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Activating the money-making feature on Facebook helps you maximize interaction on your account and generate additional revenue. So, how do you activate the money-making feature on Facebook quickly and easily?
I. Money-Making Feature on Facebook
Previously, Facebook did not support users in making money on its social media platform. This meant that Facebook was only a traditional social networking site rather than a money-making social media platform like YouTube. However, to attract users, Facebook had to change to compete in the social media market. The latest version of Facebook has been supplemented with various features to attract users. Among the new features, the most anticipated by users is the money-making feature on personal accounts.
Ways to Make Money on Facebook
Method 01: Earning Money from Gifting Stars
Facebook not only supports users in generating revenue from the platform but also assists in generating revenue from interactions with other users. Simply put, earning money from gifting stars is similar to the 'donate' feature used by present-day streamers. Viewers will use money to buy stars and gift them to their favorite people on Facebook. For content creators, after earning enough stars, they can convert them into cash. This feature has been implemented very well by the TikTok platform, and now Facebook has made changes to provide users with more options.
Method 02: Earning Money from Facebook Ads
Earning money from advertising is no longer unfamiliar to users as the social network Youtube has been using them for a decade. Earning money from ads on Facebook is 'easier' because users only need to develop content, while Facebook will automatically insert ads between videos. When ads are inserted into videos, each display/interaction will be converted into money for content developers. Currently, Facebook does not disclose the specific amount for each interaction, but based on revenue statistics, Facebook is paying more generously than Youtube.
The feature of earning money from Facebook ads is currently stricter than earning money from gifting stars. Users must meet some basic criteria to activate the feature of earning money from ads. However, Facebook's approval process is much simpler than many people think, as long as you upload videos for 1-2 weeks, you can get approved successfully.
II. How to Activate the Money-Making Feature on Facebook
To activate the money-making feature on Facebook, you will need to switch your account to a 'Professional' account. A Professional Facebook account allows you to monitor all user information, interactions, as well as view statistics from various sources. The Professional Facebook account also comes with additional quick video editing tools (similar to Youtube) to make it easy for content developers to cut, edit, and modify videos quickly.
Step 1: Open the Facebook app, select Profile, and choose Expand Options. In the options section, select Enable Professional Mode to begin setup.
Step 2: When the Professional Mode setup window appears, select Enable and click Continue.
Step 3: After enabling Professional Mode on Facebook, your account cannot immediately start earning money, and you need to set up additional items as follows:
Select View Dashboard, then choose Get Started in the 'You're Eligible to Start Earning with Stars' section.
Step 4: Choose Settings in the Star section and select Start to activate the feature of earning money from gifting stars and gifts on Facebook.
Step 5: After successfully setting up earning money from Stars, select Stars to view detailed information – estimated income when earning money on Facebook.
Step 6: On Facebook, there are various sources of income for content developers, among which earning money from Stars is considered the core of Facebook.
Exchange Stars for VND: 10,000 Stars = 2,300,000 VND = 100 USD
(September 2023)
In addition to earning money from stars, Facebook offers various other ways to make money such as:
- Earning money from Reels views
- Earning money from Facebook Live (Streaming on Facebook)
- Earning money from VOD
For extended monetization features from views, you need to have a certain level of interaction and have previously received Stars from viewers. The approval process for earning money on Facebook through views is fast and convenient, so don't hesitate to give it a try!
In this article, Software Tricks has shared with you an easy and 100% successful way to enable the money-making feature on Facebook. Have a great day!
