7 Easy Ways To Make Money On Tiktok
Thinking about how to make money on TikTok? Well, TikTok has made so many users a success overnight, even with little or no followers.
This has made TikTok quite different from other social media accounts because TikTok has great potential to increase your income.
Whether you’re using TikTok for your business or your interest, relax; we’ll be showing you how to monetize your TikTok.
Also, make sure you follow us right to the last phase in this journey so you can learn how to start and grow more earnings with TikTok.
Through this article, I’ll be showing you how to grow your TikTok account and how you can start making money from it.
You’ll also learn the estimated amount to make on TikTok, and how many followers you need to start making money. That’s not just all, we’ll be unraveling different ways to make money on TikTok.
So, stick around till the end as we begin answering your questions regarding how to make money on TikTok.
Why should I use TikTok to make money?
TikTok has been very popular since 2020 and has been growing rapidly year after year since its launch in 2017.
So, due to its growth and popularity, there have been several new ways to make money from TikTok.
TikTok also has created different strategies on how creators can partake and make money from their massive user base.
The good news is anyone can understand how to make money on TikTok even without being famous on the platform.
Specifically, most users on TikTok are already gaining massively from TikTok with engaging videos.
Take Sean Young who is a TikTok consultant and is making up to $10,000 every month. With over 1 million followers now he’s telling brands how to do the same with his videos.
Charli D’Amelio, @charlidamelio on the other hand is the highest-paid influencer on TikTok with annual earnings of $17.5m in 2022.
Well, how did she start? She begins by posting videos while dancing thereby gaining popularity. This also helps her collaborate with other brands like Dunkin Donuts and the likes of others.
Also, some accounts without many followers have grown rapidly overnight by following a strategy to rank even with a single video.
So, this means you too can also learn how to make money on TikTok, since there are lots of slots available for everyone.
Now, we’re going to be showing you 7 ways to make money through TikTok.
Related: Best TikTok Promo Codes to Buy cheaper on TikTok
The 7 Ways You Can Make Money on TikTok
There are so many ways users can make money on TikTok if they understand how to make reasonable content.
So, we’ll be showing you 7 ways to make money on TikTok and some bonus tips to monetize TikTok.
Also, by understanding your audience and their interest you’ll be able to create an engaging environment on TikTok.
Here are some ways on how to make money on TikTok;
- Joining TikTok Creator Fund
The TikTok creator fund is a way for creators to gain from their constant effort in producing quality content.
This also serves as a way to reward their users for sharing entertaining content on their platform.
If you have a passion for creating videos, then you can learn how to make money on TikTok.
More so, this decision will help you turn your passion into a profession.
With TikTok, you can start making money as well while making fun of it right at the same time.
The benefits of this creator fund can’t even be overemphasized, which leads to having a steady source of income.
However, you must be eligible before you can start partaking in the TikTok creator fund.
Most especially, the fund helps in motivating content creators to produce even more quality and engaging content.
This is because you know that you’ll also be rewarded for your hard work and creativity.
Also, you can still decide to make money through the platform as a full-time job, making it a long-term career.
Eligibility for TikTok Creator Fund
There are eligibility statuses you must obtain for you to start gaining from the TikTok creator fund.
Luckily, we’ll be showing you the criteria for this fund.
However, if you don’t meet the criteria there are other options available for you.
- Users must be up to 18 years old to partake in it.
- Also, they must be residing in countries such as the UK, the US, Spain, Germany, France or Italy.
- You must also have at least 10,000 followers and up to 100,000 video views within 30 days.
- Partnering with Brands on Sponsored Content
Sponsored content involves partnering with brands as a creator to feature their product on your video for a fee.
This is a great way to make money and it doesn’t involve much labor or stress. However, you also need to show some level of creativity in your content and consider creating engaging videos.
This also has a way of boosting your TikTok account by showcasing brand offerings.
In addition, if you’re a beginner you can start by reaching out to smaller brands and startups to work it.
More so, you must consider brands that resonate with your brand, not every brand is suitable for you.
Stick with Your niche because I will help build your authenticity with your followers.
On the other hand, you can join the TikTok Creator Marketplace (TCM) to boost the chance for collaboration.
This marketplace is designed for content creator and brands to connect with and establish their marketing goals.
- Online Stores Sales
TikTok is a great place to host an online store and potentially make sales for your products.
Creators with the TikTok business account can include their products in their shopping tabs and add product links.
This option is a new feature design to help creators in promoting their products on the platform.
Furthermore, there has been a partnership between TikTok and Shopify including another e-commerce store.
So, users with the Shopify store can promote their products as a result of their partnership.
It’s also important that only users from U.S. U.K. and Canada can effectively add a shopping tab or product links.
- Affiliate Marketing
Creators can learn how to make money on TikTok through affiliate marketing.
Affiliate marketing on TikTok involves promoting users’ offerings to earn a percentage from the actual sales.
This is related to selling your product just that you’ll not get the benefits of getting all the profits.
If you want to start making money through affiliate marketing, you can generate your unique link.
So, with TikTok viewers can shop directly through your videos and you’ll get a percentage from the purchase made.
How to use Affiliate to make money on TikTok
This is simple, by just talking about a certain brand on your video with your affiliate link you can earn over $1000 monthly.
For example, you can utilize Amazon products in your videos with the TikTok shop. This allows users to buy Amazon products directly from you through your affiliate links. Also, create authentic and convincing videos that can encourage users to make sales.
- Consultation Services and Coaching
If you’re skilled in a particular field, you also have great chances to make money on TikTok. You may be asking how to make money on TikTok through consultations.
Well, a lot of people are willing to pay for mentorship in your chosen career and get personal consultation from you.
Additionally, TikTok helps you share insights and valuable tips with your audience in a unique way through their feature.
- Going Live
As a creator, going live is a must for you if you want to build a trustworthy and reliable community with your viewers. Also, this feature allows users to send virtual gifts and batches from their fans.
You can do a live stream on whether you’re doing any fun activities, to travelling. Also, you can encourage your viewers to support you by sending virtual gifts that you can redeem.
How many Followers does one need to make money on TikTok?
There is no specific no of followers that you must have before you can understand how to make money on TikTok. On the other hand, your ability to make money on TikTok depends on your level of engagement.
So, whether you’ve few followers you can still make money through your engagement rate. Especially if you are into affiliate marketing, all you need is for your audience to make purchases from your link.
However, if you want to join the TikTok creator fund you must start from at 10,000 followers. So, generally, to earn money on TikTok you can consider building your followers from 10,000 to 100,000.
Bonus Tips on How to make money on TikTok
- Build Engaged Audience
It’s crucial to build an engaged audience for your account on TikTok, this will also help you gain more followers. This step is also an initial step on how to make money on TikTok. In other words, before you can start making money you must build an engaging audience.
For this purpose, you’re to identify your audience and produce content that they are interested in.
So, the more engaging content you post the more your chances of increasing your followers.
- Promote content on other Platforms
As a content creator, you can promote your TikTok content by running cross-promote on other places. With this in mind, you can connect to a larger audience and gain more followers on TikTok.
Also, if you’re into affiliate marketing or promoting another brand from UGC, you can invest in cross-promotion.
Platforms like Facebook, Instagram, or Twitter can help you in attracting more traffic.
- Invest in Features on TikTok
There are features on TikTok that users can use to understand how to make money on TikTok.
For example, you can use TikTok Live to receive virtual gifts that can convert to cash.
Also, the TikTok ads campaign can be used to boost your sales if you are into product sales or services. You can meet newer people from different parts of the world by running ads on the platform.
Common mistakes Creators make on TikTok
- Not Posting Regularly: As a content creator you must be able to post content regularly to increase your value with the TikTok algorithm. Constant posting of content helps you rank higher and increase your audience base.
- Unengaged Audience: If your audiences are not engaging enough you won’t be able to monetize your TikTok. Having an engaged audience is important for how to make money on TikTok.
If your audiences aren’t engaging with your content, you can build engagement by replying to comments and asking questions. Specifically, by including a question and answer segment, solving queries, and engaging on their content.
- Excessive Sales Content: The fact that you can make sales on products doesn’t mean you should always post your product. Meaning that it’s advisable to reduce the level of promotional videos. More so, you can schedule your content to share other information like educational content, tutorials on using your products, etc.
- Creating Poor Quality Videos: This is another factor to consider when producing your videos, also create quality videos. Furthermore, it helps you in building an engaging audience also and improves your visibility and reach.
- Not having a Specific Niche: If you’re doing everything on TikTok it makes you lack authenticity on your post. Creators who are into brand collaboration should also focus on brands with the same or similar niche. This helps your profile stay authentic and helps you stay relevant and popular in your field.
- Not Following Trends: You must follow all the trends on TikTok such as Relevant TikTok Challenges, including the latest features and advancements. Hence, you’ll end up accessing the best features and advancement on how to make money on TikTok.
FAQs on Making Money On TikTok
- How much does TikTok pay users for each 1,000 views?
The estimated amount a TikTok user with 1,000 views can make is from $0.02 and $0.04 for each 1,000 views. So, if you’re having up to a million views you can make up to $20 to $40.
- Is TikTok a good way to make money as a creator?
Through the TikTok creator fund, you will be able to make cool cash all by making credible videos.
- How do you get paid on TikTok?
You can get paid on TikTok by joining the creator fund to earn money. How to make money on TikTok could also be by running ads and through TikTok donations. Also, you can invest in affiliate marketing and collaborating with other creators.
- Which Social media pays the most?
The best social media platform that pays the most is TikTok and YouTube. And many users have been making huge money from this platform.
- How many followers do you need to get verified on TikTok?
There is no specific number of followers that can determine whether you get verified on TikTok. If you want to get verified simply request for verification via the app and state their reasons to get verified.
Conclusions
How to make money on TikTok is something anyone can partake in and benefits a lot of income. Most especially, if you derive pleasure in posting videos on the platform, you can turn your passion into a profession.
In addition, just as many creators have used TikTok to make money. You too can join this trend and increase your earnings with TikTok.
Above all, if you want to make money on TikTok make sure you invest in quality videos and build an engaging audience.
With this in mind, you can create a better environment for making money online with the power of TikTok.