10+ Best & Profitable Facebook Business Ideas [2023]

Are you looking to start a new business in 2023? Look no further! Check out this list of the 10+ best and most profitable Facebook business ideas for success in the new year. Get ahead of the competition and start building your online empire today!
Newfoundr

By Nick Cotter
Updated Feb 07, 2024

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Hey there, future entrepreneur! You're probably here because you've got a burning desire to create something amazing, something that can bring in a healthy profit while also making a positive impact. Or maybe you're just tired of the 9-5 grind and are looking for a way to break free. Either way, you're in the right place. This is the year 2023, and the opportunities for business have never been more exciting, especially on platforms like Facebook.

Facebook, you ask? Absolutely! It's not just for sharing cute cat videos or catching up with old friends anymore. This social media giant has evolved into a powerful platform for business, and it's ripe with opportunities for those willing to seize them. So, whether you're a seasoned entrepreneur or just starting, this article is for you. We've put together a list of 10+ best and profitable Facebook business ideas that could be your ticket to financial freedom.

So, buckle up, put on your entrepreneurial hat, and let's dive into the world of Facebook business opportunities. It's going to be an exciting ride!

Social Media Consultancy

A Social media consultancy is a business that provides services to individuals and organizations in order to promote their presence and success on social media platforms. It can provide services such as developing marketing strategies, creating content and optimizing campaigns. Social media consultancies can provide an invaluable service to businesses, helping them reach a larger audience, grow their customer base and increase their brand awareness. This makes it a great potential business idea.

  • Developing marketing strategies on social media platforms
  • Creating content for campaigns
  • Optimizing campaigns for higher engagement
  • Designing graphics for posts and ads
  • Analyzing the performance of campaigns
image of a Social Media Consultancy

Facebook Advertising Agency

A Facebook advertising agency is an agency that helps businesses create and manage their presence on Facebook. This includes setting up profiles, creating content, and running targeted ads on the platform. This type of service could be a great business idea for someone who has a good understanding of Facebook’s capabilities and is willing to invest the time to learn about the platform and its ad solutions.

  • Create effective content for clients.
  • Help clients build their presence on the platform.
  • Generate leads and grow brand recognition.
  • Run targeted ads with a strong ROI.
  • Stay up-to-date with new features and ad formats.
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Examples of successful businesses:

Facebook has become a powerful marketing platform for companies around the world. Here are some examples of businesses that have achieved successes utilizing Facebook for marketing:

  • Starbucks
  • Nike
  • Red Bull
  • Virgin Airlines
  • Victoria's Secret
  • Walmart
  • Coca-Cola
  • Apple
  • Amazon
  • H&M

Designing And Selling Products Through Facebook

Designing and selling products through Facebook is an excellent business idea. It enables businesses to reach a large, global audience through a platform that has dramatically changed how people communicate and how businesses advertise their products. The following are reasons why this is a great business idea:

  • Facebook has over 2 billion active monthly users and is one of the most popular social media platforms worldwide.
  • Facebook offers businesses the ability to target audiences with specific interests, location, age, gender, and more.
  • Facebook Ads have become an effective way for businesses to reach a larger audience.
  • Facebook Marketplace allows businesses to list and sell their products with ease.
  • Businesses can use Facebook Messenger for customers to ask questions about the product or service before making a purchase.

More resources:

Blogging/tutoring Services

A Blogging/Tutoring service is a business idea that combines blogging and tutoring services to help individuals or businesses develop their online presence. It offers customised content development and education to individuals or businesses who wish to build an online presence by creating relevant content and improving their knowledge of the web and its related technology. Here are some of the benefits of such a service:

  • Help clients develop online visibility through well written content
  • Provide expertise in web technology, marketing, and other digital skills
  • Create educational courses tailored to client's needs
  • Bring together blogging, tutoring, social media consultation, and web design services into one comprehensive package
  • Help clients keep up with current trends in web development and online marketing

Selling Digital Services

Selling digital services is a great business idea for entrepreneurs who have the skills and knowledge to offer in-demand digital services such as web design, SEO, and content marketing. These services are highly sought after by businesses and organizations looking to create or enhance their online presence, and entrepreneurs can take advantage of this by selling digital services.

  • Creating or enhancing an online presence
  • Offer in-demand digital services
  • Increase website traffic
  • Increase brand awareness

Related business ideas:

Online Course Creation

Online course creation is the development of educational materials that can be accessed through an online platform. It is an innovative and effective way to reach students or professionals around the world, without the need for physical classrooms or teachers. Online course creation makes an excellent business idea due to the following advantages:

  • Low overhead costs – as materials are mainly distributed electronically, there are no costs associated with printing materials or maintaining a physical classroom space.
  • Reach a wide and global audience - by hosting courses online, the potential market is larger than that of more traditional teaching methods.
  • Opportunity for passive income – once the course has been created and released, it can continue to generate income while requiring minimal upkeep.
  • Increasing demand - more and more people are turning to online courses as a viable education option due to convenience, cost, and quality.

Facebook Virtual Assistant Services

A Facebook virtual assistant services is a business idea which involves providing support to customers and businesses on the social networking platform, Facebook. Services may include responding to messages, setting up campaigns and ads, moderating comment sections, and providing other customer service duties.

  • The benefit of such a service is that it enables businesses to have their own dedicated virtual assistant on their social media accounts who is able to help manage their presence.
  • Having a Facebook virtual assistant means businesses can focus on other aspects of the company while knowing that someone else is managing their online presence.
  • A virtual assistant is not limited to one single task but can offer a variety of services from handling customer inquiries to running advertisements campaigns.
  • This type of business idea could be particularly beneficial for small companies or startups who don't have the manpower or resources to manage their own social media presence.

Online Community Management

Online community management is a way to interact with a brand's target audience, build relationships, and create engagement. It involves managing an online forum, blog, or other type of digital platform to reach a group of people who share similar interests. Online community management can be an effective way for businesses to build relationships with customers, increase brand awareness, and gain valuable feedback.

  • It helps businesses connect with their customers or prospects
  • It provides an avenue to gain valuable feedback on products and services
  • It can help spread brand awareness by allowing interaction between members of the community
  • It can help businesses better understand their customer base
  • It provides an opportunity to introduce new products or services

Facebook Market Research Services

Facebook market research services would be a great business idea for entrepreneurs who want to understand their customer base better and track their performance on the platform. With a service that specializes in Facebook market research, businesses can gain valuable insights into their markets, customer base, and marketing activities. Some of the benefits of using such a service include:

  • Conduct in-depth analysis on customer interests and preferences
  • Monitor performance of campaigns and adverts
  • Identify key influencers in the industry
  • Gain access to reports related to Facebook insights such as page likes, posts per day and impressions

Online Event Coordinating

Online event coordinating is the process of planning and organizing events on an online platform, such as a website or social media platform. It is a good business idea because it allows businesses to:

  • Reach a wider customer base
  • Broaden their event offerings
  • Manage events easily and efficiently
  • Save time and money by avoiding manual processes
  • Gain valuable customer insights through data-driven decision making

Newfoundr

Founder and CEO

We're newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.