Social media has become a source of income to many who become social influencer in Facebook, Instagram and Twitter. The fastest growing of these social media apps is TikTok. Some individuals have had benefits from Tiktok by making millions from it.
Forbes article discusses the 7 highest earning stars on TikTok. The stars were able to earn over million dollars by posting short video in TikTok that gained popularity. For example, Addison Rae Easterling earned 5million dollars in one year. Easterling earning is clear evidence that you can absolutely make money from TikTok. Infact, there are TikTok calculators that gives an estimate earning of every TikTok account.
How then do you make money from TikTok?
I am going to discuss six different ways you can make money from Tiktok. Off course all of them requires some dedication and commitment.
1. Sell TikTok Accounts to Make Money
This involves growing your TikTok accounts and then selling them. You start by choosing a niche, then you create content that attract the interest of the viewer.
Many people today are growing tiktok account by building their profile around certain interest. They may not have anything to sell, but they are going to look for a brand in an industry and sell their profile to them. Products brands would prefer such an account since it is easy for them to sell their products.
People are also selling products through Tiktok live. Products are launched or auctioned through livestreaming on TikTok. You can also direct your followers to the link in the bio to enable them access the product brand. This is common in ecommerce and product space.
It is safe then to say, TikTok lovers can make money by creating account, make the accounts grow following a certain topic and then selling them to a product brand. Get those brands that may be willing to access your account followers and sell to them.
2. Get Donations on TikTok
You can make money by collecting donations from viewers. Donations can be obtained by going life on TikTok. How do you get to earn the money?
Check when your favorite content creator is going live. Send them coins as a way of appreciating the good work they do in creating the content.
Once the content creator receives your coin, they turn your coins into diamonds that can be converted into cash and paid through PayPal. Meaning you must have a PayPal account to receive payments.
On the app Douyin,a Chinese version of Tiktok, there is an advanced features on live earning. The creator attaches a shopping cart to a product they sell when they are live. It become a shopping channel where people can buy the product through the shopping cart features. This is possible when you are livestreaming on TikTok.
3. Manage TikTok Influencer Campaigns
This involve becoming a middleman or a broker between a creator on TikTok and the brand who want to work with the influencer. Meaning you become the coordinator to manage both parties in creating the agreement and making sure the deliverables are met. You can then charge a service fee for managing their work.
TikTok has made it easy by providing an in-built influencer program. Through the program you can access those influencers to work with the help of Tiktok.
4. Offer Management Services to Make Money
Some creators on TikTok have millions of followers and sometimes this happens really fast and overnight for that creator. It’s like having a business land in their lap.
You could step in and offer services to help them with their content strategy, their creative strategy, maybe managing offers and deals that come their way.
So, if you have that background in production or storytelling, you could definitely apply that to offering management services to TikTok creators.
5. Tap TikTok’s Creator Fund (TikTok ads)
This is money that tiktok distributes to people who are in the Creator Fund
You can apply for this fund if you have at least 10,000 followers, received at least 100,000 video views in the last 30 days, and have met a few other qualifications such as being 18 or older.
How much money can you expect to make?
According to TikTok creator page, the amount you earn depends on various factors such as number of views, video engagement and off course adhering to the community guidelines and Terms of service. These elements influence how funds are calculated for every program.
It is a way of earning funds that require you to pump successful and influential content regularly. Nevertheless, whatever little you earn, be happy that your effort is rewarded.
6. Become a TikTok consultant
If you are an expert on all things on TikTok, many are in need of your guidance. With this still being a relatively new social platform, people will pay money to hire you as a consultant to help them create their strategy, build their brand and boost their followers. Maybe you really understand how someone could take a video that maybe gets a hundred views and help them get 100,000 views, well, you can simply offer consulting services.
This is a really great way to leverage your expertise from the platform and help people who want to be TikTok famous or they want to be creators, actually boost their strategy so their videos get seen by hundreds of thousands, if not millions of people.
Of course, you need to have the background and the experience in this first to offer this as a service. But once you’re there, people will pay to have your experience and your brain on their account. And if you help them get any deals or influencer agreements, you can negotiate a percentage of the deal simply because you are their consultant and you helped them go viral on Tiktok.
7.Advertise your Products and Make Sales on TikTok
If you’ve already established merchandise, this is the most obvious route for moneymaking: create TikToks that show off your products, including all the details that make them unique. Make sure you include a link to your shop in your bio.
This is exactly how Orlando-based TikToker Connie Rietdyk (@connie.rietdyk) makes most of her cash.
She worked as a consultant on website design and search engine optimization as a side hustle for several years, but the income was “nothing to write home about,” she says, “just enough to cover an extra bill.”
She earned most of her money working at a call center until that contract ended in May 2021. With no other job lined up and unemployment benefits delayed, Rietdyk started leveraging TikTok, which she’d previously used only to view and post personal content.
In Rietdyk’s TikTok posts, she started giving small-business tips on website design and SEO. Starting with about 200 followers last May, she now has more than 11,000 — and several followers have become paying clients.
In September 2021, Rietdyk estimated that 80% of her income was coming from TikTok referrals; she’d earned nearly $11,000 since May and more than $4,600 in July alone. She found it to be enough to cover all her bills and stash away some savings on top.
8. Make Money by Using Affiliate Links on TikTok Posts
You can also opt to participate in affiliate programs by placing links on your TikTok post descriptions or even your bio channel to generate some money.
9. Promote other People Music to Make Money
You can use your TikTok to help promote music tracks by incorporating them in your videos and get paid for them.
10. Join TikTok’s Creators Market place and Make Money
You can join the TikToks’s market place to work with sponsors and brands and all you have to 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.
It is clear that wealth can be gained from TikTok. Many people are earning money through TikTok and some consider it as a full-time job. Get started by growing your TikTok account