Facebook Groups are a great way to create an online community and build trust with potential customers. In this article, we are going to dive into how to start a group (for those ready to jump in) and offer all the different avenues of revenue that can be utilized on the platform with helpful insight from members of the Startups.com community. In recent studies, having a group of 3,000-5,000 highly targeted group members could be enough to make money if the dollar value of products and/or services that you are offering them are high enough. You can charge businesses or companies that are looking to target that specific audience a flat fee and post their products/services on their behalf. Free Resources You can get extra creative and offer premium content to those with group membership, and keep a general offer to entice other Facebook users to join your online community. Sell access to a private chat room. The community is always watching and sometimes buying something from a group member is a powerful way to monetize your Facebook group. A lot of the time a purchase is made in a private message, so make sure to tastefully thank whomever you buy or sell anything to in the news feeds of your group's pages. Check back with more updates as the algorithms change and other benefits are launched on the platform. And explore the many articles we've written to support budding entrepreneurs trying to find their way in the sea of startups.
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