Have you ever dreamed about being paid a huge sum of money to play with your mobile all day?
It’s a good guess how it works when you decide how to make money from TikTok. We see it all the time. There are a lot of influencers making millions of dollars each year with the use of their TikTok accounts.
There’s no doubt about it. TikTok has seen incredible growth since its first appearance in 2016 — and is the first application not controlled by Facebook to reach three billion installations.
While making money from the value of your TikTok account isn’t a simple task to complete, it’s feasible if you’ve got the determination, plan, and desire to know how to accomplish it.
This article will examine seven ways to make money with TikTok.
Let’s try this.
Making Money on TikTok: 7 Ways to Start Today
There are many ways to earn money on your preferred app. Let’s review some of the most effective TikTok methods to monetize your app in 2021.
1. Become a TikTok Influencer
The saying goes, “Build it, and they will come.” This idea applies to TikTok as well.
If you create an account with a solid and active audience, it will be possible to sign influencer agreements with brands from all around the globe that are looking to engage with their customers.
In an influencer marketing agreement, a brand might request you to advertise their products or services in the form of TikTok videos. The most popular payment type is cash or other complimentary items from the brand.
For instance, Charli D’Amelio, One of the most popular TikTokers out there, is an influencer for P&G, one of the largest brands on the market.
Some people believe that you’ll need millions of followers, like Charli, to be an influencer. It’s not the reality.
What is a micro-influencer? It may differ based on who you’re talking with and the scale of the market you’re targeting. It’s typically between 5,000 and 50,000 followers. Most companies prefer working with micro-influencers or influencers that have fewer followers.
To be an effective influencer is a good idea to choose a niche or a distinct subject or theme for your posts and accounts. So brands will be able to determine whether you’re a suitable fit with the products or services they’d like you to promote.
2. Grow and Sell TikTok Accounts
Many companies would like to be present on TikTok. However, they don’t have the time or the funds to build and expand an account.
Why not give them a speedy path to TikTok expansion? This can be done by promoting and growing TikTok accounts.
Individuals have set up social media accounts for a long time and then sold the accounts to earn money. For example, 23-year-old Ramy Halloun earns about $30,000 annually with this TikTok monetization method.
To make money selling TikTok accounts, you require more than just an appealing variety of videos that you can upload to your page. Additionally, you’ll need a distinct goal and a committed following.
These themed or “niche” accounts are easier to sell since the buyer can create the same content following the purchase to maintain their following.
If, for instance, you sell an account that contains video clips that relate to unboxing, the company that you sell to can continue to post the same type of videos into the future.
Personal accounts are a lot more difficult to market because people may be attracted by the person rather than the type of content.
To flip TikTok accounts, it is essential to develop an effective content strategy and keep in touch with your followers frequently and offer buyers tips about how they can get more engagement with their newly purchased account.
3. Publish Sponsored Posts
Brands contact you (or you get them) to showcase their products in your videos. In exchange, they will pay you a fee to cover the cost of your service. Another method of monetizing is a TikTok account is used to sponsor content.
Start by working with small brands to expand your portfolio. Contact the local business in your neighborhood to find out if they’re interested in being listed on TikTok. It’s a perfect idea to initially set an initial fee and then gradually increase it as you gain recognition from a TikTok creator.
However, if you’d rather price the highest price and let brands approach you, you should consider becoming a part of TikTok’s TikTok Creator Marketplace (TCM). If you’re not familiar with it, TCM is a collaboration platform that lets brands create and manage campaigns for marketing with TikTokers.
However, you must have more than 100,000 followers, must be at least 18 years old, and have received more than 100,000 video likes within the last 28 days to be eligible.
If you’re starting as a creator, you should concentrate on creating unique TikTok video content that you could send to brands to gain some sponsorships.
4. Sell Your Products
If you’re in Canada, the US, or the UK and have an account on TikTok for Business, you could include a shopping tab and product links in your profile.
Shopping is an innovative feature created due to TikTok’s alliance with Shopify. It’s designed to assist TikTokers with the Shopify store market their products via the application. Customers who click on a product link are taken into the retailer’s Shopify store to purchase.
While there’s no straightforward way to earn money through TikTok, you can earn money by making sales for your company.
Pro tip If you do not have many users on TikTok, you can endorse your brand by making unique TikTok videos. For example, if you run a business that sells food products, you could create 30-second recipes videos and then share these on TikTok. Make it your own!
5. Collect Donations
TikTok offers an intriguing feature known as coins. Suppose you’re allowed to stream live and collect coins from some of your committed and loyal fans. You can then swap them to cash.
This is how the system works. Imagine that your top fan purchases coins. They start with $1.39 to buy 100 dollars (and increase in increments to $139.99 per 1,000 coins).
If you’re live streaming, the user may send you coins or use the coins to purchase gifts for you. Then, you can turn the gifts and coins into diamonds and then convert diamonds into cash with PayPal.
The only downside is that the live stream isn’t available to all. TikTok chooses the users who Livestream, and you’ll need to be a registered user before being able to monetize TikTok by using this feature.
The Chinese variant of TikTok, Douyin, has an identical feature available during live streams. An account’s administrator can provide a “shopping cart” option so they can sell their goods and services directly during the live stream.
Many people believe the feature could be added to TikTok, which is a fantastic way to earn money on TikTok.
6. Become a TikTok Consultant
TikTok is among the most complicated platforms for many businesses to master. Its uniqueness channel is that trends change quickly.
Anyone can be an instant sensation, and it’s possible to lose a portion of your fans too.
This is why TikTok consultants are highly sought-after.
TikTok consultants are experts companies hire to help establish their presence and increase the number of users who visit the TikTok accounts.
If you can make trendy TikTok video content, you could help others learn the same thing for a nominal cost. It’s an excellent way to make money from your talents and create business connections.
To be successful as a consultant for TikTok expert, you’ll have to show your ability to garner thousands or millions of views of videos. Additionally, you’ll need to understand how to make the most of the different options of the video-sharing app.
If you’re enjoying great success on TikTok, it’s a good idea to be prepared for these issues.
7. Start A TikTok Talent Management Agency
Do you have experience in managing talent and social media marketing or production? You can start a company that consults and manages accounts for the most famous TikTokkers.
If you consider it, it’s like the actors who have their own talents managers.
This is a handy service for those who went to the top of the charts overnight. They produce a fantastic video, then wake up in the morning, and boom! They’ve gained more followers than they have ever had — however, they don’t know how to keep it in the right direction.
This is where you step in as an employee manager. You can assist influencers in:
- Find partnerships with brands that align with their image and interests.
- Make agreements and deals on behalf of the parties
- Please provide them with how to use their content to maximize their visibility and engage
- Create innovative and exciting ways to earn some money (for each of you! )
How much can Earn with TikTok?
Although you do not have to be a part of a 20-million following to earn money on TikTok, an account that makes money must have a solid and active following.
Regarding strategies like influencer marketing, the amount you make typically depends on the number of people you follow. It’s not a secret that popular accounts can fetch tens of thousands of dollars or even millions with one post.
Tools available on the market determine how much you can earn based on your profile statistics. In Influencer Marketing Hub’s Money Calculator on TikTok is one excellent one.
Take the famous TikTokker Kody Antle. He became famous because of his dad’s appearance in the show that went viral, Tiger King.
With 28 million people following and an 0.75 percentage of engagement, Kody might be making as much as $27,800 for each post.
If you’re in the micro-influencer stage, your earnings will be less.
For instance, Carlos Ayala has 112,900 followers with a 3.07 percent engagement rate which is estimated to earn up to 114 dollars for each post.
Remember that the amount you earn will vary based on your strategy to make money from TikTok and how you implement the plan into action.
How Many Followers Do You Need To Make Money on TikTok
Technically, you could begin earning money from TikTok, starting with just 1,000 followers. But, you’ll need to find companies who are willing to pay for your posts.
Another option is to interact with your viewers via live video, which means you can become a popular choice and earn rewards.
TikTok allows users to show their support for their favorite creators by gifting them gifts of various types and quantities. If the recipient receives a present, it transforms into diamonds to be displayed on the TikTok profile. Once you have enough diamonds, trade them in for cash or cash out the funds using PayPal or another payment method.
The minimum amount that can be withdrawn is $100. TikTok lets creators take up to $1,000 in a week.
In addition to these two options, you could also apply for in the TikTok Creator Fund. It is a program TikTok offers for recognizing creators that create high-quality content regularly and provide the most value for their followers.
The following are the conditions of the TikTok Creator Fund
- You’re TikTok account must have at minimum of 10,000 users.
- You’ve gotten at least 100,000 video views over the last 30 days.
- You must be 18 years old and reside within the UK, US, Germany, France, Spain, or Italy.
This is for creators who have established a solid following in the last several months.
Understanding how to earn money through TikTok isn’t complicated.
The primary thing to remember is that you require stunning content that people will love and that you must be relentless in gaining your fan base.
If you apply it with the right attitude and are willing to learn every day, and keep a close eye on what’s working and what’s not, You’ll start making cash before you know it.