Facebook Group

How Profitable Is A Facebook Group? (Updated for 2024)

Pat Walls

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Updated: September 20th, 2024

How Profitable Is A Facebook Group? (Updated for 2024)

So you want to start a facebook group?

And the first question that came to your mind was, “well, are facebook groups actually profitable?”

With a market size of $94.8B - there’s plenty of business to go around.

Especially considering:

You could start a facebook group with as low as $150
Based on our data, facebook groups generate an average of $1.71M per year

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a facebook group.

Let’s dive in!

Is a facebook group profitable?

Yes, a facebook group is generally a profitable business. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since average revenue is $1.71M per year with an estimated gross margin of 65%, you could expect to recover your investment within 7 months or even less.

But of course, it all comes down to how much you earn compared to the potential revenues of your facebook group.

To determine whether your business is profitable, you should earn more than your expenses in the beginning months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your facebook group is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a facebook group worth it?

If you’re wondering if a facebook group is worth it, the answer is a big YES. With facebook groups, you have the potential to earn $1.71M per year (this is based on data reported by real founders).

Further, you could have your initial investment back within months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $94.8B, it will be possible for you to build something that grows and turns into a flourishing business. As such, it’s the type of business you might want to consider starting.

Of course, you must learn and understand every aspect of running a facebook group to ensure success. Still, as long as you have the initial investment and can endure a few months before your actual gains, this business could be worth it.

You might want to consider reading more specifics about successful facebook groups case studies.

Examples Of Profitable Facebook Groups

Here are a few examples of profitable facebook groups, and a few more details about them:

1. The Uncaged Life ($816K/year)

Rebecca Tracey started The Uncaged Life in 2011 after simplifying her initial business ideas and niching down to helping new coaches. With just a small team of 3 part-time contractors, she is on track to hit $1M in revenue this year and has helped hundreds of people start their own businesses.

Is it profitable? Yes
How much money it makes: $816K/year
How much did it cost to start: $250

I Built An $816K/Year Online Business While Living Out Of A Van

The Uncaged Life, a business that helps coaches and solopreneurs get their first paying clients, has reached nearly $1M in revenue annually with just a small team of three part-time contractors, by niching down to one specialty and building a community through Facebook, email, and blogging.

Read this case study

Read by 5,351 founders

2. Millennial Money Man ($1.8M/year)

After paying off his own debt and becoming passionate about personal finance, Bobby Hoyt started his blog, Millennial Money Man, to teach millennials how to make more money, save more money, and pay off debt.

After realizing the success of his own Facebook ads for local businesses, Hoyt partnered with Mike Yanda to create the Facebook Side Hustle Course, which teaches others how to run ads for local businesses.

The course had a six-figure launch, leading Hoyt and Yanda to start Laptop Empires, where they help people start and grow online businesses.

Is it profitable? Yes
How much money it makes: $1.8M/year
How much did it cost to start: $5K

How I Started A $88K/Month Personal Financial Improvement Website

Millennial Money Man founder Bobby Hoyt and partner Mike Yanda created Laptop Empires, which boasts a seven-figure revenue through their flagship Facebook Side Hustle Course, helping retirees and millennials launch and grow their local Facebook ad agencies.

Read this case study

Read by 10,704 founders

3. ZenMaid ($1.44M/year)

Amar Ghose, the CEO/co-founder of ZenMaid, came up with the idea for the business after stumbling upon a Reddit post about starting a maid service. With his friend on the technical side and himself on operations and sales/marketing, they quickly became equal partners and launched ZenMaid. Despite starting off slow, they now make over half a million dollars a year helping maid service owners manage their businesses effectively.

Is it profitable? Yes
How much money it makes: $1.44M/year
How much did it cost to start: $1K

How We Validated And Grew A SaaS For Maid Services To $500K/Year

Amar Ghose co-founded ZenMaid, a software company servicing the house cleaning industry, which has now passed the half a million dollar yearly mark and intends to break the one million dollar a year barrier in late-2020, using paid advertising as a lead magnet and extensive email marketing funnel.

Read this case study

Read by 13,949 founders

Learn more about starting a facebook group:

Where to start?

-> How much does it cost to start a facebook group?
-> Pros and cons of a facebook group

Need inspiration?

-> Other facebook group success stories
-> Marketing ideas for a facebook group

Other resources

How much can you make with a facebook group?

With a facebook group, you can make an average of $1.71M revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $150. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 7 months.

How much does a facebook group make a week?

Based on our data, average weekly revenue for a facebook group ranges around $35.5K. As such, you could see monthly revenues of $142K.

To know if your facebook group achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your facebook group.

How much do facebook groups owners make?

The income of a facebook group owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly revenue of an established facebook group is about $35.5K. But this can be lower or higher depending on so many factors - it's almost impossible to say exactly.

While the potential for earning a good income as a facebook group owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Facebook Group Profit Margins

Generally speaking, a facebook group can expect profit margin of around 65%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a facebook group, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, facebook group owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, facebook group owners can ensure long-term sustainability and profitability for their business.

Facebook group owner salary

The salary of a facebook group owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established facebook group, in a prime position, might see an average weekly salary around the ballpark of $23.1K.

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, based on many of our examples, a facebook group may be a promising business to start - but the success of your facebook group mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable facebook group.

Part of

Starting A Facebook Group: Everything You Need To Know

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