Since its release in 2004, Facebook has fundamentally altered the landscape of the internet.
What was once a simple online hub for meeting and talking with friends has now become one of the world’s largest companies with over 2.2 billion individual users!
That means that today’s marketing students have a new avenue that offers more possibility than any before. With a little bit of ingenuity and a few minutes, you — and your audience — will experience a surge.
Looking to do more on Facebook than just post about your day? Learning how to make money on Facebook is entirely possible. Here are a few quick ways to make money on Facebook.
Sell Old Goods on Facebook Marketplace
Craiglist is a great way to make a quick buck and clear your room of any old or outdated goods. Unfortunately, it’s also accumulated a bit of a reputation.
Facebook, understanding that they had a unique opportunity, decided to stake a claim in the user-to-user marketplace with its own offering, Facebook Marketplace.
On Marketplace, users can sell virtually anything and everything for a price they set. And since Marketplace uses geolocation, you won’t have to travel far to offload your goods.
Hone Your Social Media Management Skills
If you’re a marketing student, (see page to find a great online MBA program) you’re likely learning a ton of marketable skills in school. However, learning those skills and putting them into practice are two very different matters.
Get a head start on your career by partnering with local businesses to manage their social media profiles. It has the potential to be a mutually beneficial experience.
The local business gets exposure and a bigger audience, and you have a chance to make some money while padding your resume.
Should you enjoy your experience as a social media manager, you may want to look into full-time career options. Per year, the average social media manager makes between $34,432 and $56,571.
Who knew you could make money on Facebook just by using the site?
Experiment With Affiliate Marketing
If you’ve spent any time learning about digital marketing, you’ve probably at least heard the phrase ‘affiliate marketing’ or ‘influencer marketing‘ in passing.
It’s a relatively new phenomenon that’s taken the web by storm, but it’s easily one of the most effective methods to make money on Facebook. Bloggers and vloggers get paid just to talk about products they like!
So how does it work?
Typically, a business will reach out to an influencer with a sizable audience. In your case, you may need to reach out first, but the idea is the same.
Then, once the details of the partnership are laid out, the influencer creates an original ad discussing the product or service in question. It may seem too good to be true, but influencer marketing is currently one of the biggest trends in the marketing world.
Final Thoughts on How to Make Money on Facebook
You may think of scrolling through Facebook as a waste of time, but figuring out how to make money on Facebook is quite simple!
Looking for more great ways to make some fast cash? Be sure to check out our Shoeintology page to learn the basic tenets of modern day marketing.