Guide on how to make money on TikTok
Making money from tiktok is amazing and very interesting venture. I know most people have the dreams of making it huge using the TikTok social media.
Many influencers make millions of dollars from their TikTok accounts yearly and you might be figuring out how they manage to make it so big from a mere app.
TikTok tops with 3 billion installs. It has risen so quickly since launched in 2016. So the fact people are making huge amount from it is of no doubt.
To get your TikTok account monitized honestly, is not an easy thing to do but not impossible you need to be patient in growing your account as it is not what you can achieve in a day but with constant perseverance and putting in hard work you will achieve success.
Now let’s look at several ways you can make money out of that your TikTok account.
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Following these tips you’ll be making cool cash out of this tiktok social app trust me. They are:
1. Start selling your products with you account
Shopping tab was added newly as a feature to TikTok in partnership with Shopify. It simply enable users having Shopify store simply market their products with the aid of TikTok.
You can actually include to your TikTok profile business account a shopping tab and links to your products. This is preferably for people living in the UK, Canada or United States.
Just a click on the link, you’ll be taken to the Shopify store for happy shopping.
This can be indirect way of making money from the app.
You can also market your goods, Services and products by making TikTok videos, displaying to world what you have for sale.
2. You Can Start Selling TikTok Accounts
Entice your prospects by including awesome Videos on the accounts you nurture to be sold. Post regularly on the account to attract more followers and watch how people would be willing to purchase tiktok Accounts from you.
Most Professional Businesses and Services are very much interested to be in the TikTok social media to create awareness for potential customers but time factor can hinder them from growing the account so they can prefer to purchase an account from you if you have quality Accounts.
Before now people are making money from growing and selling accounts. A notable 23-year-old Ramy Halloun has a unique strategy of TikTok Account monetization and he is making very much use of his potentials. This only, fetch him over $30,000 yearly.
You can draft a pattern of organising each account based on a particular niche i.e one particular Account will be used for video creation only and not diving into different niches with a particular Account. Specialising your accounts can aid swift and steady selling thereby making more money.
3. Make cash through donations
Coins feature on TikTok can be exchanged to real cash. It can be got from your followers only If you’re eligible to live stream.
Your fans and followers can buy you gift or send you coin during live streaming. You can withdraw the money with your PayPal account, but firstly, you need to exchange the coin to diamonds then the diamonds sent to your PayPal as cash.
Before you can be eligible for live streaming, your account must have stayed for years or you have strong Account.
4. Become a TikTok Influencer
An influencer needs to be niche based. When you have particular thing or video you are known for on TikTok, it could align with some big companies who have significant aspect or prospect with you. You can be paid by the company to promote their products on your page.
Becoming an influencer on TikTok, you must have gathered enough fan base who are your followers equally and are active viewing, commenting or liking each of your post.
A person who has 5000 to 50,000 can actually be an influencer, but not limited to the above figures though.
5. You can become a TikTok Consultant
As a successful tiktok consultant, your ability to attract millions of audience is required. Your videos should be getting reasonable amount of views when posted, also you must have the knowledge on how to use each features on the app as it changes over time.
Being a tiktok Specialist, brands will hire you for the purpose of growing their accounts, build their presence in the app and get lots of potential customers.
You can let others learn from you if you are a specialist on TikTok, you can organise an online or offline class for your students as you teach them how to use certain features and make videos go viral; you make income that way by charging some cash for each session of the class.
The app features are vast and the platform indeed is tough and trends change overtime. One can become less interesting or boring on the app causing loss of much followers. This is the reason brands employ Specialist to manage their accounts and keep bringing interesting concepts thereby gaining more recognition and making more money.
6. Publish Sponsored Posts
To be eligible to join the TikTok Creator Marketplace (TCM), you must be 18 years of age and above, have over 100,000 followers and your video likes must receive 100,000 likes in the past 28 days. If you have the above requirements, you can apply immediately.
Again, maybe you don’t have the above requirements, and you strongly want to make money through sponsored post on the app, you can meet a brand or vice versa, and when agreement is reached, you can start marketing their products through your videos you post on your tiktok page. The brand will pay you for that.
Also in your locality, you can meet local businesses who are of interest to market their goods, Services or products then you could strike a price with them to market their products, goods or services through your videos on tiktok.
7. Start A TikTok Talent Management Agency
Famous TikTokkers and celebrities are always in need of social media management agencies. You could feature in this if you have the knowledge of social media management, marketing and production.
People who need social media management services are those who have went viral on social medias but don’t know how to manage it in other to retain their audience and gain more followers also. This is when your services as a specialist in account management comes in.
Being a social account manager to celebrities or brands, you can device ideas on how to leverage the TikTok app to make more money.
Put up some unique ideas on how to keep the followers engaged and not to get bored being on the page you manage
Meet brands that are ready to work with the account you manage for promos, Advertisements and more; thereby you make more money for your employer and yourself.
Being on Tiktok and How much you can possibly make out of it.
As a marketer influencer, the amount you’ll be making depends on the number of followers you have. Popular account owners can be possible making $11,000 to millions of dollars on a post.
You need not to wait to have millions of followers to start monitizing your account, all you need is strong engaging reasonable amount of followers to start making money out of your account.
With 28 million followers and a 0.75% engagement rate, Kody an influencer is making up to $28,800 per post.
He became popular because his dad featured on the viral show Tiger King.
Influencer Marketing Hub’s TikTok Money Calculator is a tool that can aid you make an estimate of the amount you might be able to make using your account stats.
As a micro-influencer your earnings will be lower at that stage, but with constant work and perseverance, your earnings would begin to increase drastically.
The strategies you apply to monitization will depend the amount you will be making.
Number of followers you need to start making money on Tiktok
With 1000 followers, you should be making money on Tiktok. You can do this by getting your content sponsored by a brand.
$100 is minimum withdrawal in tiktok and creators can withdraw up to $1,000 per week.
You can send or receive gifts to favourite creators, the gifts converted to diamonds on your profile and could be withdrawn as cash through the payment methods tiktok offers. You can start engaging your audience and earn gifts.
Like said above in the article, you can make money using tiktok by applying for TikTok Creator Fund. You will be paid for publishing quality content often and engaging audience.
Before you can qualify for the above feature, you must
Have 10,000 followers on your tiktok Account
For the past 28 days your videos have been viewed for the minimum of 10,000 times
You must be 18 and about and reside in UK, US, Germany, France, Spain or Italy.
If you have these requirements, you can apply and start making it huge.
For a quick summary, You can make huge income using Tiktok by
Selling Your Own Products
Becoming a TikTok Influencer
Starting A TikTok Talent Management Agency
Grow and Sell TikTok Accounts
Becoming a TikTok Consultant
Publishing Sponsored Posts
To make money out of tiktok is not an impossible task and people that are making money from it are not using magic or supernatural powers.
The main thing to note is that you just need to have unique and interesting things to be putting up for you to create an engagement and have lots of followers. Content is the key!.
It needs consistency and hardwork while being patient. Don’t expect to be earning much at the beginning but just focus on creating meaningful contents and start making much money with time.
You need to strategize to know which niche favours you most or what engages people to your post and then follow it up.
Choose from above any suitable way you would like to utilize the tiktok app to turn it to streams of income, make sure you dive into the one you can be able to do, have passion for or talented in so as not to drop halfway.