How To Make Money on Facebook: 5 Best Ways To Try Now

Facebook still boasts a staggeringly high number of monthly active users—more than 2.9 billion—compared to Instagram's 1.3 billion, TikTok's one billion, and Twitter's 396 million. This is even though Facebook may no longer be the social media darling it once was. 

In the past, Facebook users have tried various methods to make money, including affiliate marketing, running advertising through Messenger, and selling goods on Facebook Marketplace. Making money on Facebook is difficult, though; the average organic post's audience is only 5% of the page's fans (down from 7% in 2018), and the reach of those who pay to play with ads and sponsored content is gradually declining. 

What is good news? Aimed primarily at business owners and content creators with significant Facebook followers, Facebook has introduced fresh and intriguing methods to make money. Here are six ways to monetize your Facebook audience in 2023, along with the guidelines you must follow, whether your goal is to increase your existing business's customer base or earn some extra cash. 

Check your Facebook Monetization Eligibility before you begin.

There are a few ways to monetize your Facebook material, but you must be qualified first. The Facebook platform's eligibility rules must be followed, which are divided into three categories and apply to your Facebook page and the content you post on it.

Facebook Community Standards: they are the guiding principles of the website, including no graphic or inappropriate content 

Partner Monetization Policies: these guidelines apply to your entire Facebook page, the content you produce, how you share your content, and how you accept and process payments online.

Content Monetization Policies: These guidelines are specific to each piece of content you submit, such as not posting offensive or violent material.

Go to the Facebook section of your Creator Studio and select the Monetization button to verify your eligibility. You will also be provided with other monetization information about the page. Choose which pages you wish to see your monetization eligibility for. 

If you wish to sell on Facebook after being eligible to monetize your Facebook content, it's critical to maintain that eligibility. Keep your domain tidy with high-quality material, examine the platform's Community Standards frequently, and make sure you have the legal right to post your content. Facebook will let you know via the Monetization tab in your Creator Studio if your page becomes ineligible for some reason, along with the explanation. 

The most effective method to bring in cash on Facebook: 5 different ways

1. Make recordings with in-stream advertisements

In-stream promotions draw in the consideration of an engaged crowd and are great for makers and brands with a sizeable group. At the point when a client is part-way through watching a Facebook video, they are bound to protect the whole of a promotion if it implies they can progress forward with the first happy — dissimilar to an independent advertisement in their channel, which they're bound to skip.

In-stream advertisements in real life:

Filtered water brand LIFEWTR needed to increment brand mindfulness and create a positive, imaginative feeling around its item. So it carried out short in-stream promotions in the midpoint of channel recordings along with properties like Facebook Watch, displaying its local area artistry projects through solid visual stories. The mission brought about a two-times lift in brand mindfulness and a 1.9 times higher charge in promotion review.

Why it worked: LIFEWTR utilized in-stream promotions to recount a story and keep the consideration of a generally engaged crowd.

Begin: Contemplate what you need to accomplish with your recordings and everything that accounts you can say about your image. If you want to promote mid-roll, include one-to-two-second regular stops when you make your recordings where an in-stream advertisement could space in.

As well as meeting Facebook's qualification standards, recordings should be longer than one moment, and forces to be reckoned with need something like 10,000-page supporters to run in-stream advertisements. These tips apply to brands that need to pay to run in-stream promotions.

2. Add a paid membership to your page

Produce reliable month-to-month income through fan memberships, which support your most faithful devotees to pay a standard total to finance your page. This is an incredible way for brands and makers with enormous, dynamic crowds to adapt their pages and prize fans with selective substance and limits. The "stars" highlight allows clients to purchase many stars to send tips to their #1 makers for extra income.

Fan memberships in real life:

The Veggie lover Bread cook has made a different Facebook Gathering for allies of the brand. Fans are charged $4.99 monthly to select substances and limits. They are ready to send extra tips through Facebook's stars, including for content they especially appreciate.

Why it worked: The Vegetarian Cook can adapt to its dynamic crowd while remunerating clients with restrictive substances. The stars highlight lets the brand see which content performs best and increment commitment with a close section of its supporters.

Get everything rolling: Fan memberships are just accessible on a greeting premise right now. Clients can open fan memberships with 10,000 devotees or over 250 return watchers and 50,000 post-commitment or 180,000 watch minutes.

Whenever you've accepted your greeting, you can pick what benefits you maintain that endorsers should get, make a special video to send off to your membership administration, and film a thank you video to invite new supporters.

3. Team up with brands

Make satisfied with a pertinent, integral accomplice to expand your range and enhance your substance yield. Many brands need to work with powerhouses, makers, and different organizations to contact new crowds and raise brand mindfulness, and this can be an incredible method for helping your supporter count and create commitment.

Brand joint effort in real life:

StyleNow Feed collaborated with Jasper's Shop to bring adherents of the two brands new happy. The paid association permitted the two organizations to team up on important substances lined up with the requirements of both their crowds, and clients could tap into each piece of content to dive deeper into each brand.

Why it worked: The two brands are very much adjusted and have comparative yet not indistinguishable crowds, which implies they could open another fragment of supporters by arriving at clients who previously had areas of strength with the accomplice brand.

Begin: Before labeling colleagues in posts, you need to demand access. Whenever you've done that, you can get to coordinated effort open doors and view experiences inside the Brand Collabs Chief.

This adaptation strategy is best for Pages with a functioning, steadfast following who post content that most brands will not consider dangerous.

4. Bring in cash straight forwardly from your fans

Facebook reported in May 2022 it will put more accentuation on natural video content made explicitly for the stage to stand up against clients essentially sharing TikTok posts. Makers and powerhouses will actually want to open money-related prizes of up to $4,000 a month by finishing a progression of consecutive "challenges, for example, creating a specific number of perspectives on a Facebook Reel.

Natural substance prizes in real life:

Paula Garcia has an enormous following and, by making Reels, particularly for Facebook, can capitalize on the number of perspectives, likes, and remarks she gets. Paula consolidates some of the strategies utilized here to set her Facebook adaptation technique, such as getting patrons for her Reels and posting them naturally on the stage.

Why it worked: Paula Garcia, as of now, has an enormous following, so it's an easy decision for her to take advantage of Facebook's new difficulties plot that lets her capitalize on the number of perspectives she produces.

Get everything rolling: The difficulties component must be gotten to through greeting right now, and it appears that Facebook is focusing on powerhouses with devotees included in the high hundreds, thousands, or millions. When the welcome is acknowledged, the principal challenge should be finished in something like 30 days, or the element will lapse.

5. Run paid occasions on the web

Connect with devotees through a live occasion they can appreciate from the solace of their own home. Facebook's paid experiences highlight you to plan, set up, and run events through your page, which is ideal for makers and organizations moving face-to-face occasions on the web.

Paid occasions in real life:

Jasper's Market has and promotes various occasions through its Facebook Business page. Fans can see a rundown of events and buy access straightforwardly from the brand's page. Perceiving the number of individuals that are intrigued or going to makes a buzz around the occasion, while regular updates guarantee participants don't miss a solitary second.

Why it worked: Facilitating on the web occasions assists Jasper's Market with contacting new crowds keen on various events. It likewise creates commitment among supporters who may be in different areas.

Get everything rolling: Empower paid internet-based occasions on your page and snap the Occasions tab to make another occasion. If you have one, pick the "paid" choice and fill in the necessary data about your experience, the cost, and a co-have.

Your Facebook record and page should pass Facebook's adaptation qualification models before you can begin making paid occasions.