Banking and Finance

How to Monetize your Facebook Page

How to make Money on Facebook

How to make Money on Facebook

There are plenty of ways to make money on Facebook: product promotion, fan subscriptions, in-stream ads, and live streaming.

Facebook page is a money-making machine, If you’re not using your Facebook page to make money, you’re missing out

For those asking how to monetize a Facebook page, here are the steps on How to Monetize your Facebook Page.

All you have to do is,

Type “Facebook Creator Studio” on your browser

Facebook Creator Studio
Facebook Creator Studio

Click on the creator studio and log in. Know that you must have a Facebook page before you can access the Creator Studio.

Facebook Business Manager Setup
Facebook Business Manager

You can also type “Facebook Business Manager” on your browser. Click on login. You also must have a Facebook page to access your Facebook Business account. Then, Locate Creator Studio

Now Head to the Facebook Creator Studio, which you can use to upload content and keep track of your videos’ performance.

Go to the Home Page. On the Home Page, head to the column on the right-hand side and click ‘Monetization.’ (See Image above)

From there, you can check out the ‘Overview’ section, which will tell you what kind of monetization you’ve got the thumbs-up for.

Make sure your details are correct and click ‘Set up Monetization.’ You’ll then receive a confirmation email from Facebook for Creators and just watch the cash roll-in.

Facebook Page Monetization
Facebook Page Monetization

The criteria include:

1. You must have a page. You can’t access the Creator Studio without having a Facebook page.

2. You must be the admin of the page.

3. You must have at least 10,000 followers.

4 You must have at least five active videos, all more than a minute in length.

6. The videos must be original. That’s, you must be the first person who posted the videos on Facebook, and they should not have any copyright claim or watermark from another video creator

7. You must also need at least 600,000 minutes of views in the last 60 days. Yeah, 600,000. If you want to monetize Live videos, at least 60,000 of those minutes need to come from Live broadcasts; three of your minimum five videos also need to have come from Live sessions.

8. You must have at least one of the following in the last 60 days: 15,000 post engagements, 180,000 minutes viewed, or 30,000 one-minute views of a three-minute video

 

How To Set up your Payment Account for your Monetised Facebook Page

Once your Page is approved for one of our monetisation products, we prompt you (as the Page’s admin) to set up a payout account. To make sure that you get paid the money you earn, we need you to provide the following information:

Monetised Facebook Page Payment account setup requirements

Legal name, address, phone number, and email address

The information you provide must be for the Page admin responsible for payouts.

Country of residence and business type

You must provide your taxpayer information, based on your country of residence and business type.

  • If you select the United States as your country of residence and identify yourself as an Individual, you’re asked to enter your SSN. If you select the US and identify yourself as a non-individual business type, you’re asked to enter your EIN.
  • If you select a country of residence outside the US, you’re asked to enter your applicable foreign tax ID.

 

Bank or PayPal account information

To link a bank account, you’ll need to verify the bank’s country, the routing number/sort code, the account number, and the account holder’s name. To link a Paypal account, you’ll need the account’s country, associated email address, and the account holder’s first and last name.

An IRS tax form

  • United States: By law, Facebook is required to collect tax information if you are a US individual or entity receiving payments from Facebook, Inc. You will be prompted to complete and upload your Form W-9, which can be downloaded from the IRS website.
  • Canada and Brazil: By law, Facebook is required to collect tax information if you are either a Canadian or Brazilian individual or entity receiving payments from Facebook, Inc. You will be prompted to complete and upload your applicable Form W-8, which can be downloaded from the IRS website.

In Conclusion

If you are not making money on Facebook, you are missing out. Go and monetise your Facebook page today and make money daily on Facebook while you have fun updating your social media profile.

Leave a Reply

Your email address will not be published.

Back to top button