If you’ve ever thought about making money through Facebook and wondered if it’s possible, this guide is perfect for you. We’ll break down the latest Facebook monetization requirements, walk you through setting up your profile or Page for earning, and explain what the creator studio monetization eligibility entails.
Many talented Nigerians spend a lot of time and effort creating fun and engaging content but don’t see much financial reward. Watching your follower count rise while your bank account doesn’t can be frustrating.
The good news is that you can monetize your Facebook. Thanks to Meta’s new rules, content creators in Nigeria have started earning from their posts since July 1st, 2024.
This article will explain the following: Facebook Monetization Requirements, Facebook creator studio monetization eligibility, and Facebook page monetization eligibility.
Ensure you read to the end!
Table of contents
- What is Facebook Monetization?
- Why You Should Monetize Your Facebook Page
- Eligibility and Requirements for Facebook Monetization
- How to Check if Your Page or Profile is Eligible for Monetization?
- What Types of Pages Are Allowed to Monetize on Facebook?
- What Type of Content Should be Shared to Monetize a Page?
- How to Maximize Revenue When Monetizing on Facebook
- Common Issues and Solutions when Monetizing Facebook Content
- FAQs
- Conclusion
- References
- Recommendations
What is Facebook Monetization?
Facebook monetization is about making money from the content and activities you post on the platform. There are different ways to do this, like in-stream ads, fan subscriptions, branded content, and more.
Each Facebook monetization option has specific requirements, like reaching a certain number of followers or getting enough watch time before you can start earning.
Not everyone can monetize their Facebook account right away, though. You need to meet Facebook’s rules and requirements. But if you’re consistent with creating quality content and growing your audience, it’s a great way to earn while doing something you enjoy.
See also: Meta Rolls Out Two Monetization Features for Content Creators in Kenya
Why You Should Monetize Your Facebook Page
Monetizing your Facebook page can turn your online presence into a money-making platform. Here’s why you should consider it:
#1. Earn Extra Income
By turning on Facebook’s monetization tools, you can earn money from your content, products, and audience interactions. This can serve as an extra income stream alongside whatever else you do.
#2. Monetize Your Audience
If you’ve built a solid fanbase on Facebook, you can profit directly from your followers. It pushes you to create better content, knowing your hard work can pay off. For example, Sabinus (Mr. Funny) has mastered this. With over 5.3 million followers, he consistently drops skits that go viral and bring in more income.
#3. Boost Your Brand’s Reach
Monetization tools like in-stream ads and Facebook Shops don’t just help you make money—they can also increase your brand’s visibility. This can lead to more followers, higher engagement, and new customers.
#4. Diversify Your Income
Relying on one income source can be risky, so monetizing your Facebook page gives you another way to earn money. As a social media manager, you can grow your page and help others manage theirs while making money from your content.
#5. Unlock New Opportunities
When you start earning from your content, it proves that your creation has value. You can use that income to invest in better equipment or spend more time on content creation, which could lead to even more growth and opportunities.
Monetizing your Facebook page can become a reliable and profitable part of your digital presence, opening up new doors for growth and income.
See also: How to Avoid and Fix Music Copyright Claims on TikTok
Eligibility and Requirements for Facebook Monetization
There are certain requirements and eligibility for Facebook monetization before you start enjoying money from the platform.
Just like earning money on Twitter (X), the requirements to earn money on Facebook include:
#1. Followers and View Count
To use tools like in-stream ads, your page must have at least 10,000 followers and 600,000 total minutes viewed in the last 60 days. These numbers show that you have a big and active audience, which is important for advertisers and other ways to make money.
#2. Follow Facebook’s Monetization Rules
Facebook has specific rules for monetization that you must follow. This includes keeping your content high-quality, avoiding misleading information, and ensuring your page follows all of Facebook’s guidelines.
Using Facebook’s Monetization Eligibility Checker in Creator Studio, you can check if your page is eligible.
Once you meet these requirements, there are several ways you can start earning money from your content on Facebook.
#3. Enable In-Stream Ads
If you create video content, you can earn money through in-stream ads, which are short ads that play before, during, or after your videos. For live videos, these ads can appear as pre-roll or mid-roll ads.
To qualify, your page must have 10,000 followers, 600,000 minutes of video watched in the last 60 days, and your live videos must be at least 3 minutes long.
To get started, go live regularly and interact with your viewers to keep them engaged. In the Monetization section of Creator Studio, you can enable in-stream ads for live videos.
#4. Fan Subscriptions and Instant Articles
Fan subscriptions let your followers support you with monthly payments in exchange for exclusive content or perks. Add a “Support Now” button to your posts to encourage sign-ups.
If you’re a blogger, you can also make money through instant articles by allowing ads to appear. You can sell the ad space directly or let Facebook place ads automatically.
#5. Stars and Gifts
This feature allows fans to buy and send stars during your live streams. You earn $0.01 for every star you receive. It’s a fun way to engage your audience while earning money from live content.
#6. Branded Content and Partnerships
Branded content means working with brands to create posts, videos, or stories that promote their products or services.
To get started, you can reach out to brands that match your content style or join influencer marketing platforms to connect with potential partners.
When you work with brands, always be transparent using Facebook’s Branded Content tool, which adds a “Paid Partnership” label to your posts.
By following these steps, you can start turning your Facebook content into a steady source of income while engaging with your audience.
See also: Meta Increases Ways for Content Creators in Nigeria and Ghana to Earn Money
How to Check if Your Page or Profile is Eligible for Monetization?
Here’s a simple way to check to see if your Facebook page or profile qualifies for monetization.
#1. Checking if Your Facebook Page is Eligible for Monetization
A Facebook Page is a public profile that allows businesses, organizations, and others to create an official presence on Facebook.
To check if your Page can be monetized, follow these easy steps:
- First, head to Meta Business Suite on your desktop.
- On the right-hand side, look for the “Monetization” option and click it. This will take you to the “Overview” section, where you’ll see a list of monetization tools you qualify for.
- Click “Set Up” to start with any tool you’re eligible for.
- Ensure your account details are correct, then click “Set up Monetization.” Once monetization is enabled on your page, Facebook will send you a confirmation email.
This process lets you review your eligibility and decide if you’re ready to monetize your Page. For more information about the specific requirements for each tool, visit Facebook’s support page.
#2. Checking if Your Facebook Profile is Eligible for Monetization
You can also earn money from your Facebook profile if you’ve turned on professional mode and meet Facebook’s Partner Monetization Policies.
To check if your profile is eligible:
- Turn on professional mode.
- Tap on the professional dashboard on your mobile device.
- Go to “Tools to Try.”
- Select “Monetization” to view the monetization programs and tools available in professional mode.
This will help you set up your profile and start earning. For more details, click here.
See also: Zuckerberg Admits Meta Cooperated with Government to Censor Citizens Content
What Types of Pages Are Allowed to Monetize on Facebook?
All Facebook Pages can be monetized if they meet the eligibility requirements.
Pages about art, beauty, photography, gaming, lifestyle, entertainment, fashion, humor, health, education, music, sports, and travel can be monetized if they offer engaging content and follow Facebook’s rules.
Pages focusing on business, finance, tech, and news can also qualify, but they must stick to the same guidelines and provide relevant, valuable content that keeps their audience interested.
See also: WhatsApp to Introduce Tailored Ads: What Users Need to Know
What Type of Content Should be Shared to Monetize a Page?
To make money from your Facebook page, you must consistently post original and unique content that follows Facebook’s ad policies.
Avoid political or religious topics, as they could get your page blocked or suspended. Focus on a niche or topic that helps your content stand out and maximizes your earnings.
Additionally, make sure your content is engaging and interactive. Adding polls, surveys, quizzes, or other interactive elements can boost ad views, attract more video traffic, and spark interest in your products or services. In all you do, you must stay safe and protect your privacy on social media.
Users who find your content fun and relatable will be more likely to watch, share, and engage with it. Hence, regularly update your page to keep your audience returning for more.
How to Maximize Revenue When Monetizing on Facebook
To maximize your earnings, you need to know your audience and create content that speaks directly to them. Shareable content increases engagement, which in turn boosts your income.
It’s also smart to diversify how you make money. You can sell products or services, launch online courses, or even collect donations from fans.
Another great way to grow your revenue is by using Facebook Ads. Target the right audience with well-crafted ad copy to get the best results from your campaigns.
Importantly, use Facebook Insights to track your page’s performance. This will help you see what’s working and adjust your monetization strategy as needed.
See also: WhatsApp Influencing: How to Make Money Online on WhatsApp 2024
Common Issues and Solutions when Monetizing Facebook Content
If you run into problems with monetizing your page, here are a few solutions:
- First, check if you’ve met all the Facebook monetization eligibility criteria.
- Make sure your payment details are correct in the payment settings section.
- Look for any technical issues that might be stopping your payments.
- Read through Facebook’s terms of use and monetization guidelines to be sure your content doesn’t break any rules.
If you’re still having trouble, contact Facebook’s support team. They have experts who can help you fix any issues. You can also join online forums where other page owners share tips and advice on successful monetization.
FAQs
Yes, Nigeria will be eligible for Facebook monetization starting in June 2024. Meta has confirmed that creators in Nigeria will be able to make money from their content on both Facebook and Instagram by then.
To check if your Facebook Page is eligible, go to Creator Studio and navigate to the “Monetization” section. It will show you the criteria you meet for different monetization tools, such as in-stream ads, subscriptions, and more.
Yes, once monetization rolls out in Nigeria in June 2024, Nigerian creators can earn money from their Reels on Facebook.
The approval process can vary. After you apply and meet the requirements, Facebook will review your application. Depending on the demand and your situation, this process can take anywhere from a few weeks to a few months.
Yes! Starting in June 2024, Nigerian creators can earn through features like in-stream ads, Reels, subscriptions, and more.
Conclusion
Meeting the Facebook monetization requirements for your profile or page in Nigeria is a great way to turn your content into cash.
Hence, you can create a steady income from your Facebook account using monetization tools like in-stream ads, fan subscriptions, and affiliate marketing.
Just remember, building a successful monetized page takes time, effort, and commitment to consistently create content your audience loves.
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References
- Supliful.com – The Ultimate Guide to Facebook Monetization Requirements
- Digitalmarketingskills.com – How Can I Monetize My Facebook Page From Nigeria in 2024
- Technext24.com – Facebook monetization requirements explained: Here is all you need to know
