Today if you take the number of the most popular social networking sites, Facebook will be on the top ranking. It is extensively used by people all around the world. Facebook is a social networking script i.e., it is an Internet-based web page where one can create their own profile describing themselves along with personal information and interests, you have features like chat, blog, send a personal message, add, photographs, videos, etc. Most of us spend the majority of our leisure time on such social networking communities like Facebook, Twitter, MySpace, etc mainly to keep in touch with friends and family. Instead of just surfing through such sites have you ever thought of monetizing your fans or followers?
Sponsored posting is one such technique where branded companies like Fastrack, Nike, Titan, Reebok, etc use this to promote their products and thereby their business. They post the ads on your Facebook profile for which they will offer you a certain amount. Ads may be on any new product launch or some new offers.
Affiliate marketing is another marketing technique related to eCommerce where other publishers or websites will promote your business thereby if any sale happens due to this mediator source then a certain amount is credited to that referrals account. On Facebook, you have this particular feature of promoting affiliate links to your fan followers on Facebook. The referral fee is set by the admin of the web site. Thereby sitting at home you can earn some decent money.
By creating an online store you can buy and sell products. There are eCommerce web sites that will let you create an online storehouse in the Facebook profile. Generating sales into that store will result in earning a percentage of that particular sale. You can refer your store to your friends; likewise, they can also have a storehouse of their own. Any number of products can be added or removed to this storehouse. Also, you should see if there is a provision to access credit cards and should support popular payment gateways because transactions should be safe and secure. The latest survey shows that when compared to average online customers, Facebook customers have 10% larger shopping carts. Even for small enterprises facebook commerce is of great profit. You can gain more and more profit if you monitor your eCommerce in a smart way on the trend followed and updating your fan followers about the same.
In the Internet market, Facebook commerce, a part of social commerce is certainly going to be a hit. When compared to the traditional methods of setting up an online store, social media commerce is much easier and less expensive. You need to have the right number of active fans to set up a facebook store. And now you would have got the idea of how to make money with Facebook!