Marketing for small businesses has never been easier thanks to Facebook Ads; now, they can promote their businesses effectively. With Facebook launching its paid event feature, businesses and creators have more opportunities to expand & grow their income.
Facebook Paid Event — What Is It & Why Facebook Launched This Update?
Facebook Paid Event is a new feature introduced by Facebook. Using the Paid Event feature, businesses or creators can conduct their event using Facebook Live, and attendees will pay the fee to participate in the live event.
With Covid-19 affecting every sector, live events are also impossible to conduct. That’s why Facebook has launched the paid event feature. The purpose of this feature is to support small businesses suffering from the pandemic.
How Can It Help Small Businesses And Medium Businesses?
As far as the benefits of Facebook Paid Event are concerned, it’s certainly a useful feature. It proves to be a valuable source for small & medium scale businesses and individual creators to generate income.
- Ability to set up & host event and earn money
With Facebook Paid Event, small businesses, creators, media publishers, and educators can host live events online using the Facebook Live feature. During this pandemic, small businesses, yoga instructors, educators, and instructors are among the worst-hit professions.
Paid Event gives them the ability to set up an online class/event, set event participation fee, and host event — it allows them to manage everything at the same place.
- Unlimited reach
When you host an event at a physical location, you can host a limited number of participants only. But, Facebook Paid Event let you reach an unlimited number of audience. Businesses or creators cannot only include their existing clients but new ones as well. It enables you to expand your reach to a huge audience, which produces more revenue.
- Keep what you earn
The best part is that Facebook doesn’t charge anything from businesses or creators using the Paid Event feature. Everything you’ll earn will be yours. However, if you use Apple App Store as your payment method, the Apple store keeps 30% of the total payment. At the same time, you can use Facebook Pay to prevent any fee or charges.
- Business opportunity
With Facebook Paid Event, small businesses & creators can resume their operations without worrying about arranging a physical location. It enables them to host virtual classes or events using Facebook Live and use it as a potentially strong source of income.
How To Earn More With Facebook Paid Event?
If you are a local small business, medium business, or an individual creator, Facebook Paid Event is a great way to make money. All you need is to set up an even, set a participation fee, and host the event using Facebook Live. However, you can get more benefits out of Paid Event if you use Facebook Ads to promote your event. It’s a highly effective method to target your potential audience. Facebook Ads target the right kind of audience ideal for your event.
With a bit of strategic approach, businesses and creators can achieve huge benefits from the Facebook Paid Event option.