If the idea of turning your TikTok scrolling into a lucrative venture has been playing on your mind, you’re certainly not alone. With millions contemplating the same, the challenge seems evident.
Yet, while monetizing TikTok may not be a cakewalk, the potential to make substantial earnings from this platform is undeniably immense.
Success on TikTok doesn’t come without strategy and dedication, given the stiff competition on the platform. The myriad ways to monetize TikTok make it a veritable goldmine. Businesses, for instance, can leverage TikTok’s advertising platform to drive significant traffic, promoting their brand to a vast user base. Meanwhile, influencers can tap into the TikTok Creator Fund for income. Some users even serve as brand ambassadors, earning a tidy sum in the process. However, it’s essential to understand that serious time and effort must be invested to reap financial rewards from this platform.
Ways To Make Money On TikTok
There are a lot of ways to earn on TikTok. If you are wondering how to make money on TikTok, you’re at the right place. We’ve listed the different forms of earning on the TikTok platform. You’ll succeed on this popular social media channel if you remain dedicated and consistent. The various ways to make money online on the TikTok app include:
Utilize TikTok Shopping To Sell Merchandise
TikTok designed TikTok Shopping to help brands in selling their goods on TikTok. Brands no longer have to send their fans elsewhere or to other platforms to purchase their products. They can sell merch right on the TikTok platform.
A shopping tab is added to one’s TikTok profile by TikTok Shopping, letting people view the person’s Shopify catalog items. Also, one can tag his goods anytime he is creating content. You can send TikTok users to your catalog whenever you make content.
You should feel confident about promoting your brand or mentioning your goods to your fans through your videos but don’t over-promote or disturb them too much. Sell products and services freely on the TikTok platform. Remember to always send shoutouts to your store from time to time with your videos.
Utilize TikTok Ads to drive Sales.
TikTok ads can drive traffic to one’s site or online store. One can also use it to traffic to one’s tab on TikTok Shopping. If you are thinking of how to make money on TikTok, then utilize TikTok ads. You can start running image ads and videos to promote your goods or use TopView ads to boost your following.
These ads will aid you in making money on TikTok. Also, you can utilize TikTok to make people part of your email and SMS list. Create short videos and promote your services. When one uses this method, his TikTok account seems like it could be more promotional even as he is making more money.
Join An Affiliate Program
You can still earn money on the TikTok platform even if you do not have your products to sell. You can utilize affiliate marketing to make lots of money by linking to people’s products in your videos and getting a percentage.
Whenever users click on your affiliate link and buy products, you will receive some amount from the sales. Put affiliate links in your TikTok profile and videos, then start directing traffic to the links.
You can also redirect traffic to other social platforms like Facebook, Instagram, and even Pinterest. There, you’re freer to put up any affiliate link. In addition, you can add a coupon code and URL to your video descriptions, and TikTok users must then copy and paste the links on their browsers.
You can be paid when you add a song to your TikTok video. If you are thinking of how to make money on TikTok, start promoting music. Most TikTok videos have background songs and sound effects accompanying them, which content creators sing and move along with. Music artists know how important this is, so they pay content creators to promote their songs in their videos.
If you have many followers and engagements, artists will always pay you to promote their songs, and through this, you will earn income. They’re aware that once your video becomes viral, their music will become viral, too, leading to higher downloads and tickets, among others.
Even if you are an artist, whether an upcoming one or an expert, you can use the TikTok platform to promote your song through videos. TikTok is a social media platform for dancing and singing, so publishing your music there makes sense.
Become A Part Of The TikTok Creator Fund
TikTok Creator Fund is a program introduced by the platform. TikTok pays people who produce engaging content. As your TikTok videos receive higher and higher engagements, the higher you’ll be paid by TikTok.
The platform needs TikTokers to stay online so they can earn from advertisements. Therefore they will pay TikTok Creator Fund users who aid them in achieving this mission through engaging videos. Keeping your target audience online makes TikTok pay you.
However, you must have 100,000 video views in the past 30 days before participating in the TikTok Creator Fund. This program is new on the platform, so you should expect changes and evolvements over time. Nevertheless, if you wonder how to make money on TikTok, you should join the Creator Fund.
Earn With CrowdHall
A way of earning money on TikTok is through CrowdHall. CrowdHall is a great site that provides TikTok services and helps clients to make money on TikTok. Visit sites such CrowdHall to help you reach your desired audience quickly.
They help customers grow their accounts and achieve massive success on the platform. In addition, Tiktok accounts with many followers can advertise with them for product promotion and earn money on TikTok through this means.
They carry out promotions for brands and help them market their products to a vast audience. In this way, the brands can make lots of income on the platform. CrowdHall is a great site to help you reach your exact audience and earn huge money on TikTok. So, if you are wondering how to make money on TikTok, utilize CrowdHall now to boost your earnings significantly.
Upload Sponsored Content
Businesses pay TikTok influencers to showcase their goods in their videos. It is termed ‘ Sponsored Content.’ It is optional to be a massive influencer before you can be contacted for sponsored content and brand partnerships.
Small businesses pay adequate sums for brand deals, with smaller influencers having a good following and engagement. You can contact other brands to tell them about your availability for brand deals.
Then, if you’ve received 100,000 or more likes and followers, you should take part in the TikTok Creator Marketplace. It’s a platform connecting big businesses with influencers.
Do Brand Ambassadorship
Brand ambassadorship is similar to sponsored posts; the main difference is that the former last for a longer term when compared to the latter. A brand ambassador usually gets a free product and compensation.
This is in place of a particular amount of TikTok videos each week. Creating engaging content and videos that perform well will make your brand ambassadorship and deals sweeter. You can find brands you like and businesses that will aid you in expanding your influence.
Work with businesses that will enable you to earn extra income while having fun at the same time. A lot of brands’ sites have pages for ambassadors to apply. And so, you can look around for any deal or program you want.
Begin a Patreon
You can offer free TikTok content via your account but still entice your fans to support you on Patreon. This is to start unlocking premium content like behind-the-scenes, SWAG, private time, live chats, and public shoutouts.
Ensure you are creative. Whenever you’re building loyal fans, they will undoubtedly want great content. You must ensure you dedicate enough time to making your Patreon content great and worth everything. You wouldn’t want people regretting their registration and purchase.
Look For New Customers
The TikTok platform is excellent for building your freelance and consultation business. Post powerful content to engage your target audience and promote your brand.
One of your followers may need your help, and even word of mouth can help you meet a new customer. If you specialize in building sites and do that as a livelihood, you can start featuring your works on the TikTok platform.
Then, if you are an email marketer, you can start publishing a selection of your outstanding campaigns. When you’re creative enough, you can make your business, no matter the specialization, enticing on TikTok with various engaging videos.
You must free yourself, have fun, and showcase your wonderful personality because TikTok involves having fun.
Sell TikTok Accounts
If you know how to build TikTok audiences fast, you can do that as a means of livelihood and making money.
It may be difficult for you to sell accounts with cat GIFs focus, but accounts with cars or unboxing focus will sell quicker. Keep the subscription costs low.
It might make growing a TikTok account hard, but some people still make lots of money from this technique, even on other social media platforms. Be creating and selling accounts for people to buy.
Build the accounts well with adequate followers and sell them to brands and individuals. You will make good money through this means.
Liaise With Businesses And Influencers On TikTok Creator Marketplace
Another of a few ways through which TikTok enables content creators to earn money is via the Creator Marketplace. This place aid in connecting businesses to influencers, facilitating great partnerships in the proper way that makes it quick and convenient for the two sides.
With TikTok, creating sponsored posts that are of value is so easy. Even businesses that intend to don affiliate campaigns can go through the creator marketplace, shuffling fast through various content created by creators available to collaborate with companies.
This marketplace is just like an agency that lets the two parties signify if they are willing to liaise together with each other.
You can even make it easier to locate businesses you can collaborate with by generating affiliated links and managing your partnerships in a single place with online tools.
One can start promoting his TikTok account and sponsoring his goods by partnering with these influencers. Just one shoutout from a perfect person can elevate your brand.
Receive Virtual Gifts By Going Live
Receiving gifts live is among the best features created by TikTok for content creators who want to start monetizing their TikTok content via live stream. Almost all social media platforms have the live stream feature, but TikTok is so different that fans can appreciate creators in real-time.
They can send virtual gifts, which can be exchanged for money. Your fans can send you TikTok coins whenever you’re live streaming, and the coins can later be exchanged for cash.
Ensure you’re creating outstanding live streams so you can start attracting your target audience’s interests. This will enable you to make money because more and more TikTok coins will pour in.
Still, you shouldn’t solicit gifts because it’s strictly against the TikTok community guidelines. Exchanging virtual gifts mustn’t be forced but natural.
However, note that going live requires you to have at least 1,000 followers and be 16 years or above. Then, you must be at least 18 years to start earning gift points.
Use Crowdfunding For Raising Money
A lot of individuals like participating in crowdfunding campaigns. Whether it is to back your Kickstarter campaign or support your GoFundMe campaign, it’s a good way of raising money.
Crowdfunding has been envisioned to increase considerably worldwide in a few years. Also, its success rate is reasonable, especially for startups to help them launch.
If you want to launch crowdfunding campaigns, you should ensure that the content aligns with and is related to your content on TikTok. It will look awkward when you raise money for a niche different from your account’s.
Still, your business can raise money for others who need it. Your business can help raise money for orphanages through crowdfunding, even though the content of your TikTok account is different.
You can ask for tips if you have not had any project or product in mind. Getting tips is an excellent way for your followers to support you and keep your content going.
It’s just like when you’re performing on a roadside, and you open your guitar, or when Wikipedia tells people to give something anytime, they visit the site. Some online tipping platforms make it easier and quicker to collect tips.
With Venmo, you can use somebody’s link or username to donate to their profile. Then, with Tipeee, one can open a page for showcasing his profile, updating tippers, displaying awards, and letting people participate. Tipeee is user-friendly and among the best with its unique tipping feature.
Do Brand Consulting
Many brands now invest in the TikTok platform because it is among the most powerful and popular social media platforms for marketing a brand’s goods.
You can benefit from this and let them spend the money with you. You can answer TikTok FAQ, start setting yourself up as an expert in the TikTok platform, and start consulting and assisting brands on all aspects.
This will range from advising them on creating viral content and TikTok posts to the kinds of TikTok influencers they can begin to partner with.
Growing and reaching will be among the main aims of consulting customers moving to TikTok. You can guide them so that they avoid committing unnecessary mistakes.
Frequently Asked Questions
How Many Followers Must I Have Before Earning On TikTok?
You can have zero followers on TikTok and still be making money. One can still drive traffic to one’s website and online store with TikTok ads and influencer marketing.
But, if you’re seeking to join the TikTok Creator Fund and be paid directly via this means, you must have 10,000 or more followers. Also, you must have 100,000 or more TikTok video views to make money on TikTok from some programs.
How Do I Calculate My TikTok Creator Fund Earnings?
TikTok’s algorithm is complicated. In their community guidelines, it is stated that there isn’t any hard or quick rule to calculate your funds earned via the Creator Fund. Rather, they emphasize how important authentic content is, coupled with your amount of views and rate of content engagement. This underlines that TikTok pays anyone whose content is so great that it can stop viewers from scrolling and make them start liking and sharing it.
What Number Of Views Must One Have To Earn On TikTok?
You mustn’t have views before you can make money on TikTok. However, there are some programs and features on TikTok that one must have some particular amount of views before participating. Before joining the TikTok Creator Fund, you must have 100,000 or more views during the past 30 days.