Maybe it’s your entrepreneurial spirit, or maybe you just heard that TikTokers have been making thousands of dollars using TikTok. However you got here, welcome, because in this article we’ll talk about how anyone can make money on TikTok.
What is TikTok?
TikTok is a short video-sharing platform that has taken the internet by storm in recent years.
The social media platform for short-form videos that span from fifteen seconds to three minutes has garnered over a billion users and downloaded over 200 times in the US alone.
TikTok influencers often use their smartphones to create and share popular short videos that include dancing, comedy, education, and more.
This has opened up opportunities for businesses to collaborate with content creators to transform their brands and reach out and engage with customers. Below are some great ways where content creators are making money on Tik Tok.
How Much Money Do TikTokers Make?
TikTokers with large followings can make anywhere between $ 200 to $ 5,000 a month, depending on the size of their following.
The amount of money TikTokers make will vary due to many factors, including localities, millions of followers, and views.
Creators who make videos that include dance and music often get the highest engagement and revenues in millions of dollars.
For example, 19-year-old TikToker Josh Richards has earned over a million dollars through sponsorship deals with Reebok and Houseparty.
10 Ways to Make Money with TikTok
Social media channels offer great monetization opportunities, if you are wondering how you make money on TikTok, then below are the ten ways that will help you to earn a good amount of money on TikTok.
1. Join the TikTok Creator Fund
TikTok’s Creator Fund rewards creators for creating engaging and popular videos on the platform for the number of views they get on their videos.
To participate in TikTok’s creator fund scheme you will need to be 18 years of age or older, and be a legal resident of one of the 50 states.
You will also have to meet a minimum following threshold of 10,0000 authentic followers; have at least 100,000 authentic video views in the last 30 days, and post original videos in line with TikTok’s community guidelines.
2. Sell Merchandise to TikTok Users
One of the great perks of being a social media influencer is you can also use your popularity for selling merchandise.
As part of your influencer marketing strategy, you can use your platform to sell artistic works, t-shirts, clothing lines, memorabilia, and other merchandise to your followers.
3. Create Sponsored Content
Another way to generate some revenues through your TikTok channel is through sponsored posts. As a social media influencer, you can partner with brands and create sponsored posts to help promote products and services.
4. Make Money from TikTok Ads
TikTok ads offer good opportunities for businesses to widen their reach among customers.
You can start making money through TikTok For Business by using in-feed video ads, branded Hashtags, brand takeovers, and branded effects to help you capture some good ad revenues.
5. Accept Virtual Gifts
TikTok users can purchase gifts and coins from their profiles.
They can then gift their virtual gifts and coin payments to their favorite TikTok creators during live TikTok videos where creators in return can then cash them in and get real money.
6. Grow and Sell TikTok Accounts
Sometimes businesses would like to have a presence on TikTok but don’t know how to go about it.
You can help them out by organically growing followers along with a particular niche by selling TikTok accounts on sites like 123accs, Accfarm, and Fameswap.
If you plan on creating a side hustle by flipping TikTok accounts, you will need to build a strong content strategy, engage with followers regularly, and publish regular content to boost engagement.
7. Manage Influencer Campaigns
You can also manage influencer campaigns by acting as a middleman between a TikTok creator and a brand.
As an influencer campaign, you help businesses connect with TikTok influencers and make sure key campaign activities are accomplished in return for a fee.
8. Management Services
You can also make money from TikTok by offering management services for creators.
Here you can render your services by helping them with a content strategy such as meeting content production goals, capitalizing on offers, and helping them grow their following.
9. Become a Brand Ambassador
Brands are always looking for influencers that can help them steer customers towards their products and services. As a brand ambassador, you help brands boost their presence on social media, spread positive messages, and influence consumer sales.
In addition to getting paid you as a brand ambassador not only get paid but also get to expand your professional network as well.
10. Join TikTok’s Creator Marketplace
You can join TikTok’s Creator Marketplace to work with sponsors and brands and all you have to do is mention their product or service in your videos.
To be eligible you will need to have at least a hundred thousand followers TikTok’s Creator Marketplace comes with an analytics tool for businesses that helps them identify your engagement reach, views, and demographics.
Some Additional Tips
Now that you know some of the ways you can make some serious bank with TikTok here are some tips on how to make more money with TikTok videos.
Create and Create
Your success will rely on your ability to upload consistent content regularly. You will need to continuously create compelling content for your followers to continue to like, share and encourage others to start following you.
Nurture a Huge Following
Just like other social networks, the secret to your success lies in how many followers you can garner. You will need to get as many followers as possible, and this requires that you regularly upload videos.
The more followers you have means the more influence you will have on TikTok.
Engage with Your Audience
As a TikTok influencer besides generating the content, you will also need to actively interact with your followers.
This means you will need to listen to them, produce content they seek, answer queries and produce live streams.
Promote Your Content on Other Social Media Platforms
You can help improve your chances of discoverability and engagement by opting to promote your TikTok channel on other platforms such as Instagram, Facebook, or YouTube.
Making money on this social network isn’t easy. If it was, we’d all be millionaires. But hey, we can still try. Take these tips into consideration and who knows, you might become the next Charlie D’amelio. 😉
And if you get shut down by one brand or influencer, keep trying. Hard work pays off!