Technology moves at breakneck speeds. It’s no wonder that there are more millionaires in the U.S. today than ever before. According to CNN, in 2006, there were nearly 9 million millionaires in the U.S. Unfortunately for me, I am not yet one of those. However, with new opportunities arising on a regular basis, the online landscape is prime for the plucking and profiting. It is now easier than ever to earn money online, and a few individuals have really been able to capitalize on the power of the Internet. Think “The Million Dollar Homepage”, fark.com, boingboing.net. All these websites started with a dream, passion, and the willingness to explore uncharged territory. Their ideas were somewhat novel at the time of their inception and lucky for them, the public loved them. Now all of these sites are either staples or household names around certain communities.
Today, however, it’s not so easy to become rich by creating a website based on selling pixels, making jokes, or writing current events. It now takes a bit more creativity and effort, but there is still plenty of money to be made. One of the reigning online champions in terms of popularity and earning potential is undoubtedly Facebook. Boasting ridiculous growth rates and statistics such as
- More than 61 million active users
- An average of 250,000 new registrations per day since Jan. 2007
- An average of 3% weekly growth since Jan. 2007
- Active users doubling every 6 months
it is no wonder that anyone with an enterprising mind is flocking to Facebook in the search for a quick buck. It can be likened to the Gold Rush. Those that get there first and figure out a good way to get the money will be the ones whose names we’ll hear about for a long time to come.
With an open architecture and over 61 MILLION users at your fingertips, the trick is figuring out how to get those Facebook users to give you the time of day. There are many developers and applications willing to help you advertise on Facebook, including Facebook itself. As I wrote in one of my blog posts, the help-yourself Facebook Pay-Per-Click (PPC) ad platform just was’t working too well for me. As a lowly affiliate, I haven’t yet quite figured out how to make Facebook PPC work for me.
However, if you are a developer, then you must certainly hear about Appsaholic. Appsaholic is one of several startups wanting to become the defacto advertising platform on Facebook. Run by SocialMedia.com, Appsaholic enables you to buy installs of your application and make the available across all of Facebook. Citing some success, Appsaholic has made at least one person more than $100,000 from their application “My Aquarium”. With the ability to easily manage your application development and an intuitive interface to check your statistics, it seems that Appsaholic is your best bet for deploying a Facebook Application.
Do you have a good idea for a Facebook application? Do you have what it takes to rake in the money? The odds are that you already have an account on Facebook. Let your creative juices flow out so that money can come flowing back in! Go on over to Facebook’s “Developer Community”, check out the API and start developing. They’ve made it really simple for you to develop applications and that is one other benefit that Facebook has over MySpace. All you have to do is click a few buttons and their development libraries are available for your use in your Facebook profile. If you have skillz, it makes no sense for you not to at least try this! You could be the next big thing!
To learn more about monetizing your Facebook applications, check out the following resources:
- Socialmedia FAQ
- Monetizing Facebook Applications
- A Much Better Approach to Facebook Application Monetization
- Monetizing Facebook Applications (another one)
Nick is a 20-something full time grad student and full time IT guy. Specializing in Information Architecture, he often dabbles in online projects. His latest project, a blog at http://www.learnhow2earn.com, is a project that details his online money making experiences. Like what he has to say? Check him out and drop a comment!