How To Monetize Your Facebook Fan Followers??

Facebook is one of the most popular social networking sites. Social networking site is an Internet based web page where you can create your own profile, describing about yourself with your personal information, your likes and dislikes, make friends with people and interact with them. You have additional features like adding photographs, videos, etc. These days majority of the people spend their free time on such sites like Facebook, Orkut, Twitter, MySpace, etc. They do this to make new friends and keep in touch with their existing friends. Instead of just surfing through the site and mingling with your friends, have you ever thought of earning some decent bucks from your fans or followers?

There are different methods to monetize your Facebook fans or followers:

Sponsored posting: Branded companies like Fastrack, Adidas, Nike, etc offer you a certain amount for posting advertisements of their products on your wall. Sponsored posting is a method by which any brand can post information regarding their new product launch or existing products on their wall and pay them.

Affiliate marketing: The term affiliate is referred to as an indirect relationship i.e., a subsidiary relationship with no direct control. Affiliate marketing is a marketing technique related to eComerce where other publishers or websites will promote your business. Affiliate marketing follows the traditional referral fee channel concept i.e., every time a visitor or sales is generated for your business through affiliate advertisers or other sources, a certain percentage of the sales goes to that particular source. It is a sort of reward that is being given to the affiliate source for acting as a mediator in generating resource for you. In Facebook you have an option to promote affiliate links to your Facebook fans i.e., in this case you are promoting via links, so if any sales take place through your referral links, then you receive a certain amount of commission which is fixed by the website owner. This is one of the easiest methods of earning few bucks sitting at home.

Setting up online store: Another method of monetizing your Facebook is by creating online store. There are various online eCommerce websites that will let you create online stores in your Facebook profile. If any kind of transaction takes place through your store then you will be credited a certain percent of that particular sale. Also you have an option to promote your online store to your networking friends; there by even they can start a different online store. A number of products can be added to this store according to your preference and also you can remove the ones you do not want in your store.

Facebook commerce or Social commerce is surely going to be a hit in the Internet market. Social media commerce is comparatively less expensive when compared to the traditional methods. To set up stores on Facebook you just need to have the right number of active and loyal fans. So now you would have got an outline of how to do business on Facebook!!

By: Jithin Dev

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