With over 2.7 billion monthly active members, Facebook is one of the world’s biggest social media networks.
Facebook made $27.19 billion in revenue from advertising alone in the fourth quarter of 2020. Other income sources contributed approximately $885 million to arguably the World’s biggest social app. Mobile devices accounted for the majority of Facebook’s ad income.
The greatest thing is that if you are clever enough to use these Facebook money-making tactics in Nigeria, you may get a fair amount of Facebook’s earnings.
Are you seeking how to make money on Facebook in Nigeria? Are you broke despite having dozens of friends or followers?
Then this blog article is for you.
Facebook has a monthly active user base of 2.2 billion people. When you consider that the world’s population is estimated to be 7.6 billion people, it’s a massive number.
That indicates Facebook is used by over 33% of the world’s population. There is no one else on the internet that has it larger.
Imagine being in a place with over 2 billion people; one thing is certain: with such a large number of people in one location, there will be plenty of opportunities to get wealthy!
Even if you just offer chewing gums and obtain 0.1 per cent of your customers to purchase from you, you are wealthy!
Unlike other social media platforms, Facebook allows people and businesses to collaborate with it and earn money.
Many individuals who write about “how to earn money on Facebook” don’t normally mention this, but we do!
Everything you need to know is right here! Facebook’s platform also provides the potential to earn money indirectly.
Facebook may help you earn a lot of money. It gets more serious: you can generate money by creating a whole business centred on Facebook.
You may also passively earn money. It all depends on what you desire and how motivated you are.
10 ways to make money on Facebook in Nigeria
You may earn money on Facebook by following these steps.
1. Make a sale on the Facebook Marketplace
Facebook Marketplace was launched in Nigeria in February 2021. Facebook Marketplace connects buyers and sellers in the same geographic vicinity, so it is probably the best and easiest way to make money on Facebook in Nigeria
You may sell as a person or as a business on the Facebook Marketplace. All elements of the marketplace are free, and you may buy, sell, or trade anything else online.
The greatest aspect is that every Nigerian has access to the Facebook Marketplace since it is available to everyone online. Additionally, customers may effortlessly forward your product listing to their friends. This is an excellent place to start if you want to generate money on Facebook in Nigeria.
2. Participate in affiliate marketing
A great way to make money on Facebook in Nigeria is to market things as an affiliate. Affiliate marketing is essentially advertising a product that you do not own in exchange for a commission on each transaction.
Depending on the affiliate network you join, this commission might vary from 5% to more than 50%. You may join up for a variety of high-paying affiliate marketing websites right now.
Promoting affiliate items may be a bit of a challenge. You don’t have to bombard your friends with Affiliate links every time you post on Facebook. It’s important to find a balance.
Share useful stuff and include a link in the body of the article or at the conclusion.
This is how affiliate marketing is done:
- Join an affiliate marketing website.
- Look for a product or service to advertise in their marketplace.
- Create an affiliate link.
- Post about the product on Facebook regularly, using your affiliate link.
- You’ll be paid a commission every time someone clicks on that link and buys the product.
3. Work as a brand’s social media manager.
A really great way to make money on Facebook in Nigeria is for you can be paid to maintain business social media accounts if you’re extremely good at it.
With so many responsibilities on the table for entrepreneurs and CEOs operating their businesses offline, they’re searching for people with social media abilities to help them improve brand communication with consumers and attract and nurture customers online.
Your duties as a social media manager may include:
- Always plan out your social media postings.
- Interacting with followers and responding to comments.
- Creating visuals for social media
- Metrics from ad campaigns are being tracked.
- Increasing the size of the audience.
It’s also possible that you’ll be required to handle another social media account in addition to Facebook. This might be a fantastic method to supplement your income.
With your suggestion, you may contact them through DM. Looking for companies on social media and sending as many bids as possible may become a daily practice. In a few days, you’ll be able to view the results.
4. Earn money by monetizing the Facebook Creators Studio.
You have the potential to generate a six-figure income in a short period if you have successfully created a huge following on your Facebook page.
As a Facebook Creator, you get compensated for advertising that is shown on your page.
Facebook in-stream advertising allows you to make money from your Facebook page by allowing Facebook to place adverts in your video content. As the number of views on your video grows, so does your revenue.
Facebook producers have a variety of revenue choices. They are as follows:
- Advertisements that appear in the middle of the video.
- Personalized content
- Subscriptions from fans, for example
With a fan membership, you may have gated material, which makes your content unique. This material is only accessible to fans who have paid for a subscription.
You earn compensation for sponsored content by working with businesses that then market their products on your page. The nice aspect is that you don’t have to look for these partners since Facebook matches companies with artists.
Do you have a Facebook profile but don’t know how to make one? Now is the greatest moment to establish one and build it into a source of passive income.
5. Establish yourself as a social media influencer
This is another easy way for you to make money on Facebook in Nigeria. You have a goldmine if your Facebook page has thousands of followers. Brands of all sizes are always on the search for micro and macro social media influencers with a large following who can help them advertise their goods to specific audiences.
Many Nigerian influencers make a business by simply advertising brand items on their social media pages. You may get money by promoting a brand product on your Facebook page or profile.
The larger your fan following, the more your fees will be.
6. Do Sponsored Likes and Shares
Maybe the other ways we have outlined to make money on Facebook in Nigeria does not suit you, This one might.
Thousands of individuals utilize this method to supplement their income. Why not monetise your likes and shares instead of investing them to impress your crush?
If you have a lot of Facebook connections, you might use services like Fiverr to offer; to like and share a page for a price.
The more your number of Facebook friends, the more companies are prepared to pay you to market their products on your profile. On Fiverr, freelancers are earning a lot of money with this.
7. Join Buy and Sell Groups
If you genuinely want to sell locally, you’re probably not going to sell to a buddy. This is a compelling argument to join your neighbourhood buy and sell organizations.
Facebook makes it a lot simpler by allowing you to share your posts from one group to other groups and even pages.
Every group has its own set of spelling rules, so make sure you read them before creating a post. If you don’t, the group administrators may be obliged to remove you from the group or delete your post.
8. Make Facebook advertisements
You may make adverts for other people’s pages as well as your own. You design Facebook advertising as a company owner to increase brand exposure, website traffic, and sales conversion.
You’ll need to establish a Facebook page for your company or website to do this. Every website is eligible, and creating a page is free and takes just a few minutes.
After you’ve built your page, you can simply share posts with your page’s followers, just as you do with your followers.
Facebook pages are similar to mailing lists in that you may send messages to your loyal fans regularly.
Also, don’t forget that you may generate money on Facebook by purchasing advertisements to target individuals who don’t presently follow your page.
9. Participate in competitions
This is another great way to make money on Facebook in Nigeria. Weekly or monthly competitions are offered by certain businesses and websites. You may also get entries by sharing your link on Facebook and liking their page.
You may also join contest giveaway groups to locate the greatest deals.
The best aspect about these competitions is that they are completely free to enter. The only thing you’ll need to get started is sometimes.
Each event is different, but you may win Amazon gift cards, culinary equipment, and other prizes.10. Submit a Job Application
Facebook can also assist you in your job hunt, both locally and internationally. In the “jobs” category, local businesses will post available vacancies.
When you look for jobs on Facebook, you’ll almost certainly discover full-time and part-time options in a variety of industries.
Also, after you click on the Facebook jobs tab, you’ll see that there are always numerous groups that feature online jobs.
You may join several groups to obtain career leads and to learn about the application procedure and work experience from the other members of the group.
Anybody can learn how to make money on Facebook in Nigeria. There is a solution for you, whether you want to sell locally or don’t want to generate people for your website.
You may have a regular passive income on Facebook by joining relevant Facebook groups, communicating with other members of the group, and perhaps generating a sponsored ad or two.
If you merely want to put your product on Facebook’s Marketplace or sell your old laptop for a one-time profit, Facebook is a free and quick method to reach a focused audience interested in purchasing your goods.