Are you looking for the best ways to make money on Facebook in Nigeria? Do you have thousands to millions of followers and still broke?
Then this blog post is just for you.
With over 2.7 billion active users each month, Facebook is without a doubt one of the biggest social media platforms in the world.
Facebook made $27.19 billion in revenue from advertising alone in the fourth quarter of 2020. While other sources of income generated 885 million dollars in earnings.
Mobile devices accounted for the majority of Facebook’s ad revenue.
The best part is that if you are wise and employ these Facebook money-making tactics in Nigeria, you can get a fair amount of Facebook’s revenue.
Anyone in Nigeria who has the necessary knowledge and skills can generate money on Facebook. Many Nigerians already use social media to generate passive money.
Your Facebook profile is the only opportunity that you have got to make the first impression on Facebook. Make sure your Facebook profile looks really real and professional.
Have on it relevant information, such as the city you live in, your contact information and a website link if you own a local or online business.
It’s always advisable to make your business account different from your personal account. This requires you to have a Facebook page that offers you added features that can help you grow and make money on Facebook in Nigeria.
Build Your Facebook Audience First
One of the reasons why influencers are successful on Facebook, Instagram and every other social media platform is that they have consciously gone through the process of building an audience for their content. And this does not happen overnight.
The vital question you need to ask yourself is, what do I want to be known for?
Then, you need to build up your expertise on Facebook by sharing relevant, thoughtful and engaging content – such as interesting links to articles, images, as well as updates.
To really succeed as an individual on Facebook, you should develop an area of interest and strive to become a recognized authority.
While businesses may want to partner with influencers to promote their products and services, they will probably also want to establish a solid online presence for themselves.
Over time this will make them become recognized as an expert in that niche. Coca-Cola has done this perfectly well, and its page has over 105 million followers.
5 Smart Ways to Make Money on Facebook
The following are the best ways how to make money on Facebook in Nigeria:
1. Sell On Facebook Marketplace
Facebook expanded Facebook Marketplace in Nigeria in February 2021. For commercial purposes, the Facebook Marketplace brings together buyers and sellers in the same area.
You have the option of selling as a business or as an individual on the Facebook Marketplace. The internet marketplace, where you can buy, sell, or trade anything else, is completely free.
The nicest aspect of it is that it is accessible to everyone online in Nigeria and that everyone has access to the Facebook Marketplace. Additionally, customers can effortlessly tell their friends about your product offering. This is a wonderful place to start if you want to generate money in Nigeria using Facebook.
2. Do Affiliate Marketing
On Facebook, you can genuinely advertise things as an affiliate. Promoting a product you do not own while earning a budget commission on each sale is known as affiliate marketing. Depending on the affiliate network you choose, this commission might be anywhere between 5% and over 50%.
You can register for many lucrative affiliate marketing websites right now.
Actually, promoting affiliate products can be a little bit challenging. You don’t have to continually post Affiliate links on Facebook to spam your friends. You must find a balance.
Share relevant information and include the link either in the post’s body or at the end.
This is how to go about Affiliate Marketing:
- Sign up for an affiliate marketing site
- Search their marketplace for a product or service to promote
- Get your affiliate link
- Post on Facebook periodically about the product while including your affiliate link in it.
- Every time someone clicks that link and buys the product, you’ll earn a commission
3. Become a Social Media Influencer
If you have thousands of page followers on Facebook, you have a goldmine.
Brands of all sizes are always on the lookout for both micro and macro social media influencers with a huge fan base to promote their products to targeted audiences.
There are lots of Nigerian influences that are making a living by just posting brand products on their page. You can promote a brand product on your Facebook page or profile and earn money from it.
Obviously, the more your fan base, the more you charge will tend to be.
Thousands of people use this tactic to make extra income. Rather than invest your likes and shares to impress your crush, why not monetize it?
Perhaps, you have a large number of friends on Facebook, you can go on sites like Fiverr and offer to like and share a page for a fee.
Obviously, the bigger the number of friends you have, the more people are willing to pay you to essentially advertise their stuff on your Facebook page. Freelancers are really making money with this on Fiverr.
5. Join Local Buy and Sell Groups
If you really want to sell locally, there’s a good chance you probably won’t sell to a friend. This is a good reason you need to join your local buy and sell groups.
Facebook definitely makes it easier, because you have the option to share your post in one group with other groups and even pages.
Every group actually has different selling policies so make sure you read the group guidelines before you think of making a post.
If you don’t, the group moderators might be forced to delete your post or remove you from the group.
Frequently Asked Questions (FAQs)
Here are some of the most frequently asked questions such how can I make money on Facebook in Nigeria?
Is Nigeria eligible for Facebook monetization?
Nigeria is eligible for Facebook monetization. As a creator in Nigeria who has met the Facebook eligibility criteria, you can earn from your content on Facebook.
How to make 5,000 Naira daily on Facebook?
To make 5,000 naira daily on Facebook in Nigeria, you need to have either a service or a product that you are promoting. This is the fastest way to make money on Facebook.
Alternatively, have your Facebook page monetize and create content.
Is Facebook monetization available in Nigeria?
Facebook monetization is available in Nigeria. As a creator in Nigeria who has met the Facebook eligibility criteria, you can earn from your content on Facebook.
How much does Facebook pay per view in Nigeria?
The amount Facebook pays per view in Nigeria varies depending on your niche and the quality of content that you create.
It can range from $8 per 1000 view to over $25 per 1000 views.
Conclusion
Anybody can make money on Facebook in Nigeria. Whether you want to sell locally or you won’t drive traffic to your website, there is an option for you.
By joining relevant Facebook groups, engaging with other members of the group, and even creating a paid ad or two, you can have a recurring passive income on Facebook.
Perhaps you only want to list your product on Marketplace, or sell your old laptop and make money once, Facebook is a free and fast way to reach a targeted audience seeking to buy your products.
