Blog Layout

4 STEPS FOR MONETIZING YOUR BUSINESS FACEBOOK PAGE IN 2020

Admin • Feb 04, 2020
Facebook Telescope | Manteca, CA | Legacy Local Impact
Your Facebook page: you’ve worked hard to build it from the ground up, transforming an ill-trafficked skeleton into an empire. Today, you’ve got ample likes, lots of traffic, and great content generating all of the above. Your question now becomes how to make all those metrics work for you. The answer is monetization: adjusting your Facebook profile, so it drives income from things like clicks, likes, and conversions.

Easier said than done? Think again.

In this post, we’ll share our top tips for monetizing your Facebook page this year. Let’s get started.

FACEBOOK MONETIZATION, BY THE NUMBERS

Facebook has had a few tough years. After widespread concerns about privacy and management of user data, the platform is finally making a bit of a comeback. According to MarTech Today:

“Facebook’s 2018 fourth-quarter earnings report for 2018 showed ad profits did not suffer. …Facebook reported advertising revenue at $16.6 billion for the final quarter of last year, up 30 percent year-over-year. The total revenue earned during the quarter was $16.9 billion, with daily active users (DAU) at 1.52 billion, up 9 percent year over year.”

While Facebook’s average price-per-ad decreased by about 2% during this same quarter, the number of ad impressions the platform served up lept by a whopping 34%. The driving force of this growth, as it turns out, is Instagram. According to David Wehner, the CFO of Facebook, ads placed in the Instagram platform, both in feeds and Stories, have become one of the most productive ways for Facebook users to monetize their presence.

Although there are a bunch of theories underlying why Instagram (owned by Facebook) has suddenly become more productive for monetization than Facebook itself, many credit Facebook’s declining organic reach. Thanks to algorithm changes and other shifts that have hit the platform in recent years, it’s tough to get eyes on even the most stellar Facebook content. Instagram, meanwhile, still offers more visibility for public content.

ARE THERE MONETIZATION RESTRICTIONS ON FACEBOOK?

Facebook Website | Manteca, CA | Legacy Local Impact
Yes. Facebook isn’t the Wild West when it comes to monetization. Over the years, the platform has established a few restrictions, all of which are designed to protect consumers and users alike. Here are a few things you can’t do as you seek to monetize your Facebook presence:
  • Violate intellectual property laws or conduct fraudulent advertising
  • Monetize a Facebook page without an authentic presence
  • Monetize before your Facebook page is at least 30 days old
  • Share clickbait titles, sensationalist titles, or misinformation intended to create unrest
  • Use inappropriate content or images for monetization purposes (this includes material that depicts sexual conduct or positions, or promotes the consumption of alcohol, tobacco, or drugs)
  • Promote content that advocates for the use of illegal services or products
  • Post “sensitive content,” as defined by Facebook’s guidelines
These standards apply to all monetization efforts on Facebook.

4 WAYS TO MONETIZE YOUR FACEBOOK PRESENCE

Macbook Laptop | Manteca, CA | Legacy Local Impact
Now that we’ve discussed what you can’t do, let’s take a moment to consider what you can do on the Facebook platform. Here are a few of our favorite tips:

1. BECOME AN AFFILIATE PARTNER

Marketing affiliate products has long since been a favorite approach of Facebook users. Keep in mind, though, that there are a few catches built-in with this approach. First of all, you need a healthy following before you start marketing affiliate products. In reality, only a small portion of your audience will click your affiliate links, so your audience numbers become essential quickly.

Secondly, you should never use your Facebook platform solely to share affiliate links. This flys in the face of Facebook’s “authentic presence,” rule, and ensures your audience will flee in droves.

If you want to be successful with affiliate marketing, find a product you genuinely believe in, and which will be relevant to and valuable for your users. This keeps marketing authentic and promotes high adoption rates.

2. SELL PRODUCTS ON FACEBOOK’S APP STORE

Once you’ve established a Facebook business page, you can get busy selling products on Facebook. Do this by creating a store tab on your page. Once you’ve listed your products for sale, people can purchase them by simply visiting the store page and clicking the “purchase” button. It’s that simple!

Keep in mind that this approach also works best if you have a broad, pre-existing audience. When you already have a community of people who follow your updates and products, it’s easier to ensure conversion when you release new items.

3. HOST GIVEAWAYS OR CONTESTS

Contests and giveaways are a great way to grow your audience, boost your long-term marketing strategy, and create a new revenue stream. Additionally, this is an excellent opportunity to strengthen your relationship with other brands by partnering with them for a giveaway.

Wondering how this translates to a monetization technique? Simple – brands will pay you to get on your page if you have a large following. As far as they’re concerned, offering their product for free on a highly-trafficked page is a sure-fire way to promote more sales and traffic down the road. With this in mind, speak to a few relevant brands to find out what sort of deal they’d be willing to make.

Once you’ve got an agreement in place, run a few giveaways each month, changing the format each time to keep customers interested.

4. SELL DIGITAL CONTENT

This is, by far, one of the most popular monetization options Facebook has to offer. Take a spin through your timeline, and you’ll see precisely how many people are using it. Ads like this abound on Facebook today:

Each of these little blurbs indicates a course someone has created for sale on the platform. You can find these courses on virtually all topics, across all industries. This is excellent news for anyone who wants to sell digital content on the platform.

While creating a course, guide, ebook, or lesson plan will take some work, it’s an excellent way to use your existing Facebook following to generate income and promote ongoing monetization.

TURN YOUR FACEBOOK PROFILE INTO A MONEY-MAKING MACHINE

Laptop and Mobile Phone | Manteca, CA | Legacy Local Impact
Your Facebook page can (and should) do more than sit there idle. This year, turn it into a money-generation powerhouse with these five tips. If you want to get serious about monetizing your Facebook platform, give our team a call, as well.

We provide the professional skills and expertise you need to excel at monetization, both now and in the future.

WE LOVE TO HEAR FROM YOU

Call Us at 209-402-3057

By Admin 04 Apr, 2020
Email marketing: it’s the overlooked darling of the marketing world. In addition to offering a higher ROI than virtually any other type of marketing (an average of $38 for every $1 spent), email is widely-used, beloved by customers, and ultra-effective for your business. Before you can dive in with email marketing, though, you need a well-developed email list. Building that, though, can be easier said than done. Here’s what you need to know:
By Admin 04 Mar, 2020
Freelancers: they make the world go around when it comes to modern marketing. Over the last year, use of gig work platforms (like Upwork and Fiverr, for example) has grown by more than 30% in economies around the world. As if that weren’t enough, it’s now possible to find freelancers working in all industries, including finance, agriculture, education, transportation, marketing, and more. With this in mind, it’s clear why freelancers have become so popular. Freelancers provide an attractive “third option” for companies who need skilled workers but don’t want to hire full-time employees. If you’re new to hiring freelancers, though, the process can be a bit intimidating. How do you know you’ve found a good match? What if you choose the wrong person? What do you even look for, if you’re not hiring a traditional employee? In situations like this, knowing what to avoid is every bit as necessary and knowing what you want in a freelancer. That said, here’s our top list of red flags to avoid at all costs with your next freelancer.
By Admin 04 Jan, 2020
Video content marketing. Old hat, right? Boring, useless, not the slightest bit engaging, and definitely totally without value for your customers. Ask anyone, and they’ll tell you that you only engage in video content if you want people to notice you. And who wants that, right? Don’t worry, though. We’re here to save you. Here are the top reasons to avoid video content marketing this year:
By Admin 04 Dec, 2019
It’s every marketer’s worst nightmare: Churn. It’s what happens when customers, who are notoriously fickle with their loyalties, come to a company, only to leave eventually for your competitor. If you’ve experienced this, it’s probably not specifically about your company. Every company experiences churn. Customers are easy to lose, and that’s just a fact of marketing. Today, experts estimate that out of 26 unhappy customers , only one will complain directly to your company. The rest will simply leave. This may lead you to wonder what you’re doing wrong, why your customers are leaving for your competition, and how you can improve your level of customer service. If you’re asking these questions, you’re not alone. This post is designed to help you understand how to retain customers, why they leave, and what you can do to stop at the whole churn cycle.
By Admin 04 Nov, 2019
Your Facebook page: it’s your company’s digital doorstep. Whether you’re setting up a new home page for your brand or trying to ensure that your existing one is as good as possible, you know that quality is everything, and it’s essential to ensure your page reflects your business to its absolute best. The question, then, is how? Remembering that Facebook sees nearly 2 billion monthly active users, you know that it’s essential to put your best digital foot forward and ensure that your customers are getting what they need from your page. To put this another way, if your Facebook page isn’t displaying a comprehensive strategy designed to get you liked, noticed, engaged with, and followed, you’re missing out. Here’s what you need to know about creating a professional, high-quality Facebook page:
By Admin 04 Oct, 2019
Did you know that Halloween is currently worth more than $9 billion annually? Today, customers are spending more money than they ever have before on all things Halloween. This includes Halloween costumes, decorations, candy, and events. Because of this, you can’t afford to miss out on everything this exciting holiday has to offer. Even if you don’t exactly sell plastic cobwebs or fake zombies, Halloween can represent a real opportunity for your brand and your bottom line. Here’s what you need to know about how you can make the holiday work for you:
By Admin 04 Sep, 2019
Once upon a time, companies only had to worry about responding to the needs and desires of shareholders. Times have changed. Today, customers expect more of companies than ever before, and they want to know that the brands they work with are supporting causes and missions that are important to them. To this end, modern customers tend to support companies who are involved in their local communities. That, then, begs the following question: what does it mean to be involved in your local community? The answer, of course, is varied. Being involved in the local community can mean anything from sponsoring local 5Ks to volunteering for causes and hosting outreach booths at related organizations and companies. If you’re interested in driving more business and expanding your reach, here’s what you need to know about getting (and staying) involved in your local community.
By Admin 04 Aug, 2019
Today, social media is synonymous with online marketing. If you’re looking for a way to improve your brand’s online presence and encourage more people to interact with your company, engaging on social media is one of the best things you can do. It’s also important to remember, though, that social media is a very crowded field, and standing out requires getting creative. The more you can set yourself apart from the competition, the better you’ll fare. One of the best ways to do this is simple: brand your images on social media. Here’s what you need to know about this straightforward approach, and how doing it can improve your efforts, both now and in the future.
By Admin 04 Jul, 2019
Building a website for your business is a great way to attract new customers and keep in touch with old ones. What many business owners miss, though, is that customers expect certain things from your website. This is not a one-way relationship. If you’re going to build a website, you need to ensure that it offers the things that your customers expect to find. Here’s an overview of the top five things customers want to see on your website and will leave if they can’t.
By Admin 04 Jun, 2019
Today, there are more than 2.23 billion monthly Facebook users . This represents an 11% increase from last year. In case you had any doubts about the functionality of Facebook, this statistic should put it right to rest. As if that weren’t enough, there are also 1.15 billion people using Facebook on their mobile device each day, which represents an increase of 23% from last year. With all these people on Facebook, we’ve got one question: what are they coming to learn? If you’re not familiar with Facebook as a platform, or you’re working on ways to make your interaction on the network more functional and effective, the first step is understanding what these people (or at least your portion of these people) want from you. What are they coming to your page to learn? How can you give it to them as effective as possible? What can you do to make your interactions on the platform more effective and straightforward? Here’s your complete breakdown.
More Posts
Share by: