Many people post on Facebook without realizing that the platform offers opportunities to earn money. Starting from July 2024, countries like Nigeria are officially eligible to monetize their Facebook pages. This blog post will guide you through the requirements and eligibility criteria for making money on Facebook, explore the various monetization features available, and provide tips on how to check your Facebook monetization status.
Facebook, one of the world’s largest social media platforms, has evolved from being just a place to connect with friends and family to a significant source of income for content creators. With the introduction of the Facebook Creator Fund, monetization opportunities have expanded, allowing creators from various countries, including Nigeria, to earn from their content. This post will look into the specifics of Facebook monetization requirements, highlighting what creators need to know to start earning.
About Facebook Monetization
Facebook monetization allows content creators to earn money by sharing videos, engaging with their audience, and using various features provided by Facebook. The platform has introduced several monetization options, including in-stream ads, ads on Reels, and more. These features enable creators to monetize their efforts by placing ads in their content, offering paid subscriptions, and collaborating with brands for sponsorships.
Requirements and Eligibility for Making Money from Facebook
Monetizing your Facebook content in 2024 requires meeting specific criteria. The requirements have been updated to make it more accessible, and now, having a minimum of 5,000 followers can qualify you for monetization.
General Requirements
- Minimum Followers: Your Facebook Page must have at least 5,000 or 10,000 followers.
- Engagement: Your page must have generated significant engagement in the form of views, likes, and comments. (most important views)
- Content Compliance: All content must comply with Facebook’s Community Standards, Partner Monetization Policies, and Content Monetization Policies.
- Country Availability: Your Page must be located in a country where Facebook’s monetization features are available. Nigeria is officially on this list starting from July 2024.
- Age: You must be at least 18 years old.
- Payment Setup: A linked payment account must be set up in the Facebook Payout Hub to receive earnings.
Monetization Features Available on Facebook and Specific Requirements
Facebook offers several monetization features, each with its specific requirements. These features include:
- In-Stream Ads: These ads appear in your videos, allowing you to earn money based on the number of views.
- Ads on Reels: Short video ads that play in between your Reels.
- Fan Subscriptions: Allows followers to subscribe to your page for a monthly fee in exchange for exclusive content.
- Brand Collaborations: Partnering with brands to promote their products or services.
- Stars: Viewers can buy Stars and send them to you during your live videos, which you can then convert into cash.
In-Stream Ads
To be eligible for in-stream ads:
- Minimum 10,000 followers.
- 600,000 total minutes viewed in the last 60 days with at least 60,000 minutes of the 600,000 total minutes must include minutes viewed from live videos
- Content Compliance: Must comply with Facebook’s policies.
Ads on Reels
To be eligible for ads on Reels:
- Minimum Followers: 5,000 followers.
- Engagement: At least 60,000 views on Reels in the last 30 days.
- Create high quality, original Reels content.
- Be over 18.
- Be a creator using Pages or Professional Mode.
- Pass and remain compliant with Facebook’s Partner Monetization Policies and Content Monetization Policies.
- You must be invited to the program
- Content Compliance: Must comply with Facebook’s policies.
Fan Subscriptions
To enable fan subscriptions:
- Be at least 18 years of age.
- For Facebook video creators: Be an admin of a Facebook Page that has at least 10,000 followers or more than 250 return viewers and one of the following in the last 60 days:
- 50,000 post engagements or 180,000 watch minutes
- Content Compliance: Must comply with Facebook’s policies.
Brand Collaborations
For brand collaborations:
- Minimum Followers: 1,000 followers.
- Engagement: Significant engagement on your page.
- Content Compliance: Must comply with Facebook’s policies.
Stars
To earn through Stars:
creators must meet Community Standards, pass and remain compliant with Facebook’s Partner Monetization Policies, have 500 followers for at least 30 consecutive days, and live in a country where Stars is available. Eligible creators must also agree to the Stars Terms and Conditions.
How Do I Check My Facebook Monetization Status?
Checking your Facebook monetization status is a straightforward process. Here’s how you can do it using the main Facebook app (not Facebook Lite):
- Open the Facebook App: Ensure you are using the latest version of the main Facebook app.
- Go to Creator Studio: Tap on the menu icon (three horizontal lines) and navigate to ‘Creator Studio.’
- Select Monetization: In Creator Studio, select ‘Monetization’ from the sidebar.
- Check Your Status: Here, you will see the status of your monetization eligibility, including which features you are eligible for and any requirements you still need to meet.
Can I Monetize My Facebook Page with 1000 Followers?
No, you cannot officially monetize a Facebook page with only 1,000 followers. The minimum requirement to access most of Facebook’s monetization features is 5,000 followers. However, with consistent effort and quality content, you can grow your followers and meet the eligibility criteria.
Summary and Conclusion
Facebook monetization offers a significant opportunity for content creators in Nigeria and other eligible countries to earn money through their content. By meeting the updated requirements, including having at least 5,000 followers, creators can unlock various monetization features such as in-stream ads, ads on Reels, fan subscriptions, brand collaborations, and Stars.
To get started, ensure your content complies with Facebook’s policies, actively engage with your audience, and regularly check your monetization status through the main Facebook app. While you cannot monetize with just 1,000 followers, reaching the 5,000-follower threshold can open up multiple revenue streams.
In conclusion, with the right strategies and consistent effort, Facebook can become a lucrative platform for content creators in Nigeria and beyond. Start creating engaging content today and take advantage of the monetization opportunities available on Facebook