Consider some of these suggestions in this article on how to make money on Facebook in Nigeria. Either to boost your income or to start a side hustle.
5 Simple ways on How To Make Money on Facebook
Are you one of those wondering how to make money online through Facebook? If your answer is "Yes!" Then you are on the right track because this article is for you.
I have written an article on "8 online business ideas that can make you rich in Nigeria" right on this blog and Facebook is part of them, click HERE to read.
There are a lot of legit ways to make money on Facebook in Nigeria. Why? Because Facebook is the largest social media network in the world at large.
There is more to Facebook than sharing selfies and chatting with people. I'm not saying these activities are wrong but there is something many people have never given a thought and that is...
How you can make money while using Facebook.
Everyone sees Facebook as an avenue for meeting new people, socializing with friends and relatives, and catching fun. But there’s more to Facebook, I see it as an avenue to make some cool cash online.
The best part of making money on Facebook is that, anybody, I mean "Anybody" can make money on Facebook if you follow the right method.
Either to boost your income or to start a side hustle. Consider some of these suggestions below on how to make money on Facebook in Nigeria.
How to make money on Facebook in Nigeria
The following are the top 5 easy ways to make cool cash on Facebook without having to wait for long:
1. Make Money With Facebook Marketplace
First of all, What is "Facebook Marketplace"? Facebook Marketplace is a digital market place that allows users to buy, sell and trade items with other people in their area.
This is one of the simplest ways to make money on Facebook. Simply by selling your used or new items, sell everything from cars, cell phones, accessories, PCs and furniture.
For anyone who hasn’t noticed it online, Facebook has a shortcut on their app and website to the marketplace.
How to Sell on Facebook Marketplace
To start making money on facebook by selling items using marketplace, you can simply:
- Login to your Facebook account, if you do not have one, create.
- Tap on the Marketplace icon as you can see in image above or visit www.facebook.com/marketplace
- Next, you will be asked to add photos of what you want to sell. Take a lot of quality pictures of your product, detailing different angles of it.
- Choose a title to describe what you want to sell. For example, if you are selling a couch, it may be, “Brown Real-Leather Couch.”
- After that, add a description of your product. Use this section to sell your product and do a full detail description of what you’re selling. Include details of any scuffs, tears, or scratches on your product.
- After you have entered all the data on what you’re listing, it is time to explain where you are selling it. The marketplace will ask for your location, so others near you can check out what you’re selling.
- Finally, list your product!
NOTE: You can also add several groups in your area and list your items in those groups as well.
Facebook marketplace should pull up an option for that, but, if not, you should be able to find groups in your community by using the search bar.
12 Items You Can Sell on Facebook Marketplace
Facebook marketplace is large with a huge number of potential customers for anyone who is willing to sell either products or services on Facebook.
The items you should consider selling need to be worth the time you are putting into listing it and meeting up with a buyer. The 12 items include:
- Laptops.
- Televisions
- Cars.
- Home goods.
- Pet supplies.
- Baby items.
- Yard tools.
- Outdoor recreation items.
- Video games.
- Furniture.
- Jewelry
- Collectibles.
Here are some tips when it comes to selling on the Facebook Marketplace:
- Be sure to include clear pictures of what you’re selling.
- Provide details like model number, condition (be honest), etc.
- Make sure you are selling it for the right price.
- Check what the same or similar items are selling for from other Marketplace sellers or on other sites like Jumia, Konga or Jiji.
- Keep in mind there is some negotiation with potential buyers and many will try to low-ball you. If you don’t think it’s a fair price you’re under no obligation to take the offer.
What to do if your item isn’t selling on the Facebook Marketplace?
There are several reasons why your item couldn’t be selling. I will address a couple of common problems and solutions.
1) If the price of your item is too high
People come to the marketplace for the best deals and if your price is too expensive. Few will view it and even less will buy it. Try lowering your price by a few naira.
2) If enough people are not seeing it
If you received no messages or views on your item, place it in a couple more Buy, Sell groups to see if you can improve it's visibility.
3) If there is no demand for what you’re selling
Certain items are reliably in demand, while some items are not. Try to post or list items that are hot and highly in demand.
Selling on the Facebook Marketplace is not a way to replace your income, but it can make you a little side hustle money, especially if you pour time and effort into it. Do you have a question about the facebook marketplace? Please drop your question in the comment box below.
2. Make Money From Facebook Affiliate Marketing
First of all, what is "Affiliate Marketing"? Affiliate marketing is the process by which you earn a commission for marketing another person's or company's products or services.
You do not need to have any product. All you need to do is just recommend products of other people through a referral link and get paid for your effort.
Affiliate marketing can be done through Facebook because there is an audience for all kinds of products on Facebook.
When using Facebook for affiliate marketing, the first thing to do is to create your own page. This is very simple!
How do I create a Facebook Page?
- Go to www.facebook.com/pages/create.
- Click to choose a Page type.
- Fill out the required information.
- Click Create Page.
After creating a page, building massive followership on your Facebook page, you can start making money from the page by promoting products that your followers will be interested in most likely.
This is usually done by sharing "review-posts" that have your affiliate links within them.
As an affiliate marketer, a good strategy would be to choose a theme or topic that you are passionate about.
For instance, if you are a fitness freak, a good idea would be to promote products and services related to lifestyle and fitness.
Each time a follower clicks on your affiliate link to buy a product or service you promote on your page, you will also get a commission on that sale.
Here is a good example.
One of the companies in Nigeria that offers an affiliate program is "Piggyvest" (by referring-a-friend with a link). PiggyVest offers you 1,000 naira for each person that you refer to sign up with them.
This means that if 50 of your Facebook page followers sign up with them through your affiliate referral link, they will pay you 50,000 naira and there are several others too.
You can send a message invites or share your link on Facebook with your friends to sign up with your unique referral link. If any of your friends sign up through your referral link, you can earn a cash bonus!
View more about how affiliate marketing make money
3. Make Money as a Facebook Manager
Despite the fact that Facebook is so user-friendly that anyone can use it without difficulty, some people don't have the time or just can’t get around tasks like setting up a Facebook page, using a Facebook app, and so on.
You can make money by becoming a "Facebook Manager", managing individual's and company's Facebook profile, group and page.
As a Facebook manager, your responsibilities are beyond posting content on the Facebook page, you will also schedule posts, design graphics for content, respond to comments of the followers, keep them engaged, and build a huge audience amongst others.
Do you know that you can manage as many Facebook corporate accounts as possible? Yes! if you have the social media knowledge and ability?
4. Facebook Influencer
An influencer is someone who use social media regularly and has a huge followers and also viewed as an experts within he's or her niche.
Before a company can consider someone as an influencer, they typically need enough followers and audience engagement to show that working with them will have some sort of tangible impact, even if that’s just exposure.
A decade ago, the influencer marketing arena was limited only to celebrities but now, it seems like we’ve seen social media influencers rise and saturate the market.
Facebook influencers are really cashing out big time from Facebook. All you need do is to have a good deal of engagements on your posts. You can do this with just your normal Facebook profile.
Individuals and companies will reach out to you for business promotions. Then you can charge them as you want depending on the size of your followers and post engagements. You can make good money for yourself on Facebook as an Influencer.
5. Make Money From Facebook Video
You have learned how to make millions on YouTube right? You can also make money from the videos you upload to Facebook too. Few years back Facebook introduced video advertisement for publishers. I am sure you have seen many videos on Facebook.
Video advertisement which is also known as "Facebook Ad breaks" are only available to Pages that publish videos in certain languages and countries. English is one of the languages and Nigeria is also part of the countries that are eligible in Africa.
Video creators who create original videos like; comedy skit, football reviews, live video stream, Do It Yourself (DIY) e.t.c can now monetize their videos by inserting advertisement into their videos.
Facebook allows creators to monetize ads in three ways:
- Pre-roll,
- Mid-roll and
- Image ads.
You can only publish videos from a Page, not from a profile, to be eligible for in-stream ads. There are also some certain rules that would determine your eligibility. They are as follows:
- You must pass and remain compliant with Facebook’s Partner Monetization Policies.
- You must have at least 10,000 followers.
- You must generate at least 30,000 1-minute views on videos that are at least 3 minutes long in the last 60 days.
- You must be at least 18 years old.
For full list of eligibility requirements, please click HERE.
FAQs About Making Money on Facebook
Here are some FAQs (Frequently Asked Questions) about how to make money on Facebook:
Can I earn money from Facebook?
Yes you can! The 5 ways listed above are the easy ways to make money from Facebook, you can try any of these and start making money
How do I check my Facebook video monetization eligibility?
Go to Creative Studio, click on Facebook section, Go to Overview, Go to Page picker and check status of your Page.
How much can I make on Facebook?
It Depends. If you only focus on earning money from Facebook through video views, then it will take lot of time and money will be less.
If you focus on other ways of monetization mentioned in the article, you can earn money from Facebook faster.
These are some of the ways to make money from Facebook.
Conclusion
As you can see, you can earn money online on Facebook in various ways. You just have to select one or two from the suggestions above and apply them. If you start today, with due diligence, you can start making money from Facebook within a short time.
Many have done it, and are still doing it. It all depends on if you are interested or not. But once again, who is not interested in making passive income from Facebook with literally no investment?
I hope you enjoyed this article, please your comment below if you need any help in getting started with your journey of making money on Facebook.
I will be publishing more articles as soon as I discover more ways to make money from Facebook so please subscribe below.
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