How to Make Money on Facebook Made Simple
Showing posts with label Earn With Facebook.. Show all posts
Showing posts with label Earn With Facebook.. Show all posts
How does Facebook Make Money ?
How does Facebook Make Money ?
They say its free. They also say that Mark Zuckerberg – the guy who started Facebook – is one of the richest people around – a billionaire apparently. So how the hell does this guy give free accounts to its users and yet sit happily atop a goldmine? The figures going around about Facebook’s annual revenue are heart-stopping to say the least. The numbers that did the rounds were all around the US$ 500 million mark, which means that since 2007, they’ve been more or less doubling their revenue. All this from a free website! So where is the money coming from? This article will answer the question, how does Facebook make money and solve the mystery for you.
How Facebook Makes Money?
Free account notwithstanding, Facebook is making money. And lots of it. How does Facebook make money? If only you knew how does Facebook work financially!
Ads
I’ll solve the mystery for you in one simple word – ads. The same thing that runs most websites across the world. That is the big secret behind Facebook’s burgeoning revenue. If you open your Facebook profile, you will see that the while right hand side of the page is full of ads. You can give the thumbs up to the ad or the thumbs down. The thumbs down will remove the ad and it will not come back.
I’ll solve the mystery for you in one simple word – ads. The same thing that runs most websites across the world. That is the big secret behind Facebook’s burgeoning revenue. If you open your Facebook profile, you will see that the while right hand side of the page is full of ads. You can give the thumbs up to the ad or the thumbs down. The thumbs down will remove the ad and it will not come back.
How do these ads work? Well Facebook being a decidedly smart social networking institution knows which ad to put where. Like the Google AdSense, Facebook too provides ad to the pages based on the interests and the overall profile of the user. So, if you mention in your profile that you are a fan of Nike or any other sportswear brand, the related ads will appear on the right hand side of the page for companies and websites selling them. Facebook ads are not intrusive and hence people do not get annoyed with them, unlike we do with those super-irritating pop-up ads.
And their advertising system makes sense, since it ensures that the right ad is displayed to the right customer, since the ads are selected for an individual page based on the interests and likes of the user. This avoids unnecessary waste of adspace on the page where the chances of the ad being ‘hit’ are theoretically pretty low. Also, the ad system of Facebook, gives the user a ‘thumbs down’ option, which ensures that the particular ad does not appear again. That too is a pretty interesting thought, given that the ad hasn’t a chance of being clicked and letting it sit in front of the users will continue to rile them.
Facebook Gifts
Ever sent a virtual gift on someone’s birthday? You must have at some point, if you knew how to use Facebook. Well you do pay for some of them and a big slice of it goes into coffers of the company. While simply writing ‘happy birthday’ suffices for some, the ‘send a gift tab’ on your friend’s wall encourages others to send a virtual gift – paid for online. All the money almost always goes to the company, but if the gift is provided by an outsider, then a portion of it goes there. But much of it is still retained by the website.
Ever sent a virtual gift on someone’s birthday? You must have at some point, if you knew how to use Facebook. Well you do pay for some of them and a big slice of it goes into coffers of the company. While simply writing ‘happy birthday’ suffices for some, the ‘send a gift tab’ on your friend’s wall encourages others to send a virtual gift – paid for online. All the money almost always goes to the company, but if the gift is provided by an outsider, then a portion of it goes there. But much of it is still retained by the website.
Application Performance
The beautiful thing about companies like these which work on different platform are the plethora of business ideas that they bring to the table. Performance advertising is a unique answer to how does Facebook make money. Let us take the example of Farmville, which is doing reasonably well on Facebook. Now the application is provided free for use for the users of Facebook and the parent company (Zynga) is getting a lot of traffic because of the game’s popularity on Facebook. So isn’t Facebook entitled to take a slice of that pie? After all, they are providing a platform for gaming companies like Zynga to their burgeoning user base. So Facebook makes a bit of money there too, as a ‘rental’ for using their users.
The beautiful thing about companies like these which work on different platform are the plethora of business ideas that they bring to the table. Performance advertising is a unique answer to how does Facebook make money. Let us take the example of Farmville, which is doing reasonably well on Facebook. Now the application is provided free for use for the users of Facebook and the parent company (Zynga) is getting a lot of traffic because of the game’s popularity on Facebook. So isn’t Facebook entitled to take a slice of that pie? After all, they are providing a platform for gaming companies like Zynga to their burgeoning user base. So Facebook makes a bit of money there too, as a ‘rental’ for using their users.
I guess that answers your questions about what is Facebook and how does it work and how does Facebook make money. Now this information on how Facebook makes money is largely speculative. Facebook is a privately held company and has the complete liberty to not disclose their financial details – and they don’t disclose their revenues and the sources of their revenues either.
12 unique Ways To Make Money On Facebook!
12 unique Ways To Make Money On Facebook!
Making money with facebook! If you are a facebook user or have been around social networking sites for a while, you probably have heard that. But, is it really possible to make money with facebook? How would you go about making money on facebook?
Well, thanks to some very useful and user frie
ndly applications, today almost everyone has a Facebook page, make money on the truth way. With a simple installation, you can be on your way to make money on facebook. Of course, like all other methods of earning money, especially money online, it takes hard work and perseverance to make a decent amount of money on facebook. Although these applications make it very easy to get in the way of making money with face book, its strategy and a well thought out plan, combined with persistence and hard work, which ultimately factors in your success or failure in making money with facebook. Here are some programs you can use to make money on Facebook:
ndly applications, today almost everyone has a Facebook page, make money on the truth way. With a simple installation, you can be on your way to make money on facebook. Of course, like all other methods of earning money, especially money online, it takes hard work and perseverance to make a decent amount of money on facebook. Although these applications make it very easy to get in the way of making money with face book, its strategy and a well thought out plan, combined with persistence and hard work, which ultimately factors in your success or failure in making money with facebook. Here are some programs you can use to make money on Facebook:
1. Radical Buy This is almost like a facebook made ebay. You can sell just about anything on your Facebook page with the help of this unique app. List an item and have it visible to all Facebook users instantly. Now it’s cool you think you can offer commissions to others who will sell your items on their Facebook page, so you can reach more potential buyers. Of course this means that even if you do not have any entry for sale, you can view other peoples items on your Facebook page and earn money with the Commission, you get to sell the stuff.
Update:
Sadly RadicalBuy has discontinued its widgets and apps and doesn’t work any more. I will try to find another good app that can be help you make money with your Facebook account, as soon as I can.
2. My Merch Store If you have red my 9 Website To Make Money With By Designing & Selling … article, then you know about zazzle. Well, now zazzel allows you to create and design any product on their site(which is free) and sell them on your face book. Think about the potential buyer base for customized t-shirts and hats and etc, specially if you have a lot of facebook friends. You can also sell product created by other artists and earn a commission on those. So, even if you don’t want to deal with designing, you have a way to make money on face book using zazzle.
3. Cafe Press It’s the same idea as zazzle, but with a much bigger and well known online store. Cafepress lets you easily sell any product from anti Obama Shirts to pro Obama Shirts, on your facebook and make money, whether it was created by you or someone else.
4. Ether Ether is a website you can make money by giving advice to people over the phone or by chat. But now you can use its new application on Facebook to make money while giving advice to people over the phone. If you are good at giving advice, this may be a way for you to earn some extra money on facebook. Even if you know a second language, this app makes it easy to teach others and make money. You set prices and Ether provides a number that individuals can make. The call will then be sent to your personal phone number.
5. Music Blaster With MusicBlaster you can put a simple little music store on your facebook, and sell music from BlastMyMusic.com. You earn 5% for each song sold. The cool think about this app is the fact that you can help your favorite band or singer to sell their music while you make money, as well as helping them to gain more exposure.
6. Garage Sale The name says it all, its the good old Garage Sale, but a “facebooky” Garage Sale. Simply add Garage Sale to your profile page and list every thing you want to sell. When someone buys something, Garage Sale automatically bills the buyer’s credit card and lets you when to ship the item. Your money is deposited directly into your Pay Pal account, or you can request payment by check. However they charge a 5% commission on the total sales price, but that’s all. No other fee for setup or anything like that.
7. Shopit Shopit is a free Social Commerce Network that gives users the ability to buy, sell or trade any product or service. Simply add a free store to your facebook and sell anything you like. Another easy way to make money on facebook.
8. FlameTunes FT was founded in 2007 by an Iranian-American named Nima Khakpour. This app is more for the artists to sell their music. So, if you are an artist, FlameTunes enables you to sell your music on your facebook. You can also use it to sell music on myspace.
9. Lemonade Remember when you setup your first lemonade stand in your community? Well, this app allows you to use the same concept, combining commerce and community, and have a lemonade stand in a digital (facebook) neighborhood. Basically you add what you want to sell to a lemonade stand, and put it on your Facebook. It’s free and easy.
10. Ebay Who knew that was coming? Yep, you guessed it. Now you can get your eBay on Facebook. This application allows you to add eBay auction listings in your profile. Sell stuff to your Facebook friends from crafts, jewelryto diary entries, underwear and date dinner or just what you sell on eBay! You also have the option to add a charity auction to support you on your Facebook profile. I think it’s a very clever way of combining eBay and Facebook, and you do not even need an eBay account!
11. Lending Club It’s almost like prosper, where you land money to others and make money with the interest you make from the loan. Not to worry though, lending club has all the detail covered. So, it’s completely safe, and the whole legal and trust issues are taking cared by lending club. If you can use it safley, it can be a good way to make money with your facebook.
12. e3buy Auction Buy, sell or trade anything. Auction your used or new things. With e3buy you can open a custom shop, upload your logo and start selling things. unlike ebay, there are no commissions or fees to be paid. it is completely free to use. It is also fully integrated with PayPal, so you can get paid quickly.
If you know of any app that makes it possible for one to make money using facebook, let me know and I will add it to this list. There you have it, 12 Free applications that you can take advantage of to make money on facebook.
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