Learn How You Can Generate Cash With Social Media Marketing

| Friday, December 2, 2011
By Brittany Patel


In the last issue we mention about making use of special deals, competitions and special gifts to catch the attention of fans. In this issue of Facebook for Business we are going to go over a few tips for making money on Facebook.

Whether you want extra income or to grow a long-term business online, now both are possible through online community site, Facebook. Today we are going to learn a few of the most lucrative moneymakers through Facebook.

- Selling

Most online businesses from retail, consumer, travel and leisure and food today are turning to Facebook to get more customers. And why not Facebook is more visible, accessible and is more user-friendly to customers. Having online presence through Facebook depends entirely on the owner.

While there are a lot of business owners that attest to the effectiveness of Facebook marketing, there are also many others who aren't certain of its potential.For those who do decide to sell their products through Facebook, there are several applications you can tap in order to be more organized.

Ebay already has a unique application meant for their Facebook users. Radical Buy, on the other hand, is an application that immediately posts products and makes it visible in the customers? walls. Other applications you can benefit from include Flame Tunes, Lemonade and Music Blaster.

Facebook is not limited to selling different products though. You can offer your services as well. In relation to the second money making usage (See Application Development below), one can also sell different programming and Customization services online. Facebook works with Paypal for these payment transactions.

- Application Creation

Even Facebook itself is giving very profitable incentives for people who will help them improve numerous applications in their market from monetization to advertising. Facebook pays for useful concepts that will help them develop these. Even other websites continue to post positions online for creating and managing a wide variety of applications for their businesses. As yet, there's still a few people who are committed to designing applications. Because of this, looking for prospects won't be a big concern.

Programming has turn out to be a very valuable aspect of company lead generation these days and most applications reach several thousands.

- Advertising

Among the several ways to monetize from Facebook, affiliate marketing is one of the best. There are several sites looking to infiltrate completely different areas on Facebook that are visible to customers. A lot of these use their own sites to cross promote their merchandise or services. Quite similar to what you do with Google Adsense (although Google Adsense if not applicable in Facebook since the site doesn't run with a Java application) where ordinary people place ads in their personal space, affiliate marketing also works the same way. Websites like Amazon, Ebay and other big enterprises are consistently on the lookout for people to carry their advertisements.

These people promote their products in exchange for a comission. There are even companies that don't necessary demand the affiliates to sell their products in order to pay them. In some cases, any form of action such as people clicking on the ad or creating an account.

With these three money making techniques in mind, you can be well on your way into making more than what you expected out of a social media management site that was once just a pastime.

Be sure to watch out for the next issue of Facebook for Business. We are going to talk about using Facebook Groups for your business.




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