How To Make Money On TikTok: 8 Easy Ideas.TikTok (with its Chinese-market counterpart, Douyin) was the seventh most-downloaded app of the 2010s, despite having only launched globally in 2017. That’s a lot of marketing potential for business owners and marketers.
If you’re interested in leveraging TikTok’s large user base to expand your audience, consider the following techniques employed by the social media platform’s top artists and marketers.
How to make money on TikTok
- Join the TikTok Creator Fund
- Sell merch to your fans
- Go live and collect virtual gifts
- Partner with influencers or other brands in the TikTok creator marketplace
- Create in-feed ads with the TikTok ads manager
- Crowdfund projects by collecting donations from fans
- Collect “tips” from your audience
- Start a Patreon and offer fan subscriptions
To start making money on TikTok:
- Minimum age is eighteen years old
- You must have a base of operations in the United States, the United Kingdom, France, Germany, Spain, or Italy.
- Minimum number of followers required: 10,000
- In the past 30 days, your videos must have received at least 100,000 views.
- Your account is subject to the TikTok Community Guidelines and terms of service.
Once you acquire a deeper insight of your target demographic, deciding How To Make Money On TikTok becomes simpler. There is no single method of monetization, but the highest-earning individuals typically maintain multiple complimentary income streams. Opportunities on TikTok are nearly limitless, ranging from sponsored content to organic marketing.
List of ways on How To Make Money On TikTok
The following is a list of ways on How To Make Money On TikTok:
1. Participate in the TikTok Creator Fund
One of the ways on How To Make Money On TikTok is that Users that have amassed a sizable fan base may contemplate earning money through the TikTok Creator Fund.
The Creator Fund calculates earnings depending on variables such as the size of your audience, the quality of user involvement, and the frequency of your TikTok uploads.
The Creator Fund is a terrific concept if you already have a following, but it can be somewhat exclusive and payment is not always certain.
There are plenty additional ways to monetize your account if you’re just getting started. Even if you have joined the Creator Fund, it is still advisable to have extra revenue streams.
2. Sell merch to your fans
Selling your own products on TikTok is a fantastic way of How To Make Money On TikTok. Any artist, whether a dancer, singer, or comedian, can produce and sell merchandise to their most devoted fans.
And because there are numerous print-on-demand companies, there is an abundance of items to select from. You could sell any combination of T-shirts, tote bags, pillow covers, hats, coffee mugs, stickers, and notebooks.
Print-on-demand goods sales have advantages beyond money. The possession of branded merchandise provides your fans with a more personal connection to your work, and every follower who wears your merchandise spreads the word about your firm.
Six high school seniors created the clothing company Unxpectd as a school assignment. But when the gang began using TikTok to sell the garments they were hand-making in their parents’ basements, their lives were irrevocably altered.
In December 2020, Unxpectd’s TikTok account received its first viral video, and within a few short months, its following exploded. Since graduating, the crew has relocated to Los Angeles, where, when not developing new TikTok video, they continue to dye and embroider their own products.
What is effective about Unxpectd’s TikTok account is that it is rarely utilized for direct product promotion. Instead, Unxpectd enables fans to get to know the firm’s creators on a more personal level, bringing them along on its journey to establish its brand.
3. Stream live and acquire virtual goodies
Live Gifting is one of the most effective ways on How To Make Money On TikTok for creators seeking to monetise their livestreaming material.
TikTok is unique because it enables followers to express their appreciation in real time by sending virtual gifts that can be redeemed for payment.
4. Form strategic alliances with TikTok creator marketplace influencers and other brands
Creator Marketplace is one of the most innovative ways on How To Make Money On TikTok and allows its creators to earn money.
The Creator Marketplace facilitates connections between companies and influencers in a way that is quick and simple for both sides. TikTok makes the creation of valuable sponsored content relatively simple.
Brands interested in launching an affiliate marketing campaign can explore the marketplace and rapidly sift through content generated by creators who have confirmed their willingness to collaborate with brands.
The creator marketplace functions as an influencer agency, allowing both parties to show their readiness to collaborate. This alleviates some of the awkwardness that marketers may have when approaching influencers on other platforms.
5. Design in-feed advertisements using the TikTok advertising manager
If you’re ready to pay a little money to enhance the reach of your material, you may choose to create your own in-feed advertising using the TikTok ads manager.
TikTok advertisements appear in the “For you” feeds of users and autoplay much like other TikTok videos. With paid advertisements, you can ensure that your videos reach the consumers most interested in your items.
However, the best part? TikTok’s ad management connects easily with Shopify. This enables you to create TikTok commercials, select a target audience, and track the performance of your ad directly from your Shopify store. TikTok might be one of the most effective online marketing strategies available.However, this is another way on How To Make Money On TikTok.
6. Crowdfund projects by collecting donations from fans
Crowdfunding is one of the most accessible ways for creators to learn How To Make Money On TikTok. You put a lot of time and effort into developing material for your followers, so offering an easy, non-intrusive way for them to contribute is a terrific approach to secure a steady income stream.
Crowdfunding can take many different forms, depending on the type of financing sought. If you need startup cash for a particular project, you might rally your fans by establishing a financial goal and holding live fundraising events.
7. Collect “advice” from your audience
If you do not have a specific project in mind or are not prepared to offer investors equity, crowdfunding sites may not be the best option. Consider employing a tipping platform for a quick and easy way to take donations.
Tipping platforms offer a more individualized kind of financing. They function identically to an actual tip jar. Fans are permitted, but not required, to make donations at any time and for any amount they choose.This is another strategy on How To Make Money On TikTok.
8. Start a Patreon and offer fan subscriptions
Crowdfunding is effective for large initiatives, and tipping is the quickest way to gather donations. But what if you desire a more consistent passive income stream? Consider adopting a creator-based subscription platform, such as Patreon, in this scenario.
Content creators benefit greatly from subscription-based revenue models since they can keep individual subscription fees low and focus on building their subscriber base.
A low-cost monthly subscription, say one dollar, is simple to offer to a single devoted admirer. If you have a large number of devoted admirers, the money begins to build up.
Patreon was the first significant platform designed to enable creators and influencers to generate cash via premium subscriptions from their most devoted fans. You can build up membership tiers on Patreon that allow you to offer special material to your most devoted patrons.
FAQs On How To Make Money On TikTok
How much does TikTok pay?
According to Forbes, a TikToker may make between $100,000 and $250,000 for a branded video, with celebrity TikTokers earning up to $500,000 per post. Earnings are usually determined by engagement rate, which measures how frequently people interact with your account by liking, commenting, and sharing your videos.
Is TikTok a good way to make money?
Brand partnerships on TikTok can make you upwards of $80,000. That's right — if you're a big enough creator (with a large and engaged audience and a track record of success on the platform), you can buy an expensive car with your earnings from one video.
How many followers do I need to get paid on TikTok?
To make money from TikTok's creator fund, a user must be 18 years or older and have at least 10,000 followers and have achieved at least 10,000 video views within 30 days. To get virtual gifts during Livestream, a creator needs to be 18 years or older and have at least 1,000 followers.
How many likes do I need to get paid on TikTok?
Before getting paid from likes on TikTok, you need to have over 50,000 likes on a post. Also, it's not just hitting 50,000 likes on a video to get paid; it's about the consistency and if your videos have been hitting those numbers over the months.
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