Friday, April 10, 2009

Face Book - Money Making Strategies


facebook is already becoming a leader in social networking, with around 150,000 new users signing up everyday, its soon gonna overtake myspace or any of its rival. If facebook can divert a lot of traffic to your blog, Is there any other mean of making money from facebook alone ? Yes you can do so and it's very much possible, with the recent release of its new platform

A few ways in which you can earn revenue are listed below :

1. Create and sell out facebook applications

To create an application, all you need is some basic programming knowledge and application level experience, never mind if you can't do it alone, form a team and complete the task. These applications can then be sold to third parties like AppMrkt, Appbid, Sitepoint even ebay will do justice. You may earn around $1 to even upto $15 for every sign up, which does'nt mean you can design anything that's just an application.Your application needs to be more attractive and addictive, yes you need to put in a lot of efforts
eg: textme, lexulous, Scrabulous, Flixser, Vampies etc

Things you must remember in designing a facebook application

  • Never think the application on a selling perspective.
  • Make it attractive, and fully working and optimised, nowdays many apps are been declared spammy.
  • Easy interface and easy to use (user friendly).
  • It should'nt be boring and should have some fun essence.

Seek the help of smaller firms to publicize and market your application, you have a lot of firms doing the job for you and it's an easy way to accelerate your app sales. Eg. RockYou , Slide

2. Develop a cool popular facebook page

To develop a popular page that should have the potential to attract advertisers, you need to be versatile, think a little harder and different because advertisers look for pages of their own interest and match, thus before you ought to start up the designing process, be little innovative and look forward in focusing more on the advertiser's target areas.

3.Creating a space for advertising on your facebook Pages

4. Find an advertiser to advertise on your facebook page

4. List your facebook Page on facebooking 101 facebook page publisher forum

Note : Google Adsense cannot be used with facebook

6. Sell your unwanted items and even affiliates on facebook marketplace. facebook market place is very much similar to craiglists where items are listed and categorised locally.

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