Most social platforms, such as Instagram, Twitter, or Snapchat, are completely free for their users, and Facebook is one such free social service. Remember that in business life, everything must be profitable. However, when you sign up on Facebook, the site does not ask you for any money. For this reason, you may be curious to know how to make money from Facebook.
Before starting work, you should know that Facebook has a very large database and owns the most popular programs in social networks, namely Instagram and WhatsApp Messenger. All three social networks are free. So how is this earning possible? You have also an opportunity to buy facebook likes Singapore and boost your business page.
Facebook digital advertising
Facebook makes money in more ways than one but as you might have guessed; its biggest source of revenue is from advertising. Traditional advertising methods have been completely revolutionized by Facebook. The company works directly with the target audience. For example, if you want to advertise your brand or business on Facebook, you have to pay Facebook for it. Remember that social services have extensive databases and record everything you upload or write. Because of this, Facebook can access all your information, such as your preferences, places, and brands you like. Who owns WhatsApp? Facebook! According to some news, this platform also uses WhatsApp information to access more information about you. So, Facebook offers you the products and services you use on its home page; As the profit of the brand increases, the profit of Facebook also increases on a daily basis.
The main source of income for Facebook is advertising (about 98 percent). Most of the ads on this platform are clickable. With this method, one click may not cost much, but billions of clicks together will be very profitable. Hence, it can be said that billions of clicks mean billions of dollars.
Additionally, each advertiser must decide who will see and access their ads. For example, suppose you are an advertiser promoting a famous clothing brand like Chanel. Your target customers should have the following characteristics:
Gender: Female
Age: Around 20 to 40 years old
Interests: dresses, bags, and dress shoes
Facebook Messenger: Facebook Messenger provides a great way for Facebook users to communicate with each other. In addition, advertisers can also use Facebook Messenger to promote their products and services, as the service has a large audience with more than two billion users.
Video Ads: Facebook Live is a digital tool that allows Facebook users to share their content live. In addition, Facebook Watch is one of the most used sections of Facebook, which has more than 150 million users daily. Hence, advertisers can reach more people using Facebook Live and Facebook Watch.
How much is Facebook’s daily income?
On average, Facebook earns about $8 to $10 per user per year. Facebook earned $17.7 billion in the first three months of 2021, and its average profit per user is about $6.95. It can be said that they earn about 20 million dollars every day.
Frequently asked questions about Facebook monetization
Does Facebook sell user data?
Mark Zuckerberg said they don’t sell their data to advertisers, that’s a myth. It can be said that Facebook does not directly sell the information of its users, but this company uses its data to earn money.
Is it possible to prevent Facebook from sharing our data?
Unfortunately, this is not possible. Remember that Facebook bought WhatsApp in February 2014 and combined the two services to access more information about their users. For this reason, if you want Facebook not to share your data, there is only one way: stop using Facebook and WhatsApp.
Why is Facebook free for its users?
Because Facebook earns more money from brands, businesses, and other companies than from its users thanks to its vast database.
Can you make money on Facebook?
Yes, there are many ways to earn money on this platform. For example, you can sell your own products and services or promote other brands.
Is there a way to view Facebook information about us?
Yes, follow the steps below:
- Log in to Facebook using your email-phone number and password.
- Click on the flash option in the right corner of your screen.
- Select the “Setting & Privacy” option and click on Settings.
- Click on the “Your Facebook Information” section.
- Now you can see the “Download a copy of your Facebook data” section. Click on this page to check your Facebook information.
A summary of Facebook monetization
Facebook makes money in different ways; The Company sells ads on various social platforms and programs. Remember that Facebook’s main source of revenue is advertising. Facebook also uses WhatsApp data to access more information about its users, such as their preferences, interests, income, gender, age, geographic location, occupation, and education level. So, Facebook can offer personalized products and services to each user. When you download Facebook and WhatsApp, they ask you to click “Agree and Continue”. Hence, when you click on the confirmation icon, you allow Facebook and WhatsApp to access your information. Note that Facebook does not directly sell its data. On the other hand, the company uses this data to earn money from advertisements. There is only one way to prevent Facebook and WhatsApp from sharing your information.
