Good morning, ever thought of hosting a virtual event on Facebook?
Facebook is aiming to help small businesses (SMBs) survive the COVID crisis – and make money – with a new free ‘paid online events’ product for small businesses on the platform.
A few months ago, the company announced $100M in cash grants and ad credits for SMBs. It later introduced Facebook Shops to help SMBs sell online. And today it announced a new product to monetize classes and online events called, matter-of-factly, “paid online events.”
The offering is self-contained: hosting, promotion, ticket sales and payment processing are all provided. Businesses, publishers, creators and educators can determine whether they’re eligible here.
Marketers create the event, promote it organically to their followers or through Facebook ads and collect payment through Facebook. (You need to link a bank account to receive payment.) Event creators will also need to comply with the company’s partner monetization policies and other requirements.
There’s more below, including a look at an increase in Quora answer views for e-commerce shopping.