The internet offers incredible opportunities to make money online. In fact, more and more users of the internet and social media sites such as Facebook are literally taking over the world. While marketing online can get complicated, you can make money quickly if you understand the internet world. Today, Facebook is one of the best sites to market your products and services and is no longer solely used as a medium to reconnect with friends. Facebook applications are rising in popularity, hence there are several ways Facebook users can capitalize. Facebook applications are simply codes that work within Facebook.
The secret to profiting from Facebook applications is simply creating a “sticky” app or one that attracts heavy traffic and can keep users coming back. Create an app that will excite everyone and one that people cannot resist. Remember your intention is to make money doing what you love, not engaging in boring projects. Once you create an app that can generate high traffic or frequent usage and visitation by users, you can now begin to think about how you can make money with your Facebook apps. Here are some ideas.
1. You Can Sell Ads
If you have created what can be considered to be a “sticky” app, it is most likely that your app will attract the attention of companies and ad networks in search of advertising solutions.You can sell ad space to these companies or ad networks where they can advertise their products and services and you get paid for it. This way, you can make a lot of money from your app. It is important to note that profitability of your Facebook application depends on its popularity. You can sell ad space in three major forms namely:
– Cost per thousand impressions (CPM)
– Cost per click (CPC)
– Cost per action (CPA)
Cost Per Thousand Impressions
This involves selling ad space and you get paid per 1000 views of the ad on your application.
Cost Per Click
This is simply selling ad space and you get paid based on the number of times users click the ad on your application.
Cost Per Action
This type of advertising takes cost per click to the next level. You only get paid if users click on the ad and go ahead to actually commit to some action like registering, downloading or even purchasing.
2. Sell Products and Services
This involves turning your profile into a mini e-commerce store which can also allow your friends sell items for you for a certain commission. You can also create a Facebook application where you can act as a middleman where users can sample certain products and if they wish to buy, you can refer them to a site that sells them. In turn you get a percentage of the sales made through your app. You can also create an app where people can buy services. For instance, you can create an app that allows users to purchase already designed custom custom cards to send to friends.
3. Sell Applications
You can sell an app that you have created to companies willing to purchase your app or a version of it. In order to make a quick buck, think about creating a Facebook application that sells and it may earn you millions.
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