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Today if you take a record of the most popular social networking sites, Facebook will be right on the top of the list. It is generally used by the people all around the globe. Facebook is a social networking site i.e., it is an Internet based web site where one can create their own profile describing about themselves along with personal information and interests, you have features like chat, blog, send personal message, add, images, videos, etc. Most of us spend our leisure time on such social networking communities like Facebook, Twitter, MySpace, etc mainly to keep in contact with friends and family. Instead of just surfing such web sites have you ever thought of monetizing your fans or followers? Sponsored posting is one such technique where branded companies like Fastrack, Nike, Titan, Reebok, etc use this to promote their products and there by their business. They post the ads on your Facebook profile for which they will offer you a certain amount as commission. Ad may be on any new product launch or some latest seasonal offers. Affiliate marketing is another marketing method related to e-Commerce where other publishers or web sites will promote your business there by if any sale happens due to this intermediate source then a certain amount is credited to the account of that source. In Facebook you have this particular feature to promote affiliate links to your fan followers in Facebook. The referral fee is set by the owner of the web site. There by sitting at home you can earn few bucks. By creating an online store you can buy and sell products. There are e-Commerce web sites that will let you create an online store in Facebook profile. Generating sales will result in earning a percent of that particular sale. You can refer your store to your friends in your community; likewise they can also have a store of their own. Any number of products can be added or removed to this storehouse. Also you should see if there is provision to access credit cards and should support popular payment gateways, because transaction should be safe and secure. Also recent survey shows that when compared to average online customers, Facebook customers have 10% larger shopping carts. Even for small enterprises Facebook commerce is of great benefit. You can gain more and more profit if you monitor your e-commerce in a smart way on the trend followed and updating your fan followers about the same. E commerce on Facebook or Social commerce is definitely going to be a strike in the market. When compared to the traditional methods of setting up an online store, social media commerce is much simpler and less expensive. You need to have the right number of active fans to set up a Facebook store. And now you would have got an idea how make money setting up a store on facebook
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