8 FANTASTIC WAY TO MAKE MONEY ON FACEBOOK

Presently facebook is said to be the most widely visited website rated after Google. And is also the leading social network site with about 500million client ranging from age (18-50).In this post am just give 8 great ways of making unlimited and residual money through facebook I hope you enjoy this.

1. Posting status updates functions well. Every time you post a status update, all of your friends see it. So if you had a website or an offer you want to generate traffic to, you just post a status update containing a link to your offer or website and lots of your friends will click on it. Imagine if you had 5000 friends and only 5% of them click on your link… That means 250 people could view your offer every time you post an update to your status. Lots of these people could buy your product and you will make money.

2. Create a Facebook group. Creating a group related to a product that you are promoting or your website could be a good way to make money online. Create a group, get loads of members and you have your own list of leads. You could possibly mass message them as often as you want. You can transmit messages promoting your products and your websites. If you create value on your groups you can build a good relationship and make good money on Facebook.

3. Build viral fan pages for long term profits. Just like the groups, you can create a fanpage around a business idea or interest. Now you just have to invite lots of people to become your fans and you are on your way to big profits, because you can post updates on your fan page and all your fans would see it. You can post a link to your group’s wall and everyone would see it and hopefully click on it. You can also insert html in your page, so you can have an opt in form or have people click to your website. There are also viral codes available to help with this.

4. Have a go at facebook ads for lots of money fast. Facebook advertising is a kind of pay to click form of traffic. You can create any ads you want and then pay facebook to display them for you, making you quick money. You can easily target your ads in lots of different ways so a conversion for this traffic is very high.

5. Promote other people’s pages for extra money. There are websites online where you people will pay you to promote their pages or groups. This way you can make money just posting updates on your wall. This is an excellent way to earn extra cash, especially if you have loads of facebook friends.
6. Affiliate link Just like blogging, you can make big money through your Facebook profile from affiliate sales. It means you are promoting for someone else’s product in your profile and get paid if your profile viewer visitors end up purchasing the product based on your recommendation. Similar with blogging, there is usually some tracking mechanism for the referral. What you need to take note is that since JavaScript tracking doesn’t work in Facebook, you need to filter those out and post only those referral link purely text. Read more about affiliate link at how to earn money from blogging.
7. PPC Advertising Surprisingly, the most popular money-making model in the web is not so popular in the Facebook. This might be due to technical limitation. Advertising networks are unable to control their ads via JavaScript as what they can do in the conventional web pages. I can only find one such advertising network that allows you to earn from ads clicks in your Facebook profile page. Check out the Status Money!
8. Develop Facebook apps
If you are good with programming, this is the most promising way to make money through Facebook. Zynga – the maker of many popular games in Facebook – is set to IPO in less than 2 years time with 2009 revenue expected to exceed 100 millions.
Facebook is so popular because of the various third-party applications it offers. First of, you should know what the market demands. What applications do Facebook users want? Most users are between the ages of 18 and 35 so it is understandable that most Facebook applications would be mashups between music, video, applications that are just for fun or their profiles. Applications would range from free gifts, to horoscopes, to trivia games, personality tests or graffiti walls on their profile pages. These applications are viral - meaning it can spread in a matter of minutes! So, a lot of people can be using your application minutes after it has been launched. That would mean that you can sell advertising spaces on your application. Here are five ways to make money writing Facebook apps as suggested by Mashable.
* Write applications and sell them to interested parties
* Write applications under contract for third parties
* Display paid advertisements on your apps
* Charge for upgrades or premium status
* Get investor to pump in money.
As you can see there are loads of different ways to make money online with facebook. Big companies like Coca Cola and Nike are already making thousands of extra dollars each month just using Facebook for marketing. You don’t need to be a big business to make money on facebook; it is really easy if you know how.

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