. This you can do with just your normal Facebook profile.
As a Facebook influencer with a good fan base, individuals and companies will reach out to you for business promotions. Then you can charge them as you want depending on your size and traffic and make good money for yourself.
4. Selling of account
Another way you can make money on Facebook is by selling an account. Yes! this is possible and easy. You can create a Facebook account and build followers for that account when it has a huge following then you can put it out for sale. These days, marketers and brands buy Facebook accounts for their promotional purpose as Facebook gives more weightage to an old account.
In the same vein, you too can sell your old Facebook group or page if you have a great number of a relevant fanbase. These days, there are lots of online businesses that basically need an account with a good number of relevant followings to buy in order to kickstart their business. You can sell them to them too.
5. Running a Facebook group
It is easy to make money on Facebook when you know the right things to do. Running a Facebook group is a sure way to make good money for yourself. Now to get you started with this, create a Facebook group, and ensure that you get at least 10k members and good engagement in conversation around a niche. Do not bore your members so you have to keep them engaged with relevant questions, images, blog posts, polls, etc.
In return, you can earn money on Facebook through paid surveys, sponsored content, selling your own product/book/services, and of course affiliate marketing.
6. Social media manager
Do you know that you can get paid by managing as many Facebook cooperate accounts as possible if you are social media savvy? In order to be a social media manager, you need the basic skills of social media management. As a social media manager, your responsibilities are posting content on the Facebook page, scheduling posts, designing graphics for content, responding to comments of the followers and keeping them engaged, and building the size audience amongst others.
Interestingly, as a social media manager, there is a high possibility that you may have to manage other social media platforms where the brand has a presence. So you may need to be conversant with other social media platforms like Instagram, Pinterest, Twitter, etc. But bear it in mind that different platforms require different approaches.
7.Selling of product/services
Facebook marketplace is large with a huge number of potential customers for anyone who is willing to sell either products or services on Facebook. It is a free-for-all feature where you can buy, sell, or trade almost anything in your local area. Although the marketplace is not as specialized as local buy and sell groups on Facebook, everybody has access to the Facebook Marketplace so they can easily share your post with their friends and maybe even find that special something they’ve been looking for.
All of the aforementioned ways of how to make money on Facebook are achievable if you are determined to make money online. Invest time in carrying out good research about any of the methods that interest you and find a way to make it work for you. Lots of people are already doing them so you need to find a way to stand out amongst other competitors.