Can you make money on TikTok?
The short answer is that you can make money on TikTok.
Making money on TikTok, like painting a picture or determining your ex’s ex’s relationship status, requires a little imagination. While there are official, app-funded ways to earn money on the platform, there are plenty of other tips to make money with TikTok – even if you don’t have a lot of followers or any video views.
Many TikTok users have already achieved financial success through the app, similar to social media creators active on other platforms. And, while TikTok may appear to be a new foundation, the strategies you can use to make money are likely to be familiar.
Getting pay on TikTok
What elementaries do you need to have to get money?
TikTok’s Creator Fund is a program designed to assist creators in earning money from their videos. It’s TikTok’s collaboration with creators, and it’s a reward for sharing high-quality content. The amount of payment varies between creators and is determined by follower engagement, views, likes, and adherence to the guidelines. TikTok ads will be played before or after your videos in the Creator Fund, generating revenue as a result of the ads being run and watched in the video. It’s the first step toward assisting creators in monetizing TikTok content.
- To be eligible for the app, TikTok creators have to:
- Be legal residents of the US
- Be at least 18 years old
- Have over 10,000 followers
- Have at least 100,000 video views in the last 30 days
- Meet TikTok community guidelines and terms of service.
How much can a TikTok creator earn from their account?
A creator must apply for the TikTok creator’s fund in order to earn money from TikTok. TikTok pays between 2 and 4 cents per 1,000 views through this program. In reality, it isn’t all that much.
However, if the video goes viral, you can make a lot of money with just one post. A video must receive millions of views in order to go viral. Even so, the starting price is not prohibitively expensive. A million views on a video will earn between $20 and $40. So, in order to earn a lot of money on TikTok, the content must be extremely engaging.
While other channels struggle to find an audience and for their content, some creators earn more than a million dollars per year for their short videos. For example, Addison Rae is the number one TikTok influencer on Forbes’ list of the platform’s highest-earning stars.
9 easy ways make money from TikTok
1. Partner with a brand you trust
Your followers will see right through you if your TikTok is all about your raw vegan journey and then you start creating content and posting about your favorite local burger joint. This is not only confusing, but it also makes you appear to be a sellout. As a result, make sure that your sponsored content complements your regular content.
2. Make a press kit for your TikTok account
A press kit is similar to a personal movie trailer. It promotes all of your great qualities (and gives brands good reasons to work with you) and includes contact information, photos, and notable accomplishments. Make them want to see what happens next while holding a bag of popcorn. Templates for press kits are available for free on websites such as Templatelab.
3. Sell Merchandise to TikTok Users
One of the many benefits of being a social media influencer is that you can use your popularity to sell merchandise. You can use your platform to sell artistic works, t-shirts, clothing lines, memorabilia, and other merchandise to your followers as part of your influencer marketing strategy.
4. Manage influencer campaigns
You can also manage campaigns by serving as a go-between for a TikTok creator and a brand. In exchange for a fee, you help businesses connect with TikTok influencers and ensure key campaign activities are completed as an influencer campaign.
5. Get TikTok Creator Fund payouts
This is the app-sanctioned money-making method we discussed earlier. TikTok announced their new Creator Fund on July 22, 2020, pledging $200 million USD to “encourage those who dream of using their voices and creativity to spark inspirational careers.”
The internet—and the rest of the world—gobbled it up, and just a week later, they announced that the fund would grow to $1 billion USD by 2023. So, how do you obtain that enticing creator cash? Before you can apply, you must check the following boxes on the app.
TikTokers who work with a brand sponsorship agency typically charge 1-2 cents per sponsored post view, which is significantly higher than the TikTok CF.
6. Become a brand ambassador
Brands are constantly on the lookout for influencers who can help them direct customers to their products and services. As a brand legate, you assist brands in increasing their social media presence, spreading positive messages about, and influencing consumer sales. You will not only be paid as a brand ambassador, but you will also be able to expand your professional network.
7. Join TikTok’s Creator Marketplace
To work with sponsors and brands, you can join TikTok’s Creator Marketplace and simply mention their product or service in your videos. To be eligible, you must have at least 100,000 followers and use an analytics tool for businesses that helps them identify your engagement, reach, views, and demographics.
8. Promote music track
You can use your TikTok to help promote music tracks by incorporating them in your videos and get paid for them.
9. Grow and Sell TikTok Accounts
Businesses may want to have a presence on TikTok but are unsure how to do so. You can assist them by organically growing followers in a specific niche and selling TikTok accounts on sites such as 123 accs, Accfarm, and Fameswap. If you want to make a side income by flipping TikTok accounts, you’ll need to develop a strong content strategy, engage with followers on a regular basis, and publish formal content to increase engagement.
It is entirely possible to make money on TikTok. You only need a niche, a dash of creativity, and the right approach. Whether you use the TikTok Creator Fund, Influencer Marketing, or sell custom merchandise, taking the proper steps will ensure a profit.