Make Money with Facebook, part II.
Hi Readers!
This is the second time now that I will harp on about facebook applications and how they can be used to make money. In the first installment I looked at how to build a facebook app up and sell it on, which is done quite easily by building a PPC campaign for your app, sitting back and then selling up when you get to 10,000 or so users for a nice healthy profit. (Anybody that DOESNT know where to get a facebook app, try out Turnkey Facebook Apps)
Well, its not the only way to monetise a facebook app, the other easy money route to cashing in on your app is by selling the advertising space on the application itself. The only problem is that the CTR for adsense is about the lowest I have ever seen anywhere, so what to do? Well the best bet is to sell your clicks privately, advantages: you get 100% of the profit, disadvantages: its complicated to control and keep tabs on your earnings, as everything has to be done by hand (and you need coding knowledge to actually do the banner rotation/tracking software). Another thing you could do is to sell your advertising space to a facebook specific advertising company.
I am aware that Turnkey Facebook Apps will be incorporating such a feature in the next few weeks into all apps that they sell, so it might be a good idea to buy one off them and then benefit from the advertising platform as well. I have also heard that each app sale from now on will get $25 in clicks when they launch their platform, so you can even put that against the cost of your app and save money as well.
A decent app with 100,000+ users can earn as much as $4,000 per day, so the money could be rolling in sooner than you think!
Anyway, off again for my calimocho