Monday 6 October 2014

Making Money With Facebook

Facebook is the number one social networking site with over 400 million active users worldwide. Let's look at it this way: Facebook is a market with over 400 million people to advertise and sell products to, which, to be perfectly honest, is every entrepreneur's dream. Here are the top ways to make money in this market with little to no experience.
* Change an Existing Game
This is a tried and true method of earning money on Facebook. Have you ever wondered why there are so many clones of Mob Wars? Because the game generates millions of dollars every year from it's player-base. Developers pick a popular game, give it a face-life and new name and launch it hoping it'll become an addicting Facebook sensation. They make money through selling ad space and from those who buy the game's currency or limited edition items.
Websites such as O-Desk and GetaFreelancer.com enable the masses to create Facebook games with no experience. If you have a keyboard and the ability to communicate with others, you can hire coding professionals for very little money. Some time in the future, it could be you reaping the benefits of someone purchasing a $10 virtual "mystery box" on a Facebook game.
* Create a New Game
You don't have to limit yourself to an old game, but it's a bit risky to develop a totally new one. Making the game is the difficult part, but you can outsource this to foreigners. By doing this, you get a quality product for a fraction of the price someone living in North America or Europe would charge.
Using GetaFreeLancer.com, O-Desk or a similar website geared toward providing cheap outsourcing, anyone can post a project along with their tight budget and talented developers can bid on it. Run your game idea by your friends before pulling out the wallet and potentially creating a game that falls flat.
* Sell Goods or Services
Research and pick out an affiliate product that might sell well. ClickBank.com offers a large variety of affiliates to choose from, and gives very precise instructions on how to set up an affiliate page. Start several Facebook accounts and collect friends on each. Don't go over 25 friends per day on each account since Facebook tends to delete accounts that do this. Maintain relationships with these people by posting on your wall, but don't overdo it and harass them. Your goal is to gain their trust and eventually advertise the product you've chosen to sell them.
If starting Facebook accounts and maintaining friends on each sounds like too much work, this is also something easily outsourced. You can pay someone as little as $2/day to gain 25 friends on each account and post the status updates of your choosing.
* Develop Facebook Apps
If you have experience in programming, this could be perfect for you. Some developers are paid as much as $200/hour to develop new applications for Facebook. Even if you don't have the experience necessary, that number should be enough motivation to learn. Facebook is here to stay and application developers will be in demand for years to come.
* Create a Facebook Blog
Similar to selling goods or services, but this time you're creating a blog and gaining trust and reputation through it. Once you've developed a significant fan base, you can begin to lead people to other webpages to sell them things or sell adspace and sponsorships.


Article Source: http://EzineArticles.com/3801876

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