There are several ways to make money online, and harnessing the power of social media only makes the journey shorter than it normally should’ve been. When it comes to Facebook, people have been making money on Facebook for God knows how long as just as there isn’t only one road that leads to the marketplace, there isn’t one golden rule for making money on Facebook.
What this means is that making money on Facebook has several angles to it but for the purpose of this post, we’ll be looking at making on Facebook via paid Facebook groups or subscription-based Facebook groups. This is no ordinary community on Facebook, but one that gives out immense value and premium information to its members.
A paid private Facebook group provides you, the admin with the chance to create a highly engaged community. You need to first of all position yourself as a thought leader in whichever industry you find yourself. Don’t start a Facebook community because everyone else is doing it. That’s one quick way to fail even before you’ve started.
Making money on Facebook via a paid group is a win-win because on one side, you’ll have people pay to get the value they need from you, and it also gives you a place to deliver your content, allows you to moderate and control the group, allows your community members to interact with each other, and allows you to limit access to qualified members.
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A paid Facebook group can really come in handy for you if your main target is making money on Facebook, especially if you aim to get monetary rewards in exchange for your knowledge and value shared. Don’t let anyone tell you otherwise, Facebook groups can give you more returns than you can imagine.
If you already have a website and an email list, it’s easier to create a paid private Facebook group, since the members of your mailing list would definitely want to have a platform where they can feel closer to you (and Facebook helps them achieve that). Making money on Facebook is best done when you don’t put it out there that that’s your aim. If you major on value and minor on money, Money will come fast and steady.
On the contrary, if you major on money and minor on value, the purpose of creating the group would’ve been defeated. Making money on Facebook is evident in groups like Head-start Africa and Females In Nigeria. If you decide on making money on Facebook and you’re sure you can constantly deliver value to your community members, then go ahead and start a free/paid Facebook.
Even if it’s a free group, there are several ways to monetize it and we’ll talk more on that in subsequent posts.