Financial freedom has always been the dream, and passive income is one of the ways to achieve it. With so many social media platforms, earning money has never been easier. Facebook is the most popular, and you can leverage it to your financial advantage. However, monetizing that app you spend so many hours on is not as easy as you might believe, so let’s tell you what you need to make that extra dollar.
The Basics of Facebook Monetization
Facebook has monetization eligibility criteria, and you can check yours by heading to Meta Business Suite after logging in to your page. Click the “Monetization” tab to check whether you are eligible to monetize your content. The “Overview” section informs you of the kind of monetization you are allowed. Even if you qualify, you have to read the policies to ensure you are well informed because a violation will result in the deletion of your content and a disabled account.
If comfortable with the criteria, ensure your details are correct, then click “Set Up Monetization.” Facebook will send you a confirmation email, and you will be ready to earn money. You can profit through in-stream ads or forge paid partnerships with branded content. You can even do live videos and earn from stars sent by viewers.
Building Your Audience on Facebook
They say your network is your net worth, and in the case of monetizing Facebook, your audience will help you to earn more. Therefore, you need to build your audience, and one of the simplest ways is by inviting people to like your page. You can even request that they share the page’s link with others so they may like it, too.
Alternatively, whenever you post on your personal feed, include the page’s link; talk a little about it and ask your friends to like it. If you have joined groups, share posts using the page instead of your personal account. That way, you make people aware of your existence; they will be curious and want to know more about your content. Be active in groups by commenting more using your page. Also, be helpful to those asking questions relevant to your content.
Utilizing Facebook for Business
Facebook is one of the best tools to grow your business, and among the first steps you can take is creating a Facebook business page to represent your brand. Let the “About” part be clear enough about what your business entails and provide contact information so potential clients can reach you easily. Customers are royalty, so ensure you respond to any questions or complaints as soon as possible. Facebook even rewards you with a “very responsive to messages” badge if you reply within 15 minutes and have a response rate of at least 90% within seven days.
Facebook also facilitates lead generation through the Ad Manager, which can send automated messages via Messenger. Such automated conversations will help you connect with prospects. Once you know what they are looking for, you can convert them into paying customers.
Challenges and Skills Required for Facebook Monetization
While the benefits of Facebook for monetization are evident, they are not without challenges. First of all, building an audience is not as easy as it seems. Convincing people to like your page is complex, especially when looking to get at least 1,000 followers. Secondly, the different monetization ways demand a minimum number of followers.
For instance, to be eligible for in-stream ads, you need at least 10,000 followers. As if that is not enough, you will require at least 600,000 minutes of views within the last 60 days. Each method has a different set of eligibility criteria, and it can take a lot of time to meet them all. Imagine how many live videos you must do to qualify to monetize the content if you need at least 600,000 minutes to earn from live broadcasts!
Pawns.app: Earning Money Without the Need for a Large Audience
So, what happens when you barely have time to do live videos or do not even know how to incorporate ads into your content? If Facebook is the only method you are relying on, you can say goodbye to earning with flexibility. Luckily, even without the skills or much time to spare, you can make passive income with internet sharing thanks to Pawns.app.Â
You do not have to work so hard building a large audience of thousands of followers because you do not need them. Instead of spending hours online begging people to like your page, use that time to share your opinions on surveys of just about any topic and get paid. You do not have to be a fashion expert or tech wiz because all that matters is your unbiased opinion. The first step to earning money on Pawns.app is installing the app on devices you use and connecting them to the internet.
Conclusion
Would you rather spend so many hours recording videos, doing live streams, and even begging people to like your page, or is it more logical to utilize that time to earn money? Well, make the smart choice because Pawns.app is ready when you are.
FAQs
How can I build an audience on Facebook?
Create a Facebook page that is likely to attract customers and partners. Optimize the “About” section by including your business contact information, links to other social media, and a call-to-action button, for example, “Shop now.” You could also invite people to like your page and share content in groups using your Facebook page instead of your personal account.
Tell your friends and family to request others to like your page, too. Also, be active in your Facebook groups by commenting via your page. On your personal feed, post content relating to what you are offering and include a link to your Facebook page.
What are some challenges of monetizing Facebook?
Racking up an audience of 10,000 followers is no mean feat. It requires constantly asking people to like your page and being very active for people to even notice you. You must also spend a lot of time online, posting live videos to be eligible for monetization. Some monetization methods demand at least 600,000 minutes of views, while others require 180,000 minutes watched within the last 60 days.
Sometimes, your preferred mode of monetization is not eligible in your country of residence. For example, you might be interested in a subscription model, but it only applies to the UK, the US, India, and Germany. In such a case, you will have to activate the subscription by invite only.
How does earning on Facebook compare to Pawns.app?
Facebook earnings usually depend on the number of views. You earn between $8 and $10 per 1,000 views. As for Facebook Live, you will make between $2 and $5 per CPM (cost per mile). However, you do not need a minimum number of monthly views but a minimum number of minutes viewers spend watching videos.
On Pawns.app, the amount you earn will depend on the uniqueness of your IP address; the more unique it is, the more you make. Also, since some locations are in higher demand than others, you will rake in more profits if you are in the preferred areas. Additionally, when you refer your friends, you earn 10% of their earnings. Finally, the faster your internet connectivity, the more you profit from Pawns.app.
