How To Monetize Facebook

While it may appear to be an overwhelming task to make money using social media marketing, following are some examples of how to successfully create and monetize a facebook strategy. Of course, in addition to making money, your Facebook social media strategy is a powerful tool to generate awareness of your product or service.

One of the more successful examples of a company monetizing Facebook is Burger King. In short their facebook strategy was that they asked users to sacrifice 10 friends to earn a free Whopper. This brought people into the restaurant and because most folks ordered fries and drinks with their free Whoppers, the company profited greatly from this social media strategy. In fact, this facebook strategy was so successful that Facebook promptly shut it down. (more…)