Facebook has exploded onto the social networking scene, and there are plenty of people all over the world who have realized the earnings potential of this site. Facebook is a multi-million dollar industry right now, and the potential just continues to grow, especially with the new Facebook PPC program.
On MySpace, you cannot directly sell or promote any type of product or service unless you stay out of the eye of big brother. Facebook is much easier to use to generate profits online. On Facebook, there are plenty of ways one can make money quite easily. Facebook is adding users at a faster rate than MySpace, and is poised to remain at the top of the social networking heap, recently passing MySpace up in traffic figures. What this means to you as an online marketer is millions of potential customers!
Facebook has a lot of ways that you can utilize it to make money, and all of them are definitely viable. Here are five ways to jump start your Facebook marketing campaign.
1. Create Yourself or Your Product a Facebook Blog
This technique can work extremely well, however you must be able to set yourself apart from the crowd. With over a hundred thousand blogs already created, competition is stiff, but once you have a large audience, you can make good money selling ad and banner space within your blog to other marketers who want to cross promote. If you put the time into your blog, you will be greatly rewarded.
2. Facebook Consulting
Companies see the profit potential in using Facebook to market there products. Because of this, these companies are all dying for a great Facebook application developer. With Facebook being relatively new, the number of people who are skilled with the site are few and far between. If you are one of these skilled people, it has been noted that you could earn 2-500 an hour! If you are knowledgeable with this type of work, it would simply be crazy not to be exploiting it.
3. Develop Your Own Applications
Most people will tell you that you will never be happy working for someone else. In that case, you should be developing the next hot application for Facebook. If you have the skills, then you can grow your user base and then sell advertising space in your application. This may require a decent amount of time to be invested, however when it is said and done, you have an automated money machine.
4. Facebook PPC
If you are already well versed in the PPC field, and are good with Adwords and YSM, then you should explore Facebooks exclusive PPC program. There are plenty of people who are already utilizing this technique to make a lot of money on Facebook. The Facebook program is highly customizable and will get you the highly targeted clicks you need.
5. Write A Book About Facebook
If you have both development and writing skills, then you can use those to double dip on your profits by writing an Ebook. You can write on how to use Facebook applications to make money, or even an Ebook on doing a full application design and implementation.
Facebook is one of the many new websites you can use online to make money from your various skills. Take some time to explore the site and its applications, and figure out what you can use in your MMO arsenal.
These are all great ideas and I know plenty of people that are making money on facebook with these techniques. However, many people do not have the resources or technical know-how to make money on facebook by building popular applications. I think that many people just want to make extra income by “working” a couple of hours a week.
You are right though that the big money is in applications.
Comment by FacebookMoneyMaker — October 26, 2008 @ 11:16 pm