Finance

Meta releases new program to make it easy to earn more on Facebook as content creator

Meta, the parent company of Facebook, has introduced a new Facebook content monetization beta program that will simplify earnings for content creators on its platform.

This initiative streamlines three key monetization tools – In-stream ads, Ads on Reels, and Performance bonuses – enabling creators to monetize a wider range of content formats.

The new Meta program consolidates Facebook’s existing monetization programs, offering creators a unified approach to earn from multiple formats.

A new program to earn on Facebook

According to Meta, the new program consolidates Facebook’s existing monetization programs, offering creators a unified approach to earn from multiple formats.

It noted that only about one-third of creators previously earned from more than one Facebook-funded program due to differing eligibility and availability.

With this update, Meta hopes to simplify the process and increase the earning opportunities for creators.

A statement from Meta reads: “We are proud of how our monetization programs have helped creators thrive on Facebook, but we know that the different availability, eligibility requirements and sign-up processes of our various programs have resulted in some creators missing opportunities and others not being eligible to earn from all available formats.”

How does it work?

The new content monetisation beta program streamlines the monetization process by:

1 Allowing creators to earn across multiple content formats through a single program.

2 Providing a unified dashboard for performance insights, simplifying tracking.

3 Maintaining a performance-based payout structure, rewarding creators for their engagement and content quality.

When will it start?

Meta has already begun sending invitations to one million creators who are currently monetizing on Facebook, with plans to open enrollment to more creators by 2025.

Those interested in early access can sign up through the monetization tab in Facebook’s Professional dashboard or Meta Business Suite.

Mark Zuckerberg overtakes Bill Gates

Legit.ng earlier reported that Meta CEO Mark Zuckerberg is now the world’s fourth richest man, overtaking Microsoft founder Bill Gates in the new billionaire ranking.

Data from the Bloomberg Billionaire Index shows that despite losing $5 billion in the past 24 hours, Zuckerberg is ahead of his fellow Americans, with $165 billion in net worth compared to Bill Gates’s $145 billion.

Zuckerberg rose from the 20th wealthiest man in the world in the second quarter of 2023 to occupy the enviable position after gaining almost $37 billion.

 

Source: www.legit.ng

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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