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You are here: Home / Entrepreneurs / Entrepreneur Interviews / Facebook Used to Make Money Online

Facebook Used to Make Money Online

October 18, 2008 By Sherry Tingley

Brian Campbell made $25,000 in 21 days on Facebook

Brian Campbell made an initial claim on his Facebook page that he could make $10,000 in 37 days.

Well, he surpassed his original claim and made $25,000 in 21 days. He decided to pay it forward and gifted John Chow $10,000.

So, how do you make money using Facebook?

To begin with, sign up for an account and learn how to use various applications of Facebook to reprint your website blog feed, find and communicate with friends, post videos, provide valuable content to your visitors and provide leadership to anyone who wants to improve their financial condition.

History of the Development of the Facebook Website

In 2008, Forbes Magazine declared the founder of Facebook, Mark Zuckerberg, 24 years-old, the youngest self-made billionaire on earth with an estimated net worth of $1.5 billion U.S. dollars. Described as a young geeky computer programmer, Mark is the mogul who is guiding the extraordinary growth of Facebook.

In 2006, Yahoo offered to buy Facebook for a billion dollars, but Mark Zuckerberg declined. Microsoft then made him an offer of $240 million dollars to gain 1.6% of the company. Based on this information, some analysts came to the conclusion that Facebook is worth $15 Billion dollars. Not all analyst agree on that valuation.

Mark Zuckerberg is not new to the field of computer programming. He wrote his first software program in the 6th grade. In high school he was approached by both Microsoft and AOL due to a hacking project he was involved in. He decided to go to Harvard University instead.

He built the original Facebook site in two weeks, while attending Harvard. Within a short period of time, more than 2/3 of the student body at Harvard was using the program. Within four months they had launched the program to over 40 colleges. He expanded Facebook to be used in high schools and then in 2006, he opened it up to the public.

Facebook now has more than 700 employees, has hired a lawyer, shares more than ten billion photos, has 100-million-plus users and is connecting people with each other like they have never been able to connect before.

Facebook Helps Entrepreneurs

It has been said that marketing in 2008 begins with conversations and what better way to have conversations with people than being an active member of the Facebook community? People around the world are using Facebook to connect with each other for social purposes and that provides the ultimate medium to network and share your personal recommendations for a huge variety of products and purposes. What kind of marketing system can you create on Facebook?

Watch the interview with Mark Zuckerberg on 60 Minutes here:

 

Updated October 21, 2013

In 2013, Facebook and Google reached an agreement about advertising. In a few months, Google will be able to buy ads on the Facebook ad exchange. A similar agreement was also made with Amazon.com. With Facebook being the advertiser’s nirvana, this may be the biggest surge forward to this date.

Forbes magazine, Sept., 2013 reported Zuckerberg to be worth $19 billion coming in a #20 of the Forbes 400 richest Americans.

 

 

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Filed Under: Entrepreneur Interviews, Money Making Ideas Tagged With: facebook, facebook used, Money Making Ideas, successful entrepreneurs

About Sherry Tingley

Sherry Tingley, a graduate of Brigham Young University, mother of two and an entrepreneur developed Coolchecks.net in 2007. Her site offers customers an easy way to choose checks from multiple merchant websites, giving them access to over 19,000 checking account products. She developed a personal finance blog to help others succeed in managing their personal finances and to help people take the steps necessary to start their own businesses.

Reader Interactions

Comments

  1. RL says

    October 24, 2008 at 2:58 pm

    Sherry Tingley is terrific– a real gem in the constellation of rising internet stars!!

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