AMILOADED MEDIA HUB NEWS UPDATE
Originally launched on October 28, 2003 as Facemash, before being changed to Facebook in 2004, the platform founded by then Harvard students Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes with just a few users has grown to have nearly half of the world’s population on it.
According to Data Reportal, Facebook had 3.200 billion monthly active users as of October 2023, making it the leading social media network with the highest number of active users in the world.
While many are earning a living on the platform with no investment, a lot of persons, Nigerians included, are not in the know about how to make money on it.
So, here are four easy ways you can tap into the platform’s big online market pool and smile to the bank from the comfort of your home.
There are however three foundations to lay before you can earn using any of the four steps about to be shared in this article.
The three foundational steps, as outlined by Investmall, are growing your number of friends (Facebook friend maximum limit is 5, 000), creating a Facebook page and getting lots of likes and finally growing your member database in a group.
- Get paid for sponsored likes and shares
Having executed the foundational steps, getting paid for sponsored likes and shares is one of the fastest ways to earn a passive income as a Nigerian on the platform.
Companies and individuals often look for likes and shares on their posts and Nigerians with large followings can leverage on this. You earn here by posting links in your already created groups and encouraging your followers to share and like for a fee.
- Publish videos on Facebook
Video publishing on Facebook is another way content creators are cashing out big time. This is where we would usually find skit makers, influencers and the likes. But you don’t have to be any of the above to earn like this. Nigerians can create videos for their businesses and host them on Facebook. Facebook will pay you as people watch it. According to Investmall, Facebook takes 45% of the revenue generated and gives the creator of the video 55%.
- Sell personal products on Facebook Selling or Market Place: personal products is a basic marketing strategy with great rewards. With this strategy, the more followers you have the more reach you would get.That is to say, your followers increase your chances of selling a product.
- Start affiliate marketing
If you have massive followers on Facebook, you should consider collaborating with companies to make money via affiliate marketing. In affiliate marketing, you get a percentage of the product price when anyone buys through your link. Thanks to the groups you created earlier (recall the foundational steps highlighted at the beginning), you can share the affiliate links to these groups.
AMILOADED previously reported how Nigerians can make money on TikTok in 2023. One of the ways Nigerians can make money from TikTok is to grow and sell accounts.
This means you can open an account, gain followers then sell the account to willing buyers. This method can fetch cool cash because there are many people that are ready to pay for accounts that have large followers.
Though this may take some time, with much hardwork and creativity, accounts could grow really fast.
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