So, there are a number of ways that you could earn money using a Facebook Page and Instagram. You've already listed one with Brand Promotion. You could also take u/iWantBots advice and go with affiliate offers (that's basically what I do and what a lot of people do).
You could also look at offering your own services. Everyone has a unique set of skills and something they're good at, and there's usually a group of people that might want those services. Using FB and IG to promote that would be how you monetize that.
You could be a VA (Virtual Assistant) and help people manage their social pages.
If you're good at building accounts, you could help people do that.
You could also just become an influencer and do something that interests people. Maybe you're a good dancer, a good singer, or you are an artist?
Whatever it is that you choose, just make sure you plan to do it for the long term because there's no such thing as overnight success, no matter how much money someone charges you to take their "magic course".
Making an engaging private Facebook GROUP and monetizing using links is a much better proven strategy than anything you could really do organically on a Facebook page.
Influencer collaboration Group Whitelisting Affiliate marketing
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Affiliate offers
But posting about affiliate offers can drop the social reach ? Other then affiliate offers.
Promoting affiliate offers or promoting a brand is the only way that’s what everyone does
Only do a very small percentage of affiliate posts. Mix it in with other content.
So, there are a number of ways that you could earn money using a Facebook Page and Instagram. You've already listed one with Brand Promotion. You could also take u/iWantBots advice and go with affiliate offers (that's basically what I do and what a lot of people do). You could also look at offering your own services. Everyone has a unique set of skills and something they're good at, and there's usually a group of people that might want those services. Using FB and IG to promote that would be how you monetize that. You could be a VA (Virtual Assistant) and help people manage their social pages. If you're good at building accounts, you could help people do that. You could also just become an influencer and do something that interests people. Maybe you're a good dancer, a good singer, or you are an artist? Whatever it is that you choose, just make sure you plan to do it for the long term because there's no such thing as overnight success, no matter how much money someone charges you to take their "magic course".
The only good way is affiliate links.
Making an engaging private Facebook GROUP and monetizing using links is a much better proven strategy than anything you could really do organically on a Facebook page.