Do you want to start a business on Facebook without needing a physical location? If YES, here are 50 best Facebook business ideas you can do to make money online in 2020.
A lot of people use Facebook just to share photos and keep in touch with friends, but don’t know that Facebook is one of the promising business platforms that came with the internet era. There are many ways to earn money on Facebook, from using link-type advertising programs to creating a fan page and then selling the posts.
Most people don’t also know they can use Facebook to advertise and sell. Even if you use Facebook apps, play games, search for funny memes, or use Facebook for your business, you probably use it more than you think. There are 1.94 billion active worldwide users on Facebook. This is equivalent to the population of the People’s Republic of China. This also means that a large number of eyes see things on Facebook every day.
Facebook is not only one of the best social media networks to promote a business, but it is also one of the best social media networks for making money. Even though there are a lot of ways to earn money from Facebook, is not something you just jump into. Below are few of the most lucrative businesses you can do on Facebook without the need for a physical location.
20 Best Facebook Business ideas to Make Money Online in 2020
- Online Garage Sale Groups
On Facebook you can browse conveniently online, search for the things you’re looking for with the search feature, and bypass all the rest. You can earn by searching for local garage sale groups so you won’t have to worry about scams and shipping costs. Usually, searching Facebook Groups for terms like “[your city] items for sale” or “[your city] garage sale” will show some results for these types of groups.
If you find some you’re interested in, request to join them. We suggest you read the rules for buying and selling, which most groups have listed in a pinned post within the group. Don’t forget to take note of the administrator’s name(s) so you can tag him or her if there’s any issue. A lot of individuals often do this if they have issues with someone not being truthful about a listing or attempting to scam members in another way.
We believe that just as people do offline, you can buy things for low prices on Facebook garage sale groups and sell them later. The good thing about this is there are so many ways you can choose to sell the items. Resell them in other Facebook groups, create your own Facebook group for selling purposes, sell them at a flea market or consignment shop, or even sell them online on Amazon, eBay, or other selling sites.
You can even sell your items on Facebook’s own Marketplace, which is specifically designed for you to create eye-catching listings for local buyers to find. The only skills you need to have are a great eye for finding awesome products at low prices that can turn a decent profit.
- Trade Facebook Group
They are similar to garage sales groups. A lot of people all over the United States have these groups, also known as BST groups, specific to certain towns or counties. Note that the major difference between BST groups and garage sale groups is that, in addition to just buying and selling, you can trade items too.
Just because there are more options available in BST groups, there are generally more members in these groups, too, which means a bigger audience for your listings. Just like garage sale Facebook groups, you can resell the items you buy or trade from BST groups.
Trading is a good idea if you have things you don’t need. You may be able to save some money while scoring items via trading that you can turn for a decent profit. We believe a lot of people have luck selling items on places like Amazon and eBay, but it also rests on the type of items you buy. There are niche selling sites online that may be more profitable for you since they have a very specific audience.
- Write and Sell an e-book
E-books are just book-format publications that are distributed electronically, rather than printed on paper. Because there’s basically no cost to publish an e-book, pretty much anybody with an idea can do it. Note that unlike a paper-and-ink book, your e-book doesn’t have to be any particular number of pages. Most e-books that are written to generate income are more like e-pamphlets than whole books.
We suggest you choose a subject that will generate interest. Nonfiction is almost always a better choice than fiction. Oddly enough, e-books that tell people how to make money selling e-books are a popular option, and they apparently sell enough to at least offset the trouble of writing them. We also suggest you write in an area where you can claim some kind of authority. It’ll add cachet to your book.
Whether you see it that way or not, note that you can use Facebook to find freelance jobs. Again, specific groups on Facebook are very good for this. Search along the lines of “freelance [skill/job]”, like “freelance writer”, “freelance designer”, or “freelance photographer”.
We believe that this search will likely lead to several results, and you can weed through to find the most active and helpful ones. Also since the members of the groups either have experience in the field, or are still learning the ropes, you can all bounce ideas off each other. Have it in mind that this is a great way to network, find job leads, and even just gather a list of helpful resources to grow your freelance business to make more money.
- Manage Facebook Accounts
Managing Facebook pages is not an easy task as the name implies. Facebook has strange algorithms that take some time to master, and coming up with consistent content is time-consuming, and it’s easy to run out of ideas. Also you still need to do a lot of work to promote your content, build an audience, and really make your pages help your business.
A lot of virtual assistants and social media managers make money just by taking over the Facebook pages of bloggers and businesses. It takes a very organized person to do the job, but you can earn a full-time income if you gain enough clients. You can even use Facebook to promote your Facebook managing services.
- Be a Brand Ambassador
Being a brand ambassador means promoting products and services you love. While the company sponsors you to gush about its products and services. A lot of companies know how important social media is and they make use of it. Social media is probably the easiest way to reach a large audience in the shortest amount of time.
If you have a Facebook page for your blog or business and have taken the time to build up your followers, you can likely qualify for brand a ambassador. We know that companies like to see that people actually engage with your Facebook page with likes, comments, shares, etc. Quality is more important than quantity in this case.
- Become an Authority
You need to understand that becoming an authority figure in a niche or industry that you’re interested in is always a good way to position yourself as a trustworthy person in that niche to gain more followers and eyes on your brand. Facebook can help make that happen, and can be a good source of both direct and indirect income.
You can start by creating a Facebook group for your industry. Make it stand out so that it offers something different than others. You can also make the focus of the group a question and answer resource group for people to post their most pressing questions.
You, as the admin of the group, have the power to quickly become an authority figure in your area by jumping in to answer your members’ questions. Then make use of the platform to promote your services and let others know what you can do for them. Always make sure you’re available often to quickly answer questions and provide your members with helpful tips.
- Affiliate marketing
There are a lot of myths and misconceptions about making a living with affiliate marketing. While it is a viable home business option, many “gurus” trying to sell you their systems, make it sound like you can set it and forget it. But affiliate marketing is like any home business; it requires a plan and consistent management.
Affiliate marketing is essentially a referral program. Businesses pay affiliate marketers commissions based on sales, clicks, or leads sent to them by affiliates. Amazon’s Associates program was the first to really use affiliate marketing to help sell books.
The genius of this type of selling system is that it doesn’t cost the business anything upfront. They only pay when affiliates give results. For affiliates, it’s ideal because they can sell products or services without having to create or deliver them. Some Internet affiliate programs offer two-tiers to their programs, which means you can make money online selling products or services, as well as through others who you refer to the affiliate program.
Just about any home business with a website can profit by placing affiliate ads on their sites, but there are also many who pursue affiliate marketing as a full-time Internet business in and of itself. If you have an authority group all set up on Facebook, another way you can make money with it is by promoting affiliate links.
- Refer Your Friends
There is no Facebook group necessary for this one, just your good old friends list. Also know that a good Facebook page with a lot of followers can definitely help. If you’re a member of places like Swagbucks and InboxDollars that have referral programs, invite your friends. Swagbucks, for instance gives you 10% of your friends’ lifetime earnings.
When you have a Facebook page or group with several followers or members, you can potentially get a lot of referrals. We suggest you create a helpful post that will make others want to sign up, outlining how the site has helped you make money. It’s even a good idea to provide some proof that you’ve gotten paid. Note that begging your friends and followers to join will make you seem desperate, and they’ll likely get annoyed by your constant requests.
- Direct Sales
A lot of people don’t know that direct sales are flooding Facebook and it can be a bit annoying. But, there’s a reason those in direct sales are using Facebook to promote their businesses: it works. They just create a Facebook pages and groups to gain a huge audience for their products.
Now that Facebook has the Facebook Live function, direct sales consultants can use the feature for live sales, which are becoming a super popular way to sell. Plus, your videos have the potential to get shared and go viral (especially if you offer your viewers a chance to win a prize for sharing!), which can grow your business fast. Even with zero selling experience, you can make it big as a direct sales consultant when you use Facebook.
- Host a Direct Sales Event for Someone Else
If you think you can currently host your own events, because they take a lot of time to set up and organize, you can host events for someone else. Most direct sales consultants like to reach new potential buyers by utilizing their friends to host events. This way, the consultant gets a bigger audience and can possibly find more people to join her team.
As a host for another consultant’s event, you usually can score free stuff for yourself. This depends on how much your friends participate and how many items get sold during your event. The more sales that happen, the more you can potentially get for free. Sometimes, even cash prizes are involved.
- Turn in the Hackers
One little-known way to make money with Facebook is by turning in hackers and reporting serious security flaws. Of course it’s a long shot to make money from this because the flaw has to have been undiscovered by Facebook already. And, since Facebook has a complete team of security wizards, it’s likely they already know about any bugs.
Yet a study showed that one person made $15,000 from Facebook in 2016 by reporting a serious flaw that could allow potential hackers to gain access to user accounts without even needing a password. This is all thanks to Facebook’s Bug Bounty Program, which allows users to report any serious security issues to developers. Reward amounts depend on how serious the issue is, but the minimum bounty is $500.
- Train and mentor
You might have a specific skill set that you could teach other people on Facebook. There are hundreds of skills that can be taught over Facebook pages and videos, especially due to the fact that services are free. You might have to offer a free service now and redirect them to your a freemium model website (offer free accounts with limited features, then charge for upgrades) for the future in order to make some large amounts of cash. It’s one of the good business ideas for those with extensive amounts of knowledge. You could:
- Give marketing training
- Aid improve writing skills
- Teach a new language
In case you don’t know, there are over 300,000 translators in the world for a reason; they are needed. In a world where more and more companies are using outsourcing, those that speak other languages are indispensable. Whether you are negotiating deals for an import-export agent or replying to company emails, or replying questions on Facebook, it’s a way for you to make money. Indeed there are opportunities to work part time with small companies by networking on Facebook.
- Influencer Marketing
A lot of stars and celebrities make millions of dollars from their social followings. Very large companies pay 6 figures for a single post from a celebrity, hoping that their followers would click and maybe purchase products or they get brand awareness. If you have few thousand to few hundred thousand engaged followers on Facebook, then you can signup with a micro-influencer platform.
These are mostly tech platforms where you are paid on the engagement you get from each post. The process is very simple, you choose what you want to post and each click on that post pays you. If you want to make big amounts, you have to keep posting 2–3 sponsored posts every week, so always remember to post things which your audience cares about.
- Google Ads
Have it in mind that this is a 2-step way and would need more long term efforts and will have a sustainable impact on your earnings. First you have to create a blog and direct traffic from your Facebook page to your blog. You put the summary of your content on Facebook and keep the detailed article or extra content on your blog. In your post, you put the link to your blog with the detailed content.
Slowly you build up traffic on your blog and then put Google ads on the blog. Once your blog gets enough traffic (150,000 per month) you can make thousands of dollars every month from ad revenues. But beware, this step will at least take a year for your blog to be enough popular and get good ranking on search.
- Online Hotel Booking Service
You can help people book their hotel rooms on Facebook if you market yourself very well. All you need to do is to enter into partnership with hotels around you so that when people book their hotels from your Facebook page, they will pay you commission based on the agreement you have with the management of the hotel. The most important thing you need to do is to gain the trust and corporation of the management of the hotels listed on your Facebook page and also the trust your customers.
- Designing and Selling Online Wallpapers
Note that you can design and sell wall papers on Facebook. Even though you a may not make huge money from this type of business, but its still a business that will not take your time. It is a business you can do while keeping your paid employment or handling other big time businesses.
- Become a Virtual Assistant
We believe that this job is a great job to have if you want flexibility. You’ll be able to have multiple clients at once which mean you can easily fill gaps in your week or work overtime if you need to. A virtual assistant will generally charge £15-20 depending on the specifics of their job role. Expect to be assisting with tasks such as blogger outreach, product listings, research and responding to emails.
- Facebook Page
You can start by creating a Fan page if you don’t already have it. Then prepare and post good content on your fan page and engage as many as users as possible. Once your page starts getting good response and good amount of likes, you can move to then next step.
You create a website related to your fan page topic if you can afford everything, add contents to website and post on your Facebook page to get visitors to your site, add ads to make money and make sure your website looks decent and not copied. Know that you can also add valuable content to your website on a regular basis to get more and more visitors.
You call also sell posts on your fan page. Sign up with Shopsomething.com and make sure you have a minimum 1000 likes on your fan page, add your fan page to ShopSomething and confirm you’re the owner of the page, then set a price per post for your page.
20 Tips on How to Do Business on Facebook Profitably
i. Set up a Facebook Business Page
While some entrepreneurs do not mind using their personal pages to run their business, this is however not considered professional, because while you can promote your brand on your personal page sometimes, you should not do this all the time as this will lead to you trying to juggle personal and professional posts on your page, making you not to focus on neither, which is why separating your personal life from your business life is advised as it will allow you to focus only on creating engaging content on your professional posts. The good thing about setting up a business page on Facebook is that it is free.
ii. Add Branding-: Once you have created your Facebook business page, it is important to ensure that your audience is able to find you and so putting up a profile cover image as well as a profile picture are very important acts.
iii. Remain Professional on Your Business Page
If you are at any time tempted to post personal things that do not relate with your business, do that on your personal page but ensure that your business page is professional and represents your business in order not to alienate your existing and potential followers.
iv. Enable Publicity on Your Posts
In running a business, your intention is to generate steady revenue that will enable you make profit and this can only be done if there are more people that are aware of your business. Therefore, it is important that you make posts on your business page to be visible to everyone. However, ensure that no one can add things to your timeline by editing the settings and also ensuring that you turn on all tags approval before they appear on your timeline.
v. Know Your Audience
Knowing your audience is critical as it will allow you to be able to use Facebook’s targeting options in focusing on a particular group and then create the right campaigns and contents that your segmented audience will be able to identify with. In order to use your audience to your advantage, you should find out the psychographics of your intended audience, what kind of pages they like, and what ad you will need to create that will resonate with your targeted demographic.
vi. Stay Out of Politics
As one running a business, you should understand that your customers will come from different political divide and so if you are one that has strong political views, they should not be displayed on your business page if you do not want to lose your customers.
vii. Like The Post of Others
The rule that comes with liking posts on Facebook is that the more you like a post, the more of the post that will be shown to you and those whose posts you have liked will also be able to see more of yours as well. This is a very good way of increasing traffic for your business page and ensuring that more people are aware of your brand or whatever you are promoting.
viii. Ensure That Your Posts Come With a Picture
No matter how short your posts might be, the interest of your audience picks up when they are viewing a picture and an interesting picture will make them want to read whatever you had posted. Also, aside from getting more attention from your audience, posting images with your posts allows Facebook to promote these kind of posts more than they would those that are only text-based.
ix. Time Your Posts
Knowing when to post content on your business page is very critical because posting at the right time will mean that you will get more comments and likes quickly, making Facebook to then promote the post to more of your followers. To know which time is more likely to ensure that your posts get attention, it is best to engage in a trial and error method and then sticking to the one where you got more attention.
x. Keep Your Content Informative as well as Interesting
Content is king because this is the best way to keep your audience engaged. However, even though you are looking to engage your audience, you should talk more about the features of the product or service you are offering instead of out rightly selling the product. Ensure that your posts are carefully thought out in order to not only increase interaction but also allow you to build your brand as well.
xi. Promote Your Posts
In order for your posts to stay longer in the feeds of your fans, ensure that you promote it as this will also make the posts to reach the friends of your fans and others who aren’t your fans. This is very vital because more awareness will lead to more fans for your business page and more prospects for your business.
xii. Focus on Keywords
Regardless of how unique your posts or images are, the only way they can be enhanced and receive more visibility is by using target keywords. Making use of keywords will not only ensure that more people get to see the posts but it will enable you have an edge over your competitors.
xiii. Create an Affordable Daily Budget
While it is important to try and create adverts that will get you the much visibility needed to enable your business generate its revenue, it is important that you set a daily budget so that you won’t end up causing a strain on your overall budget. You can only begin to scale up your advertising budget if you have determined that your campaign has become more profitable.
xiv. Introduce Videos
According to statistics, videos on Facebook are less than 1 percent of all the posts and yet this reaches more people on the network faster than when compared to other posts – text and pictures. People always want to watch something on Facebook even if it is for 30 seconds and with video posts taking over the social media, it is best to use this to the advantage of your business. One good thing with this is that you do not have to be a professional videographer or have all the major equipment as all you need is a smart phone and some good lighting.
xv. Add Captioning To Your Videos
If you are going to be creating video posts, it is essential that you take captioning into consideration. According to research, most of those who watch videos on Facebook do so without sound and so creating captions is a way of ensuring that majority of your viewer read what you intend to say.
xvi. Add a Call To action on Your Business Page
Adding a call to action on your Facebook business page ensures that your fans can easily get in touch with your business. The call to action can be at the corner of your cover page, where more of your fans are likely to see it.
xvii. Upload Email List To Facebook
If you have an email list that has lots of emails, then it is vital that you upload this list to Facebook and in so doing; you will have the opportunity of advertising to those whose emails are associated with a Facebook account. This allows you more ways with which you can reach your audience.
xviii. Respond To Messages
Ensure that you respond to requests, inquiries, complaints and other forms of messages on time as Facebook calculates response time and posts on your page, thereby enabling your fans to see how quickly you interact with them.
xix. Ensure That Your Facebook Content is Embedded
One way by which you can enable your business reach a large number of people is to ensure that you mix different forms of content together. You can use Facebook to embed content either into your blog post, website or anywhere else.
xx. Check Your Page Analytics
Facebook gives a better option of getting to more people without being intrusive like that of email blasting. It is also faster and allows one to engage in a real time environment that leads to an increase in sales. Knowing if what you are doing is right, you should watch your page analytics in order to know when is the best time to engage your audience.
In conclusion, Facebook has not only made it easier to do some types of business but has created new business options as well. When you dream of opening your own business, you might just picture four white walls and a place filled with boxes to unpack in a commercial space.
With today’s technology, you can start and run a business online, often with little to no cost. By focusing on your strengths, you’ll be able to build a client roster and get your online-based business started. The ball is now in your court.