5 ways to make money using Facebook

Dear Visitor,

You know that, Facebook is the most popular social network today. Recently Facebook has over 500 million active users. Facebook Users approximately pass over 700 billion MPM on this social network.

In my opinion, facebook is not only just a social network. But also there have huge opportunity to make money using this social site. This is possible to earn money with facebook. I am trying to show some great ways of making money by facebook.

anyway, over the past few months there has been a growing interest among developers and facebook specialists to disclose method of monetizing  Facebook applications. The oath of immediate online success is that you can no longer maintain costly servers to support all Facebook users. For this reason, The first question is how can the developers of Facebook apps actually make money?  I don’t have all the answers yet, but here are 5 suggestions:

1. SELL. You can make money selling  eBay products on facebook. For this, you have to install the Facebook eBay application on your profile. Your friends can see what you’re buying, selling and watching too.  Finally, your eBay activity can tie into your news feed with posting when you perform certain activties on eBay.  The Facebook eBay App appears to be a good way to expand your market, but also narrow it to your Facebook friends which could help in generating more sales.

2. DEVELOP. An indirect source of funds: develop applications under contract for third parties. A number of companies have been posting contract jobs over at the Facebook’s developer forums. There exists a large gap in the supply and demand of available Facebook application developers; as a result, finding potential clients to charge reasonable rates should not be a hassle.

3. ADVERTISING. Use advertisements, cross-promotion schemes and affiliate marketing. It is not feasible to use Google Adsense for this since Facebook does not allow JavaScript embedding. Adsense may be embedded through iFrames, which despite being popular among Facebook developers, is against Google’s TOS. Affiliate marketing is a great alternative to advertisements; my own source of income on Facebook is generated through Amazon’s affiliate marketing.

4. MICROPAYMENTS. Sell services within Facebook through micro-payment transactions. PayPal payments made for accessing premium services could potentially yield reasonable income depending on the application’s purpose, size, and prospective users.

5. GET INVESTMENT. If you think you have something big on your hands and lack the funds to scale it, apply for investment through and others who have expressed interest in funding Facebook apps. This would be the likely course of action for a startup with plans to expand globally within and beyond Facebook.

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Facebook has a huge active community. It is reported that of the 29 million active users, about half log in each day. This is a rarity among Web 2.0 companies (comparatively, Google Videos has about 3% active users). If facebook can convince its users to shell out $1 to send those silly virtual “gift” images to each other, then surely a clever developer or startup can find other approaches to earning money from a Facebook application that do not involve just drowning their users in ads.

Due to the pace of innovation over the web, it is imperative that companies jump on opportunities like these as they turn up. linkedIn and Bebo are expected to release their own set of developer APIs as well; I personally cannot wait to be among the first to tap into that opportunity. I advise others to start planning as well.