Facebook Journey With My Buddy!

So I got my hands on a pretty decent eBook on making money on Facebook. It claims that the writer of the eBook makes 500$ a day and you can too if you follow his info.
Not so sure about 500$/day...that seems pretty unrealistic to me. I would consider 40$/day a glorious success.

But let's carry on. Me and my buddy are both 16 years old and we have two friends at our high school making upwards of $2,500/day on twitter. They both run the #1 and the #3 largest country music twitters which combine to a 1,258,000 accumulative follower count between both pages. Damn..

We have just gotten off school for summer break and want to start earning as much money as possible with social media. We find it somewhat fun to start something and watch it grow to the max it can be. I am not necessarily a noob when it comes to IM. I have dabbled in a few things but the most success I've had so far has been Youtube. I have a Youtube account making an organic 7,000-10,000 views per day and has about 40k subscribers with a total of 650,000 total views. It has been just about 11 months since I started that Youtube channel but that is not what I am here to talk about.

So the technique we are using is:
1.) Creating a fake Facebook profile (1 each (2))
2.) adding as many friends as possible to the profiles trying to reach the max of 5k friends
3.) creating 1 facebook fanpage that we invite our friends to
4.) monetize the fanpage and possibly stem from the main fanpage and go at our own pages individually

That's just what the ebook said so that is what we are doing.
So in 6 days, since we started this journey, we have both successfully created our profiles, gained about 800 friends each, and gotten 400 likes to our fanpage.

I do have one question though as we move forward with this..
I have been searching everywhere and I cannot find a clear way to earn money from our fanpage. I know it sounds dumb..we are doing all this and we don't even know how to monetize it!
But bare with me, I am but a mere teenager. So if any of you gurus reading this would like to help us kids out by providing some ways to successfully monetize our fanpages, we are all ears.

Thanks to everyone who joins in this journey and shares interest!!

First of all congrats but the only issue I see here is that Facebook takes actions when you add a friend and get declined. If the other person says they don't know you outside facebook, there's a lot of possibility of getting your account banned.

If you are already have a cash flow, invest in FB ads.

Yeah we both understand to take it easy when it comes to requesting friends. It was a little risky in the beginning but now all the friends request us. I get about 150-200 requests a day at this point. And i expect that number to grow every day. I just don't know how to monetize. Should I link a clickbank URL right to my fanpage?

If they are friends who like to share and like, you can plan to create something like Viralnova.com and earn from adsense.

depends on your niche, but really you should aim to direct your fans to a website you own. from there monetize with ads, affiliate offers etc

best way is select your niche and start joining the groups on facebook but make sure you dont go fast like 10 minute wait and join again in one day join at least 5 not more than this amd start posting their

Ok sounds good everyone! So just buy a domain? How would I go about setting it up properly? Using Wordpress and buying a domain and layout there?

Alright everyone. I know it has been a few days since i last updated this thread but i'm here to do that now.
My progress so far:

My Fake Profile: 1,841 friends
Friend's Fake Profile: 1,754 friends

Fanpage: 1,247 likes

I think the progress so far has been pretty remarkable. I will not try to monetize the page until about 10k likes or so. I hope to reach that within a month's time and will release a few earnings screenshots.
Thanks!

For monetization it depends on your niche, if there are products in clickbank for it, go for that. But usually with FB fan pages, the best bet would be on making and selling custom t-shirts

thats nice to hear. i am also interested in this so could you also share this ebook and your youtube methods too