Facebook Marketplace: How to Make Money Selling on Facebook Marketplace

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Facebook Marketplace: How to Make Money Selling on Facebook Marketplace

Selling on Facebook Marketplace is one of my favorite ways to make money. It’s the easiest way to get rid of low-value items just lying around your house. If the idea of selling your things sounds intimidating, Facebook Marketplace is the easiest way to make money today.

 

What is Facebook Marketplace

Facebook Marketplace is Facebook’s burgeoning eCommerce business. It is a giant flea market for household goods and an online sales channel for established eCommerce businesses. With Facebook’s massive user base, Marketplace is edging out Craigslist as the preferred medium for locally buying, selling, or trading goods.

Facebook Marketplace

One of the key selling advantages of Facebook Marketplace is how integrated it is within the Facebook ecosystem. Prospective buyers can reach out to a seller via Messenger or join a Facebook Group in a specific niche. This reduces a lot of friction. In established platforms, like Craiglist, search results are determined by a chronological feed of recent listings or a keyword search. To contact a buyer, you work through Cragislist’s email system without knowing who you are talking to on the other side. Facebook Marketplace eliminates all of that uncertainty.

Facebook’s infamous algorithm arguably knows more about you than you do. From a selling perspective, this is a huge asset. You don’t have to hunt for your buyers — Facebook will bring them right to you.

This makes Marketplace one of the easiest selling platform to get started on. At this point, you have probably interacted with Facebook at some point in your life and understand how Facebook works. With the ability to sell locally, Facebook Marketplace allows you to make money from your couch.

How To Sell on Facebook Marketplace

Listing an item on the Marketplace is fairly simple. There are a few core fields you will need to provide information for:

  • Item Title
  • Price
  • Category
  • Location 
  • Description
  • Images

Depending on the category you select, there may be additional fields to complete to identify the item’s condition or brand. Listing an item is designed to be a simple process where you can provide as much — or as little — information about the item as you want.

Facebook Marketplace

The final step to listing an item on Marketplace is choosing who you want to see your listing. By default, your item will be listed on Facebook Marketplace. You can increase the exposure of your item by joining local Facebook buy/sell groups. Listing my items to groups is one of the reasons I’m selling over $100 per month on Facebook Marketplace right now.

Facebook Marketplace

Sale groups can vary from local county groups to groups for specific items, such as bikes. Choose a handful of groups to join. When listing an item you can select up to 10 groups to share your listing to.

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