Facebook has become a very popular way for friends and family to stay in touch, and if you spend any time on Facebook, you’re likely a part of at least one Facebook Group. But did you know that Facebook Groups can be used for more than just fun? Read on for how to make money from Facebook Groups.
Setup Your Facebook Group
The first thing you’ll need to do to make money from Facebook Groups is to setup a Facebook Group and grow your members. Setting up a Facebook group is easy, and Facebook explains it right here. You’ll want to be sure to come up with a clever name and create a good cover photo. I like to use Canva to create great free images, and have used the site more than once when creating header images for my Facebook Group.
Because there are so many groups out there, what you’ll want to do is pick your niche. What do you want your subject matter to be? You’ll want to draw people to your group. And make sure your group is public – you want to encourage people to join, not hide the group!
Engage Your Members
Facebook thrives on engagement. The more people interact with your posts in a group, the more people will see your content. So get people talking. You can ask a question a day or encourage people to share photos or even memes, whatever it takes to get people talking. That’s also a good way to get new members in your group.
Sell a Product
The fastest and easiest way to make money using Facebook Groups is to use them to sell a product. You’ll see plenty of people using them to sell MLM items. Don’t do that. But maybe you have other items you can sell. One very popular group I’m in on Facebook is run by someone who makes and sells planner stickers. You can even make and sell digital products – printable PDFs are very popular, as are various guides. What are you good at? Do you love to clean? Create a cleaning PDF and offer it for sale.
Another way to make money on Facebook is affiliate marketing. This is essentially advertising a product and you get paid when people use your link to buy. Continuing with the cleaning theme, maybe you link up with a company that sells specialty cleaning products or even create an Amazon store where people can buy your favorite products.
Another Way – A Private Subscription Group
One very popular way to make money from Facebook Groups is to create a private community. People pay to join and then they get insider information as part of that group. The key here is that you need to create content in that group that people want to be a part of. You frequently see these as part of health and fitness coaching or recipe sharing, for example.
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Megan is a 40-something government employee in the Washington, DC area. She got interested in Personal Finance when she got out of college and realized that her paycheck wasn’t going to go as far as she had hoped. Since starting this blog, she has managed to buy a house and make a solid start on her retirement goals, and hopes to help others do the same. Here is her story:
In 2007, I was a gainfully employed 20-something with no debt but not a lot of knowledge about personal finance. It was a co-worker’s comment about Roth IRAs that sent me to the internet, searching for information. It was then that I realized that I really didn’t know a whole lot about personal finance and that my current financial situation was due a lot to inherent frugal tendencies, generous family members, a fear of debt, and good luck. While that was working for me, clearly I needed a better plan.
While I had no debt, I was also pretty much living paycheck to paycheck and not worrying about going over budget (I say this as if I had a real budget) because I had an emergency fund set aside to cover any overages.
Except that’s not what an emergency fund is for.
So I did a lot of research, read a lot of blogs, and decided that I needed a plan. I needed to budget. I needed to know what I was spending my money on. I needed to prepare for the future.
I decided to create a blog not only to make myself accountable to others but also to share the knowledge that I gained along the way. I’ve learned so much from my fellow bloggers, and I hope that my readers can find something useful in what I have to share as well.