Over the past few years, Facebook has changed how we interact, promote our businesses and in some cases learn. I’ve been discussing monetization over the past few weeks. Monetization is developing products and/or services that can be sold for a profit to your audience. You should monetize your platform as soon as the opportunity strikes or create your own opportunity.
I suggested some ways that I have monetized my Brand. When I first started blogging, I was blogging and writing my book. I published my book, began selling copies and Amazon still sends me royalties. 6 months later, I designed my first t-shirt. That also lead to opportunities to create t-shirt concepts and designs for other brands. I did all of that from this blog. I guess I always treated my blogging as a business and not just a hobby.
Facebook groups is my latest leap towards monetization. I’ve told you about Design Launch and Order in a previous post. Design Launch and Order is a monthly subscription program for personal brands that want to turn their message into a product with a speciality in t-shirts. I teach the same process that I went through when I started, starting from an idea to a tangible product. Currently, I have to send those who wish to enroll to my landing page outside of Facebook. However, in the coming months, personal brands wishing to enroll will be able to do so within Facebook.
Maintaining a Facebook group can be exhausting. I’ve come across so many abandoned Facebook groups with large amounts of group members. The larger they become, the more it takes to maintain them and it can become a full-time job. Can you imagine doing it for free? My group started off monetized and has generated income since I started. And like the others I’ve come across, the larger it gets the more time consuming it becomes. I’m also coming up with new ideas and strategies to incorporate and implement regularly.
I also launched Profit Launcher in the fall of last year. Profit Launcher teaches personal brands how to create a program to teach their expertise. Though Profit Launcher is a one-time payment program not a subscription program like Design Launch and Order, I use a Facebook group to manage my group members. I am knee deep in Facebook groups. However, I’ve learned a lot in the process and met a ton of people. It’s been rewarding.
You might not be interested in creating a full out program but you may be interested in adding some branded products to your brand and offering them if you have a group. It creates community believe it or not. I just recently added hoodies, coffee mugs, tote bags and iPhone cases to my brand. Definitely excited about the expansion as well as the sells the new products have been generating. It’s definitely a lot of work but it’s worth it; think about the people you can teach and assist along the way.
Ready to add t-shirts to your Brand and other products?
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Leave your questions in the comments! It’s time to monetize!