Facebook has remained one of the most engaging social media platforms. In addition, users can now monetize facebook which puts it ahead of the game.
Facebook has been around longer than most other social media sites. Up till today, it remains one of the most engaging social media platforms.
Facebook is captivating, and that is an undeniable fact. But do you know you can make money with your Facebook page? I guess you don’t, which means you are missing out on a simple, quick way to generate revenue.
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Making extra income on Facebook is not a difficult task to achieve if you put your mind to it. You can put your content on Facebook for fun while you monetize it.
You may make money off your content in a few different ways. So keep reading to know how to achieve that goal.
Four Ways to Monetize Your Content on Facebook
Making money off a Facebook page requires careful consideration. Here we would consider four which include;
- In-stream Ads
- Fan Subscription
- Branded Content
- Subscription Groups
How To Monetize Facebook via In-stream Ad
What is an in-stream ad? Many videos shared by pages contain in-stream ads which are often similar to those commercial ads on TV. They appear before a video or towards the end.
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Types of In-stream Ads
These are the two main types of in-stream video ads.
- Linear video in-stream ad: Takes the form of pre-roll, mid-roll, and post-roll. The ads run before the primary content commences. It appears again when the viewer is engrossed in the content; It will then play after the end of your video.
- Non-linear video in-stream ad: The ads do not follow a linear pattern. They play concurrently with the content. Ads will not interrupt the reading experience. Without letting the consumer wait for the primary content, the advertisements immediately load.
They let viewers engage with the ads in some way (click, minimize, etc.), and in most cases, they can serve as a constant reminder of the advertised product or service which potentially leads to more engagement.
How Do You Earn With In-stream ads?
You can insert short videos or picture adverts into eligible videos on Facebook. In-stream ads help qualified video creators earn money. Viewers may expect to see a variety of commercials because companies tailor their messages to specific demographics.
How To Monetize Facebook via Fan subscription
The people who care the most about your page can make contributions using fan subscriptions. They can contribute to its upkeep in a regular and recurrent manner of your choosing.
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A Facebook badge in the comment section indicates who has subscribed to the page. On the other hand, you provide them with benefits which include early access to new materials and discounts in exchange.
Fan subscription is good for accounts with a sizable and engaged fan base. Subscriptions to the fan base are currently invite-only.
How Do You Earn with a Subscription on Facebook?
How your Subscribers pay for their Subscriptions directly affects your share because taxes and other fees deducted would influence your pay. Also, you will receive the full purchase amount from online subscribers.
The mobile provider retains 30% of in-app purchase revenue on purchases made on iOS and Android devices, and 70% goes to the owner of the page.
When your Subscription amount reaches $100 or more, you will begin receiving monthly revenue. On the 22nd of every month, page owners with revenue generated via fan subscription get their funds.
How To Monetize Facebook via Branded Content
Branded content is the same as branded entertainment. It is a marketing term for content created by or with the support of an advertiser. The purpose of branded content is for brand awareness.
It does this by associating it with content that shares its values.
It contrasts with content marketing, in which material is largely provided as a brand’s marketing gimmick. Additionally, it differs from product placement, which is a practice whereby advertisers pay page owners to mention their brands in their content.
How to Make Money With Branded Content
Branded content provides a new revenue stream for virtual businesses, and all you have to do is create content about their brands and get paid. The strategy applies to independent artists alike. Therefore, there is no need for interference from Facebook.
How To Monetize Facebook via Subscription Groups
A Facebook subscription group is an exclusive community. It is created by entrepreneurs or business owners. The aim is solely for marketing purposes.
Those at the very bottom of your sales funnel can be served through a Facebook subscription group. Hence, you get paid monthly to access special content on your page.
In return, you give them new and exciting reasons to renew their subscription. You can deliver content like lessons, live sessions, and early-bird discounts on tickets to future shows.
How do you get paid?
When a customer signs up for a service, it costs them money, which is paid to your account. This is in exchange for constant, on-demand access to a good or service. The products are, of course, your content. Simply put, you generate income by charging clients monthly or annual charges.
How To Monetize Facebook: FAQs
Does Facebook pay for likes and views? Yes.
What is the minimum required number of likes and views on Facebook before you start getting paid? You need to have at least 600,000 minutes of view worth.
When can I use Facebook In-stream ads? When you meet up with the eligibility requirements.
When will I receive my subscription payout? When you reach the minimum balance.
Facebook monetization is an end state, not a starting point. The barrier to entry is higher than it is for other social media sites. Before you begin that journey, you should consider growing your audience.
Your other social media accounts are a fantastic place to start. Getting your fans on other platforms to follow you on Facebook is best. It will be much easier to monetize your Facebook page.