How To Make Cash From Social Media Marketing
Thursday, April 21st, 2011In our recent issue, you learned how you can use of promotions, contests and freebies to get more Facebook fans. In this issue of Facebook for Business we are going to go over a few tips for making money on Facebook.
Whether you want extra income or to grow a long-term business online, now both are attainable through social networking site, Facebook. Today, you’ll learn about the top income generating techniques you may use on Facebook.
– Retailing
A growing number of businesses among fields like health, travel, food and consumer products are taking advantage of Facebook when it comes to getting sales. This is not a surprise anymore. Facebook is very user friendly and accessible to almost anyone. Having online presence through Facebook depends entirely on the owner.
While there are a lot of business owners that attest to the usefulness of Facebook marketing, there are also numerous others who aren’t convinced of its possibilities.For those who do decide to sell their products through Facebook, there are several applications you can tap in order to be more organized.
Ebay already has a unique program meant for their Facebook users. An application called Radical Buy, easily and quickly posts products and makes them easily reachable to the potential customers. walls. There are also specialty applications like Music Blaster, Flame Tunes and Lemonade.
Facebook is not limited to selling different products though. You can sell your services online as well. With regards to the second money making usage (See Application Development below), anyone can sell various programming and Customization services online as well. Facebook works with Paypal for these payment transactions.
– Application Creation
Even Facebook itself is giving very profitable benefits for people who will help them develop different applications in their market from monetization to advertising. The site pays you for suggestions that will help them develop these. Even other websites continue to post positions online for creating and managing a wide variety of applications for their businesses. As of recent news, there are still very few people entirely concentrated to building applications. Because of this, looking for potential customers won’t be a big issue.
Computer programming has grown to be a very important feature of company leads generation nowadays and most applications reach several thousands.
– Promoting and advertising
Affiliate marketing is one of the top ways to generate income on Facebook. There are numerous sites looking to infiltrate unique areas on Facebook that are exposed to customers. Most use their own sites for cross-promotion. Quite similar to what you do with Google Adsense (although Google Adsense if not applicable in Facebook since the site doesn’t run with a Java application) where ordinary people place ads in their personal space, affiliate marketing also works the same way. Webstores such as Ebay, Amazon and other companies are always on the look out for people to use their advertisements.
Most of these work on a commission basis meaning that when someone purchases a product or service that your wall is advertising, then the owner of the wall will receive a significant amount. At times, some companies don?t even require for their products to be bought. In some instances, any form of action such as people simply clicking on the ad or creating an account.
With these three money making techniques in mind, you can be well on your way into making more than what you expected out of a social media management site that was once just a pastime.
Look out for our next issue. You will learn about how to make use of Facebook Groups for your business.
Whether you have a small or large scale business, you can take advantage of Facebook marketing. If you turn to Facebook for Business, you’ll see that it not only helps in marketing your products or services but also maintains your business as visible online.