So you have a Facebook group and you’re looking to find ways to monetize it. It’s not as easy as you think it would be. If you’ve got a Facebook page, you’re able to jump through hoops, qualified based on engagement metrics and start working with brands.
How To Monetize A Facebook Group
In fact, I’ve done a video on how you can monetize your Facebook page.
But a Facebook group is a community of people built around a specific ideal hobby or event.
I am the founder and admin for the Download Festival fan page on Facebook. The Download Festival is a music festival in the UK that is the spiritual child with the monsters of rock festival in the 1980s. That Facebook group has around about 60,000 people, but I don’t monetize the page. I simply spam them with a load of my videos from time to time and build up an audience that way.
But they’re ways that you can monetize a Facebook group.
1) Relevant and related affiliate links.
One is sharing relevant affiliate links. So using this Download Festival fan page, as an example, the festival, there’s music there and there’s campaign and relevant links could be run about a month or two before the festival.
I start sharing out camping equipment, torches, tents, gazebos, rucksacks boots, because you know, this festival is during June in the UK, so normally it is either baking hot with sunburn and hay fever, or you’re drowning.
These affiliate links, you can push towards places like Amazon, or if you have an arrangement with a camping company, my case, then you can push in that way.
But let’s say, you’re talking about Tech in your Facebook group. You can then push them to phones and cameras and laptops. Maybe you’re a filmographer and you’re pushing people towards cameras. Or in my case, on my YouTube channel, I’m helping you figure out what animations you need to use.
So you could use place it down below for intros and in-screens. Or if you’re trying to get subtitles, I’d push it down to something like rev.com, where they can easily subtitle all your content from just $1 to $2 per minute, per video, in any language.
You see, the relevancy matters because if I’m pushing on this channel halfway through teaching you about YouTube, I’m pushing you to go and buy a nightlight for a toddler, or I’m trying to sell you a tent, it’s not relevant and it won’t convert as much, but if you’re pushing relevant links on the page, not only does it mean that it blends in well with the thing, but it adds a value.
People could ask you, “Well, what for man 10 can I use?” And I could go, “Well, here’s 3/10 that you might want to look at, or here’s a torture. Here’s a bundle that they do, because it’s more relevant.”
It might help them do their research and it’s more likely to convert in the long run rather than me selling baby grows in a group that’s dedicated to male bodybuilding.
2) Digital products.
Now this is the next step up from affiliate marketing, where you possibly have a book or a download pack or a training course of some kind, the group is they’re learning about that specific field, so let’s say the group is about cameras.
This digital product could be a user guide menu on how to set a type of camera. It could be tips and tricks on lighting. It could be a download looks pack for grading your colors. It could be 10, 20 backing tracks because you’re there and you’re creating the music.
A digital product could be a great way to monetize that group while still offering them value. Once again, you don’t want to be giving breastfeeding tips to an entire group dedicated to kids’ toys, memorabilia, but a digital product can just float around, it could be connected to the group.
I will be launching one very soon for this channel myself and if it already exists, then there’s a link down below, and it could be something about helping you with your thumbnails or giving you loads of templates to play with.
Now this doesn’t directly monetize the page up point of impact.
But if you get people in your group that are interested in the content that you share to sign up for your newsletter, then you’ve got your way to engage them at a later date, should you have a digital product or should you be promoting in my case, a music festival, in which you can send an affiliate link where you buy your ticket through here and I get paid.
I have a newsletter here, which I’ve handed out a free ebook for ages, right? And then I just engage with news. Once again, I could be much more aggressive with the way I monetize my content, but I don’t.
There’s many people out there that will have it home. They’re selling you online courses, or they’re selling you this, or they’re selling you that, or they’re upgrading your membership.
I prefer to just educate you here, and then hopefully in the long run, if you feel that I can help you, then maybe you contact me and I can coach you, or you trust me enough to use the affiliate links down below. I don’t want to strong arm you, but a newsletter could be a good way to build a contact list of all people that are really interested in that specific niche.
So let’s say you’re really good at knitting, you want to build a mailing list of everyone that’s good at knitting or interested in that hobby. That newsletter can then send out patterns once a month, and then when you’re ready, you can sell a book with the patterns in it, or you can push them towards specific knitting needles, or you can start selling popular patterns.
So that say, here’s how to knit your own granny blanket or face mask or Willy warmer or whatever it happens to be.
4) Selling advertiser posts.
Now, this is a direct impact on the community that you’ve built there.
I don’t do this for my festival page, but the 60,000 people there, if there was a band that wanted to promote themselves, if there was a product that wanted to be launched, maybe a new camping supplier that wanted to pay me 50, 100, 200, or a thousand pounds to post an advert to have it pinned or to have it promoted, that’s a good way for you to make income based on your group.
You know the engagement that you can get, you know the impact that it might have on your metrics. You have the insights tab on Facebook, so you can drill down and give that juicy info to the possible advertiser.
The best thing is that you’re not giving personal data to the advertisers, so you’re still covered by GDPR, but you access to your community, you get money in return, kind of a win-win.
5) Associated podcasts.
Now I’ve got a podcast for my YouTube channel. It’s called the “Start Creating Podcast” and you can go and see it at “startcreatingpodcasts.com.” It’s hosted by anchor, it’s on Apple and Google Play and Stitcher and in most places that you search for your podcast.
I teach you on there some of my tricks and tips that I shared on here and every now and then I do very deeply personal ones as well. I’m able to break out of the 5-10 minute format here, and I can talk to you for 20, 30, 50 minutes waffling on in a slightly less edited format.
Podcasts can distill the hardcore audience within a page into something that they want to listen. Going back to the camera fanatics idea. You are in a group where there are 20,000 or 30,000 people, or even 200 or 300 people that use that group to learn about cameras.
Each week you could sit down and you could talk about the latest camera, the latest camera news, the latest tech, the latest shots. You could get out the photographers on them. They can tell you how they shoot a wedding, how they shoot action shots, how they do skydiving.
The podcast is the way that you monetize that page because you bring them over to that audience, and then you can start putting adverts in against that podcast or using those metrics to start inviting guests on that may pay you to be on your podcast, or in the long run, pushing people to affiliate things through that podcast because they trust you and are willing to listen to you on a regular basis.
6) Charity fundraisers
Six, you can monetize your Facebook group with charity fundraisers.
Now this doesn’t directly put money in your pocket, but it doesn’t have to, really. Let’s say your group is all about cancer survivors or COVID survivors or Grenfell or MLS, Alzheimer’s, dementia, veterans of war.
Here’s your chance to give back because they’ve given to you with the support. You can put up your charity fundraiser, everyone’s motivated and highly engaged. I’m not suggesting that you do it every day, but you can monetize that audience to help a set cause by just picking a charity fundraiser, promoting it, and hopefully you could have other people that have gone through similar situations.
Now, if you want to learn how to monetize your Facebook page, there is a video here. And if you want to learn how to monetize in general using affiliate marketing and passive income, there’s a video here.
Remember to subscribe for regular YouTube, Facebook, social media tutorials, and I’ll see you soon.