How to Make Money on Facebook in 2023 (Explore the NEW Ways)

Facebook is an amazing platform to share pictures & spend enormous hours exploring what others are doing in their life. But do you know that you can also earn money using Facebook, if you know how to utilize your free time.

In this article, I am going to share some of the amazing ways people are earning money from Facebook pages, Facebook Groups etc. Don’t be like others, be smart and spend time on Facebook to make money online.

You might be thinking that I am talking about selling Facebook likes. No, I am not actually talking about that. Although there are people who are earning money by selling Facebook likes, but I don’t think one can earn much this way. 

On the other hand, I believe earning money in a way where I feel satisfaction. So, if you want to explore some genuine ways to earn money on Facebook, then you must read this article.

7 Ways To Earn Money Using Facebook

Facebook has almost 2 billion daily users and undoubtedly the best place to find every type of people you are looking for. What I want to mean here is that, this is the best place where you can easily find suitable people for your products or business.

So, if you are serious enough, I am sure you would love to explore these amazing ways to earn money on Facebook.

1.Earn Money By Facebook Monetizing Methods

Facebook has started their own monetization technique, which is of course a Google Adsense alternative. But it’s a long way for them to go and make Facebook Ads as popular & effective as Google AdSense. 

Right now you can share different types of content (text, video etc) on Facebook. And if your content is eligible or your Facebook Tools (Pages, Groups etc) is eligible as per Facebook Ads you can earn money from them. 

Here are 4 different ways you can make money on Facebook.

• In-Stream Ads: You can upload videos on Facebook and if your got necessary views, you can monetize those videos. 
• Fan Subscriptions: You can create a Facebook Page for your business and set up a subscription based model. This feature is available for mostly popular Facebook pages with large & active followers. This facility can be availed as per invitation only.
• Collaborate With Brands: Facebook has created a platform called Brand Collabs Manager where you can connect with many brands related to your content. If both parties accept, then you can promote the brands through your content. And for that also you have to get valid approval from Facebook. Applicable for large Facebook Pages or Groups with active followers.
• Subscription Groups: If you run a Facebook Group which is very active, large and offers value then you can ask for subscription model. For that you need to apply as per the eligibility rules and if you get the approval you can start accepting paid subscription & earn money from your Facebook Group.

​Although it looks like there are various ways Facebook is offering monetization techniques, but the eligibility criteria is not that easy. For more details you can refer to this link (official Facebook Website).

2. Earn Money From A Facebook Page

Now, whether you get approval from Facebook or not, but if you have a very popular Facebook Page then you can start making money from that Facebook page. Of course it’s not a quick process, but if you follow the below steps you can earn money from your Facebook Page.

• Step 1: First of all you have to create a Facebook fan Page. Use this link and create a Facebook group. 
• Step 2: Now as per your page niche choose either a Business or Brand category or Community or Public figure. After that provide all necessary details and complete the page setup.
• Step 3: Start sharing content on your Facebook page as per the niche and create your audience. Don’t share everything, create a fix schedule and everyday share related posts on regular interval.
• Step 4: Grow your Facebook page gradually. You can try Facebook Ads to increase likes, but that doesn’t work most of the time. Better to connect with people and build relationship and grow by providing value. It may take time but your audience will be very much loyal

So, when your page will have a lot of active followers you can utilize many ways to earn money online. You can connect with brands, accepts sponsored posts, promote affiliate products etc.

3. Earn Money With A Facebook Group

Similarly, a Facebook group is the best place to connect with like minded people. E.g. I have created a list of Facebook Groups for Bloggers where many bloggers are connecting to get their problems resolved.

I also started a Facebook Group which has grown up to 17k+ members in just 1.5 year. If you want to create a Facebook Group and earn money from that then follow the steps below.

• Step 1: Visit Facebook.com and click on the create option. Choose Group to create a Group.
• Step 2: It will popup a window where you have to provide various details about that group like name, private or public etc.
• Step 3: If you have a blog or business running online and you want to create a group to support those people then it will work best for you. Just start sharing your group URL with your visitors or subscribers so that they all can join and start engaging.
• Step 4: If you work properly, Facebook Group can become a perfect place like a Forum where people can ask their problems and get solution. Provide helpful content, help regularly and grow with time. This way you can gain the trust of your audience.

So, when you can take your Group audience to a certain level, you can actually utilize that audience to do business a make money. E.g. you can promote your products like books or courses, accept paid posts of other business etc. Facebook Groups are best place to sell your services to the right person.

4.Earn Money By Selling Something on Facebook

You can also sell something online on Facebook. Yes, like Quikr & Olx Facebook Marketplace is a similar platform where you can list out your products or any old staffs and sell them online.

Black Friday Facebook Ads Report

You can also utilize this platform to promote your affiliate products. Just add those items and share your affiliate links or any special coupon code if you have. If you have budget, then you can use Facebook Ads to promote your items and reach to a wide audience.

5.Create Facebook Apps & Earn Money

If you have knowledge and interest in creating apps then you can explore various opportunities and create problem solving apps for Facebook. If you are lucky enough like these students from Stanford, you can become a millionaire someday.

Even if that is not in your luck, you can develop your own app to solve any Facebook related problem and if that get popularity you can earn money through advertising.

6.Become A Social Influencer & Earn money

If you are popular enough on social media, like Facebook then you will get a very good opportunity to earn money. There are many companies who are looking for such people so that they can manage their brands on social platforms.

In 2020, the demand of social media influencers are very high and they draw a very high salary. So, you can actually create a very good career, if you know how to become popular on Facebook or how to use Facebook to spread about a Brand.

7.Earn Money By Selling Facebook Accounts

Yes, in the age of Digital Marketing the demand of an active community is huge. There are many marketers who are creating multiple Facebook Pages and growing them very popular with time and then sell those pages to others. This way also you can earn good amount of money.

8.Become A Facebook Ad Expert & Earn Money

Facebook Ads is a very popular way to promote anything on Facebook. In some cases it’s very much affordable and effective compared to Google Ads. There are many marketers who run many Ads on Facebook to sell products and get very good return.

If you are an expert on that domain, you can create your own course and educate people about how to become an Facebook Ad Expert. This way you can help others and earn money.

9.Promote Your Drop shipping Business Products on Facebook

If you want to start a drop shipping business in India then you should have good skills on running Facebook Ads. There are many marketers who are getting huge amount of targeted traffic from Facebook by running Ads.

This traffic to their websites end up converting is many sales and huge profit. You don’t depend up on organic traffic or Google Adwards as Facebook Ads are very cheap and ROI is very high. So, this may be indirect way, but you are actually making money from your Drop-Shipping business as the traffic is coming from Facebook

Conclusion: Can You Really Make Money on Facebook?

I have shared 9 ways to make money from Facebook. You can see  that none of them are easy to start as in all ways you have to put enough time & dedication to build an audience.

But this is true in any kind of business and I believe, it is better to look for a solid business model for long term if you want to make money online. 

If you have less time and want to earn money on Facebook quick, then I have nothing to say. You may get some success in short time, but in long run if you are not able to create a loyal audience around your service or blog or community, you will not be able to earn money from Facebook.

That’s all here, feel free to share your ideas, in case I have missed out anything by writing a comment below. Thanks for reading and sharing this article.