How to Make Money Online With Facebook

Facebook is the world’s second biggest website in the entire world right before YouTube. Can you believe that? If you have been part of the Internet Marketing world for sometime now, you would know that any traffic-heavy website is an opportunity to make at least some decent cash. Facebook can be used for both personal use or business use. The opportunities with a traffic-heavy site like Facebook are endless. There are many ways you can approach Facebook and monetize it. Knowing that Facebook is a free social networking site that anyone can use, it sets many opportunities for many individuals to benefit from it both socially and financially depending on which way you approach it.

How to Make Money With Facebook

There are a variety of options you can take in pursuing your conquest of making money from Facebook. Both requiring some sort of skill or knowledge in order to make money off Facebook. Lets start off with the first option: making money from developing Facebook applications.

Developing Facebook Applications: If you are experienced in developing useful applications for the social networking site Facebook, consider it as a free opportunity to make some cash. The most biggest ever sold application from Facebook was the application Where I’ve Been that has been sold for $3,000,000. Consider this purchase a success story to many Facebook application developers out there wishing an opportunity like this is to come for them too. Not only has this purchase from the original developer (Craig Ulliott) changed his life financially, it inspired many developers that Facebook can actually indeed be a great place to showcase applications and collect viral attention like the application Where I’ve Been that was sold for 3 million dollars to TripAdvisor. What this purchase really demonstrated was that Facebook may actually be the real deal where experienced developers can be rewarded for their hard effort of making useful applications. Nowadays, you could find that many people are willing to hire experienced Facebook app makers to make a useful Facebook application in reminiscence to this deal in hopes of making it big.

Even if your objective is not to sell your Facebook application if you plan on creating one, you still can make some money from your application. However, it includes incorporating ads within your Facebook application. Ideally this method of making money is great for Facebook game developers because games generally have a higher click-through ratio.

Facebook Groups: The first thing that comes to mind probably when you are thinking about a Facebook group is a huge community. A huge community where Facebook users from anywhere around the world can socialize and share tips, ideas, and more right? If you learned some few things about Internet Marketing, if you learned anything at all, you should know that anything that involves a large community is an opportunity to make money. I’m not talking about puny groups that only have 100 or 1,000 members in it, I’m talking Facebook groups that have over 50,000 and sometimes even 1,000,000 members – the real deal. How is it is possible you say? It is not as hard as you may think.

In order to obtain a large group with more than tens of thousands of members, it takes a bit of patience and common knowledge. First off, you know that Facebook is a social networking site, which means you know people are on Facebook to socialize. Your first step is to use that knowledge to your advantage and attract socially active people with proper techniques such as:

• making a group on the most recent hot buzz (e.g Pants on the Ground – original). It can grow tremendously quickly. For the group ‘Pants on the Ground’ you can see that it has grown to a massive 1.6 million member group. Just 7 days from the original make of the video.
• making the group name fun and interesting that makes people want to click on it
• making the group fun and edgy
• having a clear theme on what the group is about

These are all the things you need to work on to get your group ready and running active. Everything else to get your group running in the initial stage of your Facebook group may require some background work to get your group pumped; such as inviting friends, running an advertising campaign to join your group, join similar groups and recruit, & etc. Once you have your group down and is beginning to grow periodic per day, that is a good sign. The idea of making money from Facebook groups is to accumulate enough interested readers on a specific topic and when it is the right time, use your power as the group administer to disclose sites of your own or related offers where you the affiliate can benefit financially. This technique of money making is sort of like blogging except you are given the resources on a traffic-heavy social networking site to accumulate a large community anytime, within a smaller time frame to make more money.

How to become an affiliate and earn compensation for your Facebook efforts? I recommend joining Commission Junction or ShareaSale.

For the most part, most Bloggers already have their own Facebook pages because large social networking sites like Facebook, can make a huge impact on sales. That is why many marketers try to follow the most up-to-date hot trends and try to relate to it. And whenever they get the chance, they act because it is free publicity you know? Who would pass on free publicity right?