Can you make money with your Facebook group? You might not know this, but yes you can absolutely monetize your Facebook groups. There’re obvious ways such as via affiliate marketing, but another way is via paid subscriptions.
You’ll have to submit your group to Facebook for approval. FB will review your group and they’ll either approve or disapprove. If you’re approved, then you can start making money via paid subscriptions.
Getting Started With FB Group Paid Subscriptions
Before getting into tips on how to make money with your Facebook groups, let’s go over the short-version of how to get started. Basically, you’ll do the following (in no specific order):
1. Come up with the name for a group
2. Create the group
3. Decide how much to charge
4. Designate yourself as an admin of the group
5. Comply with Facebook’s Partner Monetization Policies
6. Provide relevant tax and payment info
By now, you should have a general idea of what Facebook Group Paid Subscriptions are and how to get started. Now, let’s go over a few tips that can hopefully help put you on track to making money with your Facebook Group.
Tips For Making Money With Your Facebook Group
There’s a ton of things you can do to grow your Facebook Group. A lot of it is commonsense stuff and is easy to do. This includes:
1. Build Your Following via Facebook
Use your existing Facebook profile to spread the word to your ‘friends’ List. Tell them you launched a premium Facebook group and ask them to spread the word for you too. If you do this regularly or just a few times per month, then your group numbers could significantly increase.
While you’re at it, create Facebook videos. The video content should be relevant to what your Facebook group is all about. At the start and ending of your videos, encourage viewers to become members of your FB group.
2. Offer Premium Content
This is probably a dead-given, but offer premium content for your FB group’s members. Before people join, you want to make it as clear as possible that they’ll receive some sort of premium content. It doesn’t matter if you’re charging an extremely low fee to members, the content should be top quality.
3. Charge A Cheap Price At First
Speaking of charging cheap, that’s exactly what you should be doing; At least initially you’ll want to charge a cheap membership fee. If your group is brand new or doesn’t have many members, then a low price will entice people to join. The more people who join the group, the more money you’ll make with your Facebook group.
However, the choice is ultimately yours. Feel free to charge whatever you feel is fair. It is your Facebook group after-all.
4. Describe The Benefits Your Group Offers
When creating your group, and whenever you publish promotional content outside of the group, you’ll want to describe the benefits your group offers. Potential members are going to want to know what to expect if they pay to become a member. The more clearly you are about the benefits, and the more benefits your group offers, the more members you’ll likely attract.
5. Create A Blog
Create a blog, and post content to it regularly. This blog should be setup to generate traffic that you hopefully can convert to paying members of your Facebook group. Create content that is relevant to your group’s niche, and share your group’s link within your blog’s “about us” section, in 1 out of 5 articles you write for it (just an example) and in your author’s bio (if applicable).
6. Promote Group via YouTube
Let’s not forget about YouTube videos. Start a YouTube channel, create videos for it at least once per week and include a link to your Facebook group within your videos.
It is possible to make money with your Facebook group. You just have to put in regular effort, offer premium content and be patient. If you’re looking for another revenue stream, then go ahead and start a subscription/paid-based FB group.
If you decide to give this a try, then good luck and I hope you do well.