Thursday, May 26, 2011

10 Step Strategy for Making Money with Your Facebook Account

In just a few minutes, you are about to find out the little known secrets to turning your facebook account into a recurring income generating asset that the gurus don't want you to know about!

Facebook has over 500 million users, of which 50% are daily users, a site that people connect on, share on, sell on, heck even make movies about! Most industry insiders think that Facebook gets more targeted traffic than the Big G itself! Google.

Facebook is now the single largest site on the net and the most savvy internet marketers are using it to rake in MASSIVE PROFITS...every single day!

Facebook loves marketers and they are already out there taking advantage of the targeted traffic power of Facebook to flood their own sites piggybacking off the hundreds of millions of users every day.
So while you may be using Facebook daily for playing games, talking with friends, giving status updates and joining groups, uploading photos, videos and events, YOUR marketing competition is using social media to drive hoards of keenly targeted visitors to their sites and are making huge piles of money.

Here, I would like to share a 10 step strategy with you for making money with your Facebook account.

Step 1: Understand the Social Media Marketing
A lot of people are confused by the term “social media marketing” or SMM and believe that it is only advertising on a social networking site, where networks monitor what users are doing and place ads next to them, hoping they will get a click. However, social media marketing is actually about different kinds of collaborations between people and finding ways that individual fans of a particular brand product or even a company can endorse it themselves on various social media sites like Facebook, MySpace, YouTube, Twitter and others.

Step 2: Realize the Power of Facebook
No social network can match Facebook’s current momentum or broad inter-national customer adoption. It hosts a range of social applications and has been the market leader in social media since April 2008. Currently Facebook has more than 500 million active users, 50% of our active users log on to Facebook in any given day, average user has 130 friends and people spend over 700 billion minutes per month on Facebook. While Facebook does not disclose specific financial information, the company earns money from sponsored advertising, self-serve advertising, and virtual gifts. Microsoft took a 1.6 percent stake in Facebook for $240 million in late 2007, and the two companies continue to work together on syndicated advertising opportunities through Microsoft adcenter. A healthy developer ecosystem has been created around Facebook, although the third-party developer craze was lessened somewhat by a series of restrictions placed on developers after early applications propagated too many messages through user profiles and news feeds.

News paper circulation rates are in decline, and most television ads aren’t profitable. Facebook has a far larger audience than old media. That alone has been enough to convince some that it’s the perfect place to try a new marketing plan. If you need more incentive, consider the huge amount of personal information that users give the site and, therefore, advertisers. Facebook provides brands with new ways to target ads more effectively than ever before. The best part? All of this information has been volunteered by users. In many cases, they have actively opted into more targeted advertising by “liking” ads or allowing Facebook to share their data with select external sites and partners.

Step 3: Get Know Who are Using Facebook
Before selecting product or service for Facebook marketing, it is important that you first identify your target market. Target markets and ways that you can connect with them are explored in-depth in online marketing courses. The following demographic and geographic report will definitely help you to identify your target market. You will get Facebook User Demographic and Geographic Report from ignitesocialmedia.com/.../2011-social-network-analysis-report/

Step 4: Select your Product or Service
Selecting your product or service for facebook marketing is a decision making subject.
While there are literally thousands of affiliate programs online, we're only interested in the ones that offer the highest commission payouts. We want to be able to see our campaigns driving in cash every single day, without having to wait for any minimal payout requirements, or being forced into selling hundreds of products in order to generate a few thousand dollars a month.
Instead, we're going to take a refreshing approach and focus only on the highest paying offers because we know that the more money you earn from each sale, the fewer sales you'll actually need in order to generate a decent pay check.

Step 5: Create an Awesome Facebook Profile
Besides the fact that you need at least a barebones Profile to set up any marketing effort on Facebook, you can also use your Profile as a sort of sand box for trying out different Facebook applications and features. Creating your own Profile will help you understand Profiles from a user perspective. You need to know what user see, do, like, and dislike on the site in order to know what works (and what doesn’t) in the world of Facebook marketing. Visit gimp.org getting FREE resources creating your awesome profile.

Think about your client. If you were a prospective client of your business, what would you like to see on a profile? Be thorough and truthful, but keep your prospects in mind. There are some things your clients don’t need to know, and other things they should know – remember, this is a business profile. Include those aspects of yourself that coincide with your business intent.

Step 6: Buid a Sticky Facebook Fan Page and Optimized It
A facebook page is key to most social media marketing strategies and will more than likely be the central point for most of your efforts and promotions. Twitter is great for quick updates, but to get the full story, user usually need to click elsewhere. A facebook page allows you to provide both in one place, while also offering full customization and a variety of interaction. You can use Facebook tabs in lieu of landing pages on your actual websites or affiliate links, because tabs have more built-in social functionality, are easy to update, and are especially helpful for running contests and promotions. But even if you foresee offering giveaways through tabs, you should still invest some serious setup time in page customization. Build your Page for success the first time around by populating it with lots of optimized content and developing a content strategy to keep it fresh. You can spend as much or as little time as you can afford updating and maintaining the Page, and your time input will vary as your goals and use of the Page fluctuate. If you fill out the page completely and make it interesting and engaging early in, however, it’s easier to take some time off later.

Optimize Your Fan Page: Optimizing your Page begins with setup and continues throughout your Facebook marketing strategy. Below few tips below will help you start your Page on the right path and enable you to better optimize later through content and design.
-> Pick a descriptive Page name and URL
-> Fill out the Info section completely
-> Use the About box
-> Cross-promote your content
-> Encourage engagement
-> Keep content flowing

These tips will help you optimize your Page during setup. To keep it up to date, ranking highly, and attracting new members, however, you also need an ongoing content strategy.

Step 7: Promote Your Facebook Fan Page
You’ve set up your FAN Page and created a custom tab, and optimized content is flowing. Now it’s time to promote your page and convince people to like it. The best promotions incorporate a combination of paid, organic, and incentive offers. Try to use all three; just make sure your page is ready to be unveiled before you start asking people to join.
To Get the Free Ways to Market on Facebook CLICK HERE

Step 8: Create Facebook Group
Facebook Groups are often set by fans of a brand, as is the case with the extremely popular Coke bottle Groups that exclaim how much better a bottle is than a can. Groups are much faster and easier to create than Pages, which is why many fans are quick to set them up, but they also offer less functionality. Most of your Facebook marketing efforts should stem from a Facebook Page; Pages are the official channel for brands to reach consumers, as determined by Facebook. Over all they offer more functionally and better opportunities to interact with members. As a marketing tool, a Group is better option when: Time is a factor. Groups are helpful for time-sensitive initiatives that need to reach critical mass quickly. In a global Group member can send bulk invites to his friends, which can be helpful for viral marketing. Beware of over using this feature, however, as those invites may be perceived as SPAM.
Get to Know When You Will Create a Group visit www.facebookdollar.com

Step 9: Use Facebook Events
Using facebook’s Event function, you can invite users to any event, be it real or virtual. Events are great for rallying Page members around a timely happening, whether it is a sale, movie opening, menu revamp, or new product lunch, Plus, because Events have a dedicated tab on your page, Page members can easily see what you’re up to. Events are quick and easy to set up, perfect for creating quick response to a time-sensitive issue. This makes them a no-brainer for inclusion in your Facebook marketing strategy. On the flip side, they are also easy enough for anyone else to make, leaving a lot of Event clutter on the site. This makes it harder (but not impossible) to use Facebook Events effectively. You just need a little extra effort to make your Event stand out.
Get to Know When to Use an Event visit www.facebookdollar.com

Step 10: Measure Your Success Using Analytics of Facebook
As with any marketing efforts, closely tracking the success of Facebook marketing is extremely important not only to justify your investment but also to improve your future work. Facebook itself includes a robust analytics platform know as Insights, which allows you to gather information about your Pages, applications, and ads. You should also be aware of how your Facebook marketing campaigns are affecting the performance of your properties outside of Facebook.

You’ve got an overview action plan to get started, and I recommend starting off with one affiliate product that has demand and you know the target user and then follow the simple steps introduced here to market that product, so that it will generate targeted traffic for you a multitude of different ways. Not only is this the easiest way to begin generating prime traffic that will drive in commission payments, but it’s also the most affordable strategy for getting started quickly and without having to invest a lot of money in Facebook.

Discover How You Can Generate Unlimited Targeted Traffic And Skyrocket Your Income With Facebook DOLLAR!

To Get a FREE Copy of the Facebook DOLLAR eBook Click Here.

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