Making Money In Facebook- The Size Of The Market
passed one billion users so you can easily understand the size of the market you have if you want to think about making money in Facebook with ads. If you have a Facebook account (which you certainly must at this point), you always see ads running on the side of your Facebook page. You will also find a marketplace where you can “create an ad” to advertise your own products and/or services.
Making Money In Facebook- CPC vs. CPM
Before you think about making money in Facebook you need to make an important decision. You need to decide the way you want to make money with Facebook ads. Specifically, you need to select whether you want to pay by means of Cost per Click (CPC) or you want to pay per thousand impressions (CPM). CPC means that every single time someone clicks your advertisements; you need to spend a few pennies or a few dollars from your pocket. CPM on the other hand means that you will pay according to the number of viewers who see your Facebook ad. It varies as to what will be more suitable for you; CPC or CPM. You can be making money in Facebook from either of these advertising methods.
Making Money In Facebook- Evaluate And Test
What is extremely essential is that you clearly calculate your Click Through Rate (CTR) so that you know how many people actually click on your advertisement and how many people buy from you. This is the only way to know if you are making money in Facebook ads. After the ratio is analysed, you will be left in a position to decide whether or not you are profitable making money in Facebook ads. Obviously, some campaigns will be better than others so its always good to test with smaller budgets and check your numbers. You can try and test different creative, different offers and even different advertising types like CPC vs.CPM. The main thing is to always be learning from each campaign. Test and evaluate. It’s the only way to get better and really refine your ability to be making money in Facebook.
Making Money In Facebook- Build Your Likes
Making money in Facebook with the help of ads is quite easy and the “in” thing because there is so much traffic. Obviously, it is far more easy to attract traffic in the biggest social networking site in the world than on your own or through some other smaller networks.
Another twist on making money in Facebook is to build a following. You can do this by making it so that whenever a user clicks on your advertisement, instead of being directed to your website, the viewer should instead be directed to your Facebook page. This can even result in the viewer liking your page and thus becoming a loyal follower and/or customer. Obvioulsy, your Facebook page needs to be set up properly for this to work. But a significant way of making loyal customers is placing an ad which encourages the viewers to like your facebook page.
Anyone can be making money in Facebook with the help of ads. If you are interested in much more detailed information on making money in facebook I can recommendn Get 10,000 Fans. Here is a review of it you can check out. Get 10,000 Fans Review.