5 Best Ways to make money using FaceBook

Could you make money from your Facebook addiction?

The average Facebook user spends more than half an hour per day on the site, and Facebook profits handsomely off you!

($70 billion in 2019 revenue!)

There are a plethora of ways to generate money on Facebook, with over 2.4 billion users, a sophisticated advertising platform, and a popular peer-to-peer marketplace.

In this article, I'll go over several tried-and-true strategies for turning Facebook into a money-making engine.

1. Establish yourself as a group's go-to expert.

Being helpful is one of my favorite ways to get money on Facebook.

Steve Stewart is a master at this in the FinCon community. He offers useful advise whenever a concern about podcasting or podcast editing (his area of expertise) arises. Others in the group have taken notice of Steve's notoriety and have tagged him in relevant topics.

He's become the go-to expert over time.

Where does the money come from, then?

Another presenter requested assistance with their podcast after years of producing his own. Steve said yes, and his podcast editing company took off from there. He had enough work — and revenue — within six months.

Use this method to make money using Facebook.

2. Make Use of Local Groups to Promote Your Services

Erica Krupin advertised her pet waste disposal service and provided a preliminary estimate of pricing in dozens of local buy/sell/trade groups that she was already a member of when she first started her business.

She went to a conference for the weekend, expecting to obtain maybe one or two hits.

Erica informed me, "All of a sudden, my purse just started vibrating like crazy." She was getting hundreds of messages from people enquiring about her service in the groups where she had placed her ad.

"That post definitely netted me $5,000-$6,000," Erica said.

Use this method to make money using Facebook.

3. Use a Facebook Group as the Top of Your Sales Funnel

It's actually the very first thing on the website! Many individuals use the site as a search engine as well.

So the question is, will they be able to locate you when they search?

Create a group on your topic as a creative approach to leverage Facebook search to your advantage. (In the same way that I did with Side Hustle Nation.)

I recently started collecting emails when new members wish to join using the GroupLeads Chrome plugin.

Nonetheless, I believe Abbey Ashley's Virtual Assistant Savvies group is a better example because she uses it as a "top of the funnel" marketing channel for her main business:

People find her group by searching for "virtual assistant" or similar terms.

The majority of her income comes from selling a course on how to become a virtual assistant, but no one knew to her is willing to invest in such a high-ticket item. As a result, she warms them up through the group, free training, and emails. Use this method to make money using Facebook.

4. Crowdsourced Content for Your Blog

One of the ways I generate money on Facebook is by assisting in the crowdsourcing of content for my blog. It might be beneficial to gather a variety of post ideas, and Facebook is a fantastic place to do it.

For example, I was looking for the greatest business ideas for kids and solicited proposals from several of my Facebook groups. I received several incredibly innovative examples, and the final blog post now has a high Google ranking and is generating email sign-ups and affiliate commissions.

You don't have your own blog yet? My free video series will assist you in getting started. Use this method to make money using Facebook.

5. Create and Monetize a Local Facebook Group

Melissa Fassel Dunn started a Milton, Massachusetts, Facebook page. Milton is a suburb of Boston. She intended for the club to be a location where she could share knowledge and recommendations with other parents, but it turned into a thriving company.

Melissa also offers local directory listings, special stories, and advertising in her daily newsletter to small-town residents through her website.

Use this method to make money using Facebook.