Facebook used to be a platform that was primarily for staying in touch with friends and family.
Now, you can earn on Facebook with ads, articles, stars, and brand partnerships.
Discover more as I show you how to use these to start making money on Facebook today!
5 Ways To Make Money on Facebook
Here are 5 easy ways you can make money from Facebook today:
1. Through In-stream Ads
The In-stream Ads feature allows you to get a commission on adverts placed on any video you post on Facebook. This is like YouTube monetization but pays better than YouTube ads.
To make money through In-stream Ads:
- Create a Facebook page
- Choose a niche
- Grow your number of followers to 5,000+
- Upload up to 5 videos
- Have up to 600,000 watch minutes on your videos in 60 days
- Apply for monetization.
Though eligibility may seem strict, many are cashing in with Facebook’s In-stream Ads.
You can get started with the in-stream ads feature right now!
Related Article – How To Make Money on YouTube in Nigeria
2. Through Instant Articles
If making videos isn’t your thing, you can earn money with Facebook Instant Articles.
Just go to Meta Business Suite, open ‘monetization,’ and apply. All you need to do is accept their terms, Add 10 articles from your blog for review, and finally set up monetization.
To make money using Facebook Instant Articles, you need to have a blog that gets a decent amount of traffic.
3. Through In-stream Ads for Live Stream
If you enjoy live streaming on Facebook, you can earn with In-stream Ads for Live Stream.
To be eligible:
- Create a Facebook page
- Grow your number of followers to 10,000+
- Achieve 600,000 minutes of views in the last 60 days
- Have 5 active videos on your page including 3 previously live videos
4. Through Facebook Stars
Facebook Stars is a feature that lets you monetize your video and audio content. Viewers can buy Stars and send them to you while you’re live or on past live videos that had Stars enabled.
For every Star you receive, Facebook will pay you one Penny USD.
5. Through Brand Collaboration
Use Facebook’s Meta Brand Collabs Manager to connect with brands. If you have a big following, you can apply for brand collaborations.
Here, you’ll be able to market products and earn a percentage from ads on Facebook.
Related Article – How To Make Money on WhatsApp in Nigeria
How to Receive Payment from Facebook
To receive payment from Facebook, follow these steps:
- Log into your Facebook account. Ensure you have a business page, as this is necessary for the process.
- Go to “Business Settings” on your Facebook page.
- In the Business Settings, find and select the “Payments” option.
- Click on the “+ Add” button to start adding a payment method.
- You will be prompted to fill out your payment information. This includes specifying your country and the currency you want to use.
- After filling in the necessary information, select “Continue.” Follow the on-screen instructions to finalize setting up your payment method.
- Keep in mind that to make these changes, you need to be an admin or a finance editor of the Facebook page.
FAQs
Can I make money on Facebook by posting?
Yes, you can make money on Facebook by posting. Various methods include selling products or services directly through a Facebook shop. Other methods include affiliate marketing.
You can earn through sponsored posts and advertising. You can also monetize your videos with in-stream ads. You can also earn by managing Facebook pages.
You can also offer paid courses or webinars. The amount you can earn depends on factors like engagement, reach, and the nature of your content.
Can I make money on Facebook without selling?
In addition to selling products, you can make money through sponsored content, affiliate marketing, or monetizing your Facebook videos. You can do this if you meet the eligibility criteria.
Can you make money on Facebook in Nigeria?
You can make money on Facebook in Nigeria. Just follow the platform’s rules and have monetizable content.
The specific opportunities may depend on the monetization tools available in Nigeria. They may also depend on any regional restrictions or requirements imposed by Facebook.
How many followers do you need to earn money on Facebook?
The number of followers required for monetization varies depending on the method. For example, brand collaborations might require at least 1,000 followers. In-stream ads and subscriptions might need at least 10,000 followers.
Can you earn money on Facebook through likes?
Directly earning money through likes is not a standard practice on Facebook. However, a high number of likes and overall engagement can contribute to the visibility and potential monetization of your content.
For instance, more likes can lead to a wider reach. This is beneficial for methods like affiliate marketing, sponsored content, and video monetization.
Conclusion
Facebook is no longer just a social platform for staying in touch with loved ones. The platform now has various features that can help you make money. Some of them include the In-stream Ads, Instant Articles, Stars, and Brand Collabs.
