Making and Earning Money Online with Facebook

Posted on July 23, 2008
Filed Under Internet Marketing, Make Money Online, Social Networking | 4 Comments

Make money through Facebook’s legendary Social Networking widget platform, which has a huge community reportedly consisting of more than 80 million active users. This presents thousands of advertisers, developers and business site owners an opportunity to uncover ways to monetize their Facebook applications. Here are a few ideas on how you can go about developing new applications to tap into the Facebook environment and to make money from it:

Advertising Approach (Affiliate Marketing)
A great way to make money from Facebook is to use Affiliate programs, Advertising and Cross-promotion schemes that you have joined up with. It is said that if you advertise on your profile, your friends will more than likely be interested in what you have to offer and this will bring in some extra money for you. Google Adsense will not run on Facebook as Javascript has been disabled so remember to add affiliate code that does not contain Javascript.

Micro-payment Transactions
You can always look at selling your development services on Facebook for a price, depending on the application’s size and purpose. You can get paid through online payment systems like PayPal. This could be a lucrative way of making money online via Facebook.

Sell your Developed Applications
Try selling your developed applications to interested parties who may be interested in your product. Half a dozen applications have been acquired in this manner. Who knows, you could be asked to develop future applications or even be employed by a company who is seeking a Facebook Application Developer.

Your Application Needs Investment
You might find that you have developed something big and need some investment to rollout your Facebook application. You can apply through companies like Bay Partners that fund developers that have developed Facebook applications if you are looking to expand your product globally.

Drive Traffic from Facebook to your Website
You can drive quality Internet visitors from Facebook to your own website by advertising on Facebook with their targeted online Ads. They offer Pay Per Click ads, CPM with their Social Ads or through their Facebook Pages. This will bring more quality, targeted traffic to your website and will benefit any Advertising or Affiliate programs that you run on your site, allowing you to make more money online from your website.

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Comments

4 Responses to “Making and Earning Money Online with Facebook”

Matt Hanson on July 24th, 2008 12:00 am

Good writing. Keep up the good work. I just added your RSS feed my Google News Reader..

Matt Hanson
make money online on July 25th, 2008 5:37 pm

make money online…

Thanks for the great post! Looking forward to many more. B>)…
Lambert - Make Money Online on August 4th, 2008 4:15 am

Excellent! information given by you, Its really nice to read your article.
bantingboy on August 15th, 2008 6:06 pm

good. i like it. before this, i never know that we can use facebook to make money.